Common use of For Standard Accounts Clause in Contracts

For Standard Accounts. Unless otherwise agreed to by the Bank, any payment due and payable under this Agreement and made by the Borrower will be appropriated towards such dues in the order, namely: a) Interest and Principal; b) liquidated damages on defaulted amounts and Overlimit Utilization Charges under this agreement c) Cheque bounce charges, prepayment charge and other costs, charges, expenses, premium, incidental charges and other monies t and cost incurred by the bank in connection with this agreement and recovery of the borrower’s dues Notwithstanding anything contained herein above: (i) The order of appropriation maybe modified by RBL Bank may, in its sole discretion; (ii) all payments shall be appropriated under each category in the order of pendency. If an account is having multiple EMIs due, the first / oldest demand EMI would be adjusted first and then the Second demand EMI and so on. Post adjustment of EMIs if any amount is still available then the charges would be adjusted if any.

For Standard Accounts. Unless otherwise agreed to by the Bank, any payment due and payable under this Agreement and made by the Borrower will be appropriated towards such dues in the order, namely: a) Interest and Principal; b) liquidated damages on defaulted amounts and Overlimit Utilization EMI Overdue Charges under this agreement c) Cheque bounce charges, prepayment charge and other costs, charges, expenses, premium, incidental charges and other monies t and cost incurred by the bank in connection with this agreement and recovery of the borrower’s dues Notwithstanding anything contained herein above:dues (i) The order of appropriation maybe modified by RBL Bank may, in its sole discretion; ; (ii) all payments shall be appropriated under each category in the order of pendency. If an account is having multiple EMIs due, the first / oldest demand EMI would be adjusted first and then the Second demand EMI and so on. Post adjustment of EMIs if any amount is still available then the charges would be adjusted if any.

For Standard Accounts. Unless otherwise agreed to by the Bank, any payment due and payable under this Agreement and made by the Borrower will be appropriated towards such dues in the order, namely: a) Interest and Principal; b) liquidated damages on defaulted amounts and Overlimit Utilization Charges additional interest under this agreement c) Cheque bounce charges, prepayment charge and other costs, charges, expenses, premium, incidental charges and other monies t and cost incurred by the bank in connection with this agreement and recovery of the borrower’s dues Notwithstanding anything contained herein above: (i) The order of appropriation maybe modified by RBL Bank may, in its sole discretion; (ii) all payments shall be appropriated under each category in the order of pendency. If an account is having multiple EMIs due, the first / oldest demand EMI would be adjusted first and then the Second demand EMI and so on. Post adjustment of EMIs if any amount is still available then the penal or additional interest then charges would be adjusted if any.

For Standard Accounts. Unless otherwise agreed to by the Bank, any payment due and payable under this Agreement and made by the Borrower will be appropriated towards such dues in the order, namely: a) Interest and Principal; b) liquidated damages on defaulted amounts and Overlimit Utilization Charges additional interest under this agreement c) Cheque bounce charges, prepayment charge and other costs, charges, expenses, premium, incidental charges and other monies t and cost incurred by the bank in connection with this agreement and recovery of the borrower’s dues Notwithstanding anything contained herein above:dues (i) The order of appropriation maybe modified by RBL Bank may, in its sole discretion; (ii) all payments shall be appropriated under each category in the order of pendency. If an account is having multiple EMIs due, the first / oldest demand EMI would be adjusted first and then the Second demand EMI and so on. Post adjustment of EMIs if any amount is still available then the charges would be adjusted if any.