Examples of EMI in a sentence
Such EMI Overdue Charges shall be charged /debited to the Borrower’s Facility account on the respective Due Dates and shall be deemed to form part of the Borrower’s Dues.
On occurrence of any Event of Default as specified hereunder, including but not limited to, delay or failure of the Borrower, to pay any amount including Interest on the Due Date, the Bank reserves the right to impose EMI Overdue Charges at such rate as provided in the Schedule I hereunder written.
The Bank’s right to charge EMI Overdue Charges shall not, in any manner whatsoever, impair or hinder the Bank’s rights to seek recourse to any other remedies available with the Bank on occurrence of an Event of Default.
The EMI payable by the Borrower would be on the full amount of the Facility irrespective of full disbursement of the Facility having not been made; changes from time to time would be made to the term of the repayment of the Facility corresponding to the amount of the Facility disbursed.
At the request of the Borrower and if agreed upon by the Bank, the Borrower shall pay to the Bank EMI on the amounts disbursed under the Facility based on the full tenor of the Facility.