UNFORESEEN HARDSHIP Sample Clauses

UNFORESEEN HARDSHIP. 11.1 If the Member is unable reasonably to meet the conditions of this Agreement or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, the Member can apply to the Credit Union for an unforeseen hardship variation
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UNFORESEEN HARDSHIP i. It is recognised by the parties to this Agreement that the agreed salary increases place a significant and long term, financial commitment on the employer. It is further recognised that there may be unforeseen events or circumstances beyond the control of the employer which may, at some stage during the life of this Agreement, seriously impact on the employer's ability to pass on the salary increases outlined in this Agreement.
Sample 1
UNFORESEEN HARDSHIP. If a cardmember/account holder is unable reasonably to keep up their payments or other obligations because of change in their personal circumstances, they must let the Bank know immediately. The statutory hardship regime under the Credit Contracts and Consumer Finance Act 2003 provides you with a statutory right to apply to the Bank for certain variations to be made to your credit contract if you meet certain criteria, namely:  you have suffered hardship that you could not reasonably have seen coming, such as illness or injury, loss of employment, the end of a relationship, or death of a de facto partner, civil union partner or spouse. ‘End of relationship’ includes spouses or civil union partners living apart or separating, a marriage or civil union being dissolved, de facto partners no longer being in a de facto relationship, one spouse or partner endangering the relationship property or seriously diminishing its value, or a spouse or partner being an undischarged bankrupt;  as a result of that hardship, you cannot reasonably meet your payment obligations under the credit contract; and  you believe that you would be able to meet your repayment obligations if the contract was changed. You cannot make an application in circumstances where you are in default of your obligations to make payment under the contract, and in relation to that default:  have been for two or more weeks after receiving a repossession warning notice or notice under section 119 of the Property Law Act 2007;  have failed to make four or more consecutive periodic payments by the due dates; or  have been in default for two or more months. (However, any application can be made once you have remedied the relevant default). A hardship application also cannot be made:  within four months of a previous application, unless ICBC NZ agrees to consider the application in a shorter timeframe, or the grounds for seeking a change to the credit contract are materially different from the grounds given in the previous application; or  where the inability to meet repayment obligations was reasonably foreseeable to you at the time of making the contract. Please refer to our website (xxx.xxxxxx.xxx) for more details on how to make a Hardship Application and what information you will need to provide in support of your application.
Sample 1
UNFORESEEN HARDSHIP. If your SBS Unwind Loan Agreement is a consumer credit contract and you are unable to meet your obligations under your Loan because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, and you reasonably expect that you could meet those obligations if your Loan were changed in the ways prescribed by the Act, you will need to: • make your application in writing; • explain your reason(s) for the application; • request a postponement of the date(s) on which any payment is due under your Loan; and • give the application to us. You should do this as soon as possible. If you leave it for too long, we may not have to consider your application by law (but may choose to do so, at our discretion). If you are unable to pay any fees, charges or other outgoings in relation to your Loan or the Mortgaged Property, including where your Credit Limit is insufficient to capitalise (add) these expenses to your Loan, please contact us to discuss as soon as possible. We may, in our discretion, agree to adjust your Credit Limit to allow for payment of these expenses. If you require assistance with the payment of additional expenses which arise as a result of a Repayment Event such as legal expenses and funeral costs (where you are unable to fund these expenses under your Loan), we may (in our discretion) agree to pay these expenses on your behalf and deduct the total sum from any Protected Equity Amount.
Sample 1
UNFORESEEN HARDSHIP. The Credit Contracts and Consumer Finance Act 2003 gives Borrowers under a consumer credit contract the right to apply for changes to be made to their contract where they have suffered an “unforeseen hardship”. Where the Borrower, in terms of the Credit Contracts and Consumer Finance Act 2003, is unable reasonably, because of illness, injury, loss of employment, the end of a relationship or other reasonable cause, to meet their obligations under this Agreement then the Borrower may apply to the Lender to change this Agreement in one of the manners set out in Section 56 of the Credit Contracts and Consumer Finance Act 2003. The Borrower must reasonably expect to be able to discharge his or her obligations if the terms of this Agreement were changed in that manner. The Borrower may not make such an application if:
Sample 1
UNFORESEEN HARDSHIP. Section 55 of the Credit Contracts and Consumer Finance Act grants you certain rights in the event of unforeseen hardship.
Sample 1

Related to UNFORESEEN HARDSHIP

  • Financial Hardship Must include verification appropriate to the circumstance and must demonstrate a loss of income that has occurred since the cancellation deadline as stated in Section III C. The Licensee must submit a copy of the current academic year financial aid award summary for evaluation. Students must show that they have exhausted all viable options, including taking out student loans before a consideration to cancel is made.

  • Unforeseeable Emergency In the event of a Participant’s Unforeseeable Emergency, such Participant may request an emergency withdrawal from his or her Account. Any such request shall be subject to the approval of the Administrator, which approval shall not be granted to the extent that such need may be relieved (i) through reimbursement or compensation by insurance or otherwise or (ii) by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship). A Participant may withdraw all or a portion of his or her Account due to an Unforeseeable Emergency; provided, however, that the withdrawal shall not exceed the amount reasonably needed to satisfy the need created by the Unforeseeable Emergency.

  • Hardship In the event the Investor sells the Company's Common Stock pursuant to subsection (c) above and the Company fails to perform its obligations as mandated in Section 2.5 and 2.2 (c), and specifically fails to provide the Investor with the shares of Common Stock for the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

  • Unforeseen Circumstances Contractor is not responsible for any delay caused by natural disaster, war, civil disturbance, labor dispute or other cause beyond Contractor's reasonable control, provided Contractor gives written notice to County of the cause of the delay within 10 days of the start of the delay.

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

  • WAIVER IN CASE OF EMERGENCY Section 35.1. In cases of emergency declared by the President of the United States the Governor of the State of Ohio, the Sheriff or Federal or State Legislature or the President of the University, such as acts of God or civil disorder, the following conditions of this Agreement may be temporarily suspended by the Employer:

  • Hardship Leave The Agency will allow employees to make irrevocable donations of accumulated vacation leave to a co-worker who has exhausted accumulated leave while recuperating from an extended illness or injury or attending an immediate family member suffering from illness or injury. Hardship leave donations will be administered under the following stipulations and the terms of this Agreement shall be strictly enforced with no exceptions.

  • SAVINGS/FORCE MAJEURE A Force Majeure occurrence is an event or effect that cannot be reasonably anticipated or controlled and is not due to the negligence or willful misconduct of the affected party. Force Majeure includes, but is not limited to, acts of God, acts of war, acts of public enemies, terrorism, strikes, fires, explosions, actions of the elements, floods, or other similar causes beyond the control of the Contractor or the Commissioner in the performance of the Contract where non- performance, by exercise of reasonable diligence, cannot be prevented. The affected party shall provide the other party with written notice of any Force Majeure occurrence as soon as the delay is known and provide the other party with a written contingency plan to address the Force Majeure occurrence, including, but not limited to, specificity on quantities of materials, tooling, people, and other resources that will need to be redirected to another facility and the process of redirecting them. Furthermore, the affected party shall use its commercially reasonable efforts to resume proper performance within an appropriate period of time. Notwithstanding the foregoing, if the Force Majeure condition continues beyond thirty (30) days, the Parties shall jointly decide on an appropriate course of action that will permit fulfillment of the Parties’ objectives hereunder. The Contractor agrees that in the event of a delay or failure of performance by the Contractor, under the Contract due to a Force Majeure occurrence:

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