Common use of ALTERATION AND RE-SCHEDULING OF EMI Clause in Contracts

ALTERATION AND RE-SCHEDULING OF EMI. If the entire amount of the Loan is not fully drawn by the Borrower within a period of 36 months from the Effective Date, EMIs shall be altered and rescheduled in such manner and to such extent as the Bank may, in its sole discretion, decide and the repayment shall thereupon be made as per the said alteration and re-scheduling notwithstanding anything stated in this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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ALTERATION AND RE-SCHEDULING OF EMI. If the entire amount of the Loan is not fully drawn by the Borrower within a period of 36 months from the Effective Date, EMIs shall be altered and rescheduled re-scheduled in such manner and to such extent as the Bank Lender may, in its sole discretion, decide and the repayment shall thereupon be made as per the said alteration and re-scheduling notwithstanding anything stated in this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, www.reliancemoney.co.in

ALTERATION AND RE-SCHEDULING OF EMI. If the entire amount of the Loan is not fully drawn by the Borrower within a period of 36 months from the Effective Date, EMIs shall be altered and rescheduled re- scheduled in such manner and to such extent as the Bank Lender may, in its sole discretion, decide and the repayment Repayment shall thereupon be made as per the said alteration and re-scheduling notwithstanding anything stated in this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

ALTERATION AND RE-SCHEDULING OF EMI. If the entire amount of the Loan is not fully drawn by the Borrower within a period of 36 months from the Effective Date, EMIs shall be altered and rescheduled in such manner and to such extent as the Bank Lender may, in its sole discretion, decide and the repayment Repayment shall thereupon be made as per the said alteration and re-scheduling notwithstanding anything stated in this Agreement. However, the altered EMI shall be payable on the same date as stated in the Schedule attached hereto for the purpose of Repayment.

Appears in 1 contract

Samples: Loan Agreement

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ALTERATION AND RE-SCHEDULING OF EMI. If the entire amount of the Loan Facility is not fully drawn by the Borrower within a period of 36 24 months from the Effective Date, EMIs shall be altered and rescheduled re-scheduled in such manner and to such extent as the Bank may, in its sole discretion, decide and the repayment shall thereupon be made as per the said alteration and re-scheduling notwithstanding anything stated in this Agreement.

Appears in 1 contract

Samples: Facility Agreement

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