Default Process. If a Student defaults in the payment of rent or other housing charges, the Student may be charged a 5% late fee on the outstanding balance, remain liable for the agreed amount and any other housing charges. In addition, the Student’s University records may be placed on administrative hold.
Default Process. If a resident defaults in the payment of rent or other housing charges, the resident may be charged a 5% late fee on the outstanding balance, remain liable for the agreed amount and other housing charges, and the resident’s University records may be placed on Administrative Hold.
Default Process. The following default process will be followed, should the Borrower be in default:
Default Process. Agents If the appointment of any of the persons mentioned in Clause 39.4 (Service of Process in England) ceases to be effective, the relevant Obligor shall immediately appoint another person in England to accept service of process on its behalf. If an Obligor fails to do so (and such failure continues for a period of not less than fourteen days), the Administrative Agent shall be entitled to appoint such a person by notice to such Obligor. Nothing contained herein shall restrict the right to serve process in any other manner allowed by law. Clause 39.4 (Service of Process in England) and this Clause 39.5 apply to Proceedings in England and elsewhere. AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first before written. SCHEDULE 1 The Companies
