Common use of BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES Clause in Contracts

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender Company under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender Company deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender BHFL deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender BHFL is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, Further BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender Company under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender Company deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender BHFL deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender BHFL is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, Property on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, Further BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: •  Accelerate the repayment of the Outstanding Dues including the Loan. •  Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. •  Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. •  Exercise such other rights and remedies as may be available to the Lender under applicable law during the pendency of the Loan. •  Stipulate such other condition/s or take such other action/s as the Lender deems fit; •  Revise the applicable Interest Rate; and/or •  Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. •  At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. •  Take possession of the Property, if any, Property on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become becogme payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender Company under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender Company deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender BHFL deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender BHFL is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender Company under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender Company deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender BHFL deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender BHFL is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.

BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUES. On occurrence of any event of default as mentioned in the Loan Agreement and other Loan Documents (“Event of Default”), all outstanding amounts owed by the Borrower to BHFL shall become payable forthwith and BHFL reserves the right to undertake such necessary processes/measures to enforce its rights under the Loan Agreement and other Loan Documents including but not limited to charging Default Interest for the delayed payment, recovery of over dues. Further, in case of a secured loan, Further BHFL will be entitled to enforce the Security in accordance with the remedies available under the Law. BHFL also reserves the right to: • Accelerate the repayment of the Outstanding Dues including the Loan. • Place the Loan on demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable immediately. • Charge default Interest at the Penal Interest Rate and any other applicable penal charges including Bounce Charges. • Exercise such other rights and remedies as may be available to the Lender under applicable law during the pendency of the Loan. • Stipulate such other condition/s or take such other action/s as the Lender deems fit; • Revise the applicable Interest Rate; and/or • Has the right to disclose all the loan account details of the Borrower to RBI, NHB, stock exchange, Information Utility, auditors, CIBIL and other information bureaus and any other Statutory/Regulatory authority and/or any other agency authorised in this behalf pursuant to any legal/regulatory requirements. • At its sole discretion, publish the name, address, photograph, Security details (if applicable) and such other information of the Borrower as the Lender deems fit, in electronic, print and social media, and that such publication shall also include the fact of such Event of Default; and the Borrower agrees that the Lender is not responsible or liable for any harm and/ or damage caused to the Borrower, whether monetary or otherwise, because of the publication of such information. • Take possession of the Property, if any, Property on which Security is so created whether by itself or through any of the recovery agents or attorneys as may be appointed by the Lender.