Common use of Interest and Default Interest Clause in Contracts

Interest and Default Interest. (i) The interest will be charged on the Facilities as specified in the Schedule 4. The interest specified in the Schedule 4 or any other provision in the Finance Documents will be computed from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests or such other rests as may be prescribed by the Lender from time to time. The Interest applicable on the Facility or charges debited to the Account of the Borrower shall be calculated on the daily debit balance of such Account. (ii) Interest, commission, discount and all other charges shall accrue from day to day and shall be computed on the basis of 365 days a year for rupee Facilities, and the actual number of days elapsed. (iii) The interest payable by the Borrower shall be subject to the changes based on guidelines / directive issued by RBI to small finance banks from time to time and the changes made by the Lender at its sole discretion. (iv) If the Due Date in respect of any amount payable under the Facilities falls on a day which is not a Business Day at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment. (v) If the Facility(ies) is/are disbursed in multiple tranches in multiple accounts , the Interest Rate applicable to each of such tranche will be decided at the time of disbursement of such tranche, as may be stipulated in the Sanction Letter. (vi) The Lender is entitled to disburse the Facilities granted/to be granted to the Borrower to in a single account or multiple accounts of any facilities and this agreement would be valid and binding for all such accounts. It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits. (vii) Interest would be calculated from the date of the loan disbursement i.e. the date of the issuance of the cheque/ transfer instruction / RTGS / NEFT. The Lender would not be responsible for any delay on the part of the Obligors to collect and/or deposit the cheque or otherwise.

Interest and Default Interest. (i) 7.1 The Borrower shall pay to the Lender on each Interest Payment Date interest will be charged on the Facilities as specified in Facility at the Schedule 4. The interest specified in rate of two percent (2%) per annum over the Schedule 4 or any other provision in Lender's board rate for deposits placed with the Finance Documents will be computed from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests Lender for amounts up to Dollars One Hundred Thousand ($100,000.00) or such other rests amounts as may be prescribed by the Lender may from time to time. The time determine ("the Interest applicable on the Facility or charges debited to the Account of the Borrower shall be calculated on the daily debit balance of Rate") for each Interest Period, such Account. (ii) Interest, commission, discount and all other charges interest shall accrue from day to day and shall be calculated on the principal amount of the Facility for the time being owing and unpaid and compounded semi-annually. 7.2 In the event of failure by the Borrower to make payment on the due date of any sum due under this Agreement (whether by way of a repayment of the Facility or payment of any principal, interest or fee or otherwise howsoever) then subject always to and without prejudice to the other rights and remedies of the Lender contained in this Agreement, the Borrower shall (to the fullest extent permitted by applicable law) pay to the Lender interest at the Default Interest Rate on that overdue sum from the date of default up to the date of actual payment (as well after as before judgment), such interest to be calculated with monthly rests and shall be payable on the last day of each month. 7.3 Interest payable under this Agreement shall be computed on the basis of 365 days a three hundred and sixty-five (365)-day year for rupee Facilities, and the on actual number of days elapsed. (iii) 7.4 No part of any payment made by the Company shall be treated as a repayment of principal until all interest due or deemed to be due or accrued has been paid. 7.5 The Borrower hereby covenants to pay to the Lender all interest payable by the Borrower shall be subject to the changes based on guidelines / directive issued by RBI to small finance banks from time to time and the changes made by the Lender at its sole discretionas provided in any provisions of this Agreement. (iv) If the Due Date in respect of any amount payable under the Facilities falls on a day which is not a Business Day at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment. (v) If the Facility(ies) is/are disbursed in multiple tranches in multiple accounts , the Interest Rate applicable to each of such tranche will be decided at the time of disbursement of such tranche, as may be stipulated in the Sanction Letter. (vi) The Lender is entitled to disburse the Facilities granted/to be granted to the Borrower to in a single account or multiple accounts of any facilities and this agreement would be valid and binding for all such accounts. It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits. (vii) Interest would be calculated from the date of the loan disbursement i.e. the date of the issuance of the cheque/ transfer instruction / RTGS / NEFT. The Lender would not be responsible for any delay on the part of the Obligors to collect and/or deposit the cheque or otherwise.

Interest and Default Interest. 6.1 Interest payable: (ia) The interest will be charged on in respect of the Facilities as specified aggregate amount of all Drawdowns made in respect of Tranche A, for the Schedule 4. The interest specified in the Schedule 4 or any other provision in the Finance Documents will be computed period from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests or such other rests as may be prescribed by the Lender from time to time. The Interest applicable first Drawdown Date on the Facility or charges debited Tranche A up to the Account First Repayment Date, shall be the fixed rate of the Borrower *** per centum (***%) per annum and shall be calculated on the daily debit balance basis of such Account.a year of 365 days and the actual number of days elapsed; and (iib) Interestin respect of the aggregate amount of all Drawdowns made in respect of Tranche B, commissionfor the period from the first Drawdown Date on Trahche B up to the First Repayment Date, discount and all other charges shall accrue from day to day be the fixed rate of *** per centum (***%) per annum and shall be computed calculated on the basis of a year of 365 days a year for rupee Facilities, and the actual number of days elapsed. 6.2 Interest payable for the Repayment Period shall: (iiia) The interest payable by in respect of the Borrower shall be subject to the changes based on guidelines / directive issued by RBI to small finance banks principal amounts remaining outstanding from time to time in respect of Tranche A, be at the fixed rate of *** per centum (***%) per annum and shall be calculated on the basis of a year of 365 days and the changes made actual number of days elapsed; and (b) in respect of the principal amounts remaining outstanding from time to time in respect of Tranche B, be at the fixed rate of *** per centum (***%) per annum and shall be calculated on the basis of a year of 365 days and the actual number of days elapsed. 6.3 All interest accrued under Clause 6.1 shall be capitalized on the First Repayment Date and the aggregate of such amount shall be paid in full *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. to the Lender on the Repayment Date following the First Repayment Date. 6.4 All interest accrued under Clause 6.2 shall be paid in arrears on the successive Repayment Dates following the First Repayment Date. 6.5 Without in any way limiting or restricting the rights of the Lender specified in this Agreement, if the Borrower shall default in the payment of any sum or sums becoming due under this Agreement upon the due date or dates for the payment of such sum or sums the Borrower shall, as agreed damages, pay to the Lender late payment charges on such sum or sums at a rate of interest of *** during the period commencing on the date such sum or sums become due for payment until the date or dates of actual payment. Further, if the Borrower shall fail to pay such interest as abovementioned within seven (7) days after any demand by the Lender at its sole discretion. (iv) If the Due Date in respect of any amount payable under the Facilities falls on a day which is not a Business Day such interest shall be compounded monthly and shall carry further interest at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such paymentrate specified in this Clause 6.3. (v) If the Facility(ies) is/are disbursed in multiple tranches in multiple accounts , the Interest Rate applicable to each of such tranche will be decided at the time of disbursement of such tranche, as may be stipulated in the Sanction Letter. (vi) The Lender is entitled to disburse the Facilities granted/to be granted to the Borrower to in a single account or multiple accounts of any facilities and this agreement would be valid and binding for all such accounts. It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits. (vii) Interest would be calculated from the date of the loan disbursement i.e. the date of the issuance of the cheque/ transfer instruction / RTGS / NEFT. The Lender would not be responsible for any delay on the part of the Obligors to collect and/or deposit the cheque or otherwise.

Interest and Default Interest. (i) 3.1 The Subordinated Debt shall bear interest will be charged from and including the Issue Date at the relevant Interest Rate stated on the Facilities Global Certificates or Definitive Certificates, as specified in the Schedule 4case may be, of the Subordinated Debt. The For the avoidance of doubt, the relevant Interest Rate stated on the Global Certificates or Definitive Certificates, as the case may be, of the Subordinated Debt shall be applicable throughout the tenure of the relevant Subordinated Debt. 3.2 Subject to Condition 3.3, accrued interest specified in the Schedule 4 or any other provision in the Finance Documents will shall be computed from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests or such other rests as may be prescribed by the Lender from time to time. The Interest applicable Issuer in arrears on each Coupon Payment Date, the first of such period commencing on the Facility or charges debited Issue Date. Interest accrues from and including the first day of each Interest Period, up to but excluding the Account last day of each Interest Period. 3.3 Interest on the Borrower Subordinated Debt shall be calculated on the daily debit balance of such Account. (ii) Interest, commission, discount and all other charges shall accrue from day to day and shall be computed on the basis of 365 days a year for rupee Facilities, and the actual number of days elapsed. elapsed and a 365-day basis (iii) actual/365). Such Subordinated Debt cease to bear interest from and including the date due for their redemption. The computation of interest payable by the Borrower shall will be subject rounded upwards or downwards to the changes based on guidelines / directive issued by RBI to small finance banks from time to time and nearest sen.. 3.4 In the changes made by event that the Lender at its sole discretion. (iv) If the Due Date Issuer defaults in respect of any amount payable payment under the Facilities falls Subordinated Debt, the Issuer shall pay interest on a day which the amount of the payment so defaulted from the date such payment is not a Business Day due under the Subordinated Debt up to the date of receipt thereof by the Subordinated Debtholders (before as well as after judgment) at the place where rate of one per cent (1.0%) per annum above the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment. (v) If the Facility(ies) is/are disbursed in multiple tranches in multiple accounts , the relevant Interest Rate applicable to each such Subordinated Debt, such interest which shall be calculated on the basis of the actual number of days elapsed and a 365-day basis (actual/365). 3.5 For the purpose of this Condition 3, if any payment is not received by the Trustee or any person to whom such tranche will be decided at payment is due within the time of disbursement of such tranche, as may be stipulated in these Conditions, any Subordinated Debt, the Sanction Letter. Trust Deed or any other Transaction Documents on the due date, that payment (viif actually received by the Trustee on the due date) The Lender is entitled to disburse the Facilities granted/deemed to be granted to the Borrower to in a single account or multiple accounts of any facilities and this agreement would be valid and binding for all such accounts. It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits. (vii) Interest would be calculated from the date of the loan disbursement i.e. the date of the issuance of the cheque/ transfer instruction / RTGS / NEFT. The Lender would not be responsible for any delay received on the part of the Obligors to collect and/or deposit the cheque or otherwisenext Business Day.

Interest and Default Interest. (i) 8.1 The Loan shall bear interest will be charged on in respect of each Interest Period at the Facilities as Interest Rate specified in the Schedule 4. The interest Specific Terms. 8.2 Interest shall accrue in advance and shall be retained by the Lender in respect of each Retained Interest Period or if so specified in the Schedule 4 or any other provision in the Finance Documents will be computed from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests or such other rests as may be prescribed by the Lender from time to time. The Interest applicable on the Facility or charges debited to the Account of the Borrower Specific Terms shall be calculated on capitalised with the daily debit balance of such Account. (ii) Interest, commission, discount and all other charges shall accrue from day to day and shall be computed on the basis of 365 days a year for rupee Facilities, and the actual number of days elapsed. (iii) The interest payable Loan or serviced by the Borrower shall be subject to in the changes based on guidelines / directive issued by RBI to small finance banks from time to time and the changes made by the Lender at its sole discretionmanner stated. (iv) 8.3 An Interest Period shall not extend beyond the Repayment Date. If the Due Date in respect of any amount payable under the Facilities falls Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day at in that Calendar Month (if there is one) or the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment(if there is not). (v) 8.4 The first Interest Period shall commence on the first Drawdown Date. Each following Interest Period shall commence on the termination of the preceding Interest Period. 8.5 If the Facility(ies) is/are disbursed in multiple tranches in multiple accounts , the Interest Rate applicable to each of such tranche will be decided at the time of disbursement of such tranche, Lender cannot make an advance on any proposed Drawdown Date as may be stipulated in the Sanction Letter. (vi) The Lender is entitled to disburse the Facilities granted/to be granted to the Borrower to in a single account or multiple accounts consequence of any facilities and this agreement would be valid and binding for all such accounts. It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date delay or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits. (vii) Interest would be calculated from the date of the loan disbursement i.e. the date of the issuance of the cheque/ transfer instruction / RTGS / NEFT. The Lender would not be responsible for any delay act or adverse circumstance on the part of the Obligors Borrower following a request for any advance of the Loan the Borrower shall pay to collect and/or deposit the cheque Lender interest at the Interest Rate for the period from the proposed Drawdown Date until the actual Drawdown date and such interest shall at the option of the Lender be retained from the relevant advance or otherwisepayable on demand or shall be added to and capitalised with the Loan. 8.6 Interest shall be payable throughout any period during which the Loan or any part of it remains due to the Lender on a monthly basis until the end of the Calendar Month in which the Loan is repaid in full and (for the avoidance of doubt) no credit shall be afforded on the repayment of the Loan or any part of it in respect of any balance of any interest accrued or due during or for the Calendar Month in which the Loan or any part of it is repaid for the period up to the expiry of such Calendar Month 8.7 On the occurrence of any Event of Default, the Borrower shall pay interest (both before and after judgment) at the Default Rate on all sums due from the Borrower to the Lender for each Calendar Month in which such Event of Default subsists and such interest shall be payable on demand by the Lender and in the absence of demand or payment shall be capitalised and compounded with the Loan monthly.