Appropriation of Sale proceeds. RCFL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCFL is not having any other claims against the Borrower.
Appropriation of Sale proceeds. RCFL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCFL is not having any other claims against the borrower. 1 43 2 44 3 45 4 46 5 47 6 48 7 49 8 50 9 51 10 52 11 53 12 54 13 55 14 56 15 57 16 58 17 59 18 60 19 61 20 62 21 63 22 64 23 65 24 66 25 67 26 68 27 69 28 70 29 71 30 72 31 73 32 74 33 75 34 76 35 77 36 78 37 79 38 80 39 81 40 82 41 83 42 84 This Addendum is made on this ____________________ day of ___________ at ________________________________ RELIANCE COMMERCIAL FINANCE LIMITED, a non-banking finance company, within the meaning of the Companies Xxx, 0000, having CIN No. U66010MH2000PLC128301 and having its registered office at Reliance Center, 6th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055, India, (herein referred to as the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the One Part. (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL and the borrower have entered into Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) in respect of the loan availed by the Borrower and RCFL which is more specifically mentioned in the said loan documents.
Appropriation of Sale proceeds. RCL shall have right to recover from the borrower the balance due if any, after sale of asset. Excess amount if any, obtained on sale of asset shall be refunded to the borrower after meeting all the related expenses, provided RCL is not having any other claims against the Borrower. Instalment No. Due Date Instalment Amount (Rs.) Instalment No. Due Date Instalment Amount (Rs.) 1 43 2 44 3 45 4 46 5 47 6 48 7 49 8 50 9 51 10 52 11 53 12 54 13 55 14 56 15 57 16 58 17 59 18 60 19 61 20 62 21 63 22 64 23 65 24 66 25 67 26 68 27 69 28 70 29 71 30 72 31 73 32 74 33 75 34 76 35 77 36 78 37 79 38 80 39 81 40 82 41 83 42 84 Date : Place : ON DEMAND, I/We (*jointly and severally ) promise to pay Reliance Capital Ltd. (“RCL”), or its assigns a sum of Rs. /- (Rupees only) for value received together with interest at the compounding rate of % per annum with rests or such other rates which RCL may specify from time to time. Presentment for payment and noting and protest of the note are hereby unconditionally waived. Rs. /- (Rupees only) The Common Seal of M/s. Ltd was affixed hereunto pursuant to a Resolution passed by the Board of Directors at their meeting held on in the presence of Mr. and Mr. one/two Director/s of the company who has/have affixed his/their/signature/s hereto Signed by the above named OR For Ltd. Revenue Stamp of Rs.1/ - to be affixed. Director / Authorised Signatory OR
1. Revenue Stamp of Rs.1/ - to be affixed.
4. (All partners of the Firm) * include in case of partnership only OR Individual / Proprietor 0xx Xxxxx, X Xxxxx, Xxxxxxxxx Xxxxxx Knowledge City, Koparkhairane, Navi Mumbai 400 710. Dear Sirs, I/We have executed a Demand Promissory Note for Rs. /- (Rupees only) dated duly signed and delivered by me/us to you as security for the repayment by me/us to RCL of any sum now due or which may hereafter be or become due by me/us to RCL by way of loans or advances, notwithstanding the fact that the loans or advances or the account, may from time to time be reduced or extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note and the security shall be a continuing security for any borrowing by us at anytime to RCL. Yours faithfully, Borrower Co-Borrower In case of a Company The Common Seal of Ltd.. has been affixed ] hereunto pursuant to the Resolution of Board of Directors ] dated in the presence of: ]
