Loan Agreement First Party

If any provision of this Agreement is found to be invalid or unenforceable, the invalid or unenforceable provision shall be deemed to be superseded by an applicable provision that most closely matches the intent of the original provision, and the remainder of the Agreement shall remain in full force and effect. Neither party shall be liable to the other party if and to the extent that the performance or delay in the performance of any of its obligations under this Agreement is prevented, restricted, delayed or disrupted due to circumstances not controlled by that party, including, but not, governmental laws, fires, floods, explosions, epidemics, accidents, force majeure, wars, disturbances, strikes, lockouts or other concerted actions of workers, government acts and/or lack of equipment. The party invoking an event of force majeure must immediately inform the other parties in writing and indicate in full the cause or event and the date of its first occurrence as soon as possible after the event and keep the other parties informed of any further developments. The Party concerned shall do everything in its power to eliminate the cause of non-performance and the Parties shall resume the performance with the utmost care, in accordance with this Agreement, once such cause has been eliminated. B) a person who has arrived in India or is in India, in both cases, other than: (B.1) for or when employed in India or (B.2) for the exercise of an activity or appeal in India or (B.3) for another purpose, among those who indicate their intention to remain indefinitely in India; (h) “person” means a person. (i) “repayment” means the repayment of principal and loan interest, bonds and/or other charges, charges or other charges to be paid to the lender under this Agreement. (j) `down payment` means the early repayment of the loan, in whole or in part. (k) “monthly payment” means the amount of the monthly payment during the loan period. l) “Post Dated Cheques” or “PDCs”, the cheques corresponding to the tranche drawn by the borrower for the benefit of the lender, which bear the data corresponding to the maturity date of each tranche.

(m) “EMI”: monthly rates treated as (n) “working days” on the day on which Indian banks are open for business. 1.2. References to Articles, Clauses, Recitals, Annexes and Annexes shall refer to Articles, Clauses, Recitals, Annexes and Annexes of this Agreement. 1.3. Any reference to a legal provision includes the provision that is amended, re-elected or consolidated from time to time, to the extent that such modification or reintroduction or consolidation applies or applies to transactions entered into under this Agreement. 1.4. Words that designate only the singular must contain the plural and vice versa. 1.5. Words that refer only to the male sex include the female sex and vice versa. 1.6.

The recitals of this Agreement are and continue to be part of this Agreement. 1.7. The titles of this agreement have only served as a reference to clarity and cannot be used to interpret or interpret this agreement. Credit agreements are usually written, but there is no legal reason why a credit agreement should not be a purely oral agreement (although oral agreements are more difficult to enforce). When executing your loan agreement, you may be interested in a notary certifying it notarized once all parties have signed or you want to involve witnesses. The advantage of involving a notary is that it helps prove the validity of the document if it is ever controversial. . . .

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