Common use of Rescheduling Clause in Contracts

Rescheduling. 9.1. Customers are entitled to request a payment deferral in the form of new installment dates and installment amounts in case of short-term loans or the payable installment amount in case of an installment loan. The request for deferral can be submitted in writing (including via email) or via Customer Care and shall be subject to approval of Novum, which is entitled to reject such application without giving reasons.

Rescheduling. 9.1. If the Bank has provided for rescheduling, Customers are entitled to request a payment deferral in the form of new installment dates and installment amounts in case of short-term loans or the payable installment amount in case of an installment loan. The request for deferral can be submitted in writing (including via email) or via Customer Care and shall be subject to approval of Novum, which is entitled to reject such application without giving reasons.