Interest Reset. 1.4.1 The rate of interest stipulated will be subject to revision during the tenure of the Loan and shall be reset, depending on the Cost of fund of the Lender or depending on the directives of Reserve Bank of India from time to time. The said revision, if any, shall be intimated to the Borrower through any of the accepted modes of communication by the Lender.
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement, Secured Loan Agreement
Interest Reset. 1.4.1 2.4.1. The rate of interest Interest stipulated will be subject to revision during the tenure of the Loan and shall be reset, depending on reset as per the Cost of fund of terms laid down in the Lender or depending on the directives of Reserve Bank of India from time to time. The said revision, if any, shall be intimated to Schedule and the Borrower through any of the accepted modes of communication by the Lendershall thereafter pay interest at such reset rate.
Appears in 4 contracts
Samples: Loan Agreement, Facility Agreement, Loan Agreement
Interest Reset. 1.4.1 The rate of interest stipulated will be subject to revision during the tenure of the Loan and shall be reset, depending on the change in the Marginal Cost of fund Funds based Lending Rate (MCLR) of the Lender or depending on the directives of Reserve Bank of India from time to time. The said revision, if any, shall be intimated to the Borrower through any of the accepted modes of communication by the Lender.
Appears in 1 contract
Samples: Business Loan Agreement
Interest Reset. 1.4.1 2.4.1. The rate of interest Interest stipulated will be subject to revision during the tenure of the Loan and shall be reset, depending on the change in the Marginal Cost of fund Funds Based Lending Rate (“MCLR”) of the Lender Bank or depending on the directives of Reserve Bank of India from time to time. The said revision, if any, shall be intimated to the Borrower through any of the accepted modes of communication by the Lender.
Appears in 1 contract
Samples: Loan Agreement
Interest Reset. 1.4.1 2.5.1 The rate of interest Interest stipulated will be subject to revision during the tenure of the Loan and shall be reset, depending on the change in the Marginal Cost of fund Funds Based Lending Rate (“MCLR”) of the Lender Bank or depending on the directives of Reserve Bank of India (“RBI”) from time to time. The said revision, if any, shall be intimated to the Borrower through any of the accepted modes of communication by the Lender.
Appears in 1 contract
