3 9 . DEFAULT. The Plan Administrator will treat a loan as in default if:  any scheduled payment remains unpaid beyond the last day of the calendar quarter following the calendar quarter in which the Participant missed the scheduled payment Upon default, you will have the opportunity to repay the loan, resume current status of the loan by paying any missed payment plus interest o r, if distribution is available under the Plan and investment arrangements, request distribution of the note. If the loan rem ains in default, the Plan Administrator will offset your vested account balances by the outstanding balance of the loan to the ext e nt permitted by law. The Plan Administrator will treat the note as repaid to the extent of any permissible offset. Pending final disposition of the note, you remain obligated for any unpaid principal and accrued interest.