Common use of CONTRACTUAL PAYMENTS Clause in Contracts

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Borrower shall make each such Monthly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.3. if any Monthly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then remaining outstanding shall thereupon immediately become due and Mogo Auto shall be entitled to exercise all or any of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto; and 2.1.4. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different rates for different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Auto.

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly weekly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Borrower shall make each such Monthly weekly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions conditions, and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.3. if any Monthly weekly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then there on and the remaining outstanding Loan sum shall thereupon immediately become due and Mogo Auto shall have administration rights over the product which will allow Mogo to restrict usage of and potentially disable the product Should the Borrower default on making payments as scheduled. These administration rights may be reactivated in the event of payment of the total outstanding instalments or sum. Attempt to alter administration rights granted to Mogo on the product shall be entitled to exercise all or any rendered breach of the intellectual property rights of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto; andproduct manufacturer and could void the warranty of the phone product. 2.1.4. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different rates for different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Autocosts incurred by Mogo.

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Borrower shall make each such Monthly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.3. if any Monthly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then remaining outstanding shall thereupon immediately become due and Mogo Auto shall be entitled to exercise all or any of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto; and 2.1.4. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different different rates for different different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Auto.

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Borrower shall make each such Monthly weekly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.3. if any Monthly weekly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then remaining outstanding shall thereupon immediately become due and Mogo Auto shall be entitled to exercise all or any of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto; and 2.1.4. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different rates for different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Auto.

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the said Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Loan principal, application fee and other fees are calculated in US dollars, but the repayment shall be made in KES. In case of Monthly Instalments, Mogo Auto will fix foreign exchange rate between USD and KES fourteen (14) days before the due date and will inform the Borrower about the due amount in KES by text message. In case of weekly payments, Mogo Auto will fix foreign exchange rate between USD and KES five (5) days before the due date and will inform the Borrower about the due amount in KES by text message; 2.1.3. the Borrower shall make each such Monthly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.32.1.4. if any Monthly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then remaining outstanding shall thereupon immediately become due and Mogo Auto shall be entitled to exercise all or any of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto. The Loan amount shall be converted to KES at the date of default according to the Foreign Exchange Rate and become due immediately. Mogo Auto remain the right to recalculate outstanding amount in KES according to current Foreign Exchange Rate; and 2.1.42.1.5. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different different rates for different different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Auto.

CONTRACTUAL PAYMENTS. 2.1. The Borrower hereby COVENANTS with Mogo Auto as follows: 2.1.1. the Borrower will pay the said Loan Facility including the interest and any other charges and costs at the times and in the manner stated in the Agreement being in tenor and total amount payable or by such revised Monthly Instalments or such revised repayment period as Mogo Auto may require until the whole of the Loan Facility amount with interest thereon and all other charges and costs shall be fully paid; 2.1.2. the Loan principal, application fee and other fees are calculated in US dollars, but the repayment shall be made in KES. In case of Monthly Instalments, Mogo Auto will fix foreign exchange rate between USD and KES fourteen (14) days before the due date and will inform the Borrower about the due amount in KES by text message. In case of weekly payments, Mogo Auto will fix foreign exchange rate between USD and KES five (5) days before the due date and will inform the Borrower about the due amount in KES by text message; 2.1.3. the Borrower shall make each such Monthly Instalment punctually on the said respective days so appointed to Mogo Auto (details set out in the Repayment schedule) and shall perform and observe all the covenants, conditions and stipulations herein contained or implied and on the part of the Borrower to be performed and observed; 2.1.32.1.4. if any Monthly Instalment shall not be paid by the Borrower to Mogo Auto on the date due for payment, that total amount of principal sum and interest then remaining outstanding shall thereupon immediately become due and Mogo Auto shall be entitled to exercise all or any of Mogo Auto rights hereby and under the Agreement and the law conferred on Mogo Auto. The Loan amount shall be converted to KES at the date of default according to the Foreign Exchange Rate and become due immediately. Mogo Auto remain the right to recalculate outstanding amount in KES according to current Foreign Exchange Rate; and 2.1.42.1.5. the Borrower shall pay to Mogo Auto after as well as before any judgment, interest at the rate agreed and provided in the Agreement; and such other rate or rates as Mogo Auto shall at its sole discretion from time to time decide with full power to Mogo Auto to charge different rates for different accounts and such interest shall be calculated on daily balances and compounded Monthly Instalments from the date thereof until payment in the usual mode of Mogo Auto.