Common use of Amortisation Clause in Contracts

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. (Applicable in case of Loan with fixed rate of Interest) (a) Subject to Article 2.2 of this agreement3, the Borrower will repay amortise the loan Loan as per stipulated in the annexure to Schedule subject, however, that in the Welcome Letter and event of delay or advancement of disbursement for any reason whatsoever, the date of 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 Loan will have been completed and consequently consequently, the due date of payment of first such EMI shall in such case will be fall due for payment on the last 5th day of the said succeeding 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 Bank PRE-EMIBANDHAN BANK, PEMII, every month if applicable. The Borrower shall also make balloon payments towards principal/ interest as applicable. (c) Notwithstanding anything which what is stated in Article 2.7 (a5.2(a) above and in the sanction letter the Bank 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 Loan or of the outstanding amount thereof in such manner and to such extent, extent as the Bank BANDHAN BANK may decide in its sole discretiondiscretion decide. In such event/s event(s) the Borrower shall repay the loan Loan or the outstanding amount thereof as per the revised schedule Schedule as may be determined by Bank BANDHAN BANK in its sole discretion and communicated to the Borrower by the Bank BANDHAN 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. a) Subject to Article 2.2 of this agreement, the Borrower will repay amortize the loan as per stipulated in the annexure to schedule provided however that in the Welcome Letter and event of delay or advancement of disbursement for any reason whatsoever, the date of 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 schedule, 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 BANK may decide in its sole discretiondiscretion 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 Bank in its sole discretion and communicated to the Borrower by the Bank 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, employment trade, business or profession at any time and the Borrower shall furnish such information/documents immediately.