DEMAND PROMISSORY NOTE Clause Samples

DEMAND PROMISSORY NOTE. Rs. /- ON DEMAND, we, , a resident individual/ company/ partnership firm/ limited liability partnership firm/sole proprietorship firm/ society/ trust under the laws of India with my / our address at jointly and severally promise to pay to Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited (or any successor(s)/assignee(s) thereof) or order at its office/branch at New Delhi the sum of Rs. only) for the value received together with interest thereon from the date hereof, at the Interest Rate (mentioned below) per annum payable with monthly rests. The Interest Rate shall be the prevailing (per annum) of Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited) (or any successor(s) thereof) from time to time plus/less* ( ) basis points. Presentment for payment and noting and protest of this note are hereby unconditionally and irrevocably waived. Signature of the Borrower(s) (Name: ) Place : Date : SAMMAAN *tick whichever if applicable. To (Formerly known as Indiabulls Commercial Credit Limited) ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇. ▇▇, ▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ – ▇▇▇▇▇▇ Corporate Identity Number: U65923DL2006PLC150632 Dear ▇▇▇, We refer to the Demand Promissory Note for Rs. /- (Rupees only) dated duly signed and delivered by us to you, as security for the payment/repayment of all amounts due and/or payable by us under the loan agreement dated _______________________ and/or any amendment(s)/addendum(s) thereto ("Loan Agreement") between (a) and (b) Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited) ("Lender") and the related Loan Documents, at present outstanding as also for the payment/repayment of any further amount, which we may avail hereafter from you. We hereby irrevocably and unconditionally, agree, confirm and undertake that: (i) the said Demand Promissory Note shall operate as a continuing security to you to be enforceable for the repayment of the ultimate balance and/or all sums remaining unpaid under the Loan Agreement and the related Loan Documents now or hereafter, including all interest to become payable in respect of the Loan Agreement and the related Loan Documents, and also all moneys lent, advanced, paid or incurred in respect of / under the Loan Agreement and the related Loan Documents or which may in future be advanced or incurred together with interest, discount, commission and other charges and all other costs, charges and expenses which may be or become payable...

DEMAND PROMISSORY NOTE. ON DEMAND, I / We, , jointly and severally promise to pay to AXIS BANK LTD. or order, the sum of Rs...........................................(Rupees. only ) together with interest from the date hereof, at percent per annum or such other rate the Bank may fix from time to time, compounding and payable with daily/monthly/ quarterly rests, for value received. X Borrower Stamp Place : ................................................... Date : ................................................... X (Signature of the borrower)

DEMAND PROMISSORY NOTE. (to be appropriately stamped)

DEMAND PROMISSORY NOTE. Amount: Rs. On demand I /we. do hereby jointly and severally promise to pay to MAGMA FINCORP LIMITED having its Registered Office at “Magma House”,▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ – 700016 or order at Kolkata the sum of Rs…………………………………………(Rupees… ) for MFL/TYRE/0313/1/SKG/23513-2K/06514 value received on this ……………………………………..day of 20 Authorization of the Borrower/s to make payment through ECS Debit Clearing from Salary/ Operating Account of the Borrower/s only.

DEMAND PROMISSORY NOTE. Date: Place: Name of Borrower / Co-Borrower Signature AFFIDAVIT CUM UNDERTAKING

DEMAND PROMISSORY NOTE. Place : Date : ON DEMAND, I / We (*jointly and severally) promise to pay Reliance Home Finance Limited (“RHFL”), or its assigns a sum of Rs. /- (Rupees only) for value received together with interest at the compounding rate of % per annum with rests or such other rates which RHFL may specify from time to time. Presentment for payment and noting and protest of the note are hereby unconditionally waived. Rs. /- (Rupees only) The Common Seal of M/s. Ltd. has been affixed hereunto pursuant to a Resolution passed by the Board of Directors at their meeting held on in the presence of Mr. and Mr. ▇▇▇/two Director/s of the company who has/have signed these presents in token thereof and Mr. ▇▇▇▇▇▇▇▇▇/Authorised Person who has signed/ countersigned these presents in token thereof. Signed by the above named OR For Ltd.

DEMAND PROMISSORY NOTE. The Pledgor/s tenders herewith Demand Promissory Note(s) for the CC and/or OD credit facility(ies) mentioned above as cover for the respective credit facililty. The said Demand Promissory Note executed by the Pledgor/s in favour of the Bank shall operate as a continuing security for the CC and/or OD account(s). The said Demand Promissory Note shall operate as security for the ultimate balance with interest thereon to become payable upon the said CC and/or OD account(s), including all moneys lent, advanced, paid or incurred on such account or which may in future be advanced or incurred together with interest, discount, commission and other banking charges as fixed by the Bank or as per law from time to time and other costs, charges and expenses which may be or become payable in connection therewith and the said CC and/or OD account(s) shall not be considered to be closed for the purpose of security and the security is not to be considered as exhausted merely by reason of the said CC and/or OD account(s) being brought to credit at any time or from time to time.

DEMAND PROMISSORY NOTE. ON DEMAND, I / We,................................................................................................................................................................................................ jointly and severally promise to pay to AXIS BANK LTD. or order, the sum of Rs .........................................(Rupees ............................................ ...............................................................................................................only ) together with interest from the date hereof, at. percent per annum or such other rate the Bank may fix from time to time, compounding and payable with daily/monthly/quarterly rests, for value received. Borrower Co-borrower Co-borrower STAMP STAMP STAMP The borrower / Co-Borrower has to sign across the revenue stamp & DP note Place ...................................................................... Date .......................................................................

DEMAND PROMISSORY NOTE. Rs. /- ON DEMAND, I/We residing at / having our office at jointly and severally promise to pay to KOTAK MAHINDRA BANK LIMITED, having its registered Office at 27 BKC, ▇-▇▇, ▇-▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ (▇▇▇▇), ▇▇▇▇▇▇ – 400 051 or Order, a sum of Rs. /- only, with interest thereon at the rate of % perannumonreducingbalancemethod. Dated this day of , 20 Note: Signature of the Borrower/Co-Borrowers should run beyond the breadth of the Revenue Stamp. DPN shall be signed by the Borrower as well as the Co-Borrowers. KOTAK MAHINDRA BANK LTD. To due to us onaccording to our books is correct. The details of the balance are given in the statement attached to this letter. If you do not dispute the correctness of the above balance, please sign the certificate given below and return itto us. Yours Faithfully, For KOTAK MAHINDRA BANK LIMITED.