Shall alert the lending company regarding the change in their/her/their reputation since a citizen/non-citizen Indian

Shall alert the lending company regarding the change in their/her/their reputation since a citizen/non-citizen Indian

Shall (in case of several borrower) feel jointly and you can severally liable to pay off the borrowed funds, appeal and all of almost every other figures owed and payable lower than so it Agreement and observe the small print;

5.step one.5. If there is getting non- resident Indian/people off Asia source, will adhere to and you may complete new arrangements out of Currency exchange Management Work, 1999, given that revised from time to time and all sorts of other relevant regulations in terms of to buy, sustaining, having fun with, offering immovable property inside the Asia and repatriating proceeds outside Asia and you may the newest Debtor will indemnify and sustain indemnified the financial institution in this part.

5.step 1.6. The fresh Borrower understands and you can accepts the new rates of interest and its particular computation means, other fees, charge and all sorts of almost every other amounts payable according to the regards to so it Agreement as the sensible in addition to Borrower has actually realized the definition of each terms and conditions and you will monetary ramifications, quantity payable and obligations and you may financial obligation created less than it Arrangement

People safety(ies) supplied by the new Borrower(s), under any other arrangement inserted on the or to become entered for the towards Lender, together with its subsidiaries would be considered to-be the security(ies) under that it Contract

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