Common use of REVIVAL OF CONTRACT Clause in Contracts

REVIVAL OF CONTRACT. 7.1 In the event of the Lender repossesing the Vehicle(s) the Borrower(s) and Guarantor(s) may request the Lender to revive the contract and apply for redelivery of the Vehicle(s) in as is where is condition and such request MAY be entertained by the Lender as its discretion and upon such terms and conditions as it may think fit and proper in the circumstances and only after collecting the Installment due and delayed payment charges, incidental charges including repossession charge, travel, legal and other expenses etc. Any decision taken by the Lender not to revive the contract shall be final and binding on the Borrower(s) and he here by under takes not to challenge this decision of the Lender in any Court of Law.

REVIVAL OF CONTRACT. 7.1 In the event of the Lender repossesing Bank repossessing the Vehicle(s) vehicle, the Borrower/Co-Borrower(s) and Guarantor(s) may request the Lender Bank to revive the contract and apply for redelivery of the Vehicle(s) in Vehicle/ equipment on an as is and where is condition and such request MAY may be entertained by the Lender as Bank at its discretion and upon such terms and conditions as it may think fit and proper in the circumstances and only after collecting collection the Installment installments due and delayed payment charges, charges incidental charges including repossession charge, travel, legal and other expenses etc. Any Revival of contract is not mandatory and any decision taken by the Lender Bank not to revive the contract shall be final and binding on the Borrower(s) and he here by under takes the Borrower(s) hereby undertake not to challenge this decision of the Lender Bank in any Court of Law.

REVIVAL OF CONTRACT. 7.1 In the event of the Lender repossesing Bank repossessing the Vehicle(s) vehicle, the Borrower/Co- Borrower(s) and Guarantor(s) may request the Lender Bank to revive the contract and apply for redelivery of the Vehicle(s) in Vehicle/ equipment on an as is where is condition and such request MAY may be entertained by the Lender as Bank at its discretion and upon such terms and conditions as it may think fit and proper in the circumstances and only after collecting the Installment installments due and delayed payment charges, incidental charges including repossession charge, travel, legal and other expenses etc. Any Revival of contract is not mandatory and any decision taken by the Lender Bank not to revive the contract shall be final and binding on the Borrower(s) and he here by under takes not to challenge this decision of the Lender in any Court of Law).