Moneymax shall be permitted to receive Experian Credit Information from Experian and Moneymax shall use the Experian Credit Information, as your authorized representative, only for the End User Permitted Purpose described above.
Other than using the Experian Credit Information as mentioned above, Moneymax shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Experian Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance to CICRA.
The Parties agree to protect and keep confidential the Experian Credit Information both online and offline.
The Experian Credit Information , shared by you, or received on by us from Experian shall be destroyed, purged, erased promptly within 1 (one) Business Day of upon the completion of the End User Permitted Purpose for which the Experian Credit Information report was procured.
The relationship between you and Moneymax shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of Chennai.
Capitalised terms used herein but not defined above shall have the following meanings:
"Business Day" means a day (other than a public holiday) on which banks are open for general business in Mumbai.
"Credit Information Report" means the credit information reports relating to You which shall be generated by Experian by using Experian's tools, algorithms and devices including any other information provided in such credit information report which is construed as "credit information" as defined under the Credit Information Laws, as may be provided at the sole discretion of Experian
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.