Common use of Consequences of a Default Clause in Contracts

Consequences of a Default. If a Default occurs we can, if we wish, and subject to applicable law, do any one or more of the following, in any order that we want: Demand Payment – demand that you immediately pay the Outstanding Amount. Xxx You – with court permission, take action in court to make you pay the Outstanding Amount or make you keep your Promises.

Consequences of a Default. If a Default occurs we can, if we wish, and subject to applicable law, do any one or more of the following, in any order that we want: Demand Payment – demand that you immediately pay the Outstanding Amount. Xxx You – with court permission, take action in court to make you pay the Outstanding Amount or make you keep your Promises.