Common use of Penal Charges Clause in Contracts

Penal Charges. The borrower shall be liable to pay penal charges if any levied by the Banks on account of cheque bouncing, cheque swapping or on return of any cheque issued by the borrower.

Appears in 6 contracts

Samples: Lender Registration Agreement, Lender Registration Agreement, Lender Registration Agreement

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Penal Charges. The borrower shall be liable to pay penal charges if any levied by the Banks banks on account of cheque bouncing, cheque swapping or on return of any cheque issued by the borrower.

Appears in 6 contracts

Samples: Borrower Registration Agreement, Borrower Registration Agreement, Borrower Registration Agreement

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