Common Contracts
1 similar Loan Agreement contracts
ContractLoan Agreement • October 20th, 2024
THE BORROWER ACKNOWLEDGES AND AGREES THAT THE PRODUCT SHALL BE DELIVERED WITH AN APPLICATION WHICH SHALL LOCK THE PRODUCT ON OCCURRENCE OF DELINQUENCY/DELAY IN PAYMENT/NON-CONNECTIVITY TO INTERNET AS PROVIDED BELOW, AND UPON SUCH LOCKING THE USE OF THE PRODUCT SHALL BE DISABLED, AND THE BORROWER WILL NOT BE ABLE TO USE THE PRODUCT, EXCEPT FOR (1) MAKING EMERGENCY CALLS AND RECEIVING OF CALLS (IN CASE OF MOBILES); AND (2) CHANGE INTERNET SETTINGS (IN CASE OF SMART TELEVISION). THE BORROWER ACCEPTS THAT DMI IS ENTITLED TO CONTINUE SUCH PRODUCT LOCKING TILL THE DEFAULT IS CURED TO DMI’S SATISFACTION.
