Common use of Cross-Liability Clause in Contracts

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank at the sole discretion of the Bank. 7.2 The Borrower/Co-borrower acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower with the Bank. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank shall be entitled to create a charge over any other security provided by the Borrower in relation to any other loan facilities availed from the Bank. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreementAgreement) with the Bank under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreementAgreement) with the Bank at the sole discretion of the Bank. 7.2 The Borrower/Co-borrower Guarantor acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank or with any of the Citigroup Companies shall be deemed to be default under this agreement Agreement and vice versa entitling the Bank to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement Agreement and/or other agreements entered into by the Borrower/Co- borrower Guarantor with the Bank. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank shall be entitled to create a charge over any other security provided by the Borrower Borrower/Guarantor in relation to any other loan facilities availed from the Bank. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement Agreement shall mean and include any branch of Citibank Citibank, N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank CFIL under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank CFIL shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank CFIL at the sole discretion of the BankCFIL. 7.2 The Borrower/Co-borrower Guarantor acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank CFIL or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank CFIL to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank CFIL shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower Guarantor with the BankCFIL. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank CFIL shall be entitled to create a charge over any other security provided by the Borrower in relation to any other loan facilities availed from the BankCFIL. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank at the sole discretion of the Bank. 7.2 The Borrower/Co-borrower Guarantor acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower Guarantor with the Bank. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank shall be entitled to create a charge over any other security provided by the Borrower Borrower/Guarantor in relation to any other loan facilities availed from the Bank. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank CFIL under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank CFIL shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank CFIL at the sole discretion of the BankCFIL. 7.2 The Borrower/Co-borrower acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank CFIL or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank CFIL to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank CFIL shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower with the BankCFIL. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank CFIL shall be entitled to create a charge over any other security provided by the Borrower in relation to any other loan facilities availed from the BankCFIL. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) LtdLtd., present or future carrying on operations/business in India.. For Citicorp Finance (India) Ltd

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank at the sole discretion of the Bank. 7.2 The Borrower/Co-borrower Guarantor acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower Guarantor with the Bank. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank shall be entitled to create a charge over any other security provided by the Borrower in relation to any other loan facilities availed from the Bank. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreementAgreement) with the Bank CFIL under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank CFIL shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreementAgreement) with the Bank CFIL at the sole discretion of the BankCFIL. 7.2 The Borrower/Co-borrower Guarantor acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank CFIL or with any of the Citigroup Companies shall be deemed to be default under this agreement Agreement and vice versa entitling the Bank CFIL to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank CFIL shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement Agreement and/or other agreements entered into by the Borrower/Co- borrower Guarantor with the BankCFIL. Further, it is clarified that in the event of default in repayment of the Loan or any other financial facility by the Borrower, the Bank CFIL shall be entitled to create a charge over any other security provided by the Borrower Borrower/Guarantor in relation to any other loan facilities availed from the BankCFIL. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement Agreement shall mean and include any branch of Citibank Citibank, N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.

Cross-Liability. 7.1 The Borrower expressly accepts that if the Borrower fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with the Bank under which the Borrower is enjoying any financial/credit/other facility; then in such event the Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Borrower’s agreement (including this agreement) with the Bank at the sole discretion of the Bank. 7.2 The Borrower/Co-borrower Co- Borrower acknowledges and accepts that any default in discharging his liabilities under any other agreements entered into/to be entered into with the Bank or with any of the Citigroup Companies shall be deemed to be default under this agreement and vice versa entitling the Bank to recall this loan facility and/or all other loan/facility advanced to the Borrower the Bank shall in the event of such default, be entitled to exercise in its discretion any or all its rights under this agreement and/or other agreements entered into by the Borrower/Co- borrower Borrower with the Bank. Further, it is clarified that in the event of default in repayment of the Loan Credit Facilities or any other financial facility by the BorrowerBorrower availed from the Bank, the Bank shall be entitled to create a charge over any other security provided by the Borrower in relation to any such other loan facilities availed from the Bankcredit facilities. 7.3 The term ‘Citigroup Companies’ appearing in this clause and elsewhere in this agreement shall mean and include any branch of Citibank N.A., and any other associate company/entity of Citibank N.A., and Citicorp Finance (India) Ltd, present or future carrying on operations/business in India.