Common use of Restriction of Liability Clause in Contracts

Restriction of Liability. The sanction of the Loan is at the sole discretion of the Bank and the Borrower shall not have any right to insist the Bank in this regard. The Bank does not undertake any obligation to finance any further credit requirements of the Borrower, whether such requirements arise on account of growth in business or otherwise. The Bank is not bound to disburse the Loan even if sanctioned, unless the Borrower conforms to the Conditions Precedent (discussed hereunder) and the terms and conditions governing the Loan. If the Borrower fails to comply with any of the terms and conditions governing the Loan, or if the Bank is of the opinion that the Borrower is not compliant of any terms and conditions governing the Loan, the Bank may cancel the Loan at its discretion, even if the Loan is disbursed in full or in part. The Borrower shall continue to remain at all times liable and responsible for ensuring the payment / repayment of all EMI of Outstandings on or before the relevant Due Date(s) without any further notice / intimation being given by the Bank, at such place/s as the Bank may specify, without any deductions whatsoever so as to enable the Bank to fully realize the amounts due on or before the respective Due Date(s). Credit for payments by any method will be given only after realization, on the Due Date(s) occurring after such realization. The acceptance by the Bank of any payment which is less than the full EMI shall not constitute a waiver of the Bank’s right to receive payment in full at such time or at any subsequent time or a waiver of any other rights whatsoever of the Bank.

Restriction of Liability. The sanction of the Loan is at the sole discretion of the Bank and the Borrower shall not have any right to insist the Bank in this regard. The Bank does not undertake any obligation to finance any further credit requirements of the Borrower, whether such requirements arise on account of growth in business or otherwise. The Bank USFB is not bound to disburse the Loan even if sanctioned, unless the Borrower conforms to the Conditions Precedent (discussed hereunder) and the terms and conditions governing the Loan. If the Borrower fails to comply with any of the terms and conditions governing the Loan, or if the Bank USFB is of the opinion that the Borrower is not compliant of any terms and conditions governing the Loan, the Bank USFB may cancel the Loan at its discretion, even if the Loan is disbursed in full or in part. The Borrower shall continue to remain at all times liable and responsible for ensuring the payment / payment/repayment of all EMI PI of Outstandings on or before the relevant Due Date(s) without any further notice / notice/intimation being given by the BankUSFB, at such place/s as the Bank USFB may specify, without any deductions whatsoever so as to enable the Bank USFB to fully realize the amounts due on or before the respective Due Date(s). Credit for payments by any method will be given only after realization, on the Due Date(s) occurring after such realization. The acceptance by the Bank USFB of any payment which is less than the full EMI PI shall not constitute a waiver of the BankUSFB’s right to receive payment in full at such time or at any subsequent time or a waiver of any other rights whatsoever of the BankUSFB.

Restriction of Liability. The sanction of the Loan is at the sole discretion of the Bank and the Borrower shall not have any right to insist the Bank in this regard. The Bank does not undertake any obligation to finance any further credit requirements of the BorrowerBorrowers, whether such requirements arise on account of growth in business or otherwise. The Bank is not bound to disburse the Loan even if sanctioned, unless the Borrower conforms to the Conditions Precedent Condition Precedents (discussed hereunder) and the terms and conditions governing the Loan. If the Borrower fails to comply with any of the terms and conditions governing the Loan, or if the Bank is of the opinion that the Borrower is not compliant of any terms and conditions governing the Loan, the Bank may cancel the Loan at its discretion, even if the Loan is disbursed in full or in part. The Borrower shall continue to remain at all times liable and responsible for ensuring the payment / repayment of all EMI of Outstandings Outstanding on or before the relevant Due Date(s) without any further notice / intimation being given by the Bank, Bank at such place/s as the Bank may specify, without any deductions whatsoever so as to enable the Bank to fully realize the amounts due on or before the respective Due Date(s). Credit for payments by any method will be given only after realization, on realization or on the relative Due Date(s) occurring after such realizationwhichever is later. The acceptance by the Bank of any payment which is less than the full EMI shall not constitute a waiver of the Bank’s right to receive payment in full at such time or at any subsequent time or a waiver of any other rights whatsoever of the Bank.

Restriction of Liability. The sanction of the Loan is at the sole discretion of the Bank and the Borrower shall not have any right to insist the Bank in this regard. The Bank does not undertake any obligation to finance any further credit requirements of the Borrower, whether such requirements arise on account of growth in business or otherwise. The Bank USFB is not bound obliged to disburse the Loan even if sanctioned, unless the Borrower conforms to the Conditions Precedent (discussed hereunder) and the terms and conditions governing the Loan. If the Borrower fails to comply with any of the terms and conditions governing the Loan, or if the Bank USFB is of the opinion that the Borrower is not compliant of any terms and conditions governing the Loan, the Bank USFB may cancel the Loan at its discretion, even if the Loan is disbursed in full or in part. The Borrower shall continue to remain at all times liable and responsible for ensuring the payment / payment/repayment of all EMI PI of Outstandings on or before the relevant Due Date(s) without any further notice / notice/intimation being given by the BankUSFB, at such place/s as the Bank USFB may specify, without any deductions whatsoever so as to enable the Bank USFB to fully realize the amounts due on or before the respective Due Date(s). Credit for payments by any method will be given only after realization, on the Due Date(s) occurring after such realization. The acceptance by the Bank USFB of any payment which is less than the full EMI PI shall not constitute a waiver of the BankUSFB’s right to receive payment in full at such time or at any subsequent time or a waiver of any other rights whatsoever of the BankUSFB.