Common use of Installment Payment Clause in Contracts

Installment Payment. If Sunrise and the customer have concluded an installment payment agreement, the num- ber and amount of the monthly installments and any initial payment shall be specified in the purchase and installment payment agree- ment. The monthly installments will be char- ged to the bill for the mobile phone contract. The payment terms are governed by section 6 GTC. The installment payment is interest- and charge-free. The financed device is the property of the customer. Theft, loss, surrender or transfer of ownership of the device shall not release the customer from the obligation to fulfill the in- stallment payment agreement or from paying the installments.