Examples of Outstanding Dues in a sentence
The Vehicle shall remain a continuing security to the Lender binding upon the Borrower and the Security shall not be discharged until the full repayment of all the Outstanding Dues to the satisfaction of the Lender.
If permitted by the Lender, the Borrower shall give prior written notice of his intention to prepay the Outstanding Dues and pay to the Lender such prepayment charges mentioned in Schedule I, subject to change by the Lender at any time and from time to time.
The Borrower hereby agrees that any and all filings made and any endorsement on the Registration Certificate obtained from the concerned Registering Authority in relation to the hypothecation and charge created over the Vehicle shall be deemed to have been filed/obtained (as the case may be) for the purpose of the Facility and all the Outstanding Dues.
In such an event the Borrower shall repay the Outstanding Dues as per the revised schedule as communicated to the Borrower by the Lender in writing.
If the Borrower defaults in making payment of any amount of Outstanding Dues to the Lender on the respective Due Date(s), the Borrower shall be liable to pay default charges at the rate specified in Schedule I ("Default Charges") in addition to the Interest applicable to the Facility (plus applicable interest tax or other statutory levy) on all such Outstanding Dues from the relevant Due Date(s) till the date of payment of such entire amount.