Common Contracts
1 similar Agreement contracts
MASTER FACILITY AGREEMENT BUSINESS BANKING ASSETSAgreement • April 2nd, 2013
Name of the Executant Address Date of Execution Guarantee Facility (Amt.) Rs. Rupees Rate of Charges % of the facility amount Delayed rate of Interest Margin p.m. or such rate as may be specified by the Bank % Cash Margin in the form of Fixed Deposit with Kotak Mahindra Bank Limited Place Other Terms and Conditions (1) The Borrower shall provide counter-guarantee/indemnity for repayment in event of devolvement of Bank Guarantee(2) Format of Bank Guarantee issued by Kotak Mahindra Bank Limited shall be accepted by the Borrower(3) The Bank will have a right to set-off the term deposit amount (if any) against the bank guarantee liability if the bank guarantee gets invoked(4) All the terms and conditions of the sanction letter or individual facility sanction letter shall form an integral part of this agreement and shall be read in conjunction with the agreement as if the same have been included in the terms of this agreement.
