Amortisation. (i) The Borrower will amortise the Facility as stipulated in Clause E (iv) of this Appendix 2, subject to any other changes in such amortisation as communicated in writing to the Borrower. However, in the event of delay or advancement for any reason whatsoever, in the disbursement of the Facility, the Due Date of payment of the first EMI shall, in such case, be the day of the following month corresponding to the day currently stated in the Schedule 1 hereinafter.
(ii) Where applicable, the Borrower shall also pay to the Lender PEMII every month, until commencement of EMI as stipulated herein below.
(iii) All the payments, if the Lender so decides, may be collected through post- dated Cheque/s handed over at the office of the Lender towards any payment due to the Lender and submission of such post-dated cheques shall be deemed to be an unconditional and irrevocable authority given by the Borrower to the Lender to present the cheques delivered in advance, on their respective dates. The Lender shall be entitled to present the said post dated cheques for payment on or after their respective due dates and the Borrower agrees and undertakes that i) the Borrower shall ensure that each of the cheques are honoured on the first presentations and ii) the Borrower shall not in any event and under any circumstance instruct the Lender not to deposit the said cheque/s or any of them or stop payment of any of the cheque/s or issue any instruction that may result in the cheque/s being considered null and void. In the event of dishonour of any cheque, without prejudice to the other rights of the Lender, the Borrower shall be liable to pay to the Lender a dishonour charge as mentioned herein below, or such other amount as may be stipulated by the Lender from time to time in accordance with the Lender’s policy.
(iv) In the event of any variation in:
1) the date for payment of EMIs; or
2) the amount of interest, principal or EMIs; or
3) the number of EMIs, the Borrower agrees and undertakes to forthwith issue fresh post dated cheques to the Lender as may be required by the Lender and the terms of this Clause (C) shall also apply to all such post dated cheques.
(v) The Borrower agrees to revise the standing instructions to the bank in which the Borrower has an account, to debit the account of the Borrower every month and credit such amount to the account of the Lender, for the value of the EMI due as per the terms set out below.
(vi) Notwithstanding anything contained herein, t...
Amortisation a) Subject to Article 2.2 of this agreement, the Borrower will repay the loan as per the annexure to the Welcome Letter and the commencement of EMI shall be as mentioned under the sanction letter first day of the month succeeding the month in which the disbursement of the loan has been completed and consequently the due date of payment of first EMI shall in such case will be the last day of the said succeeding month.
b) In addition to (a) above, the Borrower shall pay to Bank PRE-EMI, if applicable.
c) Notwithstanding anything which is stated in Article 2.7 (a) above and in the sanction letter the Bank shall have the right at any time or from time to time to review and reschedule the repayment terms of the loan or of the outstanding amount thereof in such manner and to such extent, as the Bank may decide in its sole discretion. In such event/s the Borrower shall repay the loan or the outstanding amount thereof as per the revised schedule as may be determined by Bank in its sole discretion and communicated to the Borrower by the Bank in writing.
d) The Borrower shall, of his own accord, furnish to Bank a statement of his annual income, every year from the date mentioned first thereof. However, Bank shall have the right to require the Borrower to furnish such information/documents in relation to his income and/or concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately.
Amortisation. For the avoidance of doubt, nothing in this clause 6 shall prevent the Investor exercising any rights with regard to conversion of any Convertible Securities pursuant to any other provision in this Agreement, including without limitation clause 5.3.
Amortisation. (a) The Loan/Facility (or any part thereof) may be disbursed by the Lender/Bank upon receiving a drawdown request from the Borrower. The entire Loan/Facility should be availed of within the number of months, from the date of loan sanction, as specified in the Schedule (Availability Period). The Borrower’s right to make drawls shall expire at the end of theAvailability Period (“Drawdown End Date”). However, the Loan/Facility Sanction may be kept open at the sole discretion of the Lender/Bank for an additional period of such number of days beyond the Availability Period as the Bank/Lender may deem fit. If the Loan/Facility is not drawn completely by the Borrower within the Availability Period, then the Bank shall be entitled to impose penalty, if any , as mentioned in the Sanction Letter. The mode and manner of Disbursement is left to the sole discretion of the Lender/Bank.
(b) Subject to Article
Amortisation. (Applicable in case of Loan with Variable rate of Interest)
(a) Subject to Article 3, and the provision for variation in interest rates, etc. contained in this Agreement, the Borrower will amortise the Loan as stipulated in the Schedule subject however that in the event of delay or advancement of disbursement for any reason whatsoever, the date of commencement of EMI shall be the first day of the month succeeding the month in which the disbursement of the Loan will have been completed and consequently, the first such EMI shall fall due for payment in the 5th day of the month following the month in which the EMI has commenced and subsequent EMls shall be payable by the 5th day of each subsequent month.
(b) In addition to (a) above, the Borrower shall pay to BANDHAN BANK, PEMII, every month if applicable. PEMII shall fall due for payment by 5th day of the month for the preceding month on the amount disbursed till the commencement of EMI. The Borrower shall also make balloon payments towards principal/ interest as applicable.
(c) Notwithstanding what is stated in Article 5.3(a) above and the Schedule, BANDHAN BANK shall have the right at any time or from time to time to review and reschedule the repayment terms of the Loan or of the outstanding amount thereof in such manner and to such extent as BANDHAN BANK may in its sole discretion decide. In such event/s the Borrower shall repay the Loan or the outstanding amount thereof as per the revised Schedule as may be determined by BANDHAN BANK in its sole discretion and communicated to the Borrower by BANDHAN BANK in writing.
(d) Save and except as provided under sub-article
Amortisation. Starting on the first Payment Date falling after the first anniversary of the Utilisation Date and on each Payment Date thereafter, the Borrowers shall make quarterly repayments of principal equal to or greater than 0.375% of the Original Loan Amount, provided that:
(i) the payments made on any of the first four Payment Dates may be less than 0.375% of the Original Loan Amount if the total of the payments made on the first four Payment Dates is equal to or greater than 1.5% of the Original Loan Amount;
(ii) after the first four Payment Dates a quarterly payment of less than 0.375% of the Original Loan Amount shall not be a breach of this clause if such payment when combined with the three preceding quarterly payments is equal to or greater than 1.5% of the Original Loan Amount;
(iii) the Borrowers shall notify the Agent at least five Business Days before each Payment Date of the amortisation payment it wishes to pay (and failing such notification the Borrowers shall be deemed to have elected to make a payment of 0.375% of the Original Loan Amount); and
(iv) the amortisation in any year preceding the date falling 30 months from the the date upon which the Advance is made shall not exceed 2% unless the Agent agrees otherwise in writing.
Amortisation. (a) Subject to Article 2.2 the Borrower will amortise the loan as stipulated in the Schedule.
(b) In addition to (a) above, the Borrower shall repay the loan with interest for which Borrower has three options. Option ' A' Twelve months moratorium. Recovery in 228 monthly instalments. First year interest compounded monthly, will be added to the loan amount and will also be recovered in 228 monthly instalments. Option `B’ No moratorium. Recovery in 240 monthly instalments. Option ‘C’ moratorium period and recovery in 40 quarterly instalments
Amortisation. (a) Terms of repayment………months.
(b) The Borrower shall have the option for one year moratorium in respect of repayment of loan,. ,including interest under Option 'A' and without Moratorium under Option ‘B'. Option A Option B Option Tick make option
Amortisation. The Loan shall be completely repaid by the rower not later than January 21, 2006, by moans of semiannual, consecutive,· and as for as possi8le, equal installments, the first of which shall be paid six months after the date of tho final disbursement of the Financing, as defined in Section 4.03 and alwEys ttking into account the provisions of Arti cle 3:01 of the Generul Conditions. Not later than three months after the date of the final disbursement, the Bank shall deliver to the Borrower an amortisation schedule, setting forth the amount and dste for P,ay�ont of each install�ent and the currency or currencies to be utilised therein in accordance with Ar�icla 3.D4(c) of tho ronernl Conditions.
