Facility Agreement India

Facility Agreement India

Each Party shall provide the following assurances and guarantees with respect to itself and confirm that they are accurate, correct and valid: (a) it shall have full power and power to take, provide and enforce the terms and provisions of this Agreement and, in particular, to exercise its rights, to fulfil its obligations and to provide the assurances and guarantees it has provided under this Agreement; (b) its obligations under this Agreement are legally and valid and may be implemented against it in accordance with the provisions of this Agreement. (c) the Parties warrant and declare that they have the legal competence and capacity to execute and enforce this Treaty. Credit agreements usually contain information about: Language 15.1 English is used in all correspondence and communication between the parties. 15.2 Cumulative Rights All remedies brought by the Lender under this Agreement, whether provided for or granted by law, civil law, customary law, customary law, trade or use, are cumulative and non-alternative and may be applied successively or simultaneously. 15.3 Benefits of the Loan Agreement The loan agreement is binding on each party and its successors or heirs, administrators, and for the benefit of this agreement. 15.4 Any delay in the exercise or omission of any right, power or remedy vested in the Lender under this Agreement, other agreement or other document shall not affect such rights, powers or remedies and shall not be construed as a waiver or tolerance of delay; Similarly, the lender`s action or omission with respect to a default or the tolerance of a delay does not affect or affect the lender`s right, power or remedy with respect to another default. Are there exchange controls that limit payments to a foreign lender as part of a security document, guarantee or loan agreement? Neither party shall be liable to the other party if and to the extent that the performance or delay in the performance of any of its obligations under this Agreement is prevented, restricted, delayed or disrupted due to circumstances not controlled by that party, including, but not, governmental laws, fires, floods, explosions, epidemics, accidents, force majeure, wars, disturbances, strikes, lockouts or other concerted actions of workers, government acts and/or lack of equipment. The party invoking an event of force majeure must immediately inform the other parties in writing and indicate in full the cause or event and the date of its first occurrence as soon as possible after the event and keep the other parties informed of any further developments. The Party concerned shall do everything in its power to eliminate the cause of non-performance and the Parties shall resume the performance with the utmost care, in accordance with this Agreement, once such cause has been eliminated.

a) To provide accurate and truthful information. b) To finance the amount accepted to the borrower. (c) hold sufficient credit to the account of the beneficiary bank for the payment of a part of the amount of the borrower`s loan. (d) the correct performance of all the conditions laid down in this loan agreement. e) Lenders agree to exempt and indemnify and hold harmless any claims, actions, liabilities, costs, losses, damages suffered by your access in violation of the stated terms of use as well as applicable laws, rules and regulations or agreements in force from time to time. This Agreement shall enter into force from the date of this Agreement. The parties hereby declare: 16.1 They have read the entire agreement and are subject to all conditions….