Without prejudice to the generality of Clause 5.1, if you apply to become a Member then you accept that Lend & Borrow will undertake credit checks and require other relevant information of you, with which process you agree to fully and honestly co-operate.
In the event of any conflict between these terms and the Member Terms, the Member Terms shall prevail.
These Terms may be translated into other languages but, in the event of any conflict between versions, the English language version shall prevail.
In the event of any claim made against Lend & Borrow, and/or the respective officers, agents, employees and/or affiliates (€śIndemnified Parties€ť) in respect of any breach of any of your obligations under these Terms, you agree to indemnify and hold such indemnified parties harmless against all damages, losses costs and claims thereby incurred.
Governing law - This Terms contained herein shall be governed by and constructed in accordance with the laws of India subject to the exclusive jurisdiction of the courts of Chennai, Tamil Nadu, India.
Dispute Resolution - If any dispute arises between you and Lend & Borrow during your use of our Website or period of Membership thereafter, in connection with the validity, interpretation, implementation or alleged breach of any provision of these Terms, the dispute shall be referred to a sole Arbitrator who shall be an independent and a neutral third party identified by Lend & Borrow. The place of arbitration shall be Chennai. The Arbitration & Conciliation Act, 1996, shall govern the arbitration proceedings. The arbitration proceedings shall be in the English language. You are solely responsible for your interactions with any other Member (even to the extent prohibited hereby) or any Borrower and any disputes that may result from such interactions. Lend & Borrow reserves the right, but has no obligation, to monitor disputes between you and such persons.
Lend & Borrow may assign any of its responsibilities/obligations to any other person without any prior notice at its sole discretion. However, you shall not assign, sub-license or otherwise transfer any of your rights or obligations under these Terms to any other party, unless a written consent is taken from Lend & Borrow.
Waiver - Failure by Lend & Borrow to exercise any right or remedy under these Terms does not constitute a waiver of that right or remedy.
Force Majeure €“ Lend & Borrow is not liable for failure to perform any of its obligations if such failure is as a result of Acts of God (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, invasion, act of foreign enemies, hostilities (regardless of whether war is declared), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalisation, government sanction, blockage, embargo, labour dispute, strike, lockout, robbery, theft of data or any interruption or any failure of electricity or server, system, computer, internet or telephone service.
Interpretation - In this Terms, unless the context otherwise requires references to recitals, clauses and sub-clauses are to recitals, clauses and sub-clauses of this Terms; headings are inserted for ease of reference only and are not to be used to define, interpret or limit any of the provisions of this Terms; references to the singular number shall include references to the plural number and vice versa; words denoting one gender include all genders; any reference in this Terms to a statutory provision includes that provision and any regulation made in pursuance thereof, as from time to time modified or re-enacted, whether before or after the date of this Terms; and any reference to a time limit in this Terms means the time limit set out in the relevant clause or Sub-clause or such other time limit which may be mutually agreed by the parties in writing.
GRIEVANCE OFFICER : In accordance with Information Technology Act 2000 and rules made there under, the name and contact details of the Grievance Officer are as under:
Name: Pasupathy Thyagarajan
LNB Technology Private Limited
6/8, 1st Street, Angamuthu Nagar
Padi, Chennai 600 050
Last Modified On: 11th August 2016