Common use of Amortisation Clause in Contracts

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, the Lender shall have the right from time to time, to review and reschedule the repayment terms of the Facility or of the outstanding amount thereof in such manner and to such extent as the Lender may, in its sole discretion, decide. In such event/s, the Borrower shall repay the amounts outstanding under the Facility as per the revised terms as determined by the Lender in its sole discretion and intimated to the Borrower in writing. (vii) The Borrower shall, of his own accord send to the Lender a statement of his income, every year from the date hereof. However, the Lender shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. - (viii) The Borrower hereby agrees, confirms and understands that the Lender is entitled to require the payment, repayment and/or collections of the amounts expressed in the repayment schedule or post dated cheques or other amounts expressed in this Agreement for the purposes of the pay- ment or repayment by means of Electronic Clearing System (debit) or through any other mode of payment, instead of presentment of post dated cheques, /. Provided that, this right of the Lender shall be without prejudice to its other rights in this Agreement including to represent the post dated cheques .

Amortisation. (ia) The Subject to Article 2.2 and 2.3 the Borrower will amortise the Facility Loan 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 hereinafterSchedule. (iib) Where applicableIn addition to (a) above, the Borrower shall also pay to the Lender Bank PEMII every month, until commencement of EMI as stipulated herein below. (iii) All if applicable. The Borrower agrees that the payments, if the Lender so decides, may be collected through post- dated Cheque/s handed over at the office repayment of the Lender towards any payment amount of the Loan together with interest, additional interest and all such other sums due to the Lender and submission of such post-dated cheques shall be deemed to be an unconditional and irrevocable authority given payable by the Borrower to the Lender Bank shall be payable at the place where the branch of the Bank is situated or such other notified by the Bank to present the cheques delivered Borrower by way of PDC and/or SI and/or NACH, details whereof are mentioned in advance, on their respective datesthe Schedule attached hereto. The Lender Borrower agrees that the amount shall be entitled remitted 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 Bank 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 Due Date 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 voidEMI. In the event of any dishonour of any cheque, without prejudice to the other rights of the Lender, PDC/SI/ACH/NACH instruction the Borrower shall be liable agrees to pay to the Lender a dishonour charge as mentioned herein belowin the Schedule attached hereto, or such other amount as in addition to any additional interest that may be stipulated levied by the Lender from time to time Bank in accordance with the Lender’s policy. (iv) In the event of any variation in: 1i) the The date for of payment of EMIs; EMIs or 2ii) the The amount of interest, principal or EMIs; EMIs or 3iii) the number of EMIsThe numbers thereof, the Borrower agrees and undertakes to forthwith issue fresh post dated cheques SI/NACH/ECS instructions to the Lender Bank as may be required by the Lender and the terms of this Clause (C) shall also apply to all such post dated chequesBank. (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. (vic) Notwithstanding anything contained hereinwhat is stated in Article 2.6(a) above and in the Schedule, the Lender Bank shall have the right at any time or from time to time, time to review and reschedule the repayment terms of the Facility Loan or of the outstanding amount thereof in such manner and to such extent as the Lender may, Bank may in its sole discretion, decidediscretion decide or as per RBI guidelines. In such event/s, events the Borrower shall repay the amounts Loan or the outstanding under the Facility amount thereof as per the revised terms schedule as may be determined by the Lender Bank in its sole discretion and communicated to the Borrower by the Bank in writing/ email/ WhatsApp/ SMS. (d) Save and except as provided under sub-article (e) below, for administrative convenience the EMI amount is intended to be kept constant irrespective of variation in the AIR and as a result of this the number of EMIs is liable to vary. No intimation shall be given by the Bank as to the number of EMIs required to be paid by the Borrower upon each AIR application. Provided however, the information as to the applicable/applied AIR during the financial year of the Bank and the number of EMIs payable from the last AIR application during such year shall be intimated by the Bank to the Borrower annually. The Borrower shall pay EMIs until the Loan together with interest is repaid in full. (e) Notwithstanding anything to the contrary contained in this Agreement, having regard to the AIR for the time being, the Bank shall be entitled to increase the EMI amount suitably if: (i) The said EMI would lead to negative amortisation (i.e. EMI not being adequate to cover interest in full), and / or (ii) The principal component contained in the EMI is inadequate to amortise the Loan within such period as determined by the Bank. The Borrower shall be required to pay such increased EMI amount and the number thereof as decided by the Bank and intimated to the Borrower in writingby the Bank. (viif) The Bank may vary its MCLR/EBR or any other benchmark rate from time to time in such manner including as to the Loan amounts as the Bank may deem fit in its own discretion. (g) The Borrower shall, shall of his own accord send to the Lender Bank a statement of his income, income every year from the date hereof. However, the Lender Bank shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. - (viii) The Borrower hereby agrees, confirms and understands that the Lender is entitled to require the payment, repayment and/or collections of the amounts expressed in the repayment schedule or post dated cheques or other amounts expressed in this Agreement for the purposes of the pay- ment or repayment by means of Electronic Clearing System (debit) or through any other mode of payment, instead of presentment of post dated cheques, /. Provided that, this right of the Lender shall be without prejudice to its other rights in this Agreement including to represent the post dated cheques .

Amortisation. (ia) The Subject to Article 2.2 and 2.3 the Borrower will amortise the Facility Loan 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 hereinafterSchedule. (iib) Where applicableIn addition to (a) above, the Borrower shall also pay to the Lender Bank PEMII every month, until commencement of EMI as stipulated herein below. (iii) All if applicable. The Borrower agrees that the payments, if the Lender so decides, may be collected through post- dated Cheque/s handed over at the office repayment of the Lender towards any payment amount of the Loan together with interest, additional interest and all such other sums due to the Lender and submission of such post-dated cheques shall be deemed to be an unconditional and irrevocable authority given payable by the Borrower to the Lender Bank shall be payable at the place where the branch of the Bank is situated or such other notified by the Bank to present the cheques delivered Borrower by way of PDC and/or SI and/or NACH, details whereof are mentioned in advance, on their respective datesthe Schedule attached hereto. The Lender Borrower agrees that the amount shall be entitled remitted 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 Bank 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 Due Date 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 voidEMI. In the event of any dishonour of any cheque, without prejudice to the other rights of the Lender, PDC/SI/ACH/NACH instruction the Borrower shall be liable agrees to pay to the Lender a dishonour charge as mentioned herein belowin the Schedule attached hereto, or such other amount as in addition to any additional interest that may be stipulated levied by the Lender from time to time Bank in accordance with the Lender’s policy. (iv) In the event of any variation in: 1i) the The date for of payment of EMIs; EMIs or 2ii) the The amount of interest, principal or EMIs; EMIs or 3iii) the number of EMIsThe numbers thereof, the Borrower agrees and undertakes to forthwith issue fresh post dated cheques PDCs/SI/NACH instructions to the Lender Bank as may be required by the Lender and the terms of this Clause (C) shall also apply to all such post dated chequesBank. (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. (vic) Notwithstanding anything contained hereinwhat is stated in Article 2.6(a) above and in the Schedule, the Lender Bank shall have the right at any time or from time to time, time to review and reschedule the repayment terms of the Facility Loan or of the outstanding amount thereof in such manner and to such extent as the Lender may, Bank may in its sole discretion, decidediscretion decide or as per RBI guidelines. In such event/s, events the Borrower shall repay the amounts Loan or the outstanding under the Facility amount thereof as per the revised terms schedule as may be determined by the Lender Bank in its sole discretion and communicated to the Borrower by the Bank in writing/ email/ Whatsapp/ SMS. (d) Save and except as provided under sub-article (e) below, for administrative convenience the EMI amount is intended to be kept constant irrespective of variation in the AIR and as a result of this the number of EMIs is liable to vary. No intimation shall be given by the Bank as to the number of EMIs required to be paid by the Borrower upon each AIR application. Provided however, the information as to the applicable/applied AIR during the financial year of the Bank and the number of EMIs payable from the last AIR application during such year shall be intimated by the Bank to the Borrower annually. The Borrower shall pay EMIs until the Loan together with interest is repaid in full. (e) Notwithstanding anything to the contrary contained in this Agreement, having regard to the AIR for the time being, the Bank shall be entitled to increase the EMI amount suitably if: (i) The said EMI would lead to negative amortisation (i.e. EMI not being adequate to cover interest in full), and / or (ii) The principal component contained in the EMI is inadequate to amortise the Loan within such period as determined by the Bank. The Borrower shall be required to pay such increased EMI amount and the number thereof as decided by the Bank and intimated to the Borrower in writingby the Bank. (viif) The Borrower shall, of his own accord send Bank may vary its MCLR/EBR or any other benchmark rate from time to time in such manner including as to the Lender a statement of his income, every year from Loan amounts as the date hereof. However, the Lender shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. - (viii) The Borrower hereby agrees, confirms and understands that the Lender is entitled to require the payment, repayment and/or collections of the amounts expressed Bank may deem fit in the repayment schedule or post dated cheques or other amounts expressed in this Agreement for the purposes of the pay- ment or repayment by means of Electronic Clearing System (debit) or through any other mode of payment, instead of presentment of post dated cheques, /. Provided that, this right of the Lender shall be without prejudice to its other rights in this Agreement including to represent the post dated cheques own discretion.

Amortisation. (i) a. The Borrower will amortise shall repay the Facility Loan and pay the interest that is due from time to time by way of Monthly Installments 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 specified 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 specified by the Lender from time to time (time being the essence of the contract). The Borrower has perused, understood and agreed to Lender's method of calculating the Monthly Installments as also the appropriation thereof into principal and interest. If for any reason the amount finally disbursed by the Lender is less than the Loan amount sanctioned, the Monthly Installments shall stand reduced proportionately but shall be payable on the same dates as specified in accordance with the Schedule. b. The Borrower shall also pay the PMII to the Lender’s policy. c. Borrower agrees that Repayment of the Loan amount together with interest, Additional Interest and all such other charges due and payable by the Borrower to the Lender shall be payable by the Lender at the place where the branch of the Lender is situated or such other place notified by the Lender to the Borrower by any of the following modes: i. Post dated cheques (PDC's) ii. ECS mandate(s)/ NACH (National Automated Clearing House) iii. Deduction from the Borrowers salary(salary debit method) iv) . Demand Draft/Cash v. any other mode/method as may be notified/prescribed by the Lender to the Borrower. The Borrower agrees that the amount shall be remitted to the Lender on or before the Due Date of Monthly Instalment. In the event of any dishonor of PDCs/ECS instructions/any other instrument or instruction as above, the Borrower agrees to pay dishonor charges mentioned in the Schedule together with Taxes, in addition to any additional interest that may be levied by the Lender. In the event of any variation in: 1) in the date for of payment of EMIs; or 2) PMII or the Monthly Installment or the amount of interest, principal or EMIs; or 3) Monthly Installment or PMII or the number of EMIsnumbers thereof, the Borrower agrees and undertakes to forthwith issue and deliver to the Lender fresh post dated cheques PDCs/ ECS/ ACH mandates/other instruments to the Lender as may be required by the Lender Lender. While all necessary steps would be taken by RCFL to ensure safe holding of the PDCs or any other installments and having the terms of this Clause (C) shall also apply same picked up, processed and cleared through agents, courier agencies, correspondent bank(s), the same will be entirely at the Borrower's risk and cost. In the event any PDC or any other instrument issued by the Borrower is lost in transit or misplaced or for any reason RCFL is not able to all such post dated cheques. (v) The put the cheque in clearing, the Borrower agrees to revise the standing instructions give replacement cheque(s) to the bank RCFL immediately upon receipt of a written request from RCFL in which the Borrower has an account, to debit the account of the Borrower every month this regard. d Notwithstanding what is stated in sub-clause above 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 hereinin Schedule hereto, the Lender shall have the right at any time or from time to time, time to review and reschedule the repayment Repayment terms of the Facility Loan or of the outstanding amount thereof in such manner and to such extent as the Lender may, may in its sole discretion, discretion decide. In such event/s, event(s) the Borrower shall repay the amounts Loan or the outstanding under the Facility amount thereof as per the revised terms Schedule as may be determined by the Lender in its sole discretion and intimated communicated to the Borrower by the Lender in writing. (vii) The Borrower shall, of his own accord send to the Lender a statement of his income, every year from the date hereof. However, the Lender shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. - (viii) The Borrower hereby agrees, confirms and understands that the Lender is entitled to require the payment, repayment and/or collections of the amounts expressed in the repayment schedule or post dated cheques or other amounts expressed e Notwithstanding anything contained in this Agreement for the purposes of the pay- ment Agreement, any payment or repayment recoveries when received by means of Electronic Clearing System (debit) or through any other mode of payment, instead of presentment of post dated cheques, /. Provided that, this right of the Lender shall be without prejudice appropriated towards the following heads in the following order of priority viz.: (i) Firstly towards interest on costs, charges, expenses and other monies (ii) then, towards Taxes, costs, charges, expenses and other monies including any refurbishment of Asset prior to sale/transfer under enforcement of Security in terms of this Agreement, preservation and maintenance costs and expenses incurred by the Lender and the Taxes if any on any reimbursements/deemed reimbursements thereof to the Lender; (iii) then, towards Additional Interest , if any; (iv) then, towards interest on the Loan; (v) then, towards Prepayment premium, if any, (v) then, towards Repayment of principal amount of the Loan; (vi) then, towards other Indebtedness of the Borrower to the Lender. Provided that, the Lender may however change the aforesaid sequence in its other rights sole discretion and appropriate any payment in any manner it deems fit. f Any statement of account furnished by the Lender shall be accepted by and be binding on the Borrower and shall be conclusive proof of the amount of Borrower's Indebtedness to the Lender and of correctness of the amounts mentioned therein except for any manifest error therein. g All payments under this Agreement shall be made at such place as may be prescribed by the Lender, without any demur, protest or default and without claiming any set-off or counterclaim or withholding or deduction and all amounts payable under this Agreement shall be so paid by the Borrower as to enable the Lender to realize the monies at par on or before the relevant Due Date. In case of any payment instruments including cheques, the payment shall be deemed to represent have been made by the post dated cheques Borrower only at the point of time the sum is credited and realized fully in Lender's account irrespective of the date of instrument or time of receipt or presentation of instrument. The liability and obligation of the Borrower to make payments hereunder to the Lender shall be absolute and shall not be affected, delayed or limited in any manner whatsoever regardless of any circumstances and disputes, and with time being the essence of the contract. h Any payments and/or reimbursements under or pursuant to this Agreement and the Transaction Documents to the Lender (whether towards Borrower's Dues or any costs, expenses, charges, fees, etc.), shall be made by the Borrower in full without any and free and clear of and without deduction of or withholding for or on account of any Tax of any nature now or hereafter imposed by any country or any subdivision or taxing authority thereof or therein or any federation or organization of which such country is a member. If any such payment/reimbursement shall attract any Tax whether in the hands of the payer or payee or be subject to any Tax, the Borrower shall solely and fully bear and pay any such Tax. Further, in case the Borrower is/shall be required legally to make any deduction or withholding on account of any Taxes, then the Borrower shall ensure that such payment, deduction or withholding will not exceed the minimum legal liability therefor and shall simultaneously pay to Lender such additional amount as may be necessary to enable Lender to receive, after all such payments, deductions and withholdings, a net amount equal to the full amount payable as if no withholding or deductions were made. Further, if the Borrower shall make any such payment, deduction or withholding, the Borrower shall within 30 (thirty) days thereafter, furnish to Lender to Lender's satisfaction, an official receipt or other official documentation evidencing such payment of Taxes or the payment of such deduction or withholding to the authorities.

Amortisation. (ia) The Borrower will amortise the Facility Loan Amount as stipulated in Clause E (iv) of this Appendix 2Schedule A, subject to any other changes in such amortisation as communicated later 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. (iib) Where applicable, the The Borrower shall also pay to the Lender PEMII every month, until commencement of EMI as stipulated herein belowEMI. (iiic) All The Borrower agrees that the payments, if the Lender so decides, may be collected through post- dated Cheque/s handed over at the office repayment of the Lender towards any payment amount of the Facility together with interest, additional interest and all such other sums due to the Lender and submission of such post-dated cheques shall be deemed to be an unconditional and irrevocable authority given payable by the Borrower to the Lender to present the cheques delivered in advance, on their respective dates. The Lender shall be entitled payable at the place where the branch of the Lender is situated or such other place notified by the Lender 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 by any of the chequefollowing ways/s or issue modes: (i) Post dated Cheques ("PDC"); (ii) National Automated Clearing House as notified by RBI ("NACH"); (iii) Direct debit from Borrower's Bank account ("Direct Debit method"); (iv) Deduction from Borrower's salary ("Salary debit method"); (v) NEFT; (vi) RTGS; (vii) In case Borrower does not choose any instruction that may result of the above modes, he shall pay the EMI directly to the Lender on monthly basis; (viii) Standing Instructions (Sl) details whereof are mentioned in the cheque/s being considered null Schedule A attached hereto. The Borrower agrees that the amount shall be remitted to the Lender on the due date of EMI and voidpayment complete only when made by Demand Draft or clear funds received by the Lender. In the event of any dishonour of any cheque, without prejudice to the other rights PDC/SI/NACH/NEFT/RTGS instruction or nonpayment on due date in case of the Lenderdirect payment, the Borrower shall be liable agrees to separately pay to the Lender a amount of installment together with dishonour charge charges as mentioned herein belowin the Schedule A attached hereto, or such other amount as in addition to any additional interest that may be stipulated levied 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 of payment of EMIs; or 2) EMIs or the amount of interestInterest, principal or EMIs; or 3) EMIs or the number of EMIsnumbers thereof, the Borrower agrees and undertakes to forthwith issue fresh post dated cheques PDCs/ NACH/SI/NEFT/RTGS instructions 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 chequesLender. (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. (vid) Notwithstanding anything contained hereinwhat is stated in Article 2.7(a) above and in Schedule A hereinafter, the Lender shall have the right at any time or from time to time, time to review and reschedule the repayment terms of the Facility or of the outstanding amount thereof in such manner and to such extent as the Lender may, may in its sole discretion, discretion decide. In such event/s, s the Borrower shall repay the amounts Loan or the outstanding under the Facility amount thereof as per the revised terms schedule as may be determined by the Lender in its sole discretion and intimated communicated to the Borrower by the Lender in writing. (viie) In case if any amount is prepaid by the Borrower, the same shall be adjusted first towards the incidental charges, Additional Interest, EMI outstanding and balance towards the principal amount of the Facility. (f) The Borrower shall, of his own accord send to the Lender a statement of his income, every year from the date hereof. However, the Lender shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. - (viii) The Borrower hereby agrees, confirms and understands that the Lender is entitled to require the payment, repayment and/or collections of the amounts expressed in the repayment schedule or post dated cheques or other amounts expressed in this Agreement for the purposes of the pay- ment or repayment by means of Electronic Clearing System (debit) or through any other mode of payment, instead of presentment of post dated cheques, /. Provided that, this right of the Lender shall be without prejudice to its other rights in this Agreement including to represent the post dated cheques .