Inter Corporate Deposit Agreement Draft
4. In the event that the lender sends the borrower notification of the clearing of the margin on the securities (in this Fall_____% and the borrower refuses and/or omits: obtaining the margin within the time frame set out in the notice of the contract is considered by the borrower to be an obligatory delay in the terms of this agreement and, in this case, it is legal (but not mandatory) for the lender to require the borrower to repay the loan at the same time as the outstanding interest, and the borrower is required to repay the loan in full, with the interest of the loan, without any objection and/or questioning. 6. It is expressly agreed between and between the parties that in the event of a downward revision of the market price of the 123 LTD shares, the borrower/lender will pay, for the lender alone, these other units of 123 LTD, in order to guarantee a margin between the loan amount and the interest and securities. Will holding private limited NBFC`s loan to its Associate private limited NBFC and vice versa fall under the “Inter Corporate Deposit” under the RBI Circular Public Fund of 01.09.2016, since no public funds are in fact involved outside the public fund. 9. The contracting parties ensure that the person executing this agreement on behalf of each party is fully entitled to do so and that all the business steps necessary to authorize the implementation of this agreement have been taken by that party, on the understanding that neither party is required to review or verify whether these measures have been taken. one. The borrower is one of the companies in Group 123 LIMITED, a company created under the provisions of the Corporations Act, which is headquartered in 1956, after being referred to as the “borrower,” a paid-up capital of r.
(7) If the borrower does not refuse and/or repay the amount of the loan or interest amount on the maturity date, it is lawful for the lender to transfer all or part of the equity units of 123 LTD at the borrower`s expense and expense, either by private agreement or on the open market, and to transfer the net result of the loan or interest. IN WITNESS WHEREOF, the parties signed this agreement on the date and place above, accepting all of the above conditions. D. The lender agreed to repay the loan in a timely manner, along with interest, by establishing and being an integral part of the agreement in favour of the lender`s commitment to the security listed in the schedule.