Common use of DEMAND PROMISSORY NOTE Clause in Contracts

DEMAND PROMISSORY NOTE. On demand by the holder of this promissory note, I, Mr/Ms. jointly and severally, unconditionally and irrevocably promise to pay immediately upon demand, a sum of Rs. /- (Rupees % p.a with rests, for the loan availed from Reliance Commercial Finance Limited (RCFL). REVENUE STAMP Rs. /- (Rupees Only) LHT Impression / Signature across revenue stamp Co-Borrower 1: Co-Borrower 2: Date: Place: Date: Reliance Centre, 6th Floor, South Wing, Xxx Xxxxxxx Xxxxxxx Xxxxxxx, Xxxxxxxxx (X), Xxxxxx - 000000 Dear Sirs, I/We have executed a Demand Promissory Note for Rs. /- (Rupees only) dated duly signed and delivered by me/us to you as securityfor the repayment by me/us to RCFL of any sum now due or which may hereafter be or become due by me/us to RCFL by way of loans or advances, notwithstanding the fact that the loans or advances or the account, may from time to time be reduced or extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note and the security shall be a continuing security for any borrowing by us at anytime to RCFL. Yours faithfully, Borrower Co-Borrower Co-Borrower Date : To, Dear Sirs, Sub: Payment Authorisation Letter I, S/o. have availed a Loan from RCFL on and hereby authorize RCFL to directly make payment of Rs. /- (Rupees as mentioned in my Loan application form. Only) to the Manufacturer / Dealer / Vendor I understand and agree that such disbursement is deemed as disbursement of the Loan to me. Thanking You, Name: Cc to: [manufacturer & any other person] I s/o residing at I declare that the Loan availed by me vide loan agreement dated ___________ has been disbursed by RCFL to the Manufacturer/Dealer/Vendor based on my Payment Authorisation Letter, in accordance with the terms and conditions of the Loan Agreement, and the said Loan amount has been duly received by the Manufacturer/Dealer/Vendor. I declare that whatever I have stated is true and correct to the best of my knowledge and belief. Solemnly affirmed at on this the day of 20 Name: Date: To, Dear Sir, This is to confirm that I was present when Shri/Shrimati* put his/her thumb impression to** . The contents of the documents were explained in @ known to the said Shri/Shrimati * in my presence. Your's Faithfully, This Addendum is made on this ____________________ day of ___________ at ________________________________ RELIANCE COMMERCIAL FINANCE LIMITED, a non-banking finance company, within the meaning of the Companies Xxx, 0000, having CIN No.: U66010MH2000PLC128301 and having its registered office at Reliance Center, 6th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055, India (herein referred to as the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the One Part. (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL and the borrower have entered into Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) in respect of the loan availed by the Borrower and RCFL which is more specifically mentioned in the said loan documents.

DEMAND PROMISSORY NOTE. On demand by Rs. /- ON DEMAND, we, , a resident individual/ company/ partnership firm/ limited liability partnership firm/sole proprietorship firm/ society/ trust under the holder laws of this promissory note, I, Mr/Ms. India with my / our address at jointly and severally, unconditionally and irrevocably severally promise to pay immediately upon demand, a to Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited (or any successor(s)/assignee(s) thereof) or order at its office/branch at New Delhi the sum of Rs. /- (Rupees % p.a with rests, only) for the loan availed value received together with interest thereon from Reliance Commercial Finance the date hereof, at the Interest Rate (mentioned below) per annum payable with monthly rests. The Interest Rate shall be the prevailing (per annum) of Sammaan Finserve Limited (RCFL)formerly known as Indiabulls Commercial Credit Limited) (or any successor(s) thereof) from time to time plus/less* ( ) basis points. REVENUE STAMP RsPresentment for payment and noting and protest of this note are hereby unconditionally and irrevocably waived. /- Signature of the Borrower(s) (Rupees OnlyName: ) LHT Impression / Signature across revenue stamp Co-Borrower 1Place : Co-Borrower 2Date : Date: Place: Date: Reliance CentreSAMMAAN *tick whichever if applicable. To (Formerly known as Indiabulls Commercial Credit Limited) 0xx Xxxxx, 6th FloorXxxxxxxx Xx. 00, South WingXX Xxxx, Xxxxxxxxx Xxxxx, Xxx Xxxxxxx Xxxxxxx XxxxxxxXxxxx – 000000 Corporate Identity Number: U65923DL2006PLC150632 Dear Xxx, Xxxxxxxxx (X), Xxxxxx - 000000 Dear Sirs, I/We have executed a refer to the Demand Promissory Note for Rs. /- (Rupees only) dated duly signed and delivered by me/us to you you, as securityfor the repayment by me/us to RCFL of any sum now due or which may hereafter be or become due by me/us to RCFL by way of loans or advances, notwithstanding the fact that the loans or advances or the account, may from time to time be reduced or extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note and the security shall be a continuing security for any borrowing the payment/repayment of all amounts due and/or payable by us at anytime to RCFL. Yours faithfully, Borrower Co-Borrower Co-Borrower Date : To, Dear Sirs, Sub: Payment Authorisation Letter I, S/o. have availed a Loan from RCFL on and hereby authorize RCFL to directly make payment of Rs. /- (Rupees as mentioned in my Loan application form. Only) to under the Manufacturer / Dealer / Vendor I understand and agree that such disbursement is deemed as disbursement of the Loan to me. Thanking You, Name: Cc to: [manufacturer & any other person] I s/o residing at I declare that the Loan availed by me vide loan agreement dated ___________ has been disbursed by RCFL to the Manufacturer/Dealer/Vendor based on my Payment Authorisation Letter, in accordance with the terms and conditions of the Loan Agreement, and the said Loan amount has been duly received by the Manufacturer/Dealer/Vendor. I declare that whatever I have stated is true and correct to the best of my knowledge and belief. Solemnly affirmed at on this the day of 20 Name: Date: To, Dear Sir, This is to confirm that I was present when Shri/Shrimati* put his/her thumb impression to** . The contents of the documents were explained in @ known to the said Shri/Shrimati * in my presence. Your's Faithfully, This Addendum is made on this ____________________ day of ___________ at ________________________________ RELIANCE COMMERCIAL FINANCE LIMITEDand/or any amendment(s)/addendum(s) thereto ("Loan Agreement") between (a) and (b) Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited) ("Lender") and the related Loan Documents, at present outstanding as also for the payment/repayment of any further amount, which we may avail hereafter from you. We hereby irrevocably and unconditionally, agree, confirm and undertake that: (i) the said Demand Promissory Note shall operate as a non-banking finance company, within continuing security to you to be enforceable for the meaning repayment of the Companies Xxx, 0000, having CIN No.: U66010MH2000PLC128301 and having its registered office at Reliance Center, 6th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055, India (herein referred to as ultimate balance and/or all sums remaining unpaid under the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the One Part. (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL Loan Agreement and the borrower have entered into related Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) Documents now or hereafter, including all interest to become payable in respect of the loan availed by Loan Agreement and the Borrower related Loan Documents, and RCFL also all moneys lent, advanced, paid or incurred in respect of / under the Loan Agreement and the related Loan Documents or which is more specifically mentioned may in future be advanced or incurred together with interest, discount, commission and other charges and all other costs, charges and expenses which may be or become payable in connection therewith; and (ii) we shall remain liable on the said loan documentsDemand Promissory Note till all the amounts payable/repayable under the Loan Agreement and the related Loan Documents have been paid/repaid by us to the satisfaction of the Lender.

DEMAND PROMISSORY NOTE. On demand by the holder of this promissory noteDate: Place: ON DEMAND, I/We a Sole Proprietary Concern, Mrthrough its Proprietor Mr. /Ms. , having its office/Ms. place of business at ] or [ a Company within the meaning of the Companies Act, 2013/1956 (CIN No )/ (*jointly and severally) acting through who is duly authorized in that behalf vide Board Resolution dated ] or [a Partnership Firm within the meaning of the Partnership Act, 1932 (*jointly and severally) acting through one of our Partner, who is duly authorized in that behalf vide resolution of the Partners, dated ] or [ a Limited Liability Partnership within the meaning of the Limited Liability Xxxxxxxxxxx Xxx 0000 acting through one of our Partner, who is duly authorized in that behalf vide resolution of the Partners, dated ] hereby unconditionally and irrevocably irrevocably(*jointly and severally) promise to pay immediately upon demand, a sum of Rs. /- (Rupees % p.a with rests, for the loan availed from Reliance Commercial Finance Limited (“RCFL”). REVENUE STAMP Rs. /- (Rupees Only) LHT Impression / Signature across revenue stamp Co, a non-Borrower 1: Co-Borrower 2: Date: Place: Date: banking finance Company registered with the Reserve Bank of India and incorporated under the provisions of the Companies Act, 1956 and having its registered office at Reliance Centre, 6th Floor, South Wing, Xxx Xxxxxxx Xxxxxxx Xxxxxxx, Xxxxxxxxx (X)Xxxx, Xxxxxx - 000000 Dear Sirs, I/We have executed 400 055 acting for the purposes of these presents through its branch office at or order a Demand Promissory Note for sum of Rs. /- (Rupees only) dated duly signed and delivered by metogether with interest at the compounding rate of % p.a (percent per annum) (Floating/us to you as securityfor the repayment by me/us to Fixed) with rests or such other rates which RCFL of any sum now due or which may hereafter be or become due by me/us to RCFL by way of loans or advances, notwithstanding the fact that the loans or advances or the account, may specify from time to time be reduced or extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note and the security shall be a continuing security for any borrowing by us at anytime to RCFL. Yours faithfully, Borrower Co-Borrower Co-Borrower Date : To, Dear Sirs, Sub: Payment Authorisation Letter I, S/o. have availed a Loan from RCFL on and hereby authorize RCFL to directly make payment of Rs. /- (Rupees as mentioned in my Loan application form. Only) to the Manufacturer / Dealer / Vendor I understand and agree that such disbursement is deemed as disbursement of the Loan to me. Thanking You, Name: Cc to: [manufacturer & any other person] I s/o residing at I declare that the Loan availed by me vide loan agreement dated ___________ has been disbursed by RCFL to the Manufacturer/Dealer/Vendor based on my Payment Authorisation Letter, in accordance with the terms and conditions of the Loan Agreement, and the said Loan amount has been duly received by the Manufacturer/Dealer/Vendor. I declare that whatever I have stated is true and correct to the best of my knowledge and belief. Solemnly affirmed at on this the day of 20 Name: Date: To, Dear Sir, This is to confirm that I was present when Shri/Shrimati* put his/her thumb impression to** . The contents of the documents were explained in @ known to the said Shri/Shrimati * in my presence. Your's Faithfully, This Addendum is made on this ____________________ day of ___________ at ________________________________ RELIANCE COMMERCIAL FINANCE LIMITED, a non-banking finance company, within the meaning of the Companies Xxx, 0000, having CIN No.: U66010MH2000PLC128301 and having its registered office at Reliance Center, 6th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055, India (herein referred to as the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the One Part. (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL and the borrower have entered into Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) in respect of the loan availed by the Borrower , 20 entered into between me/us and RCFL which for value received. Presentment for payment and noting and protest of this note is more specifically mentioned in the said loan documents.hereby unconditionally waived. For Director/Authorised Signatory OR

DEMAND PROMISSORY NOTE. On demand by the holder of this promissory note, I, Mr/Ms. Mr./Ms. jointly and severally, unconditionally and irrevocably promise to pay immediately upon demand, a sum of Rs. /- (Rupees only), along with interest at % p.a annualized interest with rests, for the loan availed from Reliance Commercial Finance Limited (RCFL). REVENUE STAMP Revenue Stamp Rs. /- (Rupees Only) only), LHT Impression / Signature across revenue stamp Co-Borrower 1: Co-Borrower 2: Date: Place: Date: Reliance CentreTo, 6th Floor, South Wing, Xxx Xxxxxxx Xxxxxxx Xxxxxxx, Xxxxxxxxx (X), Xxxxxx - 000000 Branch Dear SirsSir, I/We have executed a Demand Promissory Note for Rs. /- (Rupees only) dated duly signed and delivered by me/us to you as securityfor the repayment by me/us to RCFL of any sum now due or which may hereafter be or become due by me/us to RCFL by way of loans or advances, notwithstanding the fact that the loans or advances or the account, may from time to time be reduced or extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note and the security shall be a continuing security for any borrowing by us at anytime to RCFL. Yours faithfully, Borrower Co-Borrower Co-Borrower Date : To, Dear Sirs, Sub: Payment Authorisation Letter I, S/o./ D/o. , have availed a Loan from RCFL on and hereby authorize RCFL to directly make payment of Rs. /- Rs._______________/- (Rupees _______________________________________________________ Only) to the Manufacturer/Dealer/ Vendor as mentioned in my Loan application form. Only) to the Manufacturer / Dealer / Vendor I understand and agree that such disbursement is deemed as disbursement of the Loan to me. Thanking You, Name: Cc to: [manufacturer & any other person] LHT Impression / Signature of Borrower I s/o , residing at , do hereby state and declare as solemn affirmation as under: I declare that the Loan availed by me vide loan agreement dated ___________ has been disbursed by RCFL to the Manufacturer/Dealer/Vendor based on my Payment Authorisation Authorization Letter, in accordance with the terms and conditions of the Loan Agreement, and the said Loan amount has been duly received by the Manufacturer/Dealer/Vendor. I declare that whatever I have stated is true and correct to the best of my knowledge and belief. Solemnly affirmed at on this the day of 20 Name: LHT Impression/Signature of Borrowers Date: To, Dear Sir, This is We request you to confirm that I was present when Shri/Shrimati* put his/her thumb impression to** . The contents follow the instructions given below which are very critical since you are handing over the Post dated cheques as repayment of the documents were explained loan you have availed. • Cheque should be crossed as “Account Payee only” • Cheque should be drawn in @ known favour of “Reliance Commercial Finance Limited” Only. • Ensure that all the corrections are countersigned. • Amount in Figures and Words should be the same. I/We declare that, I/We have read all the instructions carefully. I/We further declare that I/We have not given any cheques, other than the one's mentioned above and RCFL will not be responsible for cheques left blank or drawn in favour of any name other than the one mentioned above under the heading “Important Instructions”. Received By: LHT Impression / Signature of Borrower Name of Executive (1) (2) (3) LHT Impression / Signature of Co- Borrower/s I/We declare that, I/We have read all the instructions carefully. I/We further declare that I/We have not given any cheques, other than the one's mentioned above and RCFL will not be responsible for cheques left blank or drawn in favour of any name other than the one mentioned above under the heading “Important Instructions”. Received By: LHT Impression / Signature of Borrower Name of Executive We request you to follow the said Shri/Shrimati * in my presence. Your's Faithfully, This Addendum is made on this ____________________ day of ___________ at ________________________________ RELIANCE COMMERCIAL FINANCE LIMITED, a non-banking finance company, within instructions given below which are very critical since you are handing over the meaning Post dated cheques as repayment of the Companies Xxx, 0000, having CIN Noloan you have availed. Important Instructions: • Cheque should be crossed as “Account Payee only” • Cheque should be drawn in favour of “Reliance Commercial Finance Limited” Only. • Ensure that all the corrections are countersigned. • Amount in Figures and Words should be the same. (1) (2) (3) LHT Impression / Signature of Co- Borrower/s MONEY Registered & Corporate Office: U66010MH2000PLC128301 and having its registered office at Reliance CenterCentre, 6th Floor, South Wing, Off Western Express HighwayXxx Xxxxxxx Xxxxxxx Xxxxxxx, Santacruz Xxxxxxxxx Xxxx, Xxxxxx - 000000. Tel.: +00 00 0000 0000 | Fax: +00 00 0000 0000 Service Queries: 022 - 3948 4900, 044 - 3078 7400. Between 9:30 am - 6:30 pm (EastExcept Sundays and Public Holidays), Mumbai 400 055, India . Website: xxx.xxxxxxxxxxxxx.xx.xx | Email us at: xxxxxxxxxxxx@xxxxxxxxxxxxxxxxxxxxxxxxx.xxx The brand Reliance Money is presented by Reliance Commercial Finance Limited (herein referred to as the “Lender” or “RCFL” which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and assignsFormerly Reliance Gilts Limited) of the One PartReliance Commercial Finance Limited is a Reliance Capital Limited Company. (hereinafter referred to as the "Borrower") which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Other Part; RCFL and the borrower have entered into Loan Agreement dated along with other loan documents (herein after collectively referred as “the said loan documents”) in respect of the loan availed by the Borrower and RCFL which is more specifically mentioned in the said loan documents.MONEY