Common use of Amortisation Clause in Contracts

Amortisation. a) Subject to Clause 2.2, the Borrower will amortise the Loan as stipulated in the Schedule herein below. Provided that where there is any change in such amortisation due to downward revision of interest rate, DCB Bank shall not be required to give notice or intimate the Borrower in writing. b) In addition to (a) above, the Borrower shall pay to DCB Bank, PEMII every month, if applicable. The Borrower shall also make payment apart from PEMII and EMI as may be required by DCB Bank due to any change in the rate of interest and / or any regulatory and / or statutory requirement. c) Notwithstanding what is stated in Clause 2.7 (a) above and in the Schedule, DCB Bank shall, unless specifically provided in terms of this Agreement, have the right, in the event of default in terms of Clause 7 herein, to review and reschedule the repayment terms of the Loan or of the outstanding amount thereof in such manner and to such extent as DCB Bank shall at its sole discretion decide. In such event/s the Borrower shall repay the Loan or the outstanding amount thereof as per the revised Schedule as shall be determined by DCB Bank in its sole discretion and communicated to the Borrower by DCB Bank in writing. d) DCB Bank shall have the right to require the Borrower to furnish such information / documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information / documents immediately on demand.

Amortisation. (a) Subject to Clause 2.2, the Borrower will amortise the Loan as stipulated in the Schedule herein below. Provided that where there is , subject to any change other changes in such amortisation due to downward revision of interest rate, as communicated at any later point in time by DCB Bank in writing to the Borrower. In the event of delay or advancement of disbursement for any reason whatsoever, the date of commencement of the EMI shall not be required remain as communicated by DCB Bank to give notice or intimate the Borrower in writingBorrower. (b) In addition to (a) above, the Borrower shall pay to DCB Bank, PEMII every month, if applicable. The Borrower shall also make payment apart from PEMII and EMI as may be required by DCB Bank due to any change in the rate of interest and / or any regulatory and / or statutory requirement. (c) Notwithstanding what is stated in Clause 2.7 2.6 (a) above and in the Schedule, DCB Bank shall, unless specifically provided in terms of this Agreement, have the right, in the event of default in terms of Clause 7 herein, to review and reschedule the repayment terms of the Loan or of the outstanding amount thereof in such manner and to such extent as DCB Bank shall at its sole discretion decide. In such event/s the Borrower shall repay the Loan or the outstanding amount thereof as per the revised Schedule as shall be determined by DCB Bank in its sole discretion and communicated to the Borrower by DCB Bank in writing. (d) DCB Bank shall have the right to require the Borrower to furnish such information / documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information / documents immediately on demandimmediately.