Borrower Declaration Sample Clauses

Borrower Declaration. (i) I hereby acknowledge that any and all penal interest is reasonable and represent a genuine pre-estimate of the loss incurred by the Company in the event of non-payment by the Borrower and/or non-compliance with the terms of this Loan Agreement. (ii) I hereby acknowledge that the Loan provided under this Loan Agreement is for a commercial transaction entered into for valid and adequate consideration. (iii) It is hereby accepted by me that the amounts stated by the Company as due from me, shall be final and conclusive proof of the correctness of any sum claimed by the Company to be due from me and without production of any voucher, documents or other papers whether in support thereof or otherwise and I hereby agree that the same shall not be disputed by me. (iv) The right of the Company to recover the dues from me shall be exercised either directly by the Company or by the Company through its agent or any of its authorized representatives and I hereby agree to the same. (v) I undertake that for any changes/updation/modification made in mobile phone number details, the same will be duly communicated to the Company. (vi) In the event of death of the Borrower, I/We do hereby confirm that the nominee mentioned below shall be entitled to receive the gold ornaments pledged with Rupeek or such other bank/ financial institution, subject to payment of all outstanding amounts including interest etc. and production of death certificate of the Borrower, to the exclusion of any other person/s, regardless of any other depositions made by me/us, whether testamentary or otherwise I/We hereby declare and confirm that upon return of the pledged gold to my nominee, ▇▇▇▇▇▇ and any other associated banking company/financial institution shall be released from any and all liabilities towards me/us and/or my/our legal heirs. Name of Nominee: ……………………………………………. Address of Nominee: …………………………………………. Phone No. of Nominee: ………………………………………. Relationship with Borrower: ………………………………….. (vii) In the event the aforementioned nominee does not come forward within a period of 90 (Ninety) days from the death of the Borrower to retrieve the pledged gold, ▇▇▇▇▇▇ shall release the gold jointly to the legal heirs of the Borrower upon them furnishing a legal heirship certificate or similar document evidencing their relationship to the Borrower. Borrower’s Signature Place:……….…. Date: ………......
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Related to Borrower Declaration

  • Environmental requirements 28.1 The Buyer will provide a copy of its environmental policy to the Supplier on request, which the Supplier will comply with. 28.2 The Supplier must provide reasonable support to enable Buyers to work in an environmentally friendly way, for example by helping them recycle or lower their carbon footprint.

  • General Requirements The Contractor hereby agrees:

  • Exit plan 21.1 The Supplier must provide an exit plan in its Application which ensures continuity of service and the Supplier will follow it. 21.2 When requested, the Supplier will help the Buyer to migrate the Services to a replacement supplier in line with the exit plan. This will be at the Supplier’s own expense if the Call-Off Contract Ended before the Expiry Date due to Supplier cause. 21.3 If the Buyer has reserved the right in the Order Form to extend the Call-Off Contract Term beyond 24 months the Supplier must provide the Buyer with an additional exit plan for approval by the Buyer at least 8 weeks before the 18 month anniversary of the Start date. 21.4 The Supplier must ensure that the additional exit plan clearly sets out the Supplier’s methodology for achieving an orderly transition of the Services from the Supplier to the Buyer or its replacement Supplier at the expiry of the proposed extension period or if the contract Ends during that period. 21.5 Before submitting the additional exit plan to the Buyer for approval, the Supplier will work with the Buyer to ensure that the additional exit plan is aligned with the Buyer’s own exit plan and strategy. 21.6 The Supplier acknowledges that the Buyer’s right to extend the Term beyond 24 months is subject to the Buyer’s own governance process. Where the Buyer is a central government department, this includes the need to obtain approval from GDS under the Spend Controls process. The approval to extend will only be given if the Buyer can clearly demonstrate that the Supplier’s additional exit plan ensures that: 21.6.1 the Buyer will be able to transfer the Services to a replacement supplier before the expiry or Ending of the extension period on terms that are commercially reasonable and acceptable to the Buyer 21.6.2 there will be no adverse impact on service continuity 21.6.3 there is no vendor lock-in to the Supplier’s Service at exit 21.6.4 it enables the Buyer to meet its obligations under the Technology Code Of Practice 21.7 If approval is obtained by the Buyer to extend the Term, then the Supplier will comply with its obligations in the additional exit plan. 21.8 The additional exit plan must set out full details of timescales, activities and roles and responsibilities of the Parties for: 21.8.1 the transfer to the Buyer of any technical information, instructions, manuals and code reasonably required by the Buyer to enable a smooth migration from the Supplier 21.8.2 the strategy for exportation and migration of Buyer Data from the Supplier system to the Buyer or a replacement supplier, including conversion to open standards or other standards required by the Buyer 21.8.3 the transfer of Project Specific IPR items and other Buyer customisations, configurations and databases to the Buyer or a replacement supplier 21.8.4 the testing and assurance strategy for exported Buyer Data 21.8.5 if relevant, TUPE-related activity to comply with the TUPE regulations 21.8.6 any other activities and information which is reasonably required to ensure continuity of Service during the exit period and an orderly transition

  • Information about European Union Funds The procurement is related to a project and/or programme financed by European Union funds: No

  • Default GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances: