Common use of Effects of Event of Default Clause in Contracts

Effects of Event of Default. The Borrower shall be liable to repay the entire outstanding loan amount to Xxxxxx Xxxxx Finance Limited along with the Interest and Penal Interest. The above facility is subject to you submitting the necessary documentation, including but not limited to the KYC, bank statement and / or income proof(s), NACH registration request, execution of the Loan / Facility agreement and payment of advance EMIs in favor of Xxxxxx Xxxxx Finance Limited The facility is solely being granted by Xxxxxx Xxxxx Finance Limited and you shall be required to fully repay the sanctioned amount with charges, if any, thereto directly to Xxxxxx Xxxxx Finance Limited We hereby request to you to acknowledge that:

Appears in 14 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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