Common use of Acknowledgement of Debt Clause in Contracts

Acknowledgement of Debt. CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE 3 LETTER FOR DELIVERY OF P OST DATED CHEQUES SURRENDER LETTER Date : To, Axis Bank Ltd. Dear Sirs, Reference: Tractor Loan Account No. Tractor Make and Model Tractor Asset Registration No. Name of the Borrower Address of the Borrower Under the aforesaid Loan agreement, I undertook to pay the monthly/Bi-monthly/Quartarly/Half Yearly installments on the due dates mentioned therein. However, I could not pay the Instalments due from to and consequently the Tractor has been taken possession of by/surrenderd to you on As I am not in a position to settle the account and take back the Tractor, I request you to sell the Tractor in “as is where is” condition at the best price as determined by you. In order to enable you to have other registration certificate of the said vehicle in your name or in the name of the purchaser, I enclose the Form Nos. 29 & 30 duly signed by me. I request you to fill the forms suitably and submit them to the Registering Authority concerned for getting the registration certificate in your name or in the name of the purchaser. Yours faithfully. Mr./Ms./M/s. (Name) (Borrower) Signature Mr./Ms./M/s. (Name) (Co-Borrower-1) Signature Mr./Ms./M/s. (Name) (Co-Borrower-2) Signature

Acknowledgement of Debt. CCD-16 We  I hereby confirm and acknowledge my/our indebtedness on that I am legally indebted to the Cape Peninsula University of Technology in the total sum amount of R .  I agree that should I, for any reason whatsoever, default to pay off with instalments or settle the outstanding debt as set out herein; the University shall have the right to make this agreement an order of the sum of Rscourt without having to notify me first. (Rupees only) as stated in such  I comprehend fully that any debit order instalment dates will be set aligned to my salary date.  I further acknowledge that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE 3 LETTER FOR DELIVERY OF P OST DATED CHEQUES SURRENDER LETTER Date : To, Axis Bank Ltd. Dear Sirs, Reference: Tractor Loan Account No. Tractor Make and Model Tractor Asset Registration No. Name of the Borrower Address of the Borrower Under the aforesaid Loan agreement, I undertook arrangement to pay the monthly/Bi-monthly/Quartarly/Half Yearly installments on the due dates above mentioned therein. However, I could not pay the Instalments due from amount only serves to and consequently the Tractor has been taken possession of by/surrenderd to you on As I am not in a position facilitate my commitment to settle the outstanding debt within the prescribed period set. This does not include the release of results/academic transcripts, certificates or guarantees any future registration unless the account and take back the Tractor, I request you to sell the Tractor is paid in “as is where is” condition at the best price as determined by youfull. In order to enable you to have other registration certificate Full Name of the said vehicle in your name or in the name of the purchaser, I enclose the Form NosAccount Payer Contact Telephone (office hours) Cell phone No E-mail Address (Account Payer) Cell phone No (Student) Alt. 29 & 30 duly signed by me. I request you to fill the forms suitably and submit them to the Registering Authority concerned for getting the registration certificate in your name or in the name of the purchaser. Yours faithfully. Mr./Ms./M/s. No (NameStudent) E-mail Address (BorrowerStudent) Signature Mr./Ms./M/s. of account Payer Student’s Signature IMPORTANT PLEASE ATTACH: STUDENT ID ACCOUNT HOLDER ID 3 MONTHS LATEST BANK STATEMENT FOR OFFICE USE: APPROVED BY (NamePRINTED) SIGNAUTURE . (Co-Borrower-1Initial & Surname) Signature Mr./Ms./M/s. Bank account details for Debit Order (NamePlease provide bank account details – this form cannot be used for bond account payments) Account Holder Bank Name Account Number Branch Code Branch Name Type of Account Current (Co-Borrower-2Cheque) SignatureSavings Transmission I, the undersigned, hereby agree to a monthly deduction of R . and duly authorise the Cape Peninsula University of Technology to debit my bank account for the same as from (salary date) / /20 with the final deduction on / /20 . Total number of instalments are .

Acknowledgement of Debt. CCD-16  I hereby acknowledge that I am legally indebted to the Cape Peninsula University of Technology in the total sum amount of R .  I agree that should I, for any reason whatsoever, default to pay off with instalments or settle the outstanding debt as set out herein; the University shall have the right to make this agreement an order of the court without having to notify me first.  I comprehend fully that any debit order instalment dates will be set aligned to my salary date.  I further acknowledge that the arrangement to pay the above mentioned amount only serves to facilitate my commitment to settle the outstanding debt within the prescribed period set. This does not include the release of results/academic transcripts, certificates or guarantees any future registration unless the account is paid in full. Full Name of Account Payer Contact Telephone (office hours) Cell phone No E-mail Address (Account Payer) Cell phone No (Student) Alt. No (Student) E-mail Address (Student) Signature of account Payer Student’s Signature IMPORTANT PLEASE ATTACH: STUDENT ID ACCOUNT HOLDER ID 3 MONTHS LATEST BANK STATEMENT FOR OFFICE USE: APPROVED BY (PRINTED) SIGNAUTURE . (Initial & Surname) Bank account details for Debit Order (Please provide bank account details – this form cannot be used for bond account payments) Account Holder Bank Name Account Number Branch Code Branch Name Type of Account Current (Cheque) Savings Transmission I, the undersigned, hereby agree to a monthly deduction of R . and duly authorise the Cape Peninsula University of Technology to debit my bank account for the same as from (salary date) / /20 with the final deduction on ./ /20 Total NO# of instalments are . This signed Authority and Mandate refers to our contract dated (“the Agreement”) I/We hereby confirm authorise you to issue and acknowledge deliver payment instructions to your Banker for collection against my/our indebtedness abovementioned account at my/our above-mentioned Bank (or any other Bank or branch to which I/we may transfer my/our account) on of condition that the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge instructions will never exceed my/our liability under obligations as agreed to in the letter/deed/agreement of guarantee signed by me /us and declare I /We understand that the said guarantee is in full force and effectwithdrawals hereby authorised will be processed through a computerized system provided by the Banks. Dated Schedule I Signature/s also understand that details of the Guarantor/s) Facility Limit Sanctioned Outstandina as each withdrawal will be printed on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dtmy Bank statement. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured Such must contain a number, which number must be included in the manner stated said payment instruction and if provided to me should enable me to identify the Agreement. This number must be added to this form in section D before the Schedule II belowissuing of any payment instruction. The said documents of security executed Agreement, and commencing on are in full force and effect continuing until this Authority and that the security thereunder Mandate is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE 3 LETTER FOR DELIVERY OF P OST DATED CHEQUES SURRENDER LETTER Date : To, Axis Bank Ltd. Dear Sirs, Reference: Tractor Loan Account No. Tractor Make and Model Tractor Asset Registration No. Name of the Borrower Address of the Borrower Under the aforesaid Loan agreement, I undertook to pay the monthly/Bi-monthly/Quartarly/Half Yearly installments on the due dates mentioned therein. However, I could not pay the Instalments due from to and consequently the Tractor has been taken possession of by/surrenderd to you on As I am not in a position to settle the account and take back the Tractor, I request you to sell the Tractor in “as is where is” condition at the best price as determined by you. In order to enable you to have other registration certificate of the said vehicle in your name or in the name of the purchaser, I enclose the Form Nos. 29 & 30 duly signed terminated by me. I request /us by giving you notice in writing of not less 20 ordinary working days, and sent by prepaid registered post or delivered to fill the forms suitably and submit them to the Registering Authority concerned for getting the registration certificate in your name or in the name of the purchaser. Yours faithfully. Mr./Ms./M/s. (Name) (Borrower) Signature Mr./Ms./M/s. (Name) (Co-Borrower-1) Signature Mr./Ms./M/s. (Name) (Co-Borrower-2) Signatureaddress indicated above.

Acknowledgement of Debt. CCD-16 We hereby confirm Consequently, pursuant to the acknowledgements of debt contained in paragraph B of this Second Clause and acknowledge my/our indebtedness on of the New Loans disbursed as provided in Paragraph C above, DEBTOR hereby acknowledges its debt owned as at the date hereof to every one of the Creditors appearing before me, in the amounts listed below: One) , DEBTOR hereby acknowledges and assumes to owe to Corpbanca an overall principal amount of 270,000 Unidades de Fomento; Two) DEBTOR hereby acknowledges and assumes to owe to Scotiabank an overall principal amount of 175,000 Unidades de Fomento; Three) DEBTOR hereby acknowledges and assumes to owe to Bankboston an overall principal amount of 105,000 Unidades de Fomento. All above-mentioned amounts referred to in this paragraph D, owed by DEBTOR to Creditors, amount to an overall principal sum of Rs550,000 Unidades de Fomento, and will be referred to hereinafter for all purposes relating to this Agreement as “the Loans"; and the promissory notes evidencing both the Outstanding Loans and the New Loans, will be referred to hereinafter as "the Promissory Notes"; copies of all Promissory Notes are attached hereto as ANNEX A, and are integral part of this Agreement. (Rupees only) as stated in such It is hereby agreed that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Furtherabove-listed amounts, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for taking the payment of the outstanding amount as mentioned in the schedule I below and amounts in respect of all interest into account, as referred to in the present and future indebtedness and liabilities Sixth Clause below, are the only amounts owed by DEBTOR, as at the date hereof, to Creditors under the loan agreement identified in Item One, paragraph A of this Clause, as amended by the said credit facilities together with interest, costs, charges and expenses deed identified in terms Item Two Paragraph A of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/Wethis Clause, the guarantor/s concur in the foregoing confirmation Promissory Notes, and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare this Agreement. In addition, it is expressly agreed that the said guarantee is in full force Stamp Tax levied on the Promissory Notes has been paid and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina acknowledged, as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Furtherprovided by law, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below fully and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interestdue course, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE 3 LETTER FOR DELIVERY OF P OST DATED CHEQUES SURRENDER LETTER Date : To, Axis Bank Ltd. Dear Sirs, Reference: Tractor Loan Account No. Tractor Make and Model Tractor Asset Registration No. Name of the Borrower Address of the Borrower Under the aforesaid Loan agreement, I undertook to pay the monthly/Bi-monthly/Quartarly/Half Yearly installments on the due dates mentioned therein. However, I could not pay the Instalments due from to and consequently the Tractor has been taken possession of by/surrenderd to you on As I am not in a position to settle the account and take back the Tractor, I request you to sell the Tractor in “as is where is” condition at the best price as determined by you. In order to enable you to have other registration certificate of the said vehicle in your name or in the name of the purchaser, I enclose the Form Nos. 29 & 30 duly signed by me. I request you to fill the forms suitably and submit them prior to the Registering Authority concerned for getting date hereof, with respect to the registration certificate in your name or in Outstanding Loans, and to the name of the purchaser. Yours faithfully. Mr./Ms./M/s. (Name) (Borrower) Signature Mr./Ms./M/s. (Name) (Co-Borrower-1) Signature Mr./Ms./M/s. (Name) (Co-Borrower-2) SignatureNew Loans.

Acknowledgement of Debt. CCD-16 We hereby confirm and acknowledge my/our indebtedness on Any certificate issued under the signature of the sum Creditor or his duly authorised agent that purports to certify the amount due hereunder shall be accepted as prima facie proof of Rs. (Rupees only) as such indebtedness and shall have sufficient probative value to enable the Creditor to obtain summary judgment or provisional sentence against the Debtor in any competent court for the amount stated in such that certificate, and the debt is secured in Debtor accepts the manner onus of disproving the amount so stated in as not being the Schedule II belowamount owing. The said documents debtor shall not be entitled for any reason whatsoever to withhold or defer payment stipulated for in this acknowledgement of security executed on are debt. If there is more than one debtor, each and every Debtor accepts that his liability shall be in full force and effect solidum and that the Creditor shall at all times be at liberty to proceed with collection and excussion proceedings against the debtor of his choice. As security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose due and proper payment of Section 18 all liabilities incurred hereunder the Debtor shall supply to the Creditor the following securities: (list such securities, if any). The Debtor shall be at liberty to pay any portion of the Limitation act, 1963 Principal Debt and finance charges before the due date thereof without derogating from any like limitation law right he may have in order terms hereof. (Alternatively: The Debtor shall not be allowed to preclude any question pay the outstanding balance of limitation law that I/We are liable the Principal Debt before the due date thereof unless he has given notice of at least 90 (NINETY) days in writing to you for the payment Creditor of his intention to do so. The Debtor may not give such notice to the Creditor before at least 90 (NINETY) days calculated from date hereof have elapsed. Any notice referred to above shall state the date on which the Debtor intends to pay the amount of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities balance of the said credit facilities together with interestDebt, costsand notwithstanding anything to the contrary contained herein, charges and expenses the date thus stated shall be deemed to be the date on which the balance owing in terms of the said promissory notes/agreements/documents as mentioned in schedule II hereof is due and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Srpayable.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE LETTER FOR DELIVERY OF P OST DATED CHEQUES Axis Bank Ltd. LETTER OF ACKNOWLEDGEMENT OF DEBT CCD-16 We hereby confirm and acknowledge my/our indebtedness on of the sum of Rs. (Rupees only) as stated in such that the debt is secured in the manner stated in the Schedule II below. The said documents of security executed on are in full force and effect and that the security thereunder is also in full force and effect. Further, l/We acknowledge for the purpose of Section 18 of the Limitation act, 1963 and any like limitation law in order to preclude any question of limitation law that I/We are liable to you for the payment of the outstanding amount as mentioned in the schedule I below and in respect of all the present and future indebtedness and liabilities of the said credit facilities together with interest, costs, charges and expenses in terms of the said promissory notes/agreements/documents as mentioned in schedule II and the said promissory notes/agreements/documents shall remain in force with all relative securities, agreements and obligations. Dated: (Stamp) (Signature/s of the Borrowers) I/We, the guarantor/s concur in the foregoing confirmation and acknowledge my/our liability under the letter/deed/agreement of guarantee signed by me /us and declare that the said guarantee is in full force and effect. Dated Schedule I Signature/s of the Guarantor/s) Facility Limit Sanctioned Outstandina as on (in Rupees) TRACTOR LOAN Schedule II oo Security Documents: Sr.N Document Dt. of Execution Amount 1 LOAN CUM HYPOTHECATION AGREEMENT 2 DEED OF GUARANTEE 3 LETTER FOR DELIVERY OF P OST DATED CHEQUES SURRENDER LETTER Date : To, Axis Bank Ltd. Dear Sirs, Reference: Tractor Loan Account No. Tractor Make and Model Tractor Asset Registration No. Name of the Borrower Address of the Borrower Under the aforesaid Loan agreement, I undertook to pay the monthly/Bi-monthly/Quartarly/Half Yearly installments on the due dates mentioned therein. However, I could not pay the Instalments due from to and consequently the Tractor has been taken possession of by/surrenderd to you on As I am not in a position to settle the account and take back the Tractor, I request you to sell the Tractor in “as is where is” condition at the best price as determined by you. In order to enable you to have other registration certificate of the said vehicle in your name or in the name of the purchaser, I enclose the Form Nos. 29 & 30 duly signed by me. I request you to fill the forms suitably and submit them to the Registering Authority concerned for getting the registration certificate in your name or in the name of the purchaser. Yours faithfully. Mr./Ms./M/s. (Name) (Borrower) Signature Mr./Ms./M/s. (Name) (Co-Borrower-1) Signature Mr./Ms./M/s. (Name) (Co-Borrower-2) Signature)