Common use of Fees and Operating Expenses Clause in Contracts

Fees and Operating Expenses. (a) The Borrower shall, on or before the Drawdown of the Facility, pay to the Lender processing/service fee calculated at the rate provided in Schedule I (S.No.21) to this Agreement, on the amount of the Facility sanctioned by the Lender along-with applicable service tax. The processing/service fee shall be non-refundable and in the event the Facility has not been drawn down, the Borrower shall still be required to pay such processing/service fee to the Lender. The Lender shall be entitled to recover the non-refundable processing fees/service charge by way of deduction from the Drawdown. (b) The Borrower shall be liable to pay all fee and charges mentioned in sanction letter and schedule. (c) The Borrower shall, on or before after if specified by the lender the disbursement of the Facility by the Lender Version August 2021 [4] bear, pay and reimburse to the Lender all cost (including costs of legal counsel/advisors and legal recourse adopted, travelling, lodging and boarding of representatives of the Lender), fee, charges (including stamp duty, legal and valuation charges and registration charges) and increaed costs expenses incurred and/or to be incurred by the Lender, on a full indemnity basis: in connection with the Facility. (d) If at any time hereafter it is found or required that any extra stamp duty is payable on this Agreement and/or if it is ascertained that stamp duty at a rate higher than the duty presently paid on this Agreement is payable/ required to be paid, then the Borrower shall immediately pay the same with penalty (if any) and keep the Lender indemnified and save harmless at all times from the payment thereof. (e) All amounts payable by the Borrower to the Lender under this clause shall be reimbursed by the Borrower to the Lender within 7 (seven) days from the date of notice of demand from the Lender and shall be debited to the Facility account maintained with a bank approved by the Lender and shall carry interest at the same rate as payable on the Facility from the date of payment till actual payment.

Fees and Operating Expenses. (a) The Borrower shall, on or before the Drawdown of the Facility, pay to the Lender processing/service fee calculated at the rate provided in Schedule I (S.No.21) to this Agreement, on the amount of the Facility sanctioned by the Lender along-with applicable service tax. The processing/service fee shall be non-refundable and in the event the Facility has not been drawn down, the Borrower shall still be required to pay such processing/service fee to the Lender. The Lender shall be entitled to recover the non-refundable processing fees/service charge by way of deduction from the Drawdown. (b) The Borrower shall be liable to pay all fee and charges mentioned in sanction letter and schedule. (c) The Borrower shall, on or before after if specified by the lender the disbursement of the Facility by the Lender Version August 2021 [4] bear, pay and reimburse to the Lender all cost (including costs of legal counsel/advisors and legal recourse adopted, Version December 2021 [4] travelling, lodging and boarding of representatives of the Lender), fee, charges (including stamp duty, legal and valuation charges and registration charges) and increaed costs expenses incurred and/or to be incurred by the Lender, on a full indemnity basis: in connection with the Facility. (d) If at any time hereafter it is found or required that any extra stamp duty is payable on this Agreement and/or if it is ascertained that stamp duty at a rate higher than the duty presently paid on this Agreement is payable/ required to be paid, then the Borrower shall immediately pay the same with penalty (if any) and keep the Lender indemnified and save harmless at all times from the payment thereof. (e) All amounts payable by the Borrower to the Lender under this clause shall be reimbursed by the Borrower to the Lender within 7 (seven) days from the date of notice of demand from the Lender and shall be debited to the Facility account maintained with a bank approved by the Lender and shall carry interest at the same rate as payable on the Facility from the date of payment till actual payment.