Common use of Notices Clause in Contracts

Notices. 11.1 By concluding the Loan Agreement, the Customer agrees that all relevant notices and other communications can be sent to him/her electronically through the Account, by e-mail or via SMS, or other means of communication agreed to for this purpose. Delivery through the Account includes sending the message to the Customer’s personal e-mail, and/or to the Customer’s message box available upon login to the Account. The notices delivered in the aforementioned manner are considered received on the same date on which they are sent, with the exception of any communications sent by post which shall be considered received five calendar days after they are sent. All SMS messages sent by the Customer must include the exact information and be in the exact wording as required by Ferratum. The content and wordings currently required are published on the Website. Information about the correct content and wording of the SMS messages is also provided over the phone by Ferratum’s customer service, at the number indicated above or in writing at the e-mail address indicated above. In case the requirements change, the Customer shall be notified thereof. 11.2 During the term of this Loan Agreement the Parties shall communicate between themselves in Czech.