VERIFICATION AND AUTHORIZATION TO OBTAIN CREDIT REPORT Sample Clauses

The 'Verification and Authorization to Obtain Credit Report' clause grants permission for a party, typically a lender or landlord, to access and review an individual's credit report as part of an application or ongoing relationship. This clause usually requires the applicant to provide explicit consent, allowing the authorized party to verify creditworthiness, payment history, and other relevant financial information through a credit bureau. Its core function is to enable informed decision-making regarding credit, tenancy, or other financial agreements by ensuring the party can assess the applicant's financial reliability and manage associated risks.
VERIFICATION AND AUTHORIZATION TO OBTAIN CREDIT REPORT. 4.1. On successful completion of execution of this agreement, the lenders are subject to verification. Verification process includes physical verification to check on correctness of data provided for online registration by the lender with the proofs. Lender should provide the following list of documents at the time of physical verification by ▇▇▇▇▇ ▇▇▇▇▇ POCKET team 4.1.1. Identify Proof: PAN card, Passport, Driving License, Ration card or such other document which are issued by government agency. 4.1.2. Address Proofs: Passport, Driving License, Ration Card or such other document which are issued by any government agency. 4.1.3. Additional Proofs: Contact details And such other information / documents as required by ▇▇▇▇▇ ▇▇▇▇▇ POCKET. The exhaustive list can be seen on the website and also will be communicated through e-mail 4.2. Lender hereby authorise ▇▇▇▇▇ ▇▇▇▇▇ POCKET to obtain credit report from Credit Information Bureau (India) Limited or such other organisation which provide such facilities not only for the first time on registration but at any time during his association with ▇▇▇▇▇ ▇▇▇▇▇ POCKET. The credit report shall be used for any purpose that is authorized by applicable law. 4.3. ▇▇▇▇▇ ▇▇▇▇▇ POCKET has the right to reject any lender application if any information provided by lender is inaccurate or incorrect 4.4. If any changes occur in the personal information provided after posting a listing, lender must either a) Promptly notify ▇▇▇▇▇ ▇▇▇▇▇ POCKET of the change, or b) Withdraw the listing. In the event of not notifying, ▇▇▇▇▇ ▇▇▇▇▇ POCKET at its sole discretion may take necessary action including removing the listing.
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VERIFICATION AND AUTHORIZATION TO OBTAIN CREDIT REPORT. 4.1. On successful completion of execution of this agreement, the lenders are subject to verification. Verification process includes physical verification to check on correctness of data provided for online registration by the lender with the proofs. Lender should provide the following list of documents at the time of physical verification by Sudha Pocket team 4.1.1. Identify Proof: PAN card, Passport, Driving License, Ration card or such other document which are issued by government agency. 4.1.2. Address Proofs: Passport, Driving License, Ration Card or such other document which are issued by any government agency. 4.1.3. Additional Proofs: Contact details And such other information / documents as required by Sudha Pocket. The exhaustive list can be seen on the website and also will be communicated through e-mail 4.2. Lender hereby authorise Sudha Pocket to obtain credit report from Credit Information Bureau (India) Limited or such other organisation which provide such facilities not only for the first time on registration but at any time during his association with Sudha Pocket. The credit report shall be used for any purpose that is authorized by applicable law. 4.3. Sudha Pocket has the right to reject any lender application if any information provided by lender is inaccurate or incorrect 4.4. If any changes occur in the personal information provided after posting a listing, lender must either a) Promptly notify Sudha Pocket of the change, or b) Withdraw the listing. In the event of not notifying, Sudha Pocket at its sole discretion may take necessary action including removing the listing.
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VERIFICATION AND AUTHORIZATION TO OBTAIN CREDIT REPORT. 1. RupeeCircle’s in-house risk assessment team will verify the information provided by the Lender and upon successful verification, activate the account. 2. The Parties agree that RupeeCircle has the right to revoke the account, in the event any information provided by the Lender is inaccurate or incorrect. 3. In the event of any changes in the information provided by the Lender, the Lender shall promptly notify RupeeCircle of the change, failing which, RupeeCircle, may, at its sole discretion take necessary action including revoking the Lender’s account. 4. ▇▇▇▇▇▇ ▇▇▇▇▇▇ agrees that documents sought by RupeeCircle at the time of registration or anytime thereafter become part of the official record of RupeeCircle and will not be returned. However, on closure of the user account RupeeCircle will ensure that the same is destroyed. 5. The Lender shall provide all the details pertaining to the Nominee such as the relationship with the nominee(s) / legal heir(s) with the Lender, their address etc. In the event of death of the Lender, the ownership of his account will be transferred to the Nominee.
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Related to VERIFICATION AND AUTHORIZATION TO OBTAIN CREDIT REPORT

  • Organization and Authorization The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments (including, without limitations, the Registration Rights Agreement), on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

  • Card Information Updates and Authorizations If you have authorized a merchant to ▇▇▇▇ charges to your card on a recurring basis, it is your responsibility to notify the merchant in the event your card is replaced, your card information (such as card number and expiration date) changes, or the account associated with your card is closed. However, if your card is replaced or card information changes, you authorize us, without obligation on our part, to provide the updated card information to the merchant in order to permit the merchant to ▇▇▇▇ recurring charges to the card. You authorize us to apply such recurring charges to the card until you notify us that you have revoked authorization for the charges to your card.

  • Authorization and Authority Each Lender hereby irrevocably appoints Citibank, N.A. to act on its behalf as the Agent hereunder and under the Notes and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agent and the Lenders, and the Borrowers shall have no rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

  • Due Organization and Authorization Borrower and each Subsidiary is duly existing and in good standing in its state of formation and qualified and licensed to do business in, and in good standing in, any state in which the conduct of its business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to cause a Material Adverse Change. In connection with this Agreement, the Borrower delivered to the Bank a certificate signed by the Borrower and entitled "Perfection Certificate". The Borrower represents and warrants to the Bank that: (a) the Borrower's exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; and (b) the Borrower is an organization of the type, and is organized in the jurisdiction, set forth in the Perfection Certificate; and (c) the Perfection Certificate accurately sets forth the Borrower's organizational identification number or accurately states that the Borrower has none; and (d) the Perfection Certificate accurately sets forth the Borrower's place of business, or, if more than one, its chief executive office as well as the Borrower's mailing address if different, and (e) all other information set forth on the Perfection Certificate pertaining to the Borrower is accurate and complete. If the Borrower does not now have an organizational identification number, but later obtains one, Borrower shall forthwith notify the Bank of such organizational identification number. The execution, delivery and performance of the Loan Documents have been duly authorized, and do not conflict with Borrower's organizational documents, nor constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which or by which it is bound in which the default could reasonably be expected to cause a Material Adverse Change.

  • Appointment and Authorization Each Lender hereby designates and appoints Bank as its Agent under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes the Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto. The Agent agrees to act as such on the express conditions contained in this Article XIII. The provisions of this Article XIII (other than Sections 13.9, 13.11(a), 13.11(b) and 13.15(c)) are solely for the benefit of the Agent and the Lenders, and the Borrowers shall have no rights as third party beneficiaries of any of the provisions contained herein. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document, the Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor shall the Agent have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Agreement with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. Except as expressly otherwise provided in this Agreement, the Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions which the Agent is expressly entitled to take or assert under this Agreement and the other Loan Documents, including (a) the determination of the applicability of ineligibility criteria with respect to the calculation of the U.S. Borrowing Base or the Canadian Borrowing Base, as applicable, (b) the making of Agent Advances pursuant to Section 2.2(b), and (c) the exercise of remedies pursuant to Section 10.2, and any action so taken or not taken shall be deemed consented to by the Lenders.