Common use of Outstanding Debts Clause in Contracts

Outstanding Debts. All outstanding debts owed to HACU must be paid prior to participation in the Purchased Opportunity. If such debts remain unpaid at the time of the Purchased Opportunity, HACU reserves the right to exclude Participant and its subcontractor(s) from the Purchased Opportunity without liability. Failure of HACU to exercise rights under this provision will not waive HACU’s right to full collection.