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Guarantee For One Customer By One Surety

Category : Agreements Banking

To The Manager Bank Ltd Dear Sir In consideration of your opening or continuing an account with of hereinafter called the customer I of hereby agree to pay and satisfy to you two days after demand upto the amount hereinafter mentioned all moneys and liabilities already advanced paid in incurred on such account or which you may at any time advance pay or incur to or for the use of accommodation of or on the credit of the customer whether on current account or by way of opening or continuation of any new account special or otherwise in respect of bills of exchange promissory notes of other negotiable securities drawn accepted or endorsed by him or otherwise howsoever together with all interest discount commission and other banking charges law and other costs charges and expenses which may be or may become payable in connection therewith Provided nevertheless that my liability on ...

Agreement For Hire Purchase Of A Car Through A Finance Company

Category : Agreements Banking

THIS AGREEMENT made at this day of 200 between AS o R o Hereinafter called the owner of the FIRST PART and BS o R o Hereinafter called the hirer of the SECOND PART and C S o R o Hereinafter called the dealer of the THIRD PART WHEREAS the hirer is desirous to purchase a car and he has approached the dealer to sell the car to him and to arrange the finance for the purchase of the car AND WHEREAS the dealer after satisfying about the creditworthiness of the hirer has requested the owner to purchase the car more particularly described in the Schedule hereto hereinafter called the said car in order to let the same to the hirer under a hire purchase agreement AND WHEREAS the owner has acquired the said car from the dealer for the abovementioned purpose and in consideration of the above the dealer has agreed to guarantee the payment of the hire by th...

Deed Of Hypothecation Machinery

Category : Agreements Banking

THIS DEED OF HYPOTHECATION executed at on this the day of betweenMr son of aged about years residing at hereinafter called the CREDITOR which expression shall unless it is repugnant to the context mean and include his legal representatives executors administrators and assigns AndMr son of aged about years residing at hereinafter called the BORROWER which expression shall unless it is repugnant to the context mean and include his legal representatives executors administrators and assigns WHEREASThe BORROWER has placed an order for the purchase of a namely valued at Rs Rupees Details of the same are set out in the schedule A hereunder hereinafter referred to as the asset with the namely having its office at ...

Loan Agreement

Category : Agreements Banking

LOAN AGREEMENT BETWEEN AND THIS AGREEMENT made and entered into at this day of BETWEEN hereinafter called the Lender AND hereinafter called the Borrower and reference to the parties hereto shall mean and include their respective heirs executors administrators and assigns WHEREAS the Borrower is in need of funds and hence has approached the Lender to grant her an interest free loan of Rs Rupees only for a period of years AND WHEREAS the Lender has agreed to grant a loan to the Borrower free of interest as the Lender and the Borrower have known each other since several years AND WHEREAS the parties hereto are desirous of recording the terms and conditions of this loan in writing NOW THIS AGREEMENT WITNESSETH and it is hereby agreed by and between the parties hereto as under 1 The Borrower hereto being in need of mon...

Loan Agreement With Security

Category : Agreements Banking

THIS AGREEMENT is made at Mumbai on this day of 200 BETWEEN LTD a Company incorporated under the Companies Act 1956 having its Registered Office at hereinafter referred to as The Lender which term or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs successors and assigns of the One PartANDi M S 123 LIMITED a Company incorporated under the Companies Act 1956 having its Registered Office at hereinafter referred to as The Borrower which terms or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs successors and assigns of the SECOND PART andii M S DEF LIMITED a Company incorporated under the Companies Act 1956 having its Registered Office at hereinafter referred to as The Pledger which terms or expression shall unless excluded by or repugnant to the...

Loan Bond With Sureties And Lower Rate Of Interest In Case Punctuality In Payment

Category : Agreements Banking

THIS DEED is executed on this day of at between 1 Mr X s o Mr Y r o hereinafter called the debtor on the first part 2 Mr A s o B r o and Mr DC s o RA r o hereinafter jointly called the sureties on the second part and3 Mr C s o D r o hereinafter called the creditor on the third part Whereas the creditor has agreed to advance a loan of Rs 5 00 000 00 to the debtor which is to be repayable in four years with interest at the rate of 18 per annum provided two persons stand as surety of the debtor And whereas sureties above named are ready to stand as sureties of the debtor NOW THIS DEED WITNESSES AS UNDER 1 That in pursuance of the said agreement the creditor has advanced a sum of Rs 5 00 000 00 Rupees five lacs only the receipt of which has been acknowledged by the debtor 2 The debtor shall repay the loan in five years in half yearly installments of Rs 50 000 with interest at the rate of 12 per annum 3 That in case the debtor repays the installment of loan ...

Loan Bond With Surety And Hypothecation Of Property

Category : Agreements Banking

This Loan Bond is executed on this day of at Between 1 Mr X s o r o Hereinafter called the debtor on the First Part 2 Mr Y s o r o Hereinafter called the surety on the second part and3 Mr Z s o r o Hereinafter called the creditor on the third part Whereas the debtor has applied for a loan of Rs which shall be re payable in installments as specified hereunder with interest at the rate of 18 per annum And whereas the surety has agreed to give security for the above loan and the creditor has agreed to advance the loan on such security NOW THIS BOND WITNESSES AS UNDER 1 That in pursuance of the said agreement the creditor has advanced a sum of Rs to the debtor The debtor and surety have jointly and severally agree with the creditor as under 2 That the debtor and the surety are jointly and severally responsible for repayment of the above amount i...

Memorandum Of Understanding Between Lender And Borrower

Category : Agreements Banking

THIS MEMORANDUM OF UNDERSTANDING MOU is made at on this day of 200 between M s Limited a Company incorporated under the Companies Act 1956 having its Registered Office at Hereinafter referred to as the Lender which term or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs successors and assigns of the ONE PART and Mr s o r o Hereinafter referred to as the Borrower which term or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include his her heirs successors and assigns of the SECOND PART WHEREASa The Borrower has agreed to pay to the Lender the sums due under the Loan Agreement dated b The Borrower has paid a sum of Rs Lakh Rupees in this behalf from time to time c The principal amount of Rs Lakh i...


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