Common use of Sub-Limits Clause in Contracts

Sub-Limits. (a) The Facility or Facilities constituting sub-Limit within the available Limit of the Facility (hereinafter called the “Principal Facility”) under the Agreement shall, to the extent of utilisation, be governed by the terms and conditions as detailed in the respective Schedule(s) hereof. Provided where the Facility or Facilities constituting sub-Limit does / do not correspond to any of the product(s) as detailed in respective Schedule(s) hereof, then the same shall be governed by such terms and conditions as may be stipulated herein or as may be stipulated by the Bank while sanctioning such sub-Limit or from time to time thereafter. (b) The Bank may, during the currency of the Agreement, at the request of the Borrower and at its absolute discretion, within the available Limit of the Principal Facility, grant / extend and disburse to the Borrower some other Working Capital Product(s) of such Limit (hereinafter called “sub-Limit”), in part or whole, from any of its Lending Office, on such terms and conditions set out in the Agreement and subject to the Borrower complying with the provisions of the Transaction Documents and such further terms and conditions as may be stipulated by the Bank while granting / extending such sub-Limit and from time to time. (c) The Borrower further undertakes to execute a ‘Letter of Acknowledgement of Debt’ in favour of the Bank, whenever the Bank may call upon the Borrower to do so, in such manner and form as the Bank may deem fit. (d) At any time, to the extent of utilisation and outstanding of Facility or Facilities under respective sub-Limit, the Limit under the Principal Facility shall stand reduced accordingly.

Sub-Limits. (a) The Facility or Facilities constituting sub-Limit within the available Limit of the Facility (hereinafter called the “Principal Facility”) under the Agreement shall, to the extent of utilisation, be governed by the terms and conditions applicable to corresponding Facility Product(s), as detailed in the respective Schedule(s) Schedule II hereof. Provided where the Facility or Facilities constituting sub-Limit does / do not correspond to any of the product(sFacility Product(s) as detailed in respective Schedule(s) hereofSchedule II hereof , then the same shall be governed by such terms and conditions as may be stipulated herein or as may be stipulated by the Bank while sanctioning such sub-Limit or from time to time thereafter. (b) The Bank may, during the currency of the Agreement, at the request of the Borrower and at its absolute discretion, within the available Limit of the Principal Facility, grant / extend and disburse to the Borrower some other Working Capital Facility Product(s) of such Limit (hereinafter called “sub-Limit”), in part or whole, from any of its Lending Office, on such terms and conditions set out in the Agreement and subject to the Borrower complying with the provisions of the Transaction Financing Documents and such further terms and conditions as may be stipulated by the Bank while granting / extending such sub-Limit and from time to time. The Bank shall have the right to revise / vary / rollover the limits (and any sub-limits thereunder, including interchangeability the respective sub- Limits), Margin, interest rate, concessions etc from time to time, in compliance of the applicable regulatory guidelines and upon revision by the Bank of such limits, such revised limits shall be notified by the Bank to the Borrower and the revised limits shall be deemed to be the limits or sub-limits covered under this Agreement. (c) The Borrower further undertakes to execute a ‘Letter of Acknowledgement of Debt’ in favour of the Bank, whenever the Bank may call upon the Borrower to do so, in such manner and form as the Bank may deem fit. (d) At any timeanytime, to the extent of utilisation and outstanding of Facility Facilities or Facilities under respective sub-Limit, the Limit under the Principal Facility shall stand reduced accordingly. (e) The Borrower shall, if so required by the Bank, maintain such margin(s) (the “Margin”) in respect of the Facilities as specified in Sr. No. 12 of Schedule I, during the subsistence of the Facilities. The Bank shall be entitled to, at its sole discretion, vary the Margin and the Borrower shall thereafter be bound to maintain such Margin as varied, notwithstanding any Margin earlier agreed. (f) The Borrower shall at all times confine the drawals out of the relevant Facilities within the respective sanction limits/Sub-limits.

Sub-Limits. (a) The Facility or Facilities constituting sub-Limit within the available Limit of the Facility (hereinafter called the “Principal Facility”) under the Agreement shall, to the extent of utilisation, be governed by the terms and conditions applicable to corresponding Facility Product(s), as detailed in the respective Schedule(s) Schedule II hereof. Provided where the Facility or Facilities constituting sub-Limit does / do not correspond to any of the product(sFacility Product(s) as detailed in respective Schedule(s) hereofSchedule II hereof , then the same shall be governed by such terms and conditions as may be stipulated herein or as may be stipulated by the Bank while sanctioning such sub-Limit or from time to time thereafter. (b) The Bank may, during the currency of the Agreement, at the request of the Borrower and at its absolute discretion, within the available Limit of the Principal Facility, grant / extend and disburse to the Borrower some other Working Capital Facility Product(s) of such Limit (hereinafter called “sub-Limit”), in part or whole, from any of its Lending Office, on such terms and conditions set out in the Agreement and subject to the Borrower complying with the provisions of the Transaction Financing Documents and such further terms and conditions as may be stipulated by the Bank while granting / extending such sub-Limit and from time to time. The Bank shall have the right to revise / vary / rollover the limits (and any sub-limits thereunder, including interchangeability the respective sub-Limits), Margin, interest rate, concessions etc from time to time, in compliance of the applicable regulatory guidelines and upon revision by the Bank of such limits, such revised limits shall be notified by the Bank to the Borrower and the revised limits shall be deemed to be the limits or sub-limits covered under this Agreement. (c) The Borrower further undertakes to execute a ‘Letter of Acknowledgement of Debt’ in favour of the Bank, whenever the Bank may call upon the Borrower to do so, in such manner and form as the Bank may deem fit. (d) At any timeanytime, to the extent of utilisation and outstanding of Facility Facilities or Facilities under respective sub-Limit, the Limit under the Principal Facility shall stand reduced accordingly. (e) The Borrower shall, if so required by the Bank, maintain such margin(s) (the “Margin”) in respect of the Facilities as specified in Sr. No. 12 of Schedule I, during the subsistence of the Facilities. The Bank shall be entitled to, at its sole discretion, vary the Margin and the Borrower shall thereafter be bound to maintain such Margin as varied, notwithstanding any Margin earlier agreed. (f) The Borrower shall at all times confine the drawals out of the relevant Facilities within the respective sanction limits/Sub-limits.

Sub-Limits. (a) The Facility or Facilities constituting sub-Limit within the available Limit of the Facility (hereinafter called the “Principal Facility”) under the Agreement shall, to the extent of utilisation, be governed by the terms and conditions applicable to corresponding Facility Product(s), as detailed in the respective Schedule(s) Schedule II hereof. Provided where the Facility or Facilities constituting Facilityor Facilitiesconstituting sub-Limit does / do not correspond to any of the product(sFacility Product(s) as detailed in respective Schedule(s) hereofSchedule II hereof , then the same shall be governed by such terms and conditions as may be stipulated herein or as may be stipulated by the Bank while sanctioning such sub-Limit or from time to time thereafter. (b) The Bank may, during the currency of the Agreement, at the request of the Borrower and at its absolute discretion, within the available Limit of the Principal Facility, grant / extend and disburse to the Borrower some other Working Capital Facility Product(s) of such Limit (hereinafter called “subcalled“sub-Limit”), in part or whole, from any of its Lending Office, on such terms and conditions set out in the Agreement and subject to the Borrower complying with the provisions of the Transaction Financing Documents and such further terms and conditions as may be stipulated by the Bank while granting / extending such sub-Limit and from time to time. The Bank shall have the right to revise / vary / rollover the limits (and any sub-limits thereunder, including interchangeability the respective sub-Limits), Margin, interest rate, concessions etc from time to time, in compliance of the applicable regulatory guidelines and upon revision by the Bank of such limits, such revised limits shall be notified by the Bank to the Borrower and the revised limits shall be deemedto be the limits or sub-limits covered under this Agreement. (c) The Borrower further undertakes to execute a ‘Letter of Acknowledgement of Debt’ in favour of the Bank, whenever the Bank may call upon the Borrower to do so, in such manner and form as the Bank may deem fit. (d) At any timeanytime, to the extent of utilisation and outstanding of Facility Facilities or Facilities under respective sub-Limit, the Limit under the Principal Facility shall stand reduced accordingly. (e) The Borrower shall, if so required by the Bank, maintain such margin(s) (the “Margin”) in respect of the Facilities as specified in Sr. No. 12 of Schedule I, during the subsistence of the Facilities. The Bank shall be entitled to, at its sole discretion, vary the Margin and the Borrower shall thereafter be bound to maintain such Margin as varied, notwithstanding any Margin earlier agreed. (f) The Borrower shall at all times confine the drawals out of the relevant Facilities within the respective sanction limits/Sub-limits.

Sub-Limits. (a) The Facility or Facilities constituting sub-Limit within the available Limit of the Facility (hereinafter called the “Principal Facility”) under the Agreement shall, to the extent of utilisation, be governed by the terms and conditions as detailed in the respective Schedule(s) hereof. Provided where the Facility or Facilities constituting sub-Limit does / do not correspond to any of the product(s) as detailed in respective Schedule(s) hereof, then the same shall be governed by such terms and conditions as may be stipulated herein or as may be stipulated by the Bank while sanctioning such sub-Limit or from time to time thereafter. (b) The Bank may, during the currency of the Agreement, at the request of the Borrower and at its absolute discretion, within the available Limit of the Principal Facility, grant / extend and disburse to the Borrower some other Working Capital Product(s) of such Limit (hereinafter called “sub-Limit”), in part or whole, from any of its Lending Office, on such terms and conditions set out in the Agreement and subject to the Borrower complying with the provisions of the Transaction Documents and such further terms and conditions as may be stipulated by the Bank while granting / extending such sub-Limit and from time to time. (c) The Borrower further undertakes to execute a ‘Letter of Acknowledgement of Debt’ in favour of the Bank, whenever the Bank may call upon the Borrower to do so, in such manner and form as the Bank may deem fit. (d) At any timeanytime, to the extent of utilisation and outstanding of Facility or Facilities under respective sub-Limit, the Limit under the Principal Facility shall stand reduced accordingly.