Common use of REMEDIES OF THE LENDER Clause in Contracts

REMEDIES OF THE LENDER. 8.1 If one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 If (a) Upon any default under this General Security Agreement, the Lender may declare any or all of the Indebtedness to be immediately due and payable and the Lender may proceed to realize the security hereby constituted and to enforce its rights by entry or by the appointment by instrument in writing of a receiver or receivers of all or any part of the Collateral and such receiver or receivers may be any person or persons, whether an officer or officers or employee or employees of the Lender or not, and the Lender may remove any receiver or receivers so appointed and appoint another or others in his or their stead; or by proceedings in any court of competent jurisdiction for the appointment of a receiver or receivers or for sale of the Col- lateral or any part thereof; or by any other action, suit, remedy or proceeding authorized or permitted hereby or by law or by equity; and may file such proofs of claim and other documents as may be necessary or advisable in order to have its claim lodged in any Bankruptcy, winding-up or other judicial proceedings relative to the Assignor. (b) Any such receiver or receivers so appointed shall have power: (i) to take possession of the Collateral or any part thereof and to carry on the business of the Assignor; (ii) to borrow money required for the maintenance, preservation or protection of the Collateral or any part thereof or the carrying on of the business of the Assignor; (iii) to further charge the Collateral in priority to the Security Interest as security for money so borrowed; and (iv) to sell, lease or otherwise dispose of the whole or any part of the Collateral on such terms and conditions and in such manner as he shall determine. In exercising any powers any such receiver or receivers shall be deemed to act as agent or agents for the Assignor and the Lender shall not be responsible for the actions of such agent or agents. (c) In addition, the Lender may enter upon and lease or sell the whole or any part or parts of the Collateral and any such sale may be made hereunder by public auction, by public tender or by private contract, with or without notice, advertising or any other formality, all of which are hereby waived by the Assignor, and such sale shall be on such terms and conditions as to credit or otherwise and as to upset or reserve bid or price as to the Lender in its sole discretion may seem advantageous and such sale may take place whether or not the Lender has taken such possession of such Collateral. (d) No remedy for the realization of the security hereof or for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other such remedy, and any one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice such remedies may from time to the Borrower may declare the principal and all accrued interest and charges on the Loan which may time be payable by the Borrower under exercised indepen- dently or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, combination. (e) The term “receiver” as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary used in this General Security Agreement or any other agreement/s or documentsincludes a receiver and manager. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 If one or more of Subject to Section 5.7, upon the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment occurrence of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall have the right, if such Default shall then be entitled to communicatecontinuing, in addition to all the remedies conferred upon the Lender by law or equity or the terms of any manner it may deem fitLoan Document, to do any or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work all of the following, concurrently or successively, without notice to the Borrower: (a) Declare the Senior Notes to be, and each of the Senior Notes shall thereupon become, immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or in either of the Senior Notes to the contrary notwithstanding; or (b) Terminate the Lender’s obligations under this Agreement to extend credit of any kind or to make any disbursement, whereupon the commitment and obligation of the Lender to extend credit or to make disbursements hereunder shall terminate; or (c) Exercise all of its rights and remedies at law, in equity and/or pursuant to the Pledge Agreement and any document delivered pursuant thereto, including foreclosing on the Pledged Stock. Notwithstanding anything to the contrary contained herein, upon the occurrence of a Default pursuant to item (h) or clause (iii) of item (g) or item (l) of Section 5.1, without notice by the Lender to, or demand by the Lender of, the Borrower, the Senior Notes shall become immediately due and payable. The Borrower shall pay to the Lender, upon demand, all expenses (including, without limitation, attorneys’ fees and expenses) of obtaining such judgment or decree or of otherwise seeking to enforce its rights under this Agreement or any of the other Loan Documents or other related documents; and all such expenses, as determined by the Lender in its sole and absolute discretion, shall, until paid, be secured by the Loan Documents and shall bear interest at the Default Rate of Interest.

REMEDIES OF THE LENDER. 8.1 If one or more Upon the occurrence of the Events an Event of Defaults shall have occurredDefault, then, without prejudice to the Lender's rights and remedies under contract or law, by a written and without necessity of any demand upon or notice to the Borrower may declare the principal and Borrower, all accrued interest and charges on the Loan of which may be payable are hereby expressly waived by the Borrower under or in terms of this Agreement and/or any other agreementsBorrower, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary contained herein or in this Agreement any of the other Transaction Documents, the Lender may at its absolute discretion and at the cost of the Borrower, pursue any or all the following, and whether simultaneously or independently or otherwise: A. Cancel the Facility (if undrawn); B. Accelerate the Facility and declare the Borrower's Dues, immediately due and payable; C. Enforce the Security or any other agreement/s part thereof; D. Require a concurrent audit of the Borrower to be done, in such manner and upon such terms and conditions as the Lender may provide for; E. Restrict the Borrower from making any payments to any of its shareholders or documents.affiliates, whether in the form of dividend payments or otherwise; 8.2 If F. Stipulate any Event of Default further terms and conditions as the Lender deems fit with respect to Transaction Documents; G. The right to convert (which right is hereinafter referred to as “the Conversion Right”), at its option, either the whole or any event, which, after part of the Borrower's Dues into fully paid up and voting equity shares of the Borrower at par or book value of such shares or such other value as the Lender may determine whether as part of any strategic debt restructuring scheme/ other scheme as the Lender may determine or otherwise. Such conversion shall take place in a manner specified in a notice or lapse in writing to be given by the Lender to the Borrower prior to the date on which the conversion is to take effect stipulated in such notice. On receipt of time or both, would constitute an Event notice of Default shall have happenedconversion, the Borrower shall forthwith give take all actions to, and shall, allot and issue the requisite number of fully paid up and voting equity shares to the Lender notice thereof as from the date of conversion. The equity shares so allotted and issued to the Lender shall carry from the date of conversion the right to receive the dividends and other distribution declared or to be declared in writing specifying respect of the equity share capital of the Borrower and shall rank pari passu with the other fully voting equity shares of the Borrower in all respects. The Conversion Right reserved as aforesaid may be exercised by the Lender on one or more occasions at all times up to the Final Settlement Date and shall be exercisable by the Lender without prejudice to the rights available to the Lender under the Transaction Documents and/or Applicable Law; H. The Lender shall have a right to review the management set up or organisation of the Borrower and to require the Borrower to restructure it as may be considered necessary by the Lender, including the formation of management committees with such Event powers and functions as may be considered suitable by the Lender. The Borrower shall promptly comply with all such requirements of Defaultthe Lender; I. Exercise any of the rights set out in Article 12 of this Agreement; J. To take all steps and actions as may be required to enable the Lender to exercise Control over the Borrower including, without limitation, steps pursuant to Article 8.1 K below; K. If the Borrower is a company, appoint such number of nominee/ whole time director(s) on the Board of Directors of the Borrower that would constitute a majority ('Nominee Director/s') as the Lender may deem fit or such event. 8.3 All reasonable as may be specified in the Schedule hereto and any costs incurred by Xxxxxx after an Event the Lender in relation to such appointment shall be borne by the Borrower and the Borrower shall do all acts, deeds and things necessary in this regard, including but not limited to making necessary alterations to its memorandum of Default has occurred association/ articles of association as may be required; and L. Exercise any other rights that the Lender may have under Applicable Law, any other law for the time being in connection withforce, the Transaction Documents. 8.2 Notwithstanding anything to the contrary contained in any of the Transaction Documents: A. Upon the occurrence of following events: i) Preservation Filling of any application by any Person against any of the Obligors or by any Obligor itself, before any forum under the IBC, or passing of any resolution of directors or of members or declaration of partners, for the purposes of/ towards/recommending filing of any proceedings or application for initiation of insolvency resolution process or fast track resolution process or voluntary liquidation process or fresh start process or bankruptcy or any kind of insolvency/resolution/liquidation/bankruptcy process by whatever name called in relation to any of the Obligors; ii) Issuance of any demand notice by any of the creditors including the operational creditors under Section 8 of the IBC to any of the Obligors demanding the payment of amount involved in default as mentioned therein or threatening filing of any proceedings for initiation of the insolvency resolution process; iii) Any seizure, confiscation, possession of the Property or any part thereof or similar action or issuance of any notice therefor or any notice in the nature of garnishee issued by any of the Authorities in relation to any of the Obligors or any of their assets; iv) Any action or event which shall trigger initiation of any moratorium or standstill of any nature, whether by statutory operation or otherwise under any Applicable Law, in relation to any of the Obligors or any of their assets; the Borrower's Property Dues shall stand accelerated forthwith (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as unless expressly waived by the Lender shall specify. 8.4 The Lender may issue in writing) without any certificate as regards payment further act, deed or provision of any amounts paid notice by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicateexercise all rights available to it under the Transaction Documents, Applicable Law or otherwise in any manner it may deem fit, to or with any person or persons with a view to receiving assistance respect of such person or persons Event of Default including, without limitation, the enforcement of all Security Interests created in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work favour of the BorrowerLender in respect of the Loan Facility.

REMEDIES OF THE LENDER. 8.1 If one Upon demand or more the occurrence of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicateexercise such rights as the Lender may have under any of the Security Documents or at law including all or any of the rights and powers following:- (a) the right to terminate the license and/or to enter and take possession of the Said Property or any part or parts thereof; (b) the right to let, lease or demise the Said Property or any part or parts thereof for such tenancy or term of year at such rent and generally upon such terms as the Lender in its absolute discretion shall think fit; (c) the right and power to sell and assign the Said Property by public auction, tender or private treaty as the absolute unencumbered owner thereof at such price or prices and in such matter as the Lender shall in its absolute discretion think fit free from any manner it may deem fitinterest of the Assignor(s) hereunder or otherwise and the right to bid at any such sale; (d) the right to xxx and institute by way of civil suit or action for the recovery of the Facilities interest thereon and all other monies payable hereunder, to whether before first realising the Said Property or otherwise or concurrently with any person of the other rights and remedies of the Lender herein or persons with a view at law. AND the Borrower(s) shall and hereby expressly agree(s), covenant(s) and undertake(s) to receiving assistance do and execute or cause the Assignor(s) as the case may be to do and execute all acts, deeds, instruments and things which the Lender may require or stipulate for the purpose of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property effecting and/or completing anything and/or any place of work transaction mentioned in this Section herein but without prejudice to the powers or the rights of the Borrower.Lender in its capacity as the beneficial owner of the Said Property by virtue of the Assignment

REMEDIES OF THE LENDER. 8.1 a) The remedies discussed herein shall be without prejudice to the rights and remedies available to the Lender under equity and under Applicable Law. b) If one or more of the Events of Defaults events specified in this clause shall have occurred, thenthe Lender may, by issuing 7 (Seven) days' notice in writing to the Borrower, declare that the principal amount of the Loan and all accrued Interest has become payable forthwith by the Borrower to the Lender. The Lender may, at its sole discretion, terminate the Agreement. The events triggering this action include: i. Failure of the Borrower to pay the loan or processing fee, insurance charge, and insurance premium or if any EMI or any other amount due remains unpaid for a period of 30 (Thirty) days from the Due Date. ii. Breach of the terms and conditions and covenants under the Agreement or these Terms and Conditions by the Borrower. iii. Any information/document submitted by the Borrower to the Lender is found false or incorrect. iv. Adverse material change of the Borrower, as a result of which the Lender deems itself to be insecure or the Borrower has been declared insolvent, or there exists any other circumstance which, in the sole opinion of the Lender, jeopardizes the Lender's interest. v. Usage of proceeds of the Loan by the Borrower for any purpose which may be deemed illegal, antisocial, or speculative, including but not limited to participation in stock markets/IPOs. vi. Proceedings for misconduct are taken against the Borrower by any Government, Quasi- Government, or other authority. vii. If the whereabouts of the Borrower are not known for a written period of 30 (Thirty) days or more. c) If the Borrower fails to pay any amounts on the Due Date or which may be declared due prior to the Due Date or commits any other default under any agreement (including the Agreement) in favor of the Lender, the Lender shall, without prejudice to any of its rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the agreements entered into by the Borrower in favor of the Lender. The Lender may withhold applicable amounts/documents of the Borrower and/or terminate, without any notice to the Borrower may declare Borrower, any of the principal and all accrued interest and charges on agreements (including the Loan which Agreement) in favor of the Lender at the sole discretion of the Lender. d) The remedies may be payable exercised by the Lender through its representatives, servants, officers, agents, third- party/recovery agents, and/or such other person as may be appointed by the Lender. The Lender shall, without prejudice to its rights to perform the remedies by itself, perform the remedies through its representatives, servants, officers, agents, third-party/recovery agents, and/or such other person as may be appointed by the Lender. The Lender may delegate to such representative, servant, officer, agent, third- party/recovery agent, and/or such other person all or any of its functions, rights, and powers under the Facility Documents relating to the administration of the Loan. This includes the rights and authority to collect and receive, on behalf of the Lender, from the Borrower all dues and unpaid installments and other amounts due by the Borrower under the Facility Documents. The Lender is also authorized to perform and execute all lawful acts, deeds, matters, and things connected therewith and incidental thereto, including sending notices, contacting the Borrower, receiving cash/cheques/drafts/mandates, etc., from the Borrower, and giving valid and effectual receipts and discharge to the Borrower. For the purposes aforesaid or in terms of this Agreement and/or for any other agreements, documents subsisting between purposes at the Borrower and discretion of the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicatedisclose to such third parties all information pertaining to the Obligors and the Loan. Notwithstanding the above, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property Lender (and/or any place of work such third party as the Lender may select) may contact any third parties (including the family members of the BorrowerObligors) and disclose all necessary or relevant information pertaining to the Obligors and the Loan. The Obligors shall have the right to disagree with this right of the Lender at any time, and the Lender shall consider such requests if the Obligor serves upon the Lender requisite request in writing in advance in this regard.

REMEDIES OF THE LENDER. 8.1 If one or more of Upon the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment occurrence of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall may, without notice to or demand upon the Borrower, which are expressly waived by the Borrower (except for notices or demands otherwise required by applicable Laws to the extent not effectively waived by the Borrower and any notices or demands specified in the Loan Documents), exercise any one or more of the following Remedies as the Lender may determine: (a) the Lender may, at its option, terminate all commitments to make Disbursements, or the Lender may waive the Event of Default or, without waiving, determine, upon terms and conditions satisfactory to the Lender, to make further Disbursements; (b) the Lender may declare the unpaid principal of the Note and all accrued interest and other amounts payable under the Loan Documents to be entitled to communicateimmediately due and payable, in which event all such amounts shall immediately be due and payable without protest, presentment, notice of dishonor, demand or further notice of any manner it kind, all of which are expressly waived by the Borrower; (c) the Lender may deem fit, to or with perform any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower's Obligations in such manner as the Lender may determine; (d) the Lender may, either directly or through an agent or court-appointed receiver, take possession of the Collateral and enter into such contracts and take such other action as the Lender deems appropriate to complete or partially construct all or any part of the Improvements, subject to such modifications and changes in the Project or the plan of development as the Lender may deem appropriate; and (e) the Lender may proceed to protect, exercise and enforce any and all other Remedies provided under the Loan Documents or by applicable Laws. All costs, expenses, charges and advances of the Lender in exercising any such Remedies (including any such amounts which cause the obligations of the Borrower to exceed the face amount of the Note) shall be payable by the Borrower to the Lender in accordance with Section 4.12. Each of the Remedies of the Lender provided in the Loan Documents is cumulative and not exclusive of, and shall not prejudice, any other Remedy provided in the Loan Documents or by applicable Laws. Each Remedy may be exercised from time to time as often as deemed necessary by the Lender, and in such order and manner as the Lender may determine. No failure or delay on the part of the Lender in exercising any Remedy shall operate as a waiver of such Remedy; nor shall any single or partial exercise of any Remedy preclude any other or further exercise of such Remedy or of any other Remedy. No application of payments, or any advances or other action by the Lender, will cure or waive any Event of Default or prevent acceleration, or continued acceleration, of amounts payable under the Loan Documents or prevent the exercise, or continued exercise, of any Remedies of the Lender.

REMEDIES OF THE LENDER. 8.1 If one or more of Upon the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment occurrence of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall may, without notice to or demand upon the Borrower, which are expressly waived by the Borrower (except for notices or demands otherwise required by applicable Laws to the extent not effectively waived by the Borrower and any notices or demands specified in the Loan Documents), exercise any one or more of the following Remedies as the Lender may determine: (a) the Lender may, at its option, terminate all commitments to make Disbursements, or to release any Collateral from the Mortgage, or the Lender may waive the Event of Default or, without waiving, determine, upon terms and conditions satisfactory to the Lender, to make further Disbursements, or to release any Collateral from the Mortgage; (b) the Lender may declare the unpaid principal of the Notes and all accrued interest and other amounts payable under the Loan Documents to be entitled to communicateimmediately due and payable, in which event all such amounts shall immediately be due and payable without protest, notice of dishonor, demand or further notice of any manner it kind, all of which are expressly waived by the Borrower; (c) the Lender may deem fit, to or with perform any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower's Obligations in such manner as the Lender may determine; (d) the Lender may, either directly or through an agent or court-appointed receiver, take possession of the Collateral and enter into such contracts and take such other action as the Lender deems appropriate to complete or partially construct all or any part of the Improvements, subject to such modifications and changes in the Project or the plan of development as the Lender may deem appropriate; and (e) the Lender may proceed to protect, exercise and enforce any and all other Remedies provided under the Loan Documents or by applicable Laws. All reasonable costs, expenses, charges and advances of the Lender in exercising any such Remedies (including any such amounts which cause the obligations of the Borrower to exceed the face amount of the Note) shall be payable by the Borrower to the Lender in accordance with Section 6.12. Each of the Remedies of the Lender provided in the Loan Documents is cumulative and not exclusive of, and shall not prejudice, any other Remedy provided in the Loan Documents or by applicable Laws. To the maximum extent allowed by law, each Remedy may be exercised from time to time as often as deemed necessary by the Lender, and in such order and manner as the Lender may determine. No failure or delay on the part of the Lender in exercising any Remedy shall operate as a waiver of such Remedy; nor shall any single or partial exercise of any Remedy preclude any other or further exercise of such Remedy or of any other Remedy. No application of payments, or any advances or other action by the Lender, will cure or waive any Event of Default or prevent acceleration, or continued acceleration, of amounts payable under the Loan Documents or prevent the exercise, or continued exercise, of any Remedies of the Lender.

REMEDIES OF THE LENDER. 8.1 14.1 If one or more of the Events any Event of Defaults shall have occurredoccurs, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan Outstanding Obligations and/or any other amounts which may be payable by the Borrower under or in terms of this Agreement the Transaction Documents and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement the Transaction Documents or any other agreement/s or documents. 8.2 14.2 On the happening of any Event of Default, such defaulted amount shall carry Additional Interest, computed from the respective Due Dates and shall be compounded on monthly basis. 14.3 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default Default, shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 14.4 All reasonable costs incurred by Xxxxxx Lender after an Event of Default has occurred in connection with: (i) Preservation of the Borrower's Property (whether now or hereafter existing); or (ii) Collection of amounts due under this Agreement the Transaction Documents may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 14.5 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to the Lender in terms of this Agreement the Transaction Documents only if the Borrower has paid all Outstanding Obligations and other amounts due under this Agreement the Transaction Documents to the Lender and the Borrower has complied with all the terms of this Agreementthe Transaction Documents. 8.5 In 14.6 The Borrower agrees that any security provided by the Borrower to the Lender under any other credit facility shall be available to the Lender under this Agreement upon the occurrence of an Event of Default under this Agreement and vice versa. 14.7 On the occurrence of an Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person Person or persons Persons with a view to receiving assistance of such person Person or persons Persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 14.1 If one or more of the Events any Event of Defaults shall have occurredoccurs, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan Outstanding Obligations and/or any other amounts which may be payable by the Borrower under or in terms of this Agreement the Transaction Documents and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security Securities and the securities in relation to the Loan and any other loans loan shall become enforceable, notwithstanding anything to the contrary in this Agreement the Transaction Documents or any other agreement/s or documents. 8.2 14.2 On the happening of any Event of Default, such defaulted amount shall carry Additional Interest, computed from the respective Due Dates and shall be compounded on monthly basis. 14.3 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 14.4 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement connectionwith below may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 (a) Preservation of the properties (whether now orhereafterexisting); or (b) The collection of amounts due under the Transaction Documents. 14.5 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to the Lender in terms of this Agreement the Transaction Documents only if the Borrower has paid all Outstanding Obligations and other amounts due under this Agreement the Transaction Documents to the Lender and the Borrower has complied with all the terms of this Agreementthe Transaction Documents. 8.5 In 14.6 The Borrower agrees that any security provided by the Borrower to the Lender under any other credit facility shall be available to the Lender under this Agreement upon the occurrence of an Event of Default under this Agreement and vice versa. 14.7 On the occurrence of an Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person Person or persons Persons Borrower Signature Co-Borrower(s) Signature with a view to receiving assistance of such person Person or persons Persons in recovering the defaulted amounts including but not limited to visiting the Property office of the Borrower and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 If 11) Upon any default under this General Security Agreement, the Lender may declare any or all of the Indebtedness to be immediately due and payable and the Lender may proceed to realize the security hereby constituted and to enforce its rights by entry or by the appointment by instrument in writing of a receiver or receivers of all or any part of the Collateral and such receiver or receivers may be any person or persons, whether an officer or officers or employee or employees of the Lender or not, and the Lender may remove any receiver or receivers so appointed and appoint another or others in his or their stead; or by proceedings in any court of competent jurisdiction for the appointment of a receiver or receivers or for sale of the Collateral or any part thereof; or by any other action, suit, remedy or proceeding authorized or permitted hereby or by law or by equity; and may file such proofs of claim and other documents as may be necessary or advisable in order to have its claim lodged in any bankruptcy, winding-up or other judicial proceedings relative to the Debtor. 12) Any such receiver or receivers so appointed shall have power: a) to take possession of the Collateral or any part thereof and to carry on the business of the Debtor; b) to borrow money required for the maintenance, preservation or protection of the Collateral or any part thereof or the carrying on of the business of the Debtor; c) to further charge the Collateral in priority to the Security Interest as security for money so borrowed; and d) to sell, lease or otherwise dispose of the whole or any part of the Collateral on such terms and conditions and in such manner as such receiver or receivers shall determine. 13) In exercising any powers any such receiver or receivers shall be deemed to act as agent or agents for the Debtor and the Lender shall not be responsible for the actions of such agent or agents. 14) In addition, the Lender may enter upon and lease or sell the whole or any part or parts of the Collateral and any such sale may be made hereunder by public auction, by public tender or by private contract, with or without notice, advertising or any other formality, all of which are hereby waived by the Debtor, and such sale shall be on such terms and conditions as to credit or otherwise and as to upset or reserve bid or price as to the Lender in its sole discretion may seem advantageous and such sale may take place whether or not the Lender has taken possession of such Collateral. 15) No remedy for the realization of the security hereof or for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other such remedy, and any one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice such remedies may from time to the Borrower may declare the principal and all accrued interest and charges on the Loan which may time be payable by the Borrower under exercised independently or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, combination. 16) The term "receiver" as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary used in this General Security Agreement or any other agreement/s or documentsincludes a receiver and manager. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 If one or more of Subject to Section 5.7, upon the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment occurrence of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall have the right, if such Default shall then be entitled to communicatecontinuing, in addition to all the remedies conferred upon the Lender by law or equity or the terms of any manner it may deem fitLoan Document, to do any or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work all of the following, concurrently or successively, without notice to the Borrower: (a) Declare the Senior Notes to be, and each of the Senior Notes shall thereupon become, immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or in either of the Senior Notes to the contrary notwithstanding; or (b) Terminate the Lender’s obligations under this Agreement to extend credit of any kind or to make any disbursement, whereupon the commitment and obligation of the Lender to extend credit or to make disbursements hereunder shall terminate; or (c) Exercise all of its rights and remedies at law, in equity and/or pursuant to the Pledge Agreement and any document delivered pursuant thereto, including foreclosing on the Pledged Stock. Notwithstanding anything to the contrary contained herein, upon the occurrence of a Default pursuant to item (h) or clause (iii) of item (g) or item (1) of Section 5.1, without notice by the Lender to, or demand by the Lender of, the Borrower, the Senior Notes shall become immediately due and payable. The Borrower shall pay to the Lender, upon demand, all expenses (including, without limitation, attorneys’ fees and expenses) of obtaining such judgment or decree or of otherwise seeking to enforce its rights under this Agreement or any of the other Loan Documents or other related documents; and all such expenses, as determined by the Lender in its sole and absolute discretion, shall, until paid, be secured by the Loan Documents and shall bear interest at the Default Rate of Interest.

REMEDIES OF THE LENDER. 8.1 a) On the happening of any event of default RCFPLPL shall have the following remedies available for enforcement of rights : (i) To send the notice in writing to the Borrower informing such default in respect of the repayments and calling upon the Borrower to make payments of all the dues in respect of the loan or a loan recall notice and if the Borrower fails to comply with such notice RCFPLPL shall have right to take possession of the asset/vehicle if the dues remain unpaid within days from the date of such notice. (ii) In case it is found by RCFPLPL that the Borrower has disposed off or sold the vehicle to any third party without valid no objection letter from RCFPL or in case either the borrower or asset/vehicle is not traceable, or the borrower has handed over the possession of the vehicle to third party without RCFPL's consent or the Borrower fails to submit the vehicle for inspection if required by RCFPLPL, RCFPL shall have liberty to waive off the notice period before taking possession of the asset/vehicle as mentioned in the preceding clause at its discretion. (iii) RCFPLPL shall call upon the Borrower to hand over the asset/vehicle to its agents , representatives, and if the Borrower fails to comply with this demand within stipulated time given by RCFPL , RCFPL or its agents/representatives shall have right to enter into any place or premises where any of the hypothecated assets/vehicles may be situated or kept or stored (and for the purpose of such entry to do all acts, deeds or things as are deemed necessary by RCFPL or its Agents or any of them) and to take charge and/or to seize, recover, receive and/or take possession of all or any of the hypothecated assets. Upon taking possession of the asset/vehicle in such a manner, RCFPL may call upon the Borrower to repay and close the entire loan amount with interest and all applicable charges, penal charges before the sale/auction of the hypothecated asset/vehicle within the time as may be specified by RCFPL in such notice and if the Borrower honors and makes the payment of the entire loan amount with interest and other applicable charges in accordance with such notice, RCFPL shall handover the subject asset/vehicle to the Borrower upon the repayment of the entire loan amount with interest and other charges including expenses incurred for taking possession of the asset/vehicle provided this does not bar RCFPL rights to take such similar action for any future defaults made by the Borrower. (iv) In case the Borrower fails to comply with such requisitions and demand made by RCFPL as mentioned in the preceding clauses, RCFPL shall be at liberty to forthwith or at any time and from time to time and without any notice or reference either by public auction or tender or private contract or tender, to sell and dispose off all or any part of the hypothecated assets/ vehicles to any third party in such manner as RCFPLPL shall think fit without any further notice or intimation to the Borrower. b) RCFPL shall be entitled, at the sole risk and cost of the Borrower, to engage one or more person(s) to collect the Borrower's Dues and/or to enforce any security provided by the Borrower and RCFPL may (for such purposes) furnish to such person(s) such information, facts and figures pertaining to the Borrower, the security and/or the Asset(s) as RCFPL deems fit. RCFPL may also delegate to such person(s) the right and authority to perform and execute all acts, deeds, matters and things connected therewith or incidental thereto, as RCFPL deems fit. c) RCFPL shall not in any way be liable/responsible, notwithstanding anything to the contrary under any applicable laws, for any loss, deterioration of or damage to the Hypothecated Assets on any account whatsoever whilst the same are in the possession of RCFPL or by reason of exercise or non- exercise of any rights and remedies available to RCFPL as aforesaid. d) If any one (or more) Events of Default shall have occurred, then RCFPL shall, in addition to the various rights and remedies of RCFPL referred to in the clauses above, be irrevocably entitled and authorised to contact and require the Borrower's employers to make deduction/s from the salary/wages payable by the employer to the Borrower and to remit the same to RCFPL until all of the Borrower's Dues outstanding from the Borrower to RCFPL is/are completely discharged. The deductions shall be of such amounts, and to such extent, as RCFPL may communicate to (and instruct) the Borrowers' employers. The Borrower shall not have, or raise/create, any objections to such deductions. No law or contract governing the Borrower and/or the Borrower's employer prevents or restricts in any manner the aforesaid right of RCFPL to require such deduction and payment by the Borrower's employer to RCFPL, Provided however that in the event the said amounts so deducted are insufficient to repay the outstanding of the Borrower's Dues to RCFPL in full, the unpaid amounts remaining due to RCFPL shall be paid by the Borrower in such manner as RCFPL may in its sole discretion decide and the payment shall be made by the Borrower accordingly. e) If one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreementAgreement/s or documents. 8.2 f) If any Event of Default or any event, event which, after the notice or lapse of time or both, both would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 g) All reasonable costs incurred by Xxxxxx Lender after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property assets (whether now or hereafter existing); or iij) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 k) The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 l) In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property visit any property and/or any place of work of the Borrower. m) In the event the Borrower fails to repay on demand any money which ought to be paid by it under the said Loan or hereunder including principal, interest and other money or the Borrower commits any breach of any covenant, agreement/deed, undertaking or declaration on its part to be performed as herein contained or it appears to RCFPL that false or misleading information in any material particular was given in the Borrower's proposal made to RCFPL and such breach or default is not remedied forthwith and on the failure of the Borrower to remedy the same or if any circumstance shall occur which in the opinion of RCFPL or any of them, is prejudicial to or imperil or is likely to prejudice or imperil this security or if any distress or execution is levied or enforced against any property or assets whatsoever of the Borrower or if any person, firm or company shall take steps towards applying for or obtaining an order for the appointment of a Receiver of any property or assets whatsoever of the Borrower or if such Receiver is appointed or if any person, firm or Company shall apply or obtain an order for the winding up of the Borrower or if any such order is made or if any step is taken by any person, firm or company towards passing any resolution to wind up the Borrower or shall suspend or cease to carry on business or to conduct its business to the satisfaction of RCFPL or any of them or on the Borrower misusing the said Loan or any part thereof for any purpose other than for which the said Loan has been sanctioned or on the Borrower committing a breach of any of the terms, covenants and conditions herein contained or on the Borrower committing a breach of any other agreement entered into by the Borrower with RCFPL or any other bank, financial institution, non-banking financial company, lender or any other body or person or on the Hypothecated Assets being confiscated, attached or taken into custody by any authority or becoming the subject of any legal proceedings or whenever in the absolute discretion of RCFPL there is a likelihood of the due money not being paid and/or the Hypothecated Assets are likely to be transferred to defeat the security and the due amounts of RCFPL or any consent, authorization, approval or license of or registration with or declaration to governmental or public bodies or authorities required to authorize or required by the Borrower in connection with the execution, delivery, validity, enforceability or admissibility in evidence of this Agreement or the performance by the Borrower of its obligations hereunder is modified in a manner unacceptable to RCFPL or is not granted or revoked or terminated or expires and is not renewed or otherwise ceases to be in full force and effect or on RCFPL being informed or in the event that information comes to the knowledge of RCFPL that there is a change in the constitution of the Borrower or that there is likely to be change in the constitution of the Borrower and such change in the opinion of RCFPLs would adversely effect the interest of RCFPLs or there existing any other circumstances which in the sole opinion of RCFPL jeopardizes RCFPL's interest RCFPL shall be entitled but without prejudice to any other rights or remedies of RCFPL: i) To enter into or upon any place or premises where or wherein any of the Hypothecated Assets may be or are situated or kept or stored (and for the purpose of such entry to do all acts, deeds or things as are deemed necessary by RCFPL or its agents or any of them) and to take charge and/or to seize, recover, receive, and/or take possession of all or any of the Hypothecated Assets and thereupon either forthwith or at any time and from time to time and without any notice or reference either by public auction or tender or private contract or tender to sell and dispose of all or any part of the Hypothecated Assets in such manner as RCFPL shall think fit. ii) As attorney for and in the name of the Borrower or otherwise to recover and receive and/or appoint receiver of the Hypothecated Assets or any part thereof, give notices and demands to debtors and third parties liable therefor and xxx for, recover receive and give receipts for the same and to sell or realise by public auction or private contract or otherwise dispose of or deal with all or any part of such debts and enforce, settle, compromise, or deal in any manner with the Hypothecated Assets or any part thereof; and to apply the net proceeds thereof in the manner and for the purposes mentioned herein for the application of insurance money. If, however the net proceeds realized from the Hypothecated Assets are insufficient to cover the indebtedness of the Borrower to RCFPL then the Borrower shall forthwith pay to RCFPL the deficiency. In exercise of the powers of sale and disposal hereunder, RCFPL shall be at liberty from time to time or at any time at its discretion but at the risk and on account of the Borrower, to enter into all contracts in India or elsewhere for the protection of its interest as it shall think fit and the Borrower shall pay to RCFPL any moneys which may become payable under or by virtue of such hedge forward or other contracts. n) On a sale by private contract or public auction the Borrower shall accept RCFPL's accounts of such sale or sales or other transactions signed by any agent or authorized officer of RCFPL as sufficient proof of the amount realised or due by or under the sale or sales or transactions and the costs, charges and expenses incurred in connection therewith. o) RCFPL will have all powers incidental to and necessary for the realisation of its security. p) i) In the event of the said Hypothecated Assets being realized however and in whatsoever manner, the realization thereof shall be applied as under: a) Firstly, for appropriation towards satisfaction of all indebtedness of the Borrower due and outstanding (whether accrued or contingent) to RCFPL under or in respect of the principal amount of the said Loan and all interests including interest portion of all MIs due, overdue interest of all MIs due, thereon unto the date of realization of the security whether actually debited or to the Loan facilities account together with any costs (between attorneys / advocates and clients), and expenses debitable to the said Loan Account(s) whether actually debited or not in accordance with the total amount of such indebtedness due and outstanding under and in respect of the said Loan facilities accounts as aforesaid with RCFPL and b) Secondly, for appropriation towards the remaining outstanding indebtedness of the Borrower on account of bounce cheque charges, Additional Interest and/or liquidated damages on defaulted amounts. c) Thereafter the balance, if any, shall be available for, reimbursement to RCFPL of the costs (between attorneys/advocates and clients) charges and expenses incidental to such realization and/or on any account to RCFPL in accordance with the total amount of such other outstanding indebtedness;

REMEDIES OF THE LENDER. 8.1 If one A. Upon happening/occurrence of any Event of Default, without prejudice to Xxxxxx’s rights and remedies under contract or more law or equity, and without necessity of the Events of Defaults shall have occurred, then, the Lender, by a written any demand upon or notice to the Borrower may declare the principal and Borrowers, all accrued interest and charges on the Loan of which may be payable are hereby expressly waived by the Borrower under or in terms of this Agreement and/or any other agreementsBorrowers, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary contained herein or in any other documents pursuant hereto, the Lender may at its absolute discretion, pursue any or all of the following, and whether successively, concurrently, simultaneously or otherwise: i. declare the Loan and the entire Outstanding Balance (including future receivables), to have become due and payable by the Borrowers to Lender forthwith thereupon, and recall the same in which event the Borrowers shall be liable to forthwith pay to the Lender the entire Outstanding Balance (including future receivables). ii. on the happening of any of the Events of default, without prejudice to the other rights of the Lender under this Agreement Agreement, levy Late Payment Charges, as prescribed in Schedule I from the date of default till the date such default is remedied by the Borrower to the satisfaction of the Lender. iii. at the cost and expense of the Borrower, initiate such proceedings/actions/steps for recovery of dues as necessary and/or enforce the Security or any part thereof, including to, take possession, seize, recover, appoint a receiver/manager, remove the Asset(s) from their place of standing, and also on such terms as may be deemed fit by the Lender, with or without the intervention of court or authority, to sell, transfer or dispose-off the Asset(s)/assets of the Borrowers or any part thereof whether by means of private treaty or public auction/tender or otherwise at the discretion of Lender and realize its claims in respect of the Loan without being bound or being liable for any loss/losses that the Borrowers may suffer due to such action. Particular Borrower Co-Borrower Co-Borrower Co-Borrower Co-Borrower iv. exercise any of the rights/remedies available to the Lender under the SARFAESI Act, Arbitration and/or the DRT Act (if applicable) and/or the IBC, in accordance with the provisions thereof, as against the Borrower or any other agreementBorrowers or any other Person or any of their assets. B. If the Borrowers fail to comply with any demand notice from the Lender, the Borrowers shall be bound to surrender the Mortgaged Property to the Lender at the cost of the Borrowers. The Borrowers shall not prevent or obstruct the Lender from taking possession of the Mortgaged Property. The Lender’s authorized representatives, employees, officers, and agents will have unrestricted right of entry into the mortgaged property, C. The Lender may further deal with all or any part of the Mortgaged Property, to enforce, realise, settle, and compromise with any rights or claims relating thereto. It shall not be bound to exercise any of these powers or be liable for any losses arising therefrom. The Borrowers hereby also agree, to accept the Lender's account of sales and realisation as sufficient proof of amounts realised and expenses incurred, and to pay on demand by the Lender, any deficiency shown in the accounts, provided however, that the Lender shall not be liable or responsible for any loss, damage or depreciation that the Mortgaged Property may suffer or sustain in the course of seeking repossession and/or while the same is in possession of the Lender or its nominee/s or documentsby reason of exercise or non-exercise of rights and remedies available to the Lender as aforesaid. 8.2 If any Event D. Without prejudice to the generality of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happenedrights available to the Lender under Clause 17, the Borrower shall forthwith give handover to the Lender notice thereof such a number of inchoate and duly signed cheques drawn in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation favor of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursedLender, as the Lender shall specify. 8.4 may require from time to time. The Borrower acknowledges and confirms that the Borrower has agreed to issue the said cheques voluntarily in discharge of the debt owed by it to the Lender and that the said inchoate cheques may issue be used by the Lender at any certificate as regards payment of any amounts paid time at its discretion to recover the debts owed by the Borrower to the Lender in terms of or any part thereof. In this Agreement only if regard, the Borrower has paid all amounts hereby unconditionally and irrevocably authorises the Lender (the Lender acting through any of its officers, employees, representatives, agents, sub-agents) to do any of the following, at the Borrowers’ risks and costs, and without requirement of any notice, consent from or intimation to any of the Borrowers: (a) to fill in/up and complete such of the cheques as Lender may require for such date and such amount as Lender may deem appropriate not exceeding the maximum amount due under this Agreement by the Borrower to the Lender and the Borrower has complied with all under the terms of this the Agreement. 8.5 In ; (b) to present any such cheque to the Event of Default, bank for payment on such dates as the Lender shall be entitled may in its discretion decide; (c) to communicateappoint or engage any service provider for custody of cheques and for having the same picked up, in processed and cleared; (d) to do, perform and execute all acts, deeds, matters and things relating to or concerning or necessary or incidental thereto; (e) to delegate any manner it may deem fitof the aforesaid, to or with any person or persons with a view to receiving assistance person(s) the Lender deems fit. The Borrower hereby further acknowledges and confirms that: (a) the Borrower is aware that any dishonour of any such person or persons in recovering cheque would constitute an offence committed by the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower and all its directors (if Particular Borrower Co-Borrower Co-Borrower Co-Borrower Co-Borrower.

REMEDIES OF THE LENDER. 8.1 14.1 If one or more of the Events any Event of Defaults shall have occurredoccurs, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan Outstanding Obligations and/or any other amounts which may be payable by the Borrower under or in terms of this Agreement the Transaction Documents and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement the Transaction Documents or any other agreement/s or documents. 8.2 14.2 On the happening of any Event of Default, such defaulted amount shall carry Additional Interest, computed from the respective Due Dates and shall be compounded on monthly basis. 14.3 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default Default, shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 14.4 All reasonable costs incurred by Xxxxxx Lender after an Event of Default has occurred in connection with: (i) Preservation of the Borrower's Property (whether now or hereafter existing); or (ii) Collection of amounts due under this Agreement the Transaction Documents; may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 14.5 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to the Lender in terms of this Agreement the Transaction Documents only if the Borrower has paid all Outstanding Obligations and other amounts due under this Agreement the Transaction Documents to the Lender and the Borrower has complied with all the terms of this Agreementthe Transaction Documents. 8.5 In 14.6 The Borrower agrees that any security provided by the Borrower to the Lender under any other credit facility shall be available to the Lender under this Agreement upon the occurrence of an Event of Default under this Agreement and vice versa. 14.7 On the occurrence of an Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person Person or persons Persons with a view to receiving assistance of such person Person or persons Persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 If one or more On the happening of any of the Events of Defaults Default, RCFL shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms following remedies available for enforcement of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents.rights: 8.2 12.1 If any Event of Default or any event, event which, after the notice or lapse of time or both, both would constitute an Event of Default shall have happenedoccurred, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event 12.2 On the question whether any of the Events of Default has occurred happened/occurred, the decision of the Lender shall be final, conclusive and binding on the Borrower. Lender's right of determination of occurrence of Events of Default shall not be limited or prejudiced by the absence of any notice from the Borrower under the preceding sub-clause. 12.3 Upon happening/occurrence of any Event of Default, without prejudice to Lender's rights and remedies under contract or law, and without necessity of any demand upon or notice to the Obligors (all of which are hereby expressly waived by the Obligors), and notwithstanding anything to the contrary contained herein or in connection withany other documents pursuant hereto, the Lender may pursue any or all of the following, and at its absolute discretion, successively, concurrently, simultaneously or otherwise: i) Preservation of notwithstanding the Amortization Schedule, declare the entire Facility/Loans and Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts Dues, to have become due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid payable by the Borrower to the Lender in terms of this Agreement only if forthwith thereupon, and recall the same from the Borrower has paid all amounts due under this Agreement and/or other Obligors, in which event Borrower/ such Obligors shall be liable to forthwith pay to the Lender the entire Borrower's Dues (“Right of Recall”); ii) at the cost and expense of the Borrower, initiate, pursue, defend such proceedings/actions, whether criminal, civil or otherwise in nature, against any of the Obligors or any other Person, as deemed necessary by the Lender, inter alia for recovery of dues and/or to enforce the Security or any part thereof, iii) take possession, seize, recover, appoint a receiver/manager for, remove the Asset(s) from their place of standing, and without the intervention of court or authority or tribunal, to enforce the Security, including the right to sell, transfer, lease, license, dispose off, alienate in any manner at Lender's discretion, the Asset(s) or any part thereof, whether by means of private treaty or public auction or otherwise, with or without the intervention of any court/tribunal, at the discretion of Lender and appropriate the proceeds therefrom. iv) deal with all or any part of the Asset(s), to enforce, realise, settle, and compromise with any rights or claims relating thereto. v) exercise any of the rights/remedies available to the Lender under the SARFAESI Act and/or the DRT Act (if applicable) and/or the IBC, in accordance with the provisions thereof, as against the Borrower has complied with all or any other Obligors or any other Person or any of their assets. vi) exercise any of the terms of rights available to the Lender under the Repossession Clause as set out in Annexure-1 to this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 14.1 If one or more of the Events any Event of Defaults shall have occurredoccurs, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan Outstanding Obligations and/or any other amounts which may be payable by the Borrower under or in terms of this Agreement the Transaction Documents and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security Securities and the securities in relation to the Loan and any other loans loan shall become enforceable, notwithstanding anything to the contrary in this Agreement the Transaction Documents or any other agreement/s or documents. 8.2 14.2 On the happening of any Event of Default, such defaulted amount shall carry Additional Interest, computed from the respective Due Dates and shall be compounded on monthly basis. 14.3 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 14.4 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i(a) Preservation of the Borrower's Property properties (whether now or hereafter existing); or ii(b) Collection of amounts due under this Agreement the Transaction Documents; may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 14.5 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to the Lender in terms of this Agreement the Transaction Documents only if the Borrower has paid all Outstanding Obligations and other amounts due under this Agreement the Transaction Documents to the Lender and the Borrower has complied with all the terms of this Agreementthe Transaction Documents. 8.5 In 14.6 The Borrower agrees that any security provided by the Borrower to the Lender under any other credit facility shall be available to the Lender under this Agreement upon the occurrence of an Event of Default under this Agreement and vice versa. 14.7 On the occurrence of an Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person Person or persons Persons with a view to receiving assistance of such person Person or persons Persons in recovering the defaulted amounts including but not limited to visiting the Property office of the Borrower and/or any place of work of the Borrower.

REMEDIES OF THE LENDER. 8.1 a) The remedies discussed herein shall be without prejudice to the rights and remedies available to the Lender under equity and under Applicable Law. b) Upon the occurrence of any Event of Default as specified in clause 13, the lender has the right to exercise such other rights and remedies as may be available to the Lender under law during the pendency of the loan including without limitation under Section 138 of The Negotiables Instrument Act,1881 and under Section 25 (1) of Payment of Settlement System Act, 2007, and/or stipulate such other conditions as the lender deems fit c) If one or more of the Events of Defaults events specified in this clause shall have occurred, thenthe Lender may, by issuing 7 (Seven) days' notice in writing to the Borrower, declare that the principal amount of the Loan and all accrued Interest has become payable forthwith by the Borrower to the Lender. The Lender may, at its sole discretion, terminate the Agreement. The events triggering this action include: i. Failure of the Borrower to pay the loan or processing fee, insurance charge, and insurance premium or if any EMI or any other amount due remains unpaid for a period of 30 (Thirty) days from the Due Date. ii. Breach of the terms and conditions and covenants under the Agreement or these Terms and Conditions by the Borrower. iii. Any information/document submitted by the Borrower to the Lender is found false or incorrect. iv. Adverse material change of the Borrower, as a result of which the Lender deems itself to be insecure or the Borrower has been declared insolvent, or there exists any other circumstance which, in the sole opinion of the Lender, jeopardizes the Lender's interest. v. Usage of proceeds of the Loan by the Borrower for any purpose which may be deemed illegal, antisocial, or speculative, including but not limited to participation in stock markets/IPOs. vi. Proceedings for misconduct are taken against the Borrower by any Government, Quasi- Government, or other authority. vii. If the whereabouts of the Borrower are not known for a written period of 30 (Thirty) days or more. d) If the Borrower fails to pay any amounts on the Due Date or which may be declared due prior to the Due Date or commits any other default under any agreement (including the Agreement) in favor of the Lender, the Lender shall, without prejudice to any of its rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the agreements entered into by the Borrower in favor of the Lender. The Lender may withhold applicable amounts/documents of the Borrower and/or terminate, without any notice to the Borrower may declare Borrower, any of the principal and all accrued interest and charges on agreements (including the Loan which Agreement) in favor of the Lender at the sole discretion of the Lender. e) The remedies may be payable exercised by the Lender through its representatives, servants, officers, agents, third-party/recovery agents, and/or such other person as may be appointed by the Lender. The Lender shall, without prejudice to its rights to perform the remedies by itself, perform the remedies through its representatives, servants, officers, agents, third-party/recovery agents, and/or such other person as may be appointed by the Lender. The Lender may delegate to such representative, servant, officer, agent, third-party/recovery agent, and/or such other person all or any of its functions, rights, and powers under the Facility Documents relating to the administration of the Loan. This includes the rights and authority to collect and receive, on behalf of the Lender, from the Borrower all dues and unpaid installments and other amounts due by the Borrower under the Facility Documents. The Lender is also authorized to perform and execute all lawful acts, deeds, matters, and things connected therewith and incidental thereto, including sending notices, contacting the Borrower, receiving cash/cheques/drafts/mandates, etc., from the Borrower, and giving valid and effectual receipts and discharge to the Borrower. For the purposes aforesaid or in terms of this Agreement and/or for any other agreements, documents subsisting between purposes at the Borrower and discretion of the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicatedisclose to such third parties all information pertaining to the Obligors and the Loan. Notwithstanding the above, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property Lender (and/or any place of work such third party as the Lender may select) may contact any third parties (including the family members of the BorrowerObligors) and disclose all necessary or relevant information pertaining to the Obligors and the Loan. The Obligors shall have the right to disagree with this right of the Lender at any time, and the Lender shall consider such requests if the Obligor serves upon the Lender requisite request in writing in advance in this regard.

REMEDIES OF THE LENDER. 8.1 a) On the happening of any event of default RCL shall have the following remedies available for enforcement of rights: (i) To send the notice in writing to the Borrower/s informing such default in respect of the repayments and calling upon him to make payments of all the dues in respect of the loan or a loan recall notice and if the Borrower fails to comply with such notice RCL shall have right to take possession of the asset/vehicle if the dues remain unpaid as per the Repossession Clause attached in the Annexure hereto. (ii) The process for taking possession of the assets/vehicles/equipments has been prescribed in the Repossession Clause as underlined in the Annexure hereto for repossession and disposal the assets/vehicles/equipments and which has also been uploaded on the official website of RCL/Lender and the Borrower confirms that he/she has read and understood the said process/policy and is bound by the same. (iii) RCL shall call upon the Borrower to hand over the asset/vehicle to its agents , representatives, and if the Borrower fails to comply with this demand within stipulated time given by RCL, RCL or its agents/representatives shall have right to enter into any place or premises where any of the hypothecated assets/vehicles may be situated or kept or stored (and for the purpose of such entry to do all acts , deeds or things as are deemed necessary by RCL or its Agents or any of them) and to take charge and/or to seize, recover, receive and/or take possession of all or any of the hypothecated assets. Upon taking possession of the asset/vehicle in such a manner , RCL may call upon the Borrower to repay and close the entire loan amount with all applicable charges, penal charges before the sale/auction of the hypothecated asset/vehicle within the time as may be specified by RCL in such notice and if the Borrower honors and makes the payment of the entire loan amount with interest and other applicable charges in accordance with such notice, RCL shall handover the subject asset/vehicle to the Borrower upon the repayment of the entire loan amount with interest and other charges including expenses incurred for taking possession of the asset/vehicle. (iv) In case the Borrower fails to comply with such requisitions and demand made by RCL as mentioned in the preceding clauses, RCL shall be at liberty to forthwith or at any time and from time to time and without any notice or reference either by public auction or tender or private contract or tender, to sell and dispose off all or any part of the hypothecated assets/vehicles to any third party in such manner as RCL shall think fit without any further notice or intimation to the Borrower . (v) The process for taking possession of the assets/vehicles/equipments has been prescribed in the Process/Policy note for repossession and disposal the assets/vehicles/equipments which has been uploaded on the official website of RCL/Xxxxxx and the borrower confirms that he/she has read and understood the said process/policy and is bound by the same. b) RCL shall be entitled, at the sole risk and cost of the Borrower, to engage one or more person(s) to collect the Borrower's Dues and/or to enforce any security provided by the Borrower and RCL may (for such purposes) furnish to such person(s) such information, facts and figures pertaining to the Borrower, the security and/or the Car(s) as RCL deems fit. RCL may also delegate to such person(s) the right and authority to perform and execute all acts, deeds, matters and things connected therewith or incidental thereto, as RCL deems fit. c) RCL shall not in any way be liable/responsible, notwithstanding anything to the contrary under any applicable laws, for any loss, deterioration of or damage to the Car on any account whatsoever whilst the same are in the possession of RCL or by reason of exercise or non-exercise of any rights and remedies available to RCL as aforesaid. d) If any one (or more) Events of Default shall have occurred, then RCL shall, in addition to the various rights and remedies of RCL referred to in the clauses above, be irrevocably entitled and authorised to contact and require the Borrower's employers to make deduction/s from the salary/wages payable by the employer to the Borrower and to remit the same to RCL until all of the Borrower's Dues outstanding from the Borrower to RCL is/are completely discharged. The deductions shall be of such amounts, and to such extent, as RCL may communicate to (and instruct) the Borrowers' employers. The Borrower shall not have, or raise/create, any objections to such deductions. No law or contract governing the Borrower and/or the Borrower's employer prevents or restricts in any manner the aforesaid right of RCL to require such deduction and payment by the Borrower's employer to RCL. Provided however that in the event the said amounts so deducted are insufficient to repay the outstanding Borrower's Dues to RCL in full, the unpaid amounts remaining due to RCL shall be paid by the Borrower in such manner as RCL may in its sole discretion decide and the payment shall be made by the Borrower accordingly. e) If one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreementAgreement/s or documents. 8.2 f) If any Event of Default or any event, event which, after the notice or lapse of time or both, both would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 g) All reasonable costs incurred by Xxxxxx after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property assets (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 h) The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 i) In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property visit any property and/or any place of work of the Borrower. j) In the event the Borrower fails to pay on demand any money which ought to be paid by it under the said Loan including principal, interest and other money or the Borrower commit any breach of any covenant, deed, undertaking or declaration on its part to be performed as herein contained or it appears to RCL that false or misleading information in any material particular was given in the Borrower's proposal made to RCL and such breach or default is not remedied forthwith and on the failure of the Borrower to remedy the same or if any circumstance shall occur which in the opinion of RCL , is prejudicial to or imperil or is likely to prejudice or imperil this security or if any distress or execution is levied or enforced against any property or assets whatsoever of the Borrower or if any person, firm or company shall take steps towards applying for or obtaining an order for the appointment of a Receiver of any property or assets whatsoever of the Borrower or if such Receiver is appointed or cease to carry on business or to conduct its business to the satisfaction of RCL or on the Borrower misusing the said Loan or any part thereof for any purpose other than for which the said Loan has been sanctioned or on the Borrower committing a breach of any of the terms, covenants and conditions herein contained or on the Borrower committing a breach of any other agreement entered into by the Borrower with RCL or any other bank, financial institution, non-banking financial company, lender or any other body or person and/or the Hypothecated Assets are likely to be transferred to defeat the security and the due amounts of RCL or any consent, authorization, approval or license of or registration with or declaration to governmental or public bodies or authorities required to authorize or required by the Borrower in connection with the execution, delivery, validity, enforceability or admissibility in evidence of this Agreement or the performance by the Borrower of its obligations hereunder is modified in a manner unacceptable to RCL or is not granted or revoked or terminated or expires and is not renewed or otherwise ceases to be in full force and effect or there existing any other circumstances which in the sole opinion of RCL jeopardizes RCL's interest RCL shall be entitled but without prejudice to any other rights or remedies of RCL to take possession of the asset and dispose the same as stated in Repossession Clause as mentioned in detail in the Annexure hereto: k) On a sale by private contract or public auction the Borrower shall accept RCL's accounts of such sale or sales or other transactions signed by any agent or authorized officer of RCL as sufficient proof of the amount realised or due by or under the sale or sales or transactions and the costs, charges and expenses incurred in connection therewith. l) RCL will have all powers incidental to and necessary for the realisation of its security. i) In the event of the Hypothecated Assets being realized however and in whatsoever manner, the realization thereof shall be applied as under:- a) Firstly, for appropriation towards satisfaction of all indebtedness of the Borrower due and outstanding (whether accrued or contingent) to RCL under or in respect of the principal amount of the said Loan and all interests including interest portion of all MIs due, overdue interest of all MIs due, thereon unto the date of realization of the security whether actually debited or to the Loan facilities account together with any costs (between attorneys/advocates and clients), and expenses debitable to the said Loan Account(s) whether actually debited or not in accordance with the total amount of such indebtedness due and outstanding under and in respect of the said Loan facilities accounts as aforesaid with RCL and b) Secondly, for appropriation towards the remaining outstanding indebtedness of the Borrower on account of bounce cheque charges,Additional Interest and/or liquidated damages on defaulted amounts. c) Thereafter the balance, if any, shall be available for, reimbursement to RCL of the costs (between attorneys/advocates and clients) charges and expenses incidental to such realization and/or on any account to RCL in accordance with the total amount of such other outstanding indebtedness; ii) In the event of the net proceeds of realization as aforesaid being insufficient for the repayment of whole of the indebtedness of the Borrower to RCL under or in respect of the said Loan Accounts as aforesaid, RCL shall be at liberty to apply any other money or monies in their hands standing to the credit of or belonging to the Borrower in or towards the payment of the balance amount and in the event of there being still any deficiencies, the Borrower shall forthwith pay such deficiencies, provided that nothing herein contained shall in any manner prejudice or effect RCL's remedy against the person of the Borrower. iii) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance due to RCL, it shall be lawful for RCL to retain and apply the said surplus together with any money or monies belonging to the Borrower for the time being in the hands of RCL in or under whatever account as far as the same shall extend against in or towards liquidation of any and all monies that shall be or may become due from the Borrower, RCL or any of RCL's subsidiaries or group entities or any of the subsidiaries, solely or jointly with any other person or persons firm or company by way of loans, bills, letters of credits, guarantees, charges or any other debts or liability including, notes, credits and other obligations current though not then due and payable or other demands legal or equitable which RCL or any of RCL's subsidiaries or group entities, may have against the Borrower or which the law of set-off or mutual credit would in any case admit along with interest thereon from the date on which any and all advance/s in respect thereof shall have been made at the rate or respective rates at which the same have been so advanced. n) On a sale by private contract or public auction under the provisions of this Agreement RCL shall be entitled to charge and retain as part of the costs, charges and expenses incurred in connection therewith such commission as RCL shall at its sole discretion fix and shall not be liable to account for the same to the Borrower. Such commission shall be in addition to any brokerage or outgoing payable in respect of any such sale. If the sale proceeds are not sufficient to pay the amount of such commission the Borrower shall pay the same to RCL on demand. o) RCL shall be at liberty at its entire discretion from time to time and at all times to deliver and/or transfer to the Borrower or any other person nominated by him, the whole or any portion of the Asset(s) against payment to RCL of any sum or sums of money therefor. Any partial delivery and/or transfer and/or redemption by the Borrower of the Asset(s) as aforesaid shall not in any way affect or prejudice the rights of RCL under this Agreement against the remainder of the Asset(s) including any powers of sale nor shall such disposal affect or prejudice any previous or subsequent demand made by RCL against the Borrower for payment of the balance or any sums due to it hereunder or any step or proceeding for sale, disposal or otherwise taken in relation to the Asset(s). RCL shall be entitled to appoint any Receiver, Agent, Manager or other person to exercise all or any of the powers hereby vested in RCL with reference to the security hereby created and shall be entitled to recover and receive from the Borrower the remuneration and/or charges of such Receiver, Agent, Manager or other person as aforesaid. RCL shall not be liable and shall be entitled to be indemnified and kept indemnified by the Borrower for and in respect of all acts, defaults, negligence or mistakes (whether arising in the casual course of business or otherwise) of any such Receiver, Agent, Manager or other person who shall be deemed to be the agent of the Borrower and all losses, damages, claims, demands, suits, proceedings, costs, charges and expenses sustained or made in respect thereof. p) Borrower hereby agrees and appoints RCL and its officers, employees and agents and authorized representatives to be its duly constituted attorneys for all or any of the following purposes, upon the occurrence of an event of default, namely: i) To demand and receive all debts, sums of money, dividends, interest and other dues of whatever nature. ii) To appear before the office of Regional Transport Officer, Sales Tax Officer, Police Authorities or any other authorities through advocates or any authorized person deemed necessary by RCL to effect endorsement of hypothecation in registration certificate and transfer of the Assets. iii) To take all such steps as may be required for the recovery of any of the Hypothecated Assets, including the institution of any claim, suit, petition or other legal process and the signing and execution of all necessary vakalatnamas and documents for the said purpose and the compromising or settlement of such suit or action. iv) To sign all papers, correspondence, vouchers, forms, applications, petitions, receipts, documents, deeds, agreements indentures and writings that the Borrower would be bound to do under or in pur

REMEDIES OF THE LENDER. 8.1 If one an Event of Default shall have occurred and is continuing, the Lender may, at its option, with or more without notice to any Loan Party, exercise any of the Events following remedies with respect to any Loan or Loan Schedule of Defaults shall have occurredsuch Lender or all related Specified Collateral as described in such Loan Schedule, thenand the applicable Loan Documents (provided, the Lender, by a written notice that any such remedies with respect to the Borrower may declare the principal Specified Collateral shall be exercised solely through Collateral Agent and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues such remedies shall be exercised through Servicer): (i) declare any Loan of such Lender then outstanding to be due and upon payable in whole, whereupon the principal of each such declaration the same Loan so declared to be due and payable, together with accrued interest thereon and all fees and other Obligations accrued hereunder and under any other Loan Document, shall become due and payable forthwith and the security immediately, in relation to each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each of the Loan and any other loans shall become enforceableParties; provided, that notwithstanding anything to the contrary in this Agreement Section 9(b), in the case of any event with respect to any Loan Party described in Section 9(a)(vii), (ix) or (x), the principal of each Loan then outstanding, together with accrued interest thereon and all fees and other Obligations accrued hereunder and under any other Loan Documents, shall automatically become due and payable, in each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each of the Loan Parties; (ii) proceed at law or in equity to enforce specifically the performance of the Loan Parties or recover damages, including all rights available to the Lender (via Collateral Agent) under the UCC with respect to the related Equipment constituting Specified Collateral of such Lender (whether or not the UCC applies to the affected Equipment); (iii) require the Loan Parties to promptly assemble, make available and if requested by the Lender deliver the related Specified Collateral (or, if so requested, any related Items designated by the Lender) to the Lender at a time and place designated by the Lender; (iv) enter, occupy and use any premises, with or without judicial process, where all or any part of the Equipment constituting Specified Collateral of such Lender, or the books and records relating exclusively thereto, or both, are located, to take possession of all or any part of such Equipment or the books and records relating exclusively thereto, or both, to remove all or any part of such Equipment or the books and records relating exclusively thereto, or both, and to operate or conduct sales of such Equipment, without any obligation to pay any of the Loan Parties or any of their Subsidiaries or Affiliates for such use and occupancy; (v) use the premises of the Loan Parties for storage without rent or liability; (vi) dispose of the related Specified Collateral or such Items constituting the same at private or public sale, in bulk or in parcels, with or without notice except to the extent required by applicable law, and if notice is required by law such requirements of reasonable notice shall be met if such notice is mailed to the Borrower Representative or any other agreement/s Loan Party at its respective address set forth on the first page hereof or documents.to the most current addresses designated by the Borrower Representative to the Lender in writing at least ten (10) calendar days before the time of the public sale or the time after which any other Disposition is to be made; 8.2 If any (vii) disable or keep idle all or part of such Specified Collateral and, at the Lender’s discretion, take possession of the Equipment mining operations with respect to such Specified Collateral on the Lender’s own behalf with such Equipment; (viii) at the Lender’s sole and reasonable discretion, remedy such Event of Default or for the account of and at the expense of the Borrowers; (ix) exercise any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give rights granted to the Lender notice thereof in writing specifying under any Acceptable Lien Waiver; and (x) except as any such Event of Defaultremedies are reserved for Collateral Agent under Section 9(c), exercise any other right or remedy at law, or in equity or bankruptcy, including specific performance or damages for the breach hereof, including Attorney’s Fees and court costs. In the event the Lender receives any proceeds from the Disposition of any Specified Collateral, the Net Proceeds of such event. 8.3 All reasonable costs incurred Disposition shall be turned over to Collateral Agent , and Collateral Agent shall apply any proceeds it receives from the Disposition of any Specified Collateral (including those turned over by Xxxxxx after an Event a Lender) in accordance with the provisions of Default Section 3(e)(ii). In the event the Lender receives any proceeds from the Disposition of any Collateral or Specified Collateral not constituting such Lender’s Specified Collateral, such Lender shall turn over such proceeds to Collateral Agent, and Collateral Agent shall apply proceeds from the Disposition of Collateral and Specified Collateral of another Lender (including in each case those turned over by any Lender) in accordance with the provisions of Section 3(f) (or Section 3(e) in the case of Specified Collateral of another Lender). In the event that a Lender has occurred exercised remedies set forth in this Section 9(b) and caused Collateral Agent to dispose of its Specified Collateral and the Net Proceeds of such Specified Collateral are insufficient to pay in full all Obligations then owed to such Lender, then such Lender may direct Collateral Agent to exercise remedies pursuant to Section 9(c) with respect to the Collateral (including Mined Cryptocurrency) and any proceeds received by Collateral Agent in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may therewith shall be charged applied to the Borrower Obligations of all Lenders in accordance with the provisions of Section 3(f) (and reimbursed, as the claim of any Lender receiving payment pursuant to such application shall be reduced only by the amount actually received by any such Lender). If the Lender shall specify. 8.4 The Lender may issue shall, including by exercising any certificate as regards payment right of set-off or counterclaim or otherwise, receive any Net Proceeds in respect of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of DefaultCollateral or Specified Collateral, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance deliver 100% of such person or persons Net Proceeds to Collateral Agent for application to the Obligations in recovering accordance with the defaulted amounts including but not requirements of Sections 3(e), 3(f), 9(b) and 9(c) hereof, as applicable. Any remedies available to the Lender under this Section 9(b) shall be limited to visiting the Property and/or any place of work of Loans and Specified Collateral as set forth on the Borrowerapplicable Loan Schedule(s) to which such Lender is a party.

REMEDIES OF THE LENDER. 8.1 If one or more of the Events of Defaults shall have occurred, then, the Lender, by a written notice to the Borrower may declare the principal and all accrued interest and charges on the Loan which may be payable by the Borrower under or in terms of this Agreement and/or any other agreements, documents subsisting between the Borrower and the Lender, as well as all other charges and dues to be due and upon such declaration the same shall become due and payable forthwith and the security in relation to the Loan and any other loans shall become enforceable, notwithstanding anything to the contrary in this Agreement or any other agreement/s or documents. 8.2 If any Event of Default or any event, which, after the notice or lapse of time or both, would constitute an Event of Default shall have happened, the Borrower shall forthwith give to the Lender notice thereof in writing specifying such Event of Default, or such event. 8.3 All reasonable costs incurred by Xxxxxx Lender after an Event of Default has occurred in connection with: i) Preservation of the Borrower's Property (whether now or hereafter existing); or ii) Collection of amounts due under this Agreement may be charged to the Borrower and reimbursed, as the Lender shall specify. 8.4 The Lender may issue any certificate as regards payment of any amounts paid by the Borrower to Lender in terms of this Agreement only if the Borrower has paid all amounts due under this Agreement to the Lender and the Borrower has complied with all the terms of this Agreement. 8.5 In the Event of Default, the Lender shall be entitled to communicate, in any manner it may deem fit, to or with any person or persons with a view to receiving assistance of such person or persons in recovering the defaulted amounts including but not limited to visiting the Property and/or any place of work of the Borrower.