Common use of BANK’S RIGHTS Clause in Contracts

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Loan: a) have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b) have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest Rate (including the Default Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) have the right to enter the Property, inspect books of accounts and other records maintained by the Borrower; g) have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) have the right to obtain refinance against the Loan as it may consider appropriate; i) be entitled to disclose any information about the Borrower, his account relationship with the Bank and/or any default committed by him(whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Loan and/or the Borrower from any third party; and j) be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his employer on account of his such cessation of employment and to receive and appropriate the same towards the Borrower's liability under the Loan.

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Personal Power Loan: a(i) have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b(ii) have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest interest Rate (including the Default Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c(iii) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property that may have been provided as security and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) have the right to enter the Property, inspect books of accounts and other records maintained by the Borrower; g) have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) have the right to obtain refinance against the Loan as it may consider appropriate; i(iv) be entitled to disclose any information about the Borrower, his his/her account relationship with the Bank and/or any default committed by him(whether him (whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency, credit rating agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Personal Power Loan and/or the Borrower from any third party; and j(v) be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his his/her employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his his/her employer on account of his his/her such cessation of employment and to receive and appropriate the same towards the Borrower's liability under the Personal Power Loan.

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Personal Power Loan: a(i) have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b(ii) have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest interest Rate (including the Default Penal Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c(iii) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property that may have been provided as security and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) have the right to enter the Property, inspect books of accounts and other records maintained by the Borrower; g) have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) have the right to obtain refinance against the Loan as it may consider appropriate; i(iv) be entitled to disclose any information about the Borrower, his his/her account relationship with the Bank and/or any default committed by him(whether him (whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency, credit rating agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Personal Power Loan and/or the Borrower from any third party; and j(v) be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his his/her employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his his/her employer on account of his his/her such cessation of employment and to receive and appropriate the same towards the Borrower's liability under the Personal Power Loan.

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Loan: a) a. have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b) b. have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest Rate (including the Default Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c) c. have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) d. have the right to enter the Property, inspect and supervise it (including the stage and accounts of construction) and also inspect books of accounts and other records maintained by the Borrower; g) e. have a right, at Xxxxxxxx's cost, to insure the Property or take any measure for the upkeepment and preservation of the Property; f. have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) g. have the right to obtain refinance against the Loan as it may consider appropriate; i) h. be entitled to disclose any information about the Borrower, his account relationship with the Bank and/or any default committed by him(whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Loan and/or the Borrower from any third party; and j) i. be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his employer on account of his such cessation of employment and to receive and appropriate the same towards the BorrowerXxxxxxxx's liability under the Loan.

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Personal Power Loan: a(i) have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b(ii) have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest interest Rate (including the Default Interest RatePenal Charge), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c(iii) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property that may have been provided as security and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) have the right to enter the Property, inspect books of accounts and other records maintained by the Borrower; g) have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) have the right to obtain refinance against the Loan as it may consider appropriate; i(iv) be entitled to disclose any information about the Borrower, his his/her account relationship with the Bank and/or any default committed by him(whether him (whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency, credit rating agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Loan term loan and/or the Borrower from any third party; and j(v) be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his his/her employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his his/her employer on account of his his/her such cessation of employment and to receive and appropriate the same towards the Borrower's liability under the Personal Power Loan.

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Loan: a) have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or o r of any other amounts outstanding there under and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b) have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest Rate (including the Default Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower Vehicle towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew enter upon the premises in which the Vehicle is kept or reduce or enhance wherever the limit or altogether withdraw Vehicle is available for the facility on the terms and conditions appearing herein from time to timepurpose of inspecting, examining e) have and repossessing the right to receive and adjust same. In the event of any payment/s that it may receive as an assignee resistance or prevention of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable access either by the Borrower under this Agreementor any other person, the representative of the Bank shall be entitled to break open the lock or the door of the premises where the Vehicle is situated and enter the premises for th e purpose herein stated; f) have the right to enter the Property, inspect books of accounts and other records maintained by the Borrower; g) have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) have the right to obtain refinance against the Loan as it may consider appropriate; i) be entitled to disclose any information about the Borrower, his account relationship with the Bank and/or md/or any default committed by him(whether him (whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Loan and/or the Borrower from any third party; and jg) be entitled to require the co- Borrower, in the event of the co-Borrower opting to resign or retire from the employment prior to the age of of h) superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the co-Borrower from his employer on account of his such cessation of employment and to receive and appropriate the same towards the Borrower's co-Borrower‟s liability under the Loan. i) have a lien and right of set-off on all moneys belonging to the Borrower standing to their credit in any account whatsoever with the Bank

BANK’S RIGHTS. 8.1 The Bank shall, in relation to the Home Loan: a) a. have the sole right at any time during the tenure of this Agreement to revise/reschedule the repayment terms/ amount of EMI or of any other amounts outstanding there under thereunder and the Borrower shall make all future repayments to the Bank according to such revised schedule on being notified by the Bank of such revision or reschedulement; b) b. have the sole right to amend any of the terms and conditions of this Agreement including but not limited to revision of Interest interest Rate (including the Default Interest Rate), periodicity of compounding interest, method of effecting credit of the repayments without assigning any reason or notifying the Borrower and the Borrower agree that such revision shall become applicable from date of such revision in the records of the Bank; c) c. have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; d) have the right to renew or reduce or enhance the limit or altogether withdraw the facility on the terms and conditions appearing herein from time to time e) have the right to receive and adjust any payment/s that it may receive as an assignee of the insurance in relation to the Property and on the life of the Borrower towards amounts due and/or payable by the Borrower under this Agreement; f) d. have the right to enter the Property, inspect and supervise it (including the stage and accounts of construction) and also inspect books of accounts and other records maintained by the Borrower; g) e. have a right, at Xxxxxxxx's cost, to insure the Property or take any measure for the upkeepment and preservation of the Property; f. have the right to create a charge or mortgage over the Property as security in its own favour or in favour of any third party; h) g. have the right to obtain refinance against the Home Loan as it may consider appropriate; i) h. be entitled to disclose any information about the Borrower, his account relationship with the Bank and/or any default committed by him(whether him (whether such information is provided by the Borrower or obtained by the Bank itself and whether in form of repayment conduct, rating or defaults) to its head office, other branch offices, affiliated entities, Reserve Bank of India, any Refinancing refinancing agency, credit rating agency and such third parties as the Bank may in its sole and exclusive discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as it deems fit in connection with the Home Loan and/or the Borrower from any third party; and j) i. be entitled to require the Borrower, in the event of the Borrower opting to resign or retire from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever, to instruct his employer to remit the entire dues (including provident fund, gratuity and compensation) becoming payable by the Borrower from his employer on account of his such cessation of employment and to receive and appropriate the same towards the BorrowerXxxxxxxx's liability under the Home Loan.