Common use of Outstanding Payments Clause in Contracts

Outstanding Payments. As a result of outstanding debt, CBG reserves the right to refer overdue amounts to an external collections agency. In the event of payment defaults, you will be liable to CBG for all outstanding monies due and will be liable to pay CBG debt recovery expenses and legal costs.

Appears in 2 contracts

Sources: Membership Agreement, Membership Agreement

Outstanding Payments. As a result of outstanding debt, CBG reserves the right to refer overdue amounts to an external collections agency. In the event of payment defaults, defaults you will be liable to CBG for all outstanding monies due and will be liable to pay CBG debt recovery expenses and legal costs.

Appears in 1 contract

Sources: Membership Agreement