Retail-Unsecured Personal Loans /

Top up loan consolidated

document (Revised 2020)
(Clean loan)
BANK OF INDIA
LOAN AGGREMENT
(To be properly stamped with stamp duty applicable to an Agreement)

This Agreement made at ____________________ on this the ______ day of __________ by Mr/Ms/M/s
_______________________________________ aged _____________ yrs, S/o/D/o
_______________________________ /a public / private limited company incorporated under the Companies Act,
1956/2013/ sole proprietor/partnership firm/HUF/ *having their registered office/residing at _______________
_______________________________________________ (hereinafter referred to as the Borrower)

In favour of :

Bank of India, a body corporate constituted under Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970 having its Head Office at Star House, C - 5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai –
400051 and a Branch Office amongst others at ____________________ hereinafter referred to as the “Bankor
“BOI” which expression shall include its successors and assigns)The expression 'Borrower' shall when the Borrower
is:(a)an individual, include his or her, heirs, executors, administrators and permitted assigns and in the event
Borrower is more than one individual it shall include each and every one of them and their respective heirs,
executors, administrators and permitted assigns,(b) a firm, include the partners for the time being of the firm and
their respective heirs, executors, successors and permitted assigns, (c)a Company, include its successors and
permitted assigns, (d)an HUF or joint and undivided Hindu family or a joint family firm, include its Karta and all its
members, e)an Association, corporate or incorporate, include its successors and permitted assigns and all
members and their respective heirs, executors, administrators and permitted assigns, (f) a proprietorship concern,
include its proprietor, his/her/its heirs, administrators, executors, successors and permitted assigns. The term
Borrower wherever the context so requires (in the event there are more than one individual taking the loan) shall
mean and be construed as Borrowers and the masculine gender, wherever the context so requires shall mean and
be construed as the feminine WHEREAS :

A. The Borrower has applied to the Bank for certain credit facilities on the basis of and for the purpose set forth
inthe Borrower's proposal/application dated the ____________________

B. The Bank has at the request of the Borrower and based on the representations and warranties made by
theBorrower granted/agreed to grant to the Borrower Credit Facilities being Personal Loan/ Top Up Loan
aggregating to Rs. ___________________________, which are more particularly stated in Schedule I hereto
(hereinafter referred/collectively referred to as the 'said Credit Facilities' which expression shall include any
modifications or enhancement thereof) repayable/payable with interest, additional/penal interest, commission and
all other monies at the rate and in the manner set out in the Bank's Letter/s of Sanction dt (Sanction Letter/s),
interalia on the security and the terms and conditions set out herein, in the Sanction Letter/s and as may be
stipulated by the Bank from time to time.

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NOW IN CONSIDERATION of the Bank having granted / agreed to grant the said Credit Facilities, the
Borrower(s) hereby agree/s, undertake/s and declare/s as under:

1.The Recitals above and the Schedules hereunder shall be deemed to be a part of this operative portion as if
incorporated herein in verbatim.
2. In consideration of the Bank having granted /agreed to grant the said Credit Facilities to the Borrower, the
Borrower hereby agrees that:

a) In the case of Overdraft, Demand Loan or other similar facilities, the Borrower shall on demand
forthwith pay to the Bank the outstanding’s owing to the Bank in respect of the said loans along with
interest, additional interest, penal interest, costs, charges and expenses. However, in case where for any
reason any of the said facilities is permitted by the Bank at its absolute discretion to be repaid in
installments and on such terms as may be stipulated, then the Borrower shall repay the loan in such
installments on the respective dates and in the manner stated in Schedule II hereunder, together with
interest, additional interest, penal interest, costs, charges and expenses and the conditions applicable to
term loans herein shall apply to the said loan subject to such changes (if any) as may be stipulated by
Bank. Such permission if and when issued by Bank to Borrower and the repayment schedule shall be
deemed to be a part of this agreement as if incorporated herein and shall be binding on the Borrower.
However, the Bank will have the right to demand the entire amount of Principal, Interest and other monies
payable thereon remaining due and outstanding, which will become payable forthwith.
b) The Term Loan in the said Credit Facilities shall be repayable in installments on the respective dates
and in the manner stated in Schedule I A hereunder, together with interest, additional interest, penal
interest, costs, charges and expenses. However in the event of any default committed, the Bank will
have right to demand the entire amount of Principal and Interest thereon remaining due and outstanding,
which will become payable forthwith. Interest and other monies on Term Loan shall be paid by the
Borrower as and when due/applied in account. Provided that if the amount of the Term Loan actually
disbursed is less than the sanctioned limit then the amount of installment payable as aforesaid shall be
reduced pro-rata but shall be payable on the respective dates specified in the Schedule IA.

3. The Borrower further agrees that the Borrower shall repay/pay the amount outstanding under the said Credit
Facilities in the manner set out as above written and shall pay interest, additional interest, penal interest, costs
(including between the Advocate and clients on full indemnity basis), charges, expenses commission and other
monies as may be stipulated by the Bank from time to time. The rate of Interest applicable for the said Credit
Facilities is set out in Schedule-I here to compounded with Monthly rests, provided that the Bank shall be entitled to
change the rate/s of interest and/or commission and other monies in respect of the said Credit Facilities from time to
time as per the Bank's Rules and/or change the mode of capitalization and the Borrower shall be deemed to have
notice of the same whenever the said change in rate of interest are displayed in Notice Board of the Branch office
of Bank from where the Borrower has availed the said Credit Facilities or published in Newspapers or in the Website
of the Bank for the general information of the public or made through entry of interest charged in pass
books/statement of accounts given to Borrowers in that regard, in which case the repayment schedule shall stand
amended accordingly. PROVIDED that if default shall be committed by the Borrower in the payment of
installment/interest/commission on due date, then the Borrower shall pay to the Bank the overdue
amounts/installment/interest/commission which had not been paid with further interest/commission thereon
calculated at 2% per annum over the agreed rate of interest or at such rates at the discretion of the Bank and in the
manner as would be decided by Bank, from the date on which the said amounts/installment/interest/commission has
become due till repayment; PROVIDED FURTHER that nothing herein contained shall prejudice the right and

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power of the Bank herein or under law for the time being and from time to time in force to enforce the payment of
the amounts due with interest/commission or otherwise to enforce the security.

4.The Borrower hereby irrevocably authorizes the Bank and agrees that Bank shall be within its absolute right to
debit the saving Bank and/or any accounts of the Borrower with any of the branches of the Bank to recover the
installments and/or any other monies due/payable by the Borrower under the said Credit facilities. This shall be
without prejudice to the obligations of the Borrower to repay the said Credit facilities, together with interest and other
monies on the due date/s to the Bank.

5. The Borrower hereby confirm that the interlineations/ corrections if any made in the loan and security
documents/its supplemental agreements including with regard to linking the said Credit Facilities to the RBLR
rate are duly authorized by the Borrower and are binding on the Borrower. Notwithstanding anything contained
the Loan and security documents or in any other writings to the contrary and/or in the supplemental/new
documents that may be executed by the Borrower on account of any enhancement/modifications in the said
Credit Facilities, the Bank shall be within its absolute right to change/reset the Rate of Interest (ROI) based on
movements in Repo Rate, Mark up, BSP/BSD and/or the Credit Risk Premium, from time to time and any such
change/revision in the rate of interest on account of change in the Repo Rate and/or Mark up and/or BSP/BSD
and/or the Credit Risk Premium from time to time, shall be binding on the Borrower through entry of interest
charged in the statement of Account/Loan Account of the Borrower. The Borrower is also aware that if Repo
Rate is changed by RBI, before 10th of a particular month, the effective date will be 10th of that month and if
Repo Rate is changed after 10th of that month then effective date will be 10th of the subsequent month. The
Borrower further agree and confirm that Bank and/or RBI shall be within its right to change the nomenclature
and/or the methodology of fixing the rate of interest and/or the RBLR/Repo Rate/ Mark up/ Credit Risk
Premium/BSP/BSD applicable for the said Credit Facilities and/or the said Working Capital Term Loan, change
the periodicity of resetting of the rate of Interest etc. from time to time and the Borrower shall be bound by the
same. Notwithstanding anything contained herein or in any other documents or writing to the contrary if RBI
modifies its instruction relating to fixation of ROI or issues any revised guidelines including giving liberty to
Banks for fixing the ROI and/ or modifying the periodicity of resetting the various components, etc. the Bank
shall be within its absolute right and sole discretion to reset/re-fix the ROI and/or the calculation of ROI and the
Borrower shall be bound by the same

6. Further, without prejudice to the Bank's other rights and remedies, the Bank shall be entitled to charge at its own
discretion enhanced rates of interest on the outstanding in the loan account(s) or a portion thereof or for any
default or irregularity on the part of the Borrower(s) which in the opinion of the Bank warrants charging of such
enhanced rates of interest for such period as the Bank may deem fit.

7. In case of Term Loan in the said Credit Facilities, the Bank, in its sole discretion and on such terms as to
prepayment charges, etc., as it may prescribe, permit acceleration of equated Monthly installments or pre-
payment at the request of the Borrower on payment of the prepayment charges, which prepayment charges
shall not in any case be less than NIL of the amount then due and payable and the same shall be over and
above the agreed rate of interest. Borrower confirms that the pre-payment penalty is reasonable.

8. That if the Bank at the request of the Borrower(s) agrees to reschedule the repayment of the dues under the
said Credit Facilities, the Borrower(s) agrees to pay the dues in installments with the Interest and
additional/penal rate of Interest in the manner in which it was conveyed by the Bank, any letter of the Bank by
which it was communicated shall be treated as part of this agreement and all covenants of this agreements are
applicable for such rescheduled limits also.
9. If the Borrower(s) is a Partnership Firm or be more than one individual, each one or any one of them/Partner
is/are authorised and empowered by the other(s) of them to admit and acknowledge his/her/their liability to the

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 Bank by executing the acknowledgment of debt and/or securities or by any payment into the accounts(s) or
otherwise and any such admission and acknowledgement of the liability by one or more of them shall be
construed to have been made on behalf of each of them and shall be binding on each and all of them.

10. EVENT OF DEFAULT :

A) In any one or more of the following happenings, it would be treated as an event of default for this agreement:
a. Any breach of the terms of this Agreement.
b. One or more installments are not paid on due date
c. Interest has not been paid on due date.
d. If any distress or execution is levied or issued upon or against any part of the property of the Borrower(s) and the
same is not discharged or vacated within 14 days or if a receiver/liquidator is appointed for the Borrower(s)
business or if any substantial part of the Borrower(s) assets or business shall be deemed to be seized or any
action by any Government or any other authority is instituted to suspend business or agriculture pursuit or
dispose of the whole or substantial part of his/her/their business or agricultural pursuit of the Borrower(s)'.
e. If the Borrower(s) stops payment or ceases or decides to cease to carry on his/their business, agricultural
pursuit or disposes of the whole or substantial part of his /her/ their business or agricultural pursuit,
f. If any other indebtedness or obligation of the Borrower in any other Account is not discharged when due prior
toor on the specified maturity thereof,
g. If any information furnished by the Borrower to the Bank is found to be incorrect or incomplete in any material
particulars,
h. If any event or circumstances shall occur which in the opinion of the Bank be prejudicial to or endanger or be
likely to be prejudicial to or endanger its security here under,
i. If the Borrower(s) fails/fail to utilise the loan amount exclusively for the purpose and in the manner set forth in the
Borrower(s) proposal/Sanction or Borrower(s) fails/fail to implement the proposal in accordance with the terms &
conditions herein mentioned to the satisfaction of the Bank,
j. Commits any act or omission or default which in the opinion of the Bank, is prejudicial to the interest of the Bank.
j. Commits any act or omission or default which in the opinion of the Bank, is prejudicial to the interest of the Bank.

B) In the event of occurrence of any default as above, the Bank may at it sole discretion recall the entire Credit
Facilities irrespective of whether it is due and:

a) recover the entire dues forthwith

b) suspend any withdrawal from the account,
c) take possession of the security and sell the same or take any other action, as it may deem fit,
for recovery of its dues and enforcement its securities.

C) Notwithstanding that there may be any pending suit or other proceedings the Borrower hereby undertakes
to transfer and deliver on demand to the Bank all relative contracts, securities and documents and papers relating to
the Stocks and Book debts.

D) The Bank shall be at liberty to apply any other money or moneys in the hands of the Bank standing to the
credit of or belonging to the Borrower in or towards the payment of the dues to the Bank at any time. In the event of
there still being a deficiency, the Borrower shall forthwith pay such deficiency, provided that nothing herein
contained shall in any manner prejudice or affect the remedy of the Bank against the Borrower and Guarantors;
E) Any delay in exercise or omission to exercise any right, power or remedy accruing to the Bank upon any
default under the agreement or any other deeds or agreements executed by the Borrower shall not impair or
prejudice any such right power or remedy nor shall it be construed to be a waiver thereof or any acquisance in such

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default nor such inaction of the Bank in respect of any default affect or impair any right, power or remedy of the
Bank in respect of any such default.

F) The Borrower shall not until the entire due to the Bank are paid to the satisfaction of the Bank deal with
such premises belonging to or possessed by the Borrower nor its right thereto nor any other assets of the Borrower.

G) All expenses incurred by the Bank for protection, preservation, storage etc. shall be a first charge on the net
sale proceeds/realizations/recoveries.

H) All payments made by the Borrower and all recoveries received by the Bank and any insurance claim
received from any Insurance Company and all recoveries received from the guarantor or any third party shall be
appropriated to any of the loan accounts of the Borrower with the Bank at its sole discretion in the following order: i)
Interest on costs, charges, expenses and other monies, ii) Costs, charges, expenses and other monies, iii) Interest,
including additional interest, penal interest and commitment charges, iv) Repayment of installments of principal due
and payable.
And if any part of the money recovered/received remained after such adjustments, then the Bank shall be entitled to
apply the same towards any other sum or sum of moneys which may be due and owing by Borrower to the Bank on
any other account whatsoever and if after settlement of all claims of Bank against the Borrower any surplus
remains, such surplus shall remain at the disposal of the Borrowers.

11. ADDITIONAL COVENANTS:

In consideration of the Bank having granted/agreed to grant the said credit facilities the Borrower hereby confirm,
agree, declare and undertake as follows:

a) The demand promissory note/s dated _________________ executed / endorsed in favour of the Bank
by Borrower for Rs. ____________ in respect of ________________________ account(s) under the said
credit facilities and those which may be executed by the Borrower from time to time shall stand and be
regarded as a continuing security and be enforceable for all monies which now are or which may at any
time(s) hereafter become due and owing by the Borrower to the Bank under the said credit facilities and
also under any other account/s, from time to time whether or not there be nothing owing in such account/s
or the same may be in credit at any point of time.
b) The Borrower/s has/have handed over to the Bank various deposit receipts issued in favour of the
Borrower, particulars whereof are given at Schedule III hereof, duly discharged by the Borrower. The
Borrower undertake to hand over to the Bank any receipts obtained by the Borrower in renewal thereof,
and also any other deposit receipts issued to the Borrower hereafter similarly discharged by the Borrower.
The Borrower further states that the Borrower has not encumbered, assigned or otherwise dealt with any
such credit balances/term deposits in any way and that they are and will continue to remain free from all
claims, encumbrances by any third party.
c) The Bank shall have the right of lien and / or set off against any of the balances in the Account/s,
Deposits/s of the Borrower's and /or the properties of the Borrower. That in addition to Bank's right of
general lien or similar right to which Bank as banker may be entitled by law, Bank shall have the right at
any time or times and without prior notice to the Borrower to combine/consolidate all or any of Borrower's
Accounts, Deposits and/or set off any credit balance due to the Borrower whether in Borrower's current,
saving and/or any other account/s and/or in respect of moneys kept by the Borrower on term deposit or
deposits whether on maturity or before maturity thereof, at any one or more of Banks' branch/es, against
the outstanding debit balances under the said credit facilities and/or other account/s with any of Bank's

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Branches or against any liability/ies incurred or to be incurred by the Borrower whether under or in respect
of guarantees, LCs or bills or otherwise howsoever and whether such liability/ies be actual or contingent,
primary or collateral, joint or several and whether as principal Borrower or as guarantor.
d) That the Bank may hold all securities, goods, negotiable instruments, documents of title to goods or
other properties belonging to the Borrower which are in Banks' possession or which may at any time
hereafter come into Bank's possession and Bank may also liquidate any or all of these securities, goods,
negotiable instruments, title to goods or properties and other properties etc. without notice to the Borrower
and apply the proceeds thereof not only towards repayment of the specific advance(s) for which these are
offered as security but also towards liquidation of any outstanding debit balances in the said credit
facilities and/or other account/s with the Bank at any one or more of the Bank's branches against any
liability/ies incurred or to be incurred by the Borrower whether under or in respect of any loans,
guarantees, LCs or bills or otherwise howsoever and whether such liability/ies be actual or contingent,
primary or collateral, joint or several or whether as principal Borrower or guarantors. Any interchange,
substitution of any limits/sub-limits shall also not affect the securities created in favour of the Bank and the
securities created shall be available as security for the interchanged, substituted or new limits/facilities as
well and hence shall remain as security to Bank for the ultimate balance due with interest, costs and
expenses and other monies payable by the Borrower in connection thereto.
e) The Borrower will not create any charge or lien over any of the Borrowers' property/ies in favour of any
person except with the express prior written permission of the Bank. The Borrower shall not sell, assign,
gift or create, any lien, pledge, hypothecation, mortgage, charge or other type of encumbrance on the
properties/goods of the Borrower without permission of the Bank.
f) The Borrower shall furnish information from time to time as required by the Bank and provide such
security as may be required by the Bank and execute necessary document/s required to create/give effect
to any security. The Borrower shall also provide suitable third party guarantee/s as and when required by
the Bank. The Borrower shall not provide or pay any commission or fees to the Guarantors for providing
the Guarantees.
g) Borrower shall also be personally liable for misrepresentation if any made to the Bank and the Bank
shall have notwithstanding anything contrary contained in these presents or any other Deed, documents
or writings and without prejudice to its rights and remedies under these presents or in law for the time
being in force, be entitled to the payment/repayment of all moneys, outstanding under the said credit
facilities with interest, commission, charges and other monies as set out in the loan and security
Agreements and/or as may be applicable from time to time.
h) The Borrower(s) or any firm in which Borrower(s) any one or more of Borrower(s) is/are partner/s, do
not have any advance or other credit facility with any other branch or office of the Bank or any other bank
and will not without Bank's written permission obtain any loan or credit facilities of any kind from any other
branch of the Bank or of any other Bank, so long as Borrower(s) remain/s indebted/liable to the Bank in
any way. Borrower is aware that Bank has granted/agreed to grant the said Credit Facilities interalia on
the faith and strength of the Borrowers representation as above.
i) The Borrower expressly agrees with the Bank that the Bank shall be entitled to decline/refuse to grant
the said credit facilities or any part thereof which may remain to be advanced or to recall the credit
facilities granted in the event of a) any of the representations, assurances, statements and particulars
contained in the Borrower's application in the Bank's opinion (which shall be conclusive and binding on
the Borrower) to be incorrect or incomplete or that Borrower has concealed any information and/or b) the
Borrower failing to utilise the said credit facilities or any part thereof for the purpose and/or in the manner
mentioned in the terms of sanction/loan documents and /or c) the Borrower failing to implement the terms
and conditions mentioned in his application to the satisfaction of the Bank, and/or d) the Borrower failing
to comply with any of the terms and conditions of the Bank's Sanction letter/s and/or of this agreement
and /or of any security documents executed / to be executed by the Borrower, and / or e) happening or

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 occurrence of any of the matters, events or circumstances which in the opinion of the Bank is prejudicial
to its interest. On the question, whether any of the events, matters or circumstances, mentioned above
have or has occurred, the opinion of the Bank shall be final, conclusive and binding on the Borrower.

j) NON DIVERSION / SIPHONING OFF OF FUNDS/WILFUL DEFAULTERS

i) Borrower hereby declare and confirm that the Borrower and /or any of its Directors/Partners/Members
and/or the Guarantors are not declared as wilful defaulter by any Bank/FI or other authorities. Borrower
further agrees that the Borrower shall not induct on its board/firm/as member /trustee any person whose
name appear in the list of Wilful defaulters and if there is any such person in Borrower's board/firm/as
member/trustee, the Borrower shall expeditiously remove him/her from the said post.
ii) Borrower shall use the said credit facilities only for the purpose for which it is sanctioned and shall not
use the said credit facilities or any part thereof directly or indirectly for any purpose other than for which it
is sanctioned and said credit facilities shall not be 'diverted' or 'siphoned off' or used for any other
purposes. If required by the Bank, the Borrowers shall obtain a specific certification in the manner
acceptable to the Bank from Chartered Accountants/Auditors regarding the end use of the fund/said credit
facilities by the Borrower. Bank shall also be within its rights to get the Borrower's accounts audited by
any of the Chartered Accountants/Auditors of Bank's choice for checking diversion/siphoning of funds, if
any, at the Borrower's costs and expenses. The Borrower shall allow the Bank's Chartered
Accountants/Auditors access to Borrowers' place/office/s and to all the records of the Borrower and
furnish whatever information/records required by them for the said purpose. For the purpose of this
Agreement words 'diverted' or 'diversion' or 'diversion of funds' and 'siphoned off' or 'siphoning off' or
'siphoning of funds' would have the meaning as defined under the RBI guidelines (as may be amended
from time to time) and would also include deploying the said credit facilities for purposes/activities or
creation of assets other than those for which the said credit facilities was sanctioned and/or transferring
borrowed funds to any other person by whatever modalities and/or utilising the said credit facilities for
purpose unrelated to the purpose for which is availed or non-payment/failure of timely repayment of the
funds of the Bank. The decision as to whether a particular instance amounts to diversion or siphoning of
funds would be at the sole judgment of the Bank based on objective facts and circumstances of the case.

k) RIGHT OF THE BANK TO DISCLOSE INFORMATION

i) The Borrower understand that as a pre-condition, relating to grant of the said credit facilities, Bank
requires the Borrower's consent for the disclosure by the Bank of, information and data relating to the
Borrower, of the said credit facilities or any credit facility availed of/to be availed, by the Borrower,
obligations assumed/to be assumed, by the Borrower, in relation thereto and default, if any, committed by
the Borrower, in discharge thereof. Accordingly, the Borrowers hereby agree and give consent for the
disclosure by the Bank of all or any such information and data relating to the Borrower, the information or
data relating to any credit facility availed of/to be availed, by the Borrower, and default, if any, committed
by the Borrower, in discharge of the Borrower such obligation as the Bank may deem appropriate and
necessary and to disclose and furnish such information to any agencies including Information Utilities
under IBC, Credit Information Bureau (India) Ltd. and any other agency authorised in this behalf by
Reserve Bank of India. The Borrowers declare that the information and data furnished by the Borrower to
the Bank are/shall be true and correct. The Borrower, further agree that the Information Utilities, Credit
Information Bureau (India) Ltd. and any other agency so authorised may use, process the said
information and data disclosed by the Bank in the manner as deemed fit by them; and the Information

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 Utilities, Credit Information Bureau (India) Ltd. and any other agency so authorised may furnish for
consideration, the processed information and data or products thereof prepared by them, to
Banks/Financial Institutions and other credit grantors or registered users, as may be specified by the
Reserve Bank of India in this behalf.
ii) That it is a precondition of grant of the said credit facilities that in case Borrower commit/s default in
repayment of the said credit facilities or in repayment of interest and other monies thereon or any of the
agreed installment of the said credit facilities on the due date or diversion or siphoning off funds by the
Borrowers, the Bank and/or RBI or such other Agency authorized by them, without prejudice to their other
rights, will have an unqualified right to declare, disclose or publish the name and photographs the
Borrower and/or the guarantor and/ or of its units and its/their promoters, directors/ partners /
proprietors, members as defaulters / wilful defaulters in such manner and through such medium as the
Bank or the RBI or such other agencies in their absolute discretion may think fit.
iii) The Borrower hereby further agrees, undertakes and give specific consent to the Bank for
disclosing /submitting the 'financial information' as defined in Section 3(13 ) of the Insolvency and
Bankruptcy Code, 2016 ('Code' for brief) read with the relevant Regulations/ Rules framed under the
Code, as amended and in force from time to time and as specified there under from time to time,
including in respect of the securities created by the Borrower and the Guarantor/s for securing the
amounts due under the Credit facilities availed by the Borrower from the Bank from time to time, to any
'Information Utility' ( 'IU' for brief) as defined in Section 3(21) of the Code, in accordance with the relevant
Regulations framed under the Code, and directions issued by IBBI/Reserve Bank of India to the banks
from time to time and hereby specifically agree to promptly authenticate the 'financial information
submitted by the Bank as and when requested by the concerned 'IU'. The Borrower further agrees and
undertakes to execute any document /agreement to the satisfaction of the Bank to fulfil the objectives
enshrined in the IBC Code and any other new legislation to be promulgated by the Parliament from time
to time.
iv) The Borrower hereby further agrees, undertakes and give specific consent to the Bank for disclosing/
submitting all the information relating to the Borrower and the Guarantor/s including the financial
information and also in respect of the securities created by the Borrower and the Guarantor/s for
securing the amounts due under the Credit facilities availed by the Borrower from the Bank from time to
time, to any prospective investors, Asset Reconstruction Companies, Banks and financial institutions and
other agencies dealing in standard or impaired assets, including in connection with the sale/assignment
of the loan/assets.

l) RIGHT OF THE BANK TO REFINANCE, SECURITISE/ASSIGN ETC.

i) It is hereby expressly agreed that the Bank shall be at liberty to enter into refinancing with any other
Bank or Financial Institution or Government Agency and as security for any refinance, Inter-Bank
Participation Certificates/Securitisation, assign the said credit facilities and the loan and security to the
Assignee/Re-financing Agency as security for any refinance obtained by the Bank from the Re-financing
Agency. The Borrower shall, if and when required by the Bank at the Borrower's own expenses, execute
all such acts, things, deeds, documents, or assurances as the Bank may require for the effectuation of
such assignment. Further, the Borrower expressly recognises and accepts that the Bank shall be
absolutely entitled and have full power and authority without any further reference or intimation to the
Borrower and in such manner and on such terms and conditions as the Bank may decide at its sole
discretion to securitise, sell, assign or transfer in any manner all or any of the said credit facilities (either
with or without the underlying securities) and any or all the Bank's rights and obligations under the
Loan/Security Agreements executed/time to time executed by the Borrowers (either reserving the right of

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the Bank to retain such powers including their power to collect or proceed against the Borrowers on
behalf of the Assignee/s or transferee/s) to any other Bank/s, or Financial Institution/s or other Institutions
or third party/ies of the Bank's choice. In the event of Bank assigning, securitising, transferring as above,
the Bank/ Assignee may if they so desire and at its sole discretion appoint a Trustee or a Company or a
Special Purpose Vehicle for the benefit of such purchasers/assignees and may transfer/assign the
securities and the security/loan documents executed by the Borrowers in favour of such
Trustee/Company or the Special Purpose Vehicles for holding the same on behalf and for the benefit of
the Assignees/Purchasers/investors, who may raise funds for such purchase on the strength of the
assigned securities/the Borrower's obligations under said credit facilities, by suitable instruments to the
Investors on such terms and conditions Bank/SPV/ Securitisation Company may deem fit. While entering
into such transactions mentioned above Bank may if it so desires reserve its rights for repurchase of the
said credit facilities and the securities transferred and may give option to the
Purchaser/Assignee/Investors to re-assign the assigned facility and the security to the Bank on such
terms and conditions Bank may deem fit. Any such securitisation, sale, assignment or transfer and the
related actions in respect thereof shall bind the Borrower and the Borrower shall accept such Bank/s, or
Financial Institutions or other Institutions or Investors or third party/ies as creditor exclusively or as a joint
creditor with the Bank, as the case may be. Any cost in this behalf, whether on account of such
Securitisation, sale, assignment or transfer or enforcement of rights and recovery of outstanding and
dues, shall be to the Borrower's account. Borrower shall also execute any further documents required in
this connection at the opinion of the Bank, for further effecting the said transactions at the Borrower's
costs and expenses. It is clarified that the Borrower shall not be entitled to directly or indirectly assign the
benefit or obligations under the said credit facilities and its securities.
ii) The Borrower shall, upon every request of the Bank or Re-financing Agency or the Assignee allow the
Bank or the Re-financing Agency or the Assignee and any officer, any nominee, servant or agent of the
Bank or Re-financing Agency or the Assignee or any accountant/auditor appointed by them/any of them to
inspect the Borrower's premises and/or security and the Borrower's books of account and vouchers for
ensuring that the Borrower has duly complied with the terms of the sanction and / or the loan and security
documents.
iii) The Borrower will furnish to the Bank and the Re-financing Agency or the Assignee with all such
information as the Bank and the Re-financing Agency or the Assignee may require to their satisfaction as
to due compliance with the terms of the proposal and of the sanctions, loan and security documents and
utilisation of the said credit facilities and all such periodical reports and information at such times, in such
form and containing such particulars as the Bank and/or the Re-financing Agency or the Assignee may
call for.
iv) The Bank shall be at liberty (and the Borrower hereby gives its consent to the Bank) to furnish to the
Re-financing Agency or the Assignee any such information or report, whether received by the Bank from
the Borrower or otherwise in the Bank's possession.
v) Nothing contained in these presents shall be deemed to limit or affect prejudicially the rights and
powers of the Bank under the loan security documents or any of them or at law vi) If due to delay in
disbursement or availment of the said credit facilities on account of the default on the part of the Borrower
and consequent delay in availing the refinance from the Refinancing Agency, the Bank is required to pay
any kind of charges or interest to the Refinancing Agency, then the Borrower shall be bound to bear the
same. The Bank shall be entitled to debit such amounts to the account of the Borrower and it shall be
treated as part of the said credit facilities and shall carry like interest and be secured in the same manner
as the said credit facilities.

12.RECOVERY UNDER THE PUBLIC DEMAND RECOVERY ACTS OR SIMILAR LEGISLATIONS

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The Borrowers hereby irrevocably agree and consent with the Bank that without prejudice to the other rights
and remedies of the Bank, any amounts payable by the Borrowers to the Bank under the said credit facilities
together with all interest, costs, charges and expenses as mentioned herein/in the loan and/or security
documents executed/ may be executed by the Borrower in connection with the said credit facilities shall be
payable by and recoverable from the Borrower and also from the properties and assets of the Borrowers as a
Public Money/Demand in terms of Act (Branch to fill in the name of the local act)/ any Legislation or any other
statutory modification or re-enactment thereof for the time being in force relating to recoveries thereof. The
Borrowers further agree and declare that the Borrowers shall be debarred from raising any plea as to
jurisdiction or competence of the certificate court/forum in the certificate proceedings if and when instituted to
realize the dues under the said Credit Facilities from the Borrowers and the Borrowers' properties/assets under
any legislation or any other statutory modification or re-enactment thereof for the time being in force relating to
recoveries thereof.
13. RELATIONSHIP WITH DIRECTORS /SENIOR OFFICIALS OF THE BANK ETC.

The Borrowers do hereby solemnly declare and assure and state as follows :
a) That the Borrowers or none of the partners of the Borrowers Firm or none of the members of the Borrower if
an HUF or other incorporated entity or none of the directors of the Borrower are not a Director of the Bank
or of a Banking Company or a specified near relative of any Director/s or Senior Officer/s of the Bank or of
any Banking Company.
b) The Borrowers also declare that no such Directors/ Senior Officers/ and no relative of such
Director/Senior Officer of the Bank holds 'substantial interest' as defined in Section 5 (ne) of the Banking
Regulation Act 1949 with the entities promoted by the Borrowers OR
c) The Borrowers hereby declare that the Borrowers are related to the Director/ senior officer/s of theBank in
the following way :

Name of the Borrower/s Name of the Nature of Relationship Branch/office wherethe

Officer/Director to whom officer is posted
Related

SCHEDULE IA

Repayment Schedule for Term Loan as per sanctioned terms

Sl.No Due Date Amount of Installment / EMI / EQI / EHI / EAI

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 SCHEDULE II

(Installments details if Demand Loan is allowed to be paid in Installments)

Sl.No Due Date Amount of Installment

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 SCHEDULE III

(Details of deposit receipts)

Borrower/s

*** Tick whatever is applicable and strike of the rest/modify wherever required

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