The reprimand party hereby represents and warrants that the agreement and the payment plan included there there in it have been developed in a manner in which the reprimand party reasonably believes that it can pay the portion due without further interruption, despite further modification of circumstances. A payment contract is designed for situations in which one party, known as a borrower, owes a sum of money to another party, the lender. In simpler terms, such a document is created when a credit is made. This proposal would cover all important credit information, as agreed by both parties. The debtor represents and warrants that both parties have established a payment plan in this Agreement in order to secure default in a planned manner as defined thereof, without further interruption, without prejudice to additional costs for processing such planning. .