Examples of Mogo in a sentence
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.
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.
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.
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.
Any payment received by Mogo Auto, in respect of the Loan Facility, including in the event of a default by the Borrower, will go firstly towards costs, thereafter interest and thereafter any outstanding Loan Facility amount.
A certificate signed by an authorized officer of Mogo Auto, shall be sufficient proof, until the contrary is proven, of the amount owed by the Borrower to Mogo Auto in terms of the Loan Facility for the purposes of obtaining any legal relief against the Borrower.
The Borrower warrants that all information which may be submitted to Mogo Auto from time to time is and will be, to his/her knowledge and belief, complete and correct.
Mogo Auto may, at any time before the payment of the Loan (or any part thereof) to or on behalf of the Borrower, withdraw from the Agreement and the Borrower will have no claim against Mogo Auto if Mogo Auto does so.
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.
The full balance due under the Agreement together with any penalty, interest and all other charges and expenses owing to Mogo Auto shall become immediately due and payable to Mogo Auto and without giving notice to the Borrower or affecting any of Mogo Auto’s rights under the Agreement.