Common use of Tracking Device Clause in Contracts

Tracking Device. 10.1. During the tenor of the Loan, Mogo reserves the right to install a Tracking Device on the Asset, which ensures tracking of the location of the Asset and may provide data on the driving habits and other data related to the use of the Asset. 10.2. Any tampering with the Tracking Device by the Borrower or any other party shall, at the sole discretion of Mogo, be considered as an Event of Default. 10.3. Immediately upon Mogo's request, the Borrower shall ensure that Mogo or any third party authorized by Mogo shall be granted access to the Asset for checking the Tracking Device, repair or replace it. If the Borrower fails to cooperate, Mogo shall commence repossession procedures of the Asset, within twenty-four (24) hours from the time of notification by Mogo to the Borrower.