Place and Mode of Payment by the Borrower Sample Clauses

Place and Mode of Payment by the Borrower. All moneys due and payable by the Borrower to IHFL under or in terms of this Agreement shall be paid at the registered office or the concerned regional /branch office of IHFL by cheque or bank draft, drawn in favor of IHFL on a bank in the town or city where such registered office/branch/regional office is situated or in any other manner as may be approved by IHFL and shall be so paid as to enable IHFL to realize the amount sought to be paid on or before the Due Date to which the payment relates. Credit for all payments by cheque/bank draft drawn will be given only on realization thereof by IHFL. The Borrower may choose to pay the regular EMI vide standing instruction to his banker or by selecting electronic clearing system, for payment on Due Date(s).
AutoNDA by SimpleDocs
Place and Mode of Payment by the Borrower a) The Borrower understands & undertakes that the Loan and all dues shall be amortized by any of the following modes: (i) ACH (ii) Deduction at source from salary (iii) Such other mode as may be approved by the Lender. All monies due and payable by the Borrower to the Lender under or in terms of this Agreement shall be paid at the registered office or the concerned regional/ branch office of the Lender by cheque or bank draft, drawn in favour of the Lender on a scheduled bank in the town or city where such registered office/ branch/ regional office is situated where the Lender has an account or ACH executed in favour of the Lender or in any other manner as may be approved by the Lender and shall be so paid as to enable the Lender to realize the amount sought to be paid on or before the due date to which the payment relates. Credit for all payments by cheque/ bank draft drawn will be given only on realization thereof by the Lender.
Place and Mode of Payment by the Borrower. All the monies payable by the Borrower to the Lender shall be made directly to the Lender to any of its branches /offices as may be specified by them by Real Time Gross Settlement or such other electronic mode acceptable to the Lender to the account of such office (s). Credit for payment will be given on realization of the amount by the Lender or the relative due date, whichever is later.
Place and Mode of Payment by the Borrower. All monies due and payable by the Borrower to BANDHAN BANK under the terms of this Agreement shall be paid at the registered office or the concerned regional/branch office of BANDHAN BANK by cheque, or bank draft, drawn in favour of BANDHAN BANK on a scheduled bank in the town or city where such registered office/branch/regional office is situated or in any other manner as may be approved by BANDHAN BANK and shall be so paid as to enable ‘BANDHAN BANK to realise the amount sought to be paid on or before the due date to which the payment relates. Credit for all payments by cheque/bank draft drawn will be given only on realisation thereof by BANDHAN BANK.
Place and Mode of Payment by the Borrower. All monies due and payable by the Borrower toAUSFB under or in terms of thisAgreement shall be paid at the registered office or the concerned regional/ branch office ofAUSFB by cheque or bank draft/RTGS/NEFT/ SI/ACH/NACH, drawn in favour ofAUSFB on a bank in the town or city where such registered office/branch/regional office is situated or in any other manner as may be approved by AUSFB and shall be so paid as to enable AUSFB to realise the amount sought to be paid on or before the Due Date to which the payment relates. Credit for all payments by cheque/ bank draft drawn/ACH/NACH will be given only on realisation thereof by AUSFB.
Place and Mode of Payment by the Borrower. All monies payable by the Borrower to IREDA shall be paid to them at New Delhi by cheque or by bank draft drawn in favour of IREDA on a scheduled bank at New Delhi and shall be so paid as to enable the IREDA to realise, at par, the amount on or before the relative due date. Credit for all payments by local cheque/bank draft will be given on the Lenders' immediately next working day after the date of receipt of the instrument or the relative due date whichever is later. Credit for all payments made by outstanding cheques/Bank Draft will be given only on realisation or on the relative due date whichever is later.
Place and Mode of Payment by the Borrower. (a) All moneys due and payable by the borrower to IHFL under or in terms of this Agreement shall be paid at the registered office or the concerned regional /branch office of IHFL by cheque or bank draft, drawn in favor of IHFL on a bank in the town or city where such registered office/branch/regional office is situated or in any other manner as may be approved by IHFL and shall be so paid as to enable IHFL to realize the amount sought to be paid on or before the due date to which the payment relates. Credit for all payments by cheque/bank draft drawn will be given only on realization thereof by IHFL. The borrower may choose to pay the regular EMI vide standing instruction to his banker or by selecting electronic clearing system, for payment on due date(s). (b) Notwithstanding anything to the contrary contained in this Agreement, or any other document or writing, IHFL shall have the right to receive and to apply/adjust/appropriate any monies that it may receive in connection with any insurance policy(s) wherein IHFL is a loss payee/ beneficiary/assignee against the amounts outstanding under Loan and, if applicable or necessary, vary the applicable Schedule, in any manner as it may deem fit, or cause the monies received to be appropriated for repayment or payment of any amount due to it on the respective due dates.
AutoNDA by SimpleDocs
Place and Mode of Payment by the Borrower. All cheques or demand drafts towards payment under this Agreement shall be drawn in favour of IHFL on a bank in the town or city where the Office of IHFL is situated and in case the Borrower is a NRI, drawn out of the Borrower's NRE/FCNR/NRO account maintained in
Place and Mode of Payment by the Borrower. All monies due and payable by the Borrower to the Bank under or in terms of this Agreement shall be paid at the registered office or the concerned regional/ branch office of the Bank by cheque or bank draG/RTGS/NEFT/SI/ACH/NACH/ECS, drawn in favour of the Bank on a bank in the town or city where such registered office/branch/regional office is situated or in any other manner as may be approved by the Bank and shall be so paid as to enable the Bank to realise the amount sought to be paid on or before the Due Date to which the payment relates. Credit for all payments by cheque/bank draG drawn SI/ACH/NACH will be given only on realisation thereof by the Bank.

Related to Place and Mode of Payment by the Borrower

  • Payment of Other Taxes by the Borrowers Without limiting the provisions of subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!