Examples of DSRA Amount in a sentence
Pertinent to note that the Financial Creditor has not once quantified or called upon the Corporate Debtor to replenish any such shortfall in the DSRA Amount i.e 2 quarters of interest, prior to recall of the entire facility.
In fact, the sanction letters (as amended from time to time) as well as the other documents mentioned hereinabove make it clear that the Corporate Debtor had only guaranteed maintenance of DSRA Amount in respect of the facility.
In the Renewal Sanction Letter dated 19th July, 2017, 19th December, 2018 also, it is again reiterated in the same manner once again, the Financial Creditor expressly agreed that the DSRA Amount shall be maintained in respect of the initially sanctioned limit of INR.
A.G. of Ontario, (1983), 35 C.R. (3d) 225,(Ontario High Court), the disproportionality definition of cruel and unusual was adopted.
Further, the Corporate Debtor’s obligation under the said Guarantee Agreement is limited to guaranteeing the due maintenance of the DSRA Amount in the DSRA and as such relates to Principal Borrower’s obligation of “interest servicing”.