22. VERIFICATION
The BORROWER expresses consent, agrees and acknowledges that the LENDER may conduct
verification of the BORROWER'S data in any form even after execution of this Agreement and,
based on results of such verification and subject to the LENDER'S
absolute and sole discretion,
the LENDER may prior to disbursement of the Loan do the following always subject to applicable
local laws: (i) reject the Loan application; (ii) terminate the Agreement; (iii)
reduce the Loan
amount for disbursement.
23. SEVERABILITY
If any one or more of the provisions of this Agreement are declared invalid, illegal or
unenforceable in any respect
under the applicable law, the validity, legality or enforceability of
the remaining provisions contained herein shall not in any way be affected or impaired.
24. GOVERNING LAW
This Agreement shall be governed by and construed in all respects
according to the laws of the
Philippines.
25. EXECUTION
The Loan disbursement to the BORROWER’S account shall be deemed to be the Loan amount
acceptance. The BORROWER hereby agrees to all the terms and conditions of the loan
agreement. Such acceptance of the loan amount shall be tantamount
to the consent of the
BORROWER to be bound by the terms and conditions of the loan agreement.
26. ELECTRONIC SIGNATURE
The LENDER is hereby authorized to rely upon and accept as an original any document or other
communication which is sent to the LENDER by facsimile, telegraphic
or other electronic
transmission, which the LENDER believes in good faith has been signed by the BORROWER
and has been delivered to the LENDER. The signatures to this Agreement shall be as valid as an
original signature of such party or parties and shall be effective to bind the other party or parties
to this Agreement.
IN WITNESS WHEREOF, the parties have caused this instrument to be
executed on the date and in place first above-written.
Signed By
Irish Grace Banaag Dubrico
Signed By
ROYAL YOHOO LENDING INVESTORS
CORP.
Electronic Code
BORROWER
LENDER
