Common use of FORFEITURE OF BENEFIT OF THE TERM Clause in Contracts

FORFEITURE OF BENEFIT OF THE TERM. In the event that the cardholder breaches any condition stipulated in this contract, including without limitation, where the cardholder fails to make payments by the due date in accordance with any mode of financing he has used, as defined in Section 1 of this contract, then Desjardins, subject to the Consumer Protection Act, may require immediate repayment of all the amounts owed by the cardholder, regardless whether they are due and payable.

FORFEITURE OF BENEFIT OF THE TERM. In the event that the cardholder breaches any condition stipulated in this contract, including without limitation, where the cardholder fails to make payments by the due date in accordance with any mode of financing he has will have used, as defined in Section 1 of this contract, then Desjardins, subject to the Consumer Protection Act, may require immediate repayment of all the amounts owed by the cardholder, regardless of whether they are due and payable.