Common use of Disbursement Interest Taxes and Amortization Clause in Contracts

Disbursement Interest Taxes and Amortization. 2.1 LOAN: a. The Bank hereby agrees to make available to the Borrower(s) and Co-Borrower(s) and the Borrower(s) and Co- Borrower(s) hereby agrees to avail from the Bank, the Loan mentioned in Schedule II, in the manner and on the terms and conditions mentioned in this Agreement for the Purpose. b. Once the Loan Application submitted by the Borrower is accepted by Fincare, the Borrower shall not be entitled to cancel the Loan or to refuse to accept disbursement of the Loan, except with the approval of Fincare and payment to Fincare of such cancellation or foreclosure charges as may be stipulated by Fincare.