Account in Default Sample Clauses

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Account in Default. If FFC has not received payment in full of any and all amounts due from the Client on the execution of the initial storage or continued storage after 60 (sixty) days from the original due date then Client’s account shall be considered in default (the “Default Date”). FFC shall provide written notice to the Client after the Default Date notifying Client that his/her account with FFC is in default. If there is no response by the Client or estate (in the case of death) within thirty (30) days of contact, FFC will send a final notice by certified U.S. Mail to the last mailing address provided by Client, advising Client that he/she will have 30 days from the mailing of that notice to pay the storage fee. FFC shall have the right at is sole discretion to skip trace the client and will charge a fee of $250 for this service. This policy extends to include email or contact information that is returned unopened. Initials: / If your account is in default, then FFC shall have the right to send the account to collections. An additional charge of $1,500 dollars shall be administered to the fee for collections plus all additional fees as charged by the collection agency including but not limited to collection fees and surcharges, court costs, attorney fees, mailings and processing charges. Initials: / The client understands that human reproductive tissues are under the general guidelines of the American Society of Reproductive Medicine (ASRM) which requires storage facilities such as FFC to contact the patient for their authority for final disposition. As result, should the Client not respond, FFC, at its sole discretion, can use any legal remedies to collect outstanding fees including but not limited to court actions, legal representation, small claims court and or collection agency activities. In the event of utilizing any of these options, the Client understands, agrees and authorizes: 1. FFC may, in its sole discretion, refer Client’s account to an attorney or collection agency for collection of any default in payment. Client agrees a $1,500 charge will be assessed for retaining the attorney or collection agency and Client further agrees to pay all costs of the collection, including but not limited to all additional fees charged by the collection agency and/or attorney in the course of its service in settling the account. Initials: / _ 2. Until disposition forms are signed and notarized and the tissues are in default for non-payment, FFC may change yearly fees of $12...
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Account in Default. If at any time, the Company has not received full payment of all amounts due to the Company from the client on or before 30 (thirty) days after the beginning of any storage period, then the Client is in default. In the event of a default, the company may at its sole discretion refer the Client's account to any attorney or collection agency for collection and the Client agrees to pay all costs of such collection, including but not limited to any reasonable fees charged by the collection agency and reasonable attorney fees. The Company may at its sole discretion make one attempt to contact the patient via the address above. If there is no response by the patient or estate (in the case of death), then any and all cryopreserved reproductive materials shall become the property of FCC to be disposed of by FCC or their delegates as solely and unilaterally determined by FCC management. The term "discard or dispose of" means that the Company will thaw and destroy the specimens in a professional and ethical manner as determined solely by the Company. Discarded specimens cannot and will NOT be used for reproductive purposes on or behalf of any person or persons.
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Account in Default. If at any time the Company has not received full payment of all amounts due to the Company from the Client Depositor on or before the 60th day after the beginning of any Storage Period the Client Depositor is in "default". In the event of default, the Company may, in its sole discretion, refer the Client Depositor's account to any attorney or collection agency for collection, and the Client Depositor agrees to pay all costs of such collection, including but not limited to any reasonable fees charged by the collection agency and reasonable attorney's fees. If the Client Depositor is in default, the Company may discard all stored specimens. The term "discard" means that the Company will thaw and discard the specimens in a professional and ethical manner, as determined solely by the Company. Discarded specimens cannot and will not be used for reproductive purposes by or on behalf of any person or persons.
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Related to Account in Default

  • Upon Default Landlord shall have the right to pursue any one or more of the following remedies: (a) Terminate this Lease, in which case Tenant shall immediately surrender the Premises to Landlord. If Tenant fails to surrender the Premises, Landlord, in compliance with Law, may enter upon and take possession of the Premises and remove Tenant, Tenant’s Property and any party occupying the Premises. Tenant shall pay Landlord, on demand, all past due Rent and other losses and damages Landlord suffers as a result of Tenant’s Default, including, without limitation, all Costs of Reletting (defined below) and any deficiency that may arise from reletting or the failure to relet the Premises. “Costs of Reletting” shall include all reasonable costs and expenses incurred by Landlord in reletting or attempting to relet the Premises, including, without limitation, legal fees, brokerage commissions, the cost of alterations and the value of other concessions or allowances granted to a new tenant.

  • Termination; Default We may reduce the Credit Limit or terminate your ability to receive further credit under this Agreement at any time without notice. You may terminate your ability to receive further credit under this Agreement by giving us notice of termination and returning to us all Cards and Credit Devices. Termination by you will be effective on the date we receive written notice from you along with the Cards and Credit Devices (unless they are lost or stolen, in which case you agree to sign an affidavit to that effect and stating that no credit received after the date of loss or theft was authorized by you).

  • Action Upon Default Agent shall not be deemed to have knowledge of any Default or Event of Default, or of any failure to satisfy any conditions in Section 6, unless it has received written notice from a Borrower or Required Lenders specifying the occurrence and nature thereof. If a Lender acquires knowledge of a Default, Event of Default or failure of such conditions, it shall promptly notify Agent and the other Lenders thereof in writing. Each Secured Party agrees that, except as otherwise provided in any Loan Documents or with the written consent of Agent and Required Lenders, it will not take any Enforcement Action, accelerate Obligations (other than Secured Bank Product Obligations) or assert any rights relating to any Collateral.

  • Reservation Default Failure by the Borrower to have reserve for issuance upon conversion of the Note the amount of Common stock as set forth in the Subscription Agreement.

  • No Payment When Senior Debt in Default In the event and during the continuation of any default in the payment of the principal of or any premium or interest on any Senior Debt beyond any applicable grace period with respect to such Senior Debt, or in the event that any event of default with respect to any Senior Debt shall have occurred and be continuing permitting the holders of such Senior Debt (or the trustee on behalf of the holders of such Senior Debt) to declare such Senior Debt due and payable prior to the date on which it would otherwise have become due and payable, unless and until such event of default shall have been cured or waived or shall have ceased to exist and any such declaration and its consequences shall have been rescinded or annulled, or (b) in the event any judicial proceeding shall be pending with respect to any such default in payment or event of default, then no payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities) shall be made by the Company on account of the principal of or any premium or interest on the Securities or on account of the purchase or other acquisition of Securities, provided, however, that nothing in this Section 14.2 shall prevent the satisfaction of any sinking fund payment in accordance with Article XII by delivering and crediting pursuant to Section 12.2 Securities which have been acquired (upon redemption or otherwise) prior to such default in payment or event of default. Subject to Section 14.5, in the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section 14.2, and if such fact shall, at or prior to the time of such payment, have been made known in a writing delivered to a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee by a holder of Senior Debt or the Company or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered to the Company. The provisions of this Section 14.2 shall not apply to any payment with respect to which Section 14.1 would be applicable.