AHFL definition
Examples of AHFL in a sentence
The Disbursement shall be in stages as per the progress of the work as prescribed in terms of the internal guidelines/policy of AHFL, as applicable from time to time.
If the Borrower pre-pays only a part of the amount payable by the Borrower to the AHFL, the AHFL shall be entitled to adjust the amount pre-paid against the amount payable by the Borrower In such manner as the AHFL thinks fit.
Any consent given by the Borrower to AHFL as per terms and conditions set out in Article 9 of the Loan Agreement, shall, upon novation of the Bank’s Participation, be deemed to be given to the Bank as well.
The records and accounts maintained by the AHFL in its ordinary course of business shall be prima facie proof for the due amounts under this Agreement.
If the security depreciates in value to such an extent that in the opinion of the AHFL further security to the satisfaction of AHFL should be given and such security is not given, in -spite of being called upon to do so.
The Borrower shall not leave India for employment or business or for long term stay abroad without fully repaying the Loan then outstanding together with interest and other dues and charges including prepayment charges as per the rules of AHFL then in force.
AHFL may vary the Prime Lending Rate (PLR) from time to time in such manner as AHFL may deem fit in its sole discretion.
The Borrower shall also pay to AHFL PEMI every month, until commencement of EMI.
All of the issued and outstanding shares of AHFL common stock have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of the British Virgin Islands and its Constitution and Articles of Association.
AHFL is required to retain a minimum of 20 per cent share of the Loan on its books or such other percentage as permitted under applicable laws.