Mode of Disbursement a) Disbursement of the Loan may be made directly to the Borrower or the Seller/Dealer/DSA of the Vehicle or in such other manner as may be decided solely by the Lender.
Mode of Disbursement. The disbursement of the Loan Amount or any part thereof by the Lender may be made to the Borrower, or directly to any other person as the Borrower may request, as the Lender may in its sole discretion deem fit. In case the Loan being availed of by the Borrower is in replacement of/switchover of a loan earlier availed of by the Borrower from another bank/financial institution, the disbursement of the Loan Amount or any part thereof by the Lender may be made to the Borrower, or directly to such other bank/financial institution, as the Lender may in its sole discretion deem fit.”
Mode of Disbursement. All disbursements to be made by the Lender to the Borrower under or in terms of this Agreement shall be made by a cheque duly crossed and marked “A/c Payee Only” and the collection charges, if any, in respect of all such cheque will have to be borne by the Borrower and the interest on Loan will begin to accrue in favour of the Lender as and from the date of delivery/dispatch of the cheque irrespective of the time taken for transit/collection/realization of the cheque by the Borrower or his bank.
Mode of Disbursement. The Bank may disburse the Loan either in lump sum or in suitable installments to be decided by the Bank with reference to the need or progress of project sought to be funded by the Borrower, which decision shall be final and binding on the Borrower. The disbursement shall be made by the Bank by issuing a Banker's Pay Order or a Demand Draft crossed as "A/c Payee only" or through a credit to a designated bank account, details whereof are specified in the Schedule hereto. The charges in relation to the disbursement (including charges of issuance or collection of proceeds by the beneficiary of such pay order or demand draft) shall be borne by the Borrower. The Bank may, by giving reasonable notice to the Borrower, suspend or cancel further disbursements of the Loan if the Loan amount shall not have been fully drawn within a reasonable time or due to any other reason whatsoever, as deemed fit by the Bank.
Mode of Disbursement. A. Disbursement of the Loan may be made directly to the Borrower or to the builder/developer and in case of ready built Property to the vendor thereof and/or in such other manner as may be decided solely by the Lender.
Mode of Disbursement. The Bank may disburse the Loan either in lump sum or in suitable installments to be decided by the Bank. The disbursement shall be made by the Bank through a credit to a designated bank account or by issuing a banker's pay order or a demand draft crossed as "A/c payee only" at the discretion of the Bank considering the request of the Borrower, details whereof are specified in the Schedule hereto. The charges in relation to the disbursement (including charges of issuance or collection of proceeds by the beneficiary of such pay order or demand draft) shall be borne by the Borrower.
Mode of Disbursement. All the payments to be made by IHFL to the Borrower under or in terms of this Agreement shall be made by the cheque duly crossed and marked "Account Payee" only and the collection charges, if any, in respect of all such cheques will have to be borne by the Borrower and interest on IHFL Loan will begin to accrue in favour of IHFL as on the date of delivery or dispatch of the cheque, irrespective of the time taken for transit / collection/ realization by the Borrower and his bank.
Mode of Disbursement. 3.1 The Bank shall disburse the Personal Loan in the manner given in the Schedule hereto. The Bank shall credit the Personal Loan amount to the designated Bank account, details provided in the Schedule, in the name of the Borrower to be held with the Bank itself or with any other Bank or such Bank to which Electronic Debit Instructions are given as specified in Clause 6.4 hereinafter (“Personal Loan Account”). In the alternative, the Bank may, at the request of the Borrower, disburse the loan by issuing Pay Order drawn in favour of the Borrower.
Mode of Disbursement. The Bank may disburse the Loan either in lump sum or in case of Home Loan, Property Purchase Loan, in suitable installments to be decided by the Bank with reference to the need or progress of construction, which decision shall be final and binding on the Borrower. The disbursement shall be made by the Bank by issuing a Banker’s Pay Order or a Demand Draft crossed as “A/c Payee only” or through a credit to a designated bank account, details whereof are communicated by the Borrower to the Bank:
Mode of Disbursement. (a) All payments to be made by the Bank to the Borrower under or in terms of this Agreement shall be made by cheque/ Demand Draft/ Pay order duly crossed and marked A/c Payee Only/ or by credit to the borrower’s account through RTGS/ NEFT, and the collection charges if any, in respect of all such cheques will have to be borne by the Borrower and the interest on the Bank Loan will begin to accrue to the borrower’s account as and from the date of disbursement of the cheque/ RTGS/NEFT irrespective of the time taken for transit/ collection/realisation of the cheque by the Borrower or his bank/RTGS/NEFT.
