WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. If you do not pay an amount when it is due, we may charge you interest at the Default Interest Rate. Additionally, there could be very serious consequences for you and (if different) the Nominated Borrowers if you do not meet your commitments under this Agreement and this becomes a Continuing Default under clause 7.4 of the General Terms.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement