Common use of Charges, Cost , Taxes etc Clause in Contracts

Charges, Cost , Taxes etc. a) The Borrower irrevocably undertakes to pay forthwith on demand to the Bank all taxes, expenses, duties, charges, fees etc. (including , interest tax, stamp duties and any penalty relating thereto, legal cost) and any other charges whatsoever payable in following circumstances : i) Any demand or order passed by Central or State Government or any competent authority; ii) For investigation of title to the Security, preparation, execution, registration of the Overdraft Facility/Security documents; iii) For preservation of Security, performance, enforcement, realization, collection (Collection Charges shall be as specified in Item No. XI of Schedule A) or enforcement of payment of the Dues; now or hereafter, whether with retrospective or prospective effect in relation to this Agreement or in relation to any other document/s to be executed in respect of the Overdraft Facility Amount or for creation of security in favour of the Bank. If the Bank at its sole discretion, makes any such payments, the Borrower irrevocably undertakes to reimburse the Bank within 7 days of being intimated by the Bank of the same. b) The Borrower shall pay Documentation charges as mentioned item XVIII of Schedule A c) In case of delay in the payment of any amount payable as above or in the payment of Prepayment Charges, Cheque Swap Charges, Non utilization charges, other monies & charges, Cheque Dishonour Charges, SI/ECS Dishonour Charges on due date the same shall carry interest at the Substituted Interest mentioned in Item No.VII of Schedule A hereto and shall be computed from the respective due dates for payment to the actual date of payment and shall become due and payable upon the footing of compound interest with monthly rests. d) All the above monies payable under this Agreement, if not paid in time as above, shall be deemed to be part of the Dues. e) In the event the Borrower fails to pay when due any sum which it may owe to the Bank and the Bank shall commence legal proceedings to recover such sum, the Borrower will further pay the Bank all advances, charges, cost and expenses, including reasonable legal fees, incurred or paid by the Bank in exercising any right, power or remedy conferred by this arrangement, (or in the enforcement thereof) and all such sums shall become a part of the Dues secured hereunder and shall be paid to the Bank by the Borrower immediately and without delay or demur.

Charges, Cost , Taxes etc. a) The Borrower irrevocably undertakes to pay forthwith on demand to the Bank all taxes, expenses, duties, charges, fees etc. (including , interest tax, stamp duties and any penalty relating thereto, legal cost) and any other charges whatsoever payable in following circumstances : i) Any demand demand/or order passed by Central or State Government or any competent authority; ii) For investigation of title to the Security, preparation, execution, registration of the Overdraft Facility/Security documents; iii) For preservation of Security, performance, enforcement, realization, collection (Collection Charges shall be as specified in Item No. XI XIX of Schedule A) or enforcement of payment of the Dues; now or hereafter, whether with retrospective or prospective effect in relation to this Agreement or in relation to any other document/s to be executed in respect of the Overdraft Facility Amount or for creation of security in favour of the Bank. If the Bank at its sole discretion, makes any such payments, the Borrower irrevocably undertakes to reimburse the Bank within 7 days of being intimated by the Bank of the same. b) The Borrower shall pay Documentation charges as mentioned item XVIII of Schedule A c) In case of delay in the payment of any amount payable as above or in the payment of Prepayment Charges, Cheque Swap Charges, Non utilization charges, other monies & charges, Cheque Dishonour Charges, SI/ECS Dishonour Charges on due date the same shall carry interest at the Substituted Overdue Interest rate mentioned in Item No.VII XI of Schedule A hereto and shall be computed from the respective due dates for payment to the actual date of payment and shall become due and payable upon the footing of compound interest with monthly rests. dc) All the above monies payable under this Agreement, if not paid in time as above, shall be deemed to be part of the Dues. ed) In the event the Borrower fails to pay when due any sum which it may owe to the Bank and the Bank shall commence legal proceedings to recover such sum, the Borrower will further pay the Bank all advances, charges, cost and expenses, including reasonable legal fees, incurred or paid by the Bank in exercising any right, power or remedy conferred by this arrangement, (or in the enforcement thereof) and all such sums shall become a part of the Dues secured hereunder and shall be paid to the Bank by the Borrower immediately and without delay or demur.

Charges, Cost , Taxes etc. a) The Borrower and/or the Co-Borrower/s and/or the Guarantor/s irrevocably undertakes to pay forthwith on demand to the Bank all taxes, expenses, duties, charges, fees etc. (including , interest tax, stamp duties and any penalty relating thereto, legal cost) and any other charges whatsoever payable in following circumstances : i) Any demand demand/or order passed by Central or State Government or any competent authority; ii) For investigation of title to the Security, preparation, execution, registration of the Overdraft Facility/Security documents; iii) For preservation of Security, performance, enforcement, realization, collection (Collection Charges shall be as specified in Item No. XI XIX of Schedule A) or enforcement of payment of the Dues; now or hereafter, whether with retrospective or prospective effect in relation to this Agreement or in relation to any other document/s to be executed in respect of the Overdraft Facility Amount or for creation of security in favour of the Bank. If the Bank at its sole discretion, makes any such payments, the Borrower and/or the Co-Borrower/s and/or the Guarantor/s irrevocably undertakes to reimburse the Bank within 7 days of being intimated by the Bank of the same. b) The Borrower shall pay Documentation charges as mentioned item XVIII of Schedule A c) In case of delay in the payment of any amount payable as above or in the payment of Prepayment Charges, Cheque Swap Charges, Non utilization charges, other monies & charges, Cheque Dishonour Charges, SI/ECS Dishonour Charges on due date the same shall carry interest at the Substituted Overdue Interest rate mentioned in Item No.VII XI of Schedule A hereto and shall be computed from the respective due dates for payment to the actual date of payment and shall become due and payable upon the footing of compound interest with monthly rests. dc) All the above monies payable under this Agreement, if not paid in time as above, shall be deemed to be part of the Dues. ed) In the event the Borrower and/or the Co-Borrower/s and/or the Guarantor/s fails to pay when due any sum which it may owe to the Bank and the Bank shall commence legal proceedings to recover such sum, the Borrower and/or the Co-Borrower/s and/or the Guarantor/s will further pay the Bank all advances, charges, cost and expenses, including reasonable legal fees, incurred or paid by the Bank in exercising any right, power or remedy conferred by this arrangement, (or in the enforcement thereof) and all such sums shall become a part of the Dues secured hereunder and shall be paid to the Bank by the Borrower and/or the Co-Borrower/s and/or the Guarantor/s immediately and without delay or demur.

Charges, Cost , Taxes etc. a) The Borrower irrevocably undertakes to pay forthwith on demand to the Bank all taxes, expenses, duties, charges, expenses, fees etc. (including including, interest tax, stamp duties and any penalty relating thereto, legal cost) and any other charges whatsoever payable in following circumstances circumstances: i) Any demand or order passed by Central or State Government or any competent authority;. ii) For investigation of title to the Security, preparation, execution, registration of the Overdraft FacilityLoan/Security documents;. iii) For preservation of Security, performance, enforcement, realization, collection (Collection Charges shall be as specified in Item No. XI of Schedule A) or enforcement of payment of PMIIs (if applicable) and/ or the Dues; Monthly Installments. now or hereafter, whether with retrospective or prospective effect in relation to this Agreement or in relation to any other document/s to be executed in respect of the Overdraft Facility Amount or for creation of security in favour of the BankAgreement. If the Bank at its sole discretion, makes any such payments, the Borrower irrevocably undertakes to reimburse the Bank within 7 days of being intimated by the Bank of the same. b) The Borrower shall pay Documentation charges as mentioned item XVIII of Schedule A c) In case of delay in the payment of any amount payable as above or in the payment of PMII, Monthly Installment, Commitment Charges, Prepayment Charges, Cheque Swap Charges, Non utilization chargesCharges (as specified in Item No. X of Schedule A hereto), other monies & charges, Cheque Dishonour ChargesDishonor Charges (as specified in Item No. IX of Schedule A hereto), SI/ECS Dishonour Dishonor Charges on due date the same shall carry interest at the Substituted Interest substituted interest mentioned in Item No.VII of Schedule A hereto and shall be computed from the respective due dates for payment to the actual date of payment and shall become due and payable upon the footing of compound interest with monthly rests. dc) All the above monies payable under this Agreement, if not paid in time as above, shall be deemed to be part of the DuestheDues. ed) In the event the Borrower fails to pay when due any sum which it may owe to the Bank and the Bank shall commence legal proceedings to recover such sum, the Borrower will further pay the Bank all advances, charges, cost and expenses, including reasonable legal fees, incurred or paid by the Bank in exercising any right, power or remedy conferred by this arrangement, (or in the enforcement thereof) and all such sums shall become a part of the Dues secured hereunder and shall be paid to the Bank by the Borrower immediately and without delay or demur.