Common use of Interest and Repayment Clause in Contracts

Interest and Repayment. 3.1 After one year has lapsed since after the signing date of the Agreement, the Borrower is obliged to repay the Principal in 8 equal quarterly instalments, for the first time on [ ] and thereafter on the last day of each calendar quarter. 3.2 The Borrower may request, no more than two times, an extension of the redemption-free period as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free period. 3.3 The period for repayment of the Principal as set out in Article 3.1 can be extended at the request of the Borrower to a period equal to no more than 16 quarterly instalments. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 will be made by the Borrower together with a motivation, including documentation in support of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalments. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender. 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.

Interest and Repayment. 3.1 After one year has lapsed since after the signing date of the Agreement, the Borrower is obliged to repay the Principal in 8 equal quarterly instalments, for the first time on [ ] and thereafter on the last day of each calendar quarter. 3.2 The Borrower may request, no more than two times, an extension of the redemption-free period as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender Co-financer no later than 4 weeks prior to the end of the redemption-free period. 3.3 The period for repayment of the Principal as set out in Article 3.1 can be extended at the request of the Borrower to a period equal to no more than 16 quarterly instalments. The Borrower is required to submit such a request in writing to the Lender Co-financer no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 will be made by the Borrower together with a motivation, including documentation in support of the motivation, why the extension is desirable according to the Borrower. The Lender Co-financer will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalments. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the LenderCo-financer. Unless Borrower, the ROM and Co-Financer agree to different terms, early prepayment to the ROM and Co-Financer will be made equally, without preference and at the same time (pari passu). 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender Co-financer to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.

Interest and Repayment. 3.1 After one year has lapsed since after the signing date of the Agreement, the Borrower is obliged to repay the Principal in 8 equal quarterly instalments, for the first time on [ ] and thereafter on the last day of each calendar quarter. 3.2 The Borrower may request, no more than two times, an extension of the redemption-free period as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free period. 3.3 The period for repayment of the Principal as set out in Article 3.1 can be extended at the request of the Borrower to a period equal to no more than 16 quarterly instalments. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 will be made by the Borrower together with a motivation, including documentation in support of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. Lender can attach conditions to any grant of such a request, including the condition that also the Co-financer[s] [is]/[are] willing to provide an extension. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalments. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender. Unless Borrower, Lender and the Co-financer[s] agree to different terms, early prepayment to the Lender and the Co-financer[s] will be made equally, without preference and at the same time (pari passu). 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.

Interest and Repayment. 3.1 After one year has lapsed since after the signing date of the Agreement, the Borrower is obliged to repay the Principal in 8 equal quarterly instalments, for the first time on [ ] and thereafter on the last day of each calendar quarter. 3.2 The Borrower may request, no more than two times, an extension of the redemption-free period as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free period. 3.3 The period for repayment of the Principal as set out in Article 3.1 can be extended at the request of the Borrower to a period equal to no more than 16 quarterly instalments. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 will be made by the Borrower together with a motivation, including documentation in support of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. Lender can attach conditions to any grant of such a request, including the condition that also the Co-financer is willing to provide an extension. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalments. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender. Unless Borrower, Lender and Co-financer agree to different terms, early prepayment to the Lender and Co-financer will be made equally, without preference and at the same time (pari passu). 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.

Interest and Repayment. 3.1 After one year has lapsed since after The Borrower will pay Interest (if applicable) on each Drawdown made by the signing date Borrower of the Agreement, Facility and all other amounts due as provided in Key Fact Statement and the interest shall be compounded on a monthly basis. The Borrower is obliged to repay the Principal in 8 equal quarterly instalments, will be liable for the first time on [ ] entire Drawdown amount and thereafter shall pay the full amount for each Drawdown. However, in such cases, in the event the installment is not paid on the last day of each calendar quarterDue Date, all overdue amounts shall accrue Interest at the prescribed rate (“Overdue Charges”) which shall be computed from the respective due dates for payments and the interest shall be compounded on a monthly basis. 3.2 The Borrower acknowledges that in case of identified Purpose, Drawdown may request, no more than two times, an extension be allowed on zero interest basis and in such cases the return shall be made available to DMI by way of the redemptionone-free period time non-refundable upfront discount provided by vendors/healthcare institutions on selected Purposes as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free periodmutually agreed between DMI and vendor / its authorized representative. 3.3 The period tenure of each Drawdown shall be as provided in the Key Fact Statement. EMI shall be as calculated by DMI as required for amortization of Drawdowns within their respective tenure and Interest payable thereon and not exceeding the maximum EMI as provided in the Key Fact Statement. EMI shall only be towards principal outstanding and Interest thereon and does not include any default interest or any other charges payable by the Borrower pursuant to Financing Documents. 3.4 The payment of each EMI on time is the essence of the contract. The Borrower acknowledges that s/he has understood the method of computation of EMI and shall not dispute the same. 3.5 Notwithstanding anything stated elsewhere in the Financing Documents, all Borrower’s Dues, including EMI, shall be payable by the Borrower to DMI as and when demanded by DMI, at its sole discretion and without requirement of any reason being assigned. The Borrower shall pay such amounts, without any delay or demur, within 15 (fifteen) days of such demand. 3.6 DMI shall be entitled to prospectively revise the rate of interest / any other charges, and DMI may recompute the EMI /the number of EMI for repayment of outstanding Facility and interest. Any such change as intimated by DMI to Borrower, shall be applicable prospectively (if so required under any applicable law) and will be final and binding on the Principal Borrower. In case of such revision the Borrower shall be entitled to prepay, within 30 (thirty) days of such revision, the entire outstanding Facility along with accrued Interest (if applicable), without any prepayment penalty. 3.7 In case of delayed payments, without prejudice to all other rights of DMI, DMI shall be entitled to Overdue Charges (as set out prescribed in Article 3.1 can Key Fact Statement) from the Borrower for the period of delay. 3.8 The Borrower may pre-pay any Drawdown prior to its scheduled tenure only with the prior approval of DMI and subject to such conditions and prepayment charges, as stipulated by DMI. 3.9 The borrower shall be extended given an option to exit the loan by paying the principal and the proportionate APR, without any penalty, during a particular period (“Cooling off period”), as may be determined by DMI. The period so determined shall not be less than three days for loans having tenor of seven days or more and one day for loans having tenor of less than seven days. For borrowers continuing with the loan even after look-up period, pre-payment shall continue to be allowed as per extant RBI guidelines. 3.10 The Borrower shall bear all interest, tax, duties, cess duties and other forms of taxes whether applicable now or in the future, payable under any law at any time in respect of any payments made to DMI under the Financing Documents. If these are incurred by DMI, these shall be recoverable from the Borrower and will carry interest at the request rate of Overdue Charges from the date of payment till reimbursement. 3.11 Notwithstanding any terms and conditions to the contrary contained in the Financing Documents, the amounts repaid by the Borrower shall be appropriated firstly towards cost, charges, expenses and other monies; secondly towards Overdue Charges, if any; thirdly towards Interest; and lastly towards repayment of principal amount of a Facility. 3.12 Interest (if applicable), Overdue Charges and all other charges shall accrue from day to day and shall be computed on the basis of 365 days a year and the actual number of days elapsed. 3.13 If the due date for any payment is not a business day, the amount will be paid by Borrower on immediately succeeding business day. 3.14 All sums payable by the Borrower to a period equal to no more than 16 quarterly instalmentsDMI shall be paid without any deductions whatsoever. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 Credit/ discharge for payment will be made by the Borrower together with a motivation, including documentation in support given only on realization of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalmentsamounts due. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender. 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.

Interest and Repayment. 3.1 After one year has lapsed since after The Borrower will pay Interest (if applicable) on each Drawdown made by the signing date Borrower of the Agreement, Facility and all other amounts due as provided in Key Fact Statement and the interest shall be compounded on a monthly basis. The Borrower is obliged to repay the Principal in 8 equal quarterly instalments, will be liable for the first time on [ ] entire Drawdown amount and thereafter shall pay the full amount for each Drawdown. However, in such cases, in the event the installment is not paid on the last day of each calendar quarterDue Date, all overdue amounts shall accrue Interest at the prescribed rate (“Overdue Charges”) which shall be computed from the respective due dates for payments and the interest shall be compounded on a monthly basis. 3.2 The Borrower acknowledges that in case of identified Purpose, Drawdown may request, no more than two times, an extension be allowed on zero interest basis and in such cases the return shall be made available to DMI by way of the redemptionone-free period time non-refundable upfront discount provided by vendors/healthcare institutions on selected Purposes as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free periodmutually agreed between DMI and vendor / its authorized representative. 3.3 The period tenure of each Drawdown shall be as provided in the Key Fact Statement. EMI shall be as calculated by DMI as required for amortization of Drawdowns within their respective tenure and Interest payable thereon and not exceeding the maximum EMI as provided in the Key Fact Statement. EMI shall only be towards principal outstanding and Interest thereon and does not include any default interest or any other charges payable by the Borrower pursuant to Financing Documents. 3.4 The payment of each EMI on time is the essence of the contract. The Borrower acknowledges that s/he has understood the method of computation of EMI and shall not dispute the same. 3.5 Notwithstanding anything stated elsewhere in the Financing Documents, all Borrower’s Dues, including EMI, shall be payable by the Borrower to DMI as and when demanded by DMI, at its sole discretion and without requirement of any reason being assigned. The Borrower shall pay such amounts, without any delay or demur, within 15 (fifteen) days of such demand. 3.6 DMI shall be entitled to prospectively revise the rate of interest / any other charges, and DMI may recompute the EMI /the number of EMI for repayment of outstanding Facility and interest. Any such change as intimated by DMI to Borrower, shall be applicable prospectively (if so required under any applicable law) and will be final and binding on the Principal Borrower. In case of such revision the Borrower shall be entitled to prepay, within 30 (thirty) days of such revision, the entire outstanding Facility along with accrued Interest (if applicable), without any prepayment penalty. 3.7 In case of delayed payments, without prejudice to all other rights of DMI, DMI shall be entitled to Overdue Charges (as set out prescribed in Article 3.1 can Key Fact Statement) from the Borrower for the period of delay. 3.8 The Borrower may pre-pay any Drawdown prior to its scheduled tenure only with the prior approval of DMI and subject to such conditions and prepayment charges, as stipulated by DMI. 3.9 The borrower shall be extended given an option to exit the loan by paying the principal and the proportionate APR, without any penalty, during a particular period (“Cooling off period”), as may be determined by DMI. The period so determined shall not be less than three days for loans having tenor of seven days or more and one day for loans having tenor of less than seven days. For borrowers continuing with the loan even after look-up period, pre-payment shall continue to be allowed as per extant RBI guidelines. 3.10 The Borrower shall bear all interest, tax, duties, cess duties and other forms of taxes whether applicable now or in the future, payable under any law at any time in respect of any payments made to DMI under the Financing Documents. If these are incurred by DMI, these shall be recoverable from the Borrower and will carry interest at the request rate of Overdue Charges from the date of payment till reimbursement. 3.11 Notwithstanding any terms and conditions to the contrary contained in the Financing Documents, the amounts repaid by the Borrower shall be appropriated firstly towards cost, charges, expenses and other monies; secondly towards Overdue Charges, if any; thirdly towards Interest; and lastly towards repayment of principal amount of a Facility. 3.12 Interest (if applicable), Overdue Chsrges and all other charges shall accrue from day to day and shall be computed on the basis of 365 days a year and the actual number of days elapsed. 3.13 If the due date for any payment is not a business day, the amount will be paid by Borrower on immediately succeeding business day. 3.14 All sums payable by the Borrower to a period equal to no more than 16 quarterly instalmentsDMI shall be paid without any deductions whatsoever. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires. 3.4 A request as referred to in Article 3.2 or 3.3 Credit/ discharge for payment will be made by the Borrower together with a motivation, including documentation in support given only on realization of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalmentsamounts due. 3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender. 3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower. 3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.