Common use of For Adjustable Rate of Interest Clause in Contracts

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Interest Rate shall be applicable to the Loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR has been revised, on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' on the total amount of the Loan drawn prior to revision of the IMLR. Explanation: In the events (i) and (ii) above, any Pre-payments made by the Borrower/s during the financial year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-FRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-FRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-FRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL-FRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLRIHFL-FRR. Explanation: In the events (i) and (ii) above, any Prepre-payments made by the Borrower/s during the financial year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Adjustable Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-LFRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-LFRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL LFRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLRIHFL-LFRR. Explanation: In the events (i) and (ii) above, any Pre-payments made by the Borrower/s during the financial year Financial Year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Adjustable Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-LFRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-LFRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL LFRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLRIHFL-LFRR. Explanation: In the events (i) and (ii) above, any Prepre-payments made by the Borrower/s during the financial year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Adjustable Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-LFRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-LFRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL LFRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLR. Explanation: In the events (i) and (ii) above, any PreIHFL-payments made by the Borrower/s during the financial year shall be taken into accountLFRR.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Adjustable Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-LFRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-LFRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-LFRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL LFRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLR. Explanation: In the events (i) and (ii) above, any PreIHFL-payments made by the Borrower/s during the financial year shall be taken into accountLFRR.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Interest Rate shall be applicable to the Loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-FRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-FRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-FRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL-FRR has been revised, on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' on the total amount of the Loan drawn prior to revision of the IMLRIHFL-FRR. Explanation: In the events (i) and (ii) above, any Pre-payments made by the Borrower/s during the financial year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Interest Rate shall be applicable to the Loan loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-FRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-FRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-FRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL- FRR has been revised, revised on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' EMI on the total amount of the Loan drawn prior to revision of the IMLRIHFL-FRR. Explanation: In the events (i) and (ii) above, any Prepre-payments made by the Borrower/s during the financial year shall be taken into account.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application. (II) All future/further Adjustable Interest Rates applicable for the amount of Loan lent by IHFL to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL-FRR is changed. (III) In an event IHFL changes Adjustable Interest Rate prior to the disbursement of the full Loan, the weighted average of the different Floating Interest Rate shall be applicable to the Loan forthwith from the date of such increase or decrease till the first day of the month following the month in which IMLR IHFL-FRR is changed. (IV) Adjustable Interest Rate will be reset on the first day of the month following the month in which IMLR IHFL-FRR is changed. (V) In case of PEMII, all future/further Adjustable Interest Rate applicable to the Borrower/s shall be applied by IHFL on the first day of the month following the month in which IMLR IHFL- FRR is changed. (VI) The Adjustable interest Rate applicable to the Loan shall be on the basis of IMLR IHFL-FRR prevailing on the date of final disbursement. (VII) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows: (i) In the event of the Borrower/s having already commenced payment of EMI before the beginning of the month in which IMLR IHFL-FRR has been revised, on the outstanding principal amount of the Loan as at the beginning of next month, or (ii) In the event of the Borrower/s not having commenced payment of EMI' on the total amount of the Loan drawn prior to revision of the IMLRIHFL-FRR. Explanation: In the events (i) and (ii) above, any Pre-payments made by the Borrower/s during the financial year shall be taken into account.