Other Conditions for Disbursement. (a) Non-existence of Event of Default: No Event of Default as defined in Article 7 shall have happened.
Other Conditions for Disbursement. The obligation of Bank to make any disbursement under the loan Agreement shall be subject to the Borrower performing all his/her obligation and undertakings under this Agreements and also abide subject to the conditions that:
Other Conditions for Disbursement. The obligation of AUSFB to make any disbursements under the Loan Agreement shall also be subject to the conditions that:
(a) Non-existence of Event of Default: No event of default as defined in Article 7 shall have happened.
Other Conditions for Disbursement. The obligation of BANDHAN BANK to make any disbursements under the Loan Agreement shall also be subject to the conditions that:
Other Conditions for Disbursement. The obligation of the Bank to make any disbursements under the Loan Agreement shall also be subject to the conditions that:
(a) Non-existence of Event of Default: No event of default as defined in Article 7 shall have happened.
Other Conditions for Disbursement. The obligation of LIC to subscribe to the privately placed Debenture of Rs. 100 Crore shall also be subject to the following conditions:
Other Conditions for Disbursement. The obligation of Federation to make any disbursements under the Loan Agreement shall also be subject to the conditions that:
(a) Non-existence of Event of Default
Other Conditions for Disbursement. The obligation of the Lender to make disbursement of the Loan or any tranche thereof under this Agreement shall also be subject to the following conditions: EVENT OF DEFAULT: No Event of Default shall have occurred. EVIDENCE OF UTILIZATION OF DISBURSEMENT: Any disbursement of the Loan and/or tranche thereof shall at the time of request therefore be required immediately by the Borrower for the sole and exclusive purpose of the Borrower as stated in the Loan Application, and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement of the Loan or any tranche thereof as is satisfactory to the Lender. EXTRAORDINARY CIRCUMSTANCES: No extraordinary or other circumstances shall have occurred which shall make it improbable for the Borrower to fulfill his/its obligations under this Agreement.
Other Conditions for Disbursement. The obligation of CFHL to make any disbursements under the loan agreement shall be subject to the conditions that;
(a) Non-existence of event of default. No event of default as defined in Article 7 shall have happened.
(b) Evidence for utilization of disbursement. Such disbursement shall, at the time of request therefore, be needed immediately by the borrower for the purpose of purchase or construction of the property, as the case may be, and the borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by CFHL and an approved plan and agreement with contractor/agreement to sell shall be produced.
(c) Extraordinary circumstances No extra ordinary circumstances shall have occurred which shall make it improbable for the borrower to fulfill his obligations under this Agreement.
(d) Utilization of prior disbursement The borrower shall have satisfied CFHL about the utilization of the proceeds of any prior disbursements.
(e) Pending legal proceedings The borrower shall have furnished a declaration to the effect that there is no action, suit, proceedings or investigation pending or to the knowledge of the borrower threatened by or against the borrower before any Court of Law or government authority or any other competent authority which might have a material effect on the financial and other affairs of the borrower or which might put into question the validity or performance of this loan agreement or any of its terms and conditions.
Other Conditions for Disbursement. (a) Non-existence of event of default: No event of default as defined in Article 7 shall have happened.
(b) Evidence for utilization of disbursement: Such disbursement shall at the time of request therefore be needed immediately by the borrower for the purpose of purchase or construction of the property as the case may be and the borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by IHFL.
(c) Evidence for construction on residential plot purchased: The Borrower shall furnish evidence of the construction of house/residential unit on the plot purchased to the full satisfaction of IHFL within the period of three years from the date of availing loan facility. In the event of failure to complete the construction of house/ residential unit, within the stipulated period of three years, the said loan will be classified as Non Home Loan and the rate of interest shall be reset subsequent to such classification.
