Common use of Securitisation Clause in Contracts

Securitisation. The Borrower expressly recognizes and accepts that the Lender shall be absolutely entitled and has full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Lender may decide, including reserving a right to the Lender to retain his power hereunder to proceed against the Borrower on behalf of the purchaser, assignee or transferee, any or all outstanding and dues of the Borrower, to any third party of the Lender’s choice without reference to or ;without written intimation to the Borrower. Any such action and any such sale, assignment or transfer shall bind the Borrower to accept such third party as creditor as exclusively or as a joint creditor with the Lender, or as creditor with the right to the Lender to continue to exercise all powers hereunder on behalf of such third party and to pay over such outstandings and dues to such third party and or to the Lender as the Lender may direct. The Borrower acknowledges and undertakes to pay to third parties the difference between the Loan amount outstanding and the amount received by the Lender in the event of transfer of the portfolio to a third party. The third party shall have authority of the Borrower(s) to collect the due amounts.

Securitisation. 18.1 The Borrower expressly recognizes and accepts that the Lender shall be absolutely entitled and has have full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Lender may decide, including reserving a right to the Lender to retain his its power hereunder to proceed against the Borrower on behalf of the purchaser, assignee or transferee, any or all outstanding and dues of the BorrowerBorrower , to any third party of the Lender’s choice without reference to or ;without written intimation to the Borrower. Any such action and any such sale, assignment or transfer shall bind the Borrower to accept such third party as creditor as exclusively or as a joint creditor with the Lender, or as creditor exclusively with the right to the Lender to continue to exercise all powers hereunder on behalf of such third party and to pay over such outstandings outstanding and dues to such third party and or to the Lender as the Lender may direct. The Borrower acknowledges and undertakes to pay to third parties the difference between the Loan loan amount outstanding and the amount received by the Lender in the event of transfer of the portfolio to a third party. The third party shall have authority of the Borrower(sBorrower (s) to collect the due amounts.

Securitisation. 18.1 The Borrower expressly recognizes and accepts that the Lender shall be absolutely entitled and has have full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Lender may decide, including reserving a right to the Lender to retain his its power hereunder to proceed against the Borrower on behalf of the purchaser, assignee or transferee, any or all outstanding and dues of the BorrowerBorrower , to any third party of the Lender’s 's choice without reference to or ;without written intimation to the Borrower. Any such action and any such sale, assignment or transfer shall bind the Borrower to accept such third party as creditor as exclusively or as a joint creditor with the Lender, or as creditor exclusively with the right to the Lender to continue to exercise all powers hereunder on behalf of such third party and to pay over such outstandings outstanding and dues to such third party and or to the Lender as the Lender may direct. The Borrower acknowledges and undertakes to pay to third parties the difference between the Loan loan amount outstanding and the amount received by the Lender in the event of transfer of the portfolio to a third party. The third party shall have authority of the Borrower(sBorrower (s) to collect the due amounts.

Securitisation. 17.1 The Borrower expressly recognizes and accepts that the Lender shall be absolutely entitled and has have full power and authority to sell, assign or transfer in any manner, in whole or in part, and in such manner and on such terms as the Lender may decide, including reserving a right to the Lender to retain his its power hereunder to proceed against the Borrower on behalf of the purchaser, assignee or transferee, any or all outstanding and dues of the BorrowerBorrower , to any third party of the Lender’s choice without reference to or ;without written intimation to the Borrower. Any such action and any such sale, assignment or transfer shall bind the Borrower to accept such third party as creditor as exclusively or as a joint creditor with the Lender, or as creditor exclusively with the right to the Lender to continue to exercise all powers hereunder on behalf of such third party and to pay over such outstandings and dues to such third party and or to the Lender as the Lender may direct. The Borrower acknowledges and undertakes to pay to third parties the difference between the Loan loan amount outstanding and the amount received by the Lender in the event of transfer of the portfolio to a third party. The third party shall have authority of the Borrower(sBorrower (s) to collect the due amounts.