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: 1. This facility is solely for the purpose of financing the fee payable to the school / institute for your child as given above. 2. In case of any dispute or non-continuation of the education / course proposed to be enrolled between school and yourself / child, you will be liable to repay the outstanding amount to Xxxxxx Xxxxx Finance Limited 3. Xxxxxx Xxxxx Finance Limited bears no liability on the part of the school / institute for any dispute / cancellation or discontinuation of the service / course proposed to be enrolled for. 4. Xxxxxx Xxxxx Finance Limited shall not be responsible for payments made to any parties other than Xxxxxx Xxxxx Finance Limited towards advances or repayment of this financing facility. 5. Xxxxxx Xxxxx Finance Limited has partnered with GRAYQUEST EDUCATION FINANCE PRIVATE LIMITED for sourcing of clients for Xxxxxx Xxxxx Finance Limited Our partners are only authorized to collect your application online / physical and make preliminary assessments for granting the facility. All loans and facilities are subject to a final approval and at sole discretion of Xxxxxx Xxxxx Finance Limited. 6. Xxxxxx Xxxxx Finance Limited bears no liability on the part of the school /educational institute for any dispute / cancellation or discontinuation of the service / course proposed to be enrolled for. Lender will also bear no liability on the quality of the service provided by the educational institution, and any deficiency on the part of the educational service provider shall not affect the borrower’s liability to repay entire loan outstanding amount to the lender. 7. Xxxxxx Xxxxx Finance Limited shall not be responsible for payments made to any parties other than Xxxxxx Xxxxx 8. This loan may be disbursed in two tranche to the Education institute. ***** THIS IS AN AUTO GENERATED DOCUMENT, DOES NOT REQUIRE ANY SIGNATURE *****

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: 1. This facility is solely for the purpose of financing the fee payable to the school / institute for your child as given above. 2. In case of any dispute or non-continuation of the education / course proposed to be enrolled between school and yourself / child, you will be liable to repay the outstanding amount to Xxxxxx Xxxxx Finance Limited 3. Xxxxxx Xxxxx Finance Limited bears no liability on the part of the school / institute for any dispute / cancellation or discontinuation of the service / course proposed to be enrolled for. 4. Xxxxxx Xxxxx Finance Limited shall not be responsible for payments made to any parties other than Xxxxxx Xxxxx Finance Limited towards advances or repayment of this financing facility. 5. Xxxxxx Xxxxx Finance Limited has partnered with GRAYQUEST EDUCATION FINANCE PRIVATE LIMITED for sourcing of clients for Xxxxxx Xxxxx Finance Limited Our partners are only authorized to collect your application online / physical and make preliminary assessments for granting the facility. All loans and facilities are subject to a final approval and at sole discretion of Xxxxxx Xxxxx Finance Limited. 6. Xxxxxx Xxxxx Finance Limited bears no liability on the part of the school /educational institute for any dispute / cancellation or discontinuation of the service / course proposed to be enrolled for. Lender will also bear no liability on the quality of the service provided by the educational institution, and any deficiency on the part of the educational service provider shall not affect the borrower’s liability to repay entire loan outstanding amount to the lender. 7. Xxxxxx Xxxxx Finance Limited shall not be responsible for payments made to any parties other than Xxxxxx Xxxxx 8. This loan may be disbursed in two tranche to the Education institute. ***** THIS IS AN AUTO GENERATED DOCUMENT, DOES NOT REQUIRE ANY SIGNATURE *****