Recall of the Loan by the Bank Sample Clauses

Recall of the Loan by the Bank. The Borrower agrees that the Bank shall be entitled to, at any time, in its discretion, recall the Loan by giving to the Borrower notice in writing. It is specified that the repayment schedule set out in the Schedule(s) hereto is without prejudice to the Bank’s right to recall the entire Loan and to demand payment of the Loan. Upon the expiry of the period of notice, if any given, the Loan shall immediately stand repayable by the Borrower to the Bank.
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Recall of the Loan by the Bank a) The Borrower/Co-Borrower(s) agrees that the Bank shall be entitled to, at any time, in its sole discretion, recall the Loan by giving the Borrower/Co-Borrower(s) 14 days’ notice in writing. It is specified that the repayment mentioned in the Schedule set out herein is without prejudice to the Bank’s right to recall the entire Loan and to demand payment of the Loan Balance.
Sample 1Sample 2
Recall of the Loan by the Bank. Notwithstanding anything stated in this Agreement, the continuation of the Loan or any part thereof shall be at sole and absolute discretion of the Bank and the Borrower agrees that the Bank shall be entitled to, at any time, in its discretion and without assigning any reason, cancel/ recall the Loan and call upon the Borrower to pay the Outstanding Balance. It is specified that the repayment schedule set out in the Schedule hereunderor as applicable from time to time, is without prejudice to the Bank’s right to recall the entire Loan and to demand payment of the Outstanding Balance(s). Any such demand by the Bank shall constitute sufficient notice of such cancellation/recall and upon such demand by the Bank, the Borrower shall pay forthwith the whole of the Outstanding Balance to the Bank without any delay or demur or protest or set-off or counterclaim. In addition to the aforestated, the Bank shall also be entitled to recall the Loan for reasons including where the Borrower/ Guarantor has not repaid three consecutive EMIs/ Installments, dishonour of any PDCs, discontinuance by the Borrower of his studies or failure to complete the Course within the Course Period or where the Borrower is not in a position to repay the Loan and/or any Outstanding Balance or any part thereof or has committed any breach/ default in respect of any provisions of this Agreement
Sample 1
Recall of the Loan by the Bank. Notwithstanding anything stated in this Agreement, the continuation of the Loan shall be at sole and absolute discretion of the Bank and the Borrower agrees that the Bank shall be entitled to, at any time, in its discretion and without assigning any reason, cancel/recall the Loan and call upon the Borrower to pay the Outstanding Balance. It is specified that the repayment schedule set out in Agreement Schedule is without prejudice to the Bank's right to recall the entire Loan and to demand payment of the Outstanding Balance(s). Any such demand by the Bank shall constitute sufficient notice of such cancellation/recall and upon such demand by the Bank, the Borrower shall pay forthwith the whole of the Outstanding Balance to the Bank without any delay or demur or protest or set-off or counterclaim.
Sample 1

Related to Recall of the Loan by the Bank

  • Termination by the Funder The Funder may terminate this Agreement by providing ten (10) calendar days written notice to the Claimholder after the occurrence of any of the following events. The notice shall reasonably describe the alleged breach which is the basis of such termination and clearly state the Funder’s intent to terminate this Agreement if the alleged breach is not cured within ten (10) calendar days of the Claimholder’s receipt of the notice.

  • Termination by the City 96.1. In addition to termination pursuant to any other article of this Contract, the Commissioner may, at any time, terminate this Contract by written notice to the Contractor. In the event of termination, the Contractor shall, upon receipt of such notice, unless otherwise directed by the Commissioner:

  • Termination by the School The School may terminate this agreement:

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

  • Modification by the Parties The Parties may by mutual agreement amend the Appendices to this Agreement, by a written instrument duly executed by all three of the Parties. Such an amendment shall become effective and a part of this Agreement upon satisfaction of all Applicable Laws and Regulations.

  • Termination by the Customer The Customer may terminate this Agreement by providing a written notice of termination to the Transfer Agent, specifying the date as of which this Agreement will terminate, which may be any date, including the date such written notice is provided, provided the circumstances described below giving rise to the termination right are continuing at the time of the Transfer Agent’s receipt of such written notice, if as a result of an Event Beyond Reasonable Control:

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the University i) The university may terminate this agreement under the following circumstances:

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period.

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