Common use of CIBIL Clause Clause in Contracts

CIBIL Clause. The Borrower understands that as a pre condition, relating to grant of the Facility to the Borrower and furnishing of guarantee in relations thereto, the Bank requires consent of the Borrower of the credit facilities granted/ to be granted by the Bank for the disclosure by the Bank of information relating to the Borrower, any credit facilities availed of / to be availed, by the Borrower, obligations as assumed by the Borrower in relation thereto and default, if any, committed in discharge thereof. Accordingly, the Borrower hereby agrees and gives consent for the disclosure by the Bank of all or any such: a. Information and data relating to Borrower b. The information or data relating to Xxxxxxxx's obligations in any credit facility granted/ to be granted by the Bank c. Default, if any committed by Borrower in discharge of the Borrower's obligation as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Ltd. and any other agency authorized in this behalf by RBI. The Borrower declares that the information and data furnished by Borrower to the Bank are true and correct. The Borrower undertakes that – 1. The Credit Information Bureau (India) Ltd. and any other agency so authorized may use, process the said information and date disclosed by the Bank in the manner as deemed fit by them and 2. The Credit Information Bureau (India) Ltd. and other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to Banks/Financial Institutions and other credit grantors or registered users, as may be specified by the Reserve Bank of India in this behalf.

CIBIL Clause. The Borrower understands that as a pre condition, relating to grant of the Facility to the Borrower and furnishing of guarantee in relations thereto, the Bank requires consent of the Borrower of the credit facilities granted/ to be granted by the Bank for the disclosure by the Bank of information relating to the Borrower, any credit facilities availed of / to be availed, by the Borrower, obligations as assumed by the Borrower in relation thereto and default, if any, committed in discharge thereof. Accordingly, the Borrower hereby agrees and gives consent agreesand givesconsent for the disclosure by the Bank of all or any such: a. Information and data relating to Borrower b. The information or data relating to XxxxxxxxBorrower's obligations in any credit facility granted/ to be granted by the Bank c. Default, if any committed by Borrower in discharge of the Borrower's obligation as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Ltd. and any other agency authorized in this behalf by RBI. The Borrower declares that the information and data furnished by Borrower to the Bank are true and correct. The Borrower undertakes that – 1. The Credit Information Bureau (IndiaBureau(India) Ltd. and any other agency so authorized may use, process the said information and date disclosed by the Bank in the manner as deemed fit by them and 2. The Credit Information Bureau (India) Ltd. and other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to Banks/Financial Institutions and other credit grantors or registered users, as may be specified by specifiedby the Reserve Bank of India in this behalf.

CIBIL Clause. The Borrower understands that as a pre conditionprecondition, relating to grant of the Facility to the Borrower and furnishing of guarantee in relations thereto, the Bank requires consent of the Borrower of the credit facilities granted/ to be granted by the Bank for the disclosure by the Bank of information relating to the Borrower, any credit facilities availed of / to be availed, by the Borrower, obligations as assumed by the Borrower in relation thereto and default, if any, committed in discharge thereof. Accordingly, the Borrower hereby agrees and gives consent for the disclosure by the Bank of all or any such: a. Information and data relating to Borrower b. The he information or data relating to Xxxxxxxx's obligations in any credit facility granted/ to be granted by the Bank c. Default, if any committed by Borrower in discharge of the Borrower's obligation as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Ltd. and any other agency authorized in this behalf by RBI. . d. The Borrower declares that the information and data furnished by Borrower to the Bank are true and correct. The Borrower undertakes that – 1. e. The Credit Information Bureau (India) Ltd. and any other agency so authorized may use, process the said information and date disclosed by the Bank in the manner as deemed fit by them and 2. f. The Credit Information Bureau (India) Ltd. and other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to Banks/Financial Institutions and other credit grantors or registered users, as may be specified by the Reserve Bank of India in this behalf.