Mogo definition
Examples of Mogo in a sentence
Mogo Auto will not be liable for any loss incurred by the Borrower in terms of the Agreement, save and except where such loss is caused by Mogo Auto’s gross negligence, gross misconduct and/or willful misconduct.
The Borrower is entitled to repay the full outstanding balance on the Loan Facility account at any stage without any penalty on condition that he/she shall notify Mogo Auto at least thirty (30) days in advance of their intention.
The Borrower agrees that no indulgence, assent, express or implied, to any breach by Mogo Auto of any one or more of the provisions of the Agreement shall constitute a waiver, abandonment or novation of any other breach or of any of the rights of Mogo Auto in terms of the Agreement.
If the Borrower is legally compelled to retain or to deduct any type of tax including value added tax, customs duty, excise duty or any type of duty or other statutory charges or costs from any amount payable to Mogo Auto including the debt collection costs, any indemnity, the amounts payable by the Borrower must be increased as such to ensure that Mogo Auto receives the full amount provided for herein.
Notwithstanding the provisions of clause 5.2 of the T&C, Mogo Auto may within its sole discretion, extend the aforesaid Loan Term on such terms and conditions as Mogo Auto may prescribe.