Common use of Conditions for Disbursement of the Loan Clause in Contracts

Conditions for Disbursement of the Loan. CGHFL shall not disburse any loan to the Borrower unless the conditions mentioned in the sanction letter and loan agreements are compiled with to the satisfaction and sole discretion of CGHFL few of which are as given below: - i. The Borrower must fulfil the CGHFL’s requirement of credit worthiness; ii. Execution of loan agreement and such other ancillary documents; iii. Submission of cheques/ ECS/ NACH/ etc. any other clearing system in force for the time being towards repayment of iv. instalments creation of security in favor of CGHFL; v. Utilization of disbursement should be as per the end-use specified; vi. The Borrowers must disclose every material fact which may affect the Borrower loan proposal.

Conditions for Disbursement of the Loan. CGHFL shall not disburse any loan to the Borrower unless the conditions mentioned in the sanction letter and loan agreements are compiled with to the satisfaction and sole discretion of CGHFL few of which are as given below: below :- i. The Borrower must fulfil the CGHFL’s requirement of credit worthiness; ii. Execution of loan agreement and such other ancillary documents; iii. Submission of cheques/ ECS/ NACH/ etc. any other clearing system in force for the time being towards repayment of iv. of instalments creation of security in favor of CGHFL; v. iv. Utilization of disbursement should be as per the end-use specified; vi. v. The Borrowers must disclose every material fact which may affect the Borrower loan proposal.