Common use of Occupation of the Property Clause in Contracts

Occupation of the Property. The following additional representations and warranties shall be applicable in case the Facility is a Loan Against Property: (a) That the Borrower has given the Property on lease / leave and license/ occupancy basis to the persons and for the term specified in Schedule I to the Loan Agreement and the Borrower will not renew the leave and license without the prior consent of the Lender in writing. The Borrower however confirms that apart from a mere ‘license’ as above, the Borrower has not created and shall not create any kind of right, title or interest in favour of any person whatsoever, over or in relation to the Property or any part thereof; OR V 15.0 (b) That the Property is in the sole occupation and possession of the Borrower/Owner. The Borrower agrees and undertakes that the Borrower shall not without the prior consent of the Lender in writing (which the Lender shall in its discretion be entitled to refuse) give the Property on lease/leave or license or any occupancy basis to person or party. The Manager DBS Bank India Limited ………………. Branch Dear Sirs, On Demand I/We a company incorporated under the provisions of the Companies Act, 1956 / 2013 / Partnership Firm within the meaning of the Partnership Act, 1932 / Limited Liability Partnership within the meaning of the Limited Liability Partnership Act, 2008 / Sole Proprietorship Firm / Individual / HUF / an Individual having its registered office / place of business / residence at and (where applicable) acting through Mr. / Ms. who is duly authorized in that behalf vide Board Resolution / Resolution of members / Letter of Authority / Power of Attorney dated , unconditionally and irrevocably promise to pay to DBS Bank India Limited, or to its Order, at its office / branch at the sum of Rs.__________________ (Rupees_______________________________________________________________

Occupation of the Property. The following additional representations and warranties shall be applicable in case the Facility is a Loan Against Property: (a) That the Borrower has given the Property on lease / leave and license/ occupancy basis to the persons and for the term specified in Schedule I to the Loan Agreement and the Borrower will not renew the leave and license without the prior consent of the Lender in writing. The Borrower however confirms that apart from a mere ‘license’ as above, the Borrower has not created and shall not create any kind of right, title or interest in favour of any person whatsoever, over or in relation to the Property or any part thereof; OR V 15.010.0 (b) That the Property is in the sole occupation and possession of the Borrower/Owner. The Borrower agrees and undertakes that the Borrower shall not without the prior consent of the Lender in writing (which the Lender shall in its discretion be entitled to refuse) give the Property on lease/leave or license or any occupancy basis to person or party. The Manager DBS Bank India Limited ………………. Branch Dear Sirs, On Demand I/We a company incorporated under the provisions of the Companies Act, 1956 / 2013 / Partnership Firm within the meaning of the Partnership Act, 1932 / Limited Liability Partnership within the meaning of the Limited Liability Partnership Act, 2008 / Sole Proprietorship Firm / Individual / HUF / an Individual having its registered office / place of business / residence at and (where applicable) acting through Mr. / Ms. who is duly authorized in that behalf vide Board Resolution / Resolution of members / Letter of Authority / Power of Attorney dated , unconditionally and irrevocably promise to pay to DBS Bank India Limited, or to its Order, at its office / branch at the sum of Rs.__________________ (Rupees_______________________________________________________________ I/ We hereby confirm, agree and acknowledge that where there is more than one signatory hereto, the liability of each signatory is joint and several with the others. Rs. (Rupees Place Date V 10.0 Name

Occupation of the Property. The following additional representations and warranties shall be applicable in case the Facility is a Loan Against Property: (a) That the Borrower has given the Property on lease / leave and license/ occupancy basis to the persons and for the term specified in Schedule I to the Loan Agreement and the Borrower will not renew the leave and license without the prior consent of the Lender in writing. The Borrower however confirms that apart from a mere ‘license’ as above, the Borrower has not created and shall not create any kind of right, title or interest in favour of any person whatsoever, over or in relation to the Property or any part thereof; OR V 15.08.0 (b) That the Property is in the sole occupation and possession of the Borrower/Owner. The Borrower agrees and undertakes that the Borrower shall not without the prior consent of the Lender in writing (which the Lender shall in its discretion be entitled to refuse) give the Property on lease/leave or license or any occupancy basis to person or party. The Manager DBS Bank India Limited ………………. Branch Dear Sirs, On Demand I/We a company incorporated under the provisions of the Companies Act, 1956 / 2013 / Partnership Firm within the meaning of the Partnership Act, 1932 / Limited Liability Partnership within the meaning of the Limited Liability Partnership Act, 2008 / Sole Proprietorship Firm / Individual / HUF / an Individual having its registered office / place of business / residence at and (where applicable) acting through Mr. / Ms. who is duly authorized in that behalf vide Board Resolution / Resolution of members / Letter of Authority / Power of Attorney dated , unconditionally and irrevocably promise to pay to DBS Bank India Limited, or to its Order, at its office / branch at the sum of Rs.__________________ (Rupees_______________________________________________________________ I/ We hereby confirm, agree and acknowledge that where there is more than one signatory hereto, the liability of each signatory is joint and several with the others. Rs. (Rupees Place Date V 8.0 Name

Occupation of the Property. The following additional representations and warranties shall be applicable in case the Facility is a Loan Against Property: (a) That the Borrower has given the Property on lease / leave and license/ occupancy basis to the persons and for the term specified in Schedule I to the Loan Agreement and the Borrower will not renew the leave and license without the prior consent of the Lender in writing. The Borrower however confirms that apart from a mere ‘license’ as above, the Borrower has not created and shall not create any kind of right, title or interest in favour of any person whatsoever, over or in relation to the Property or any part thereof; OR V 15.016.0 (b) That the Property is in the sole occupation and possession of the Borrower/Owner. The Borrower agrees and undertakes that the Borrower shall not without the prior consent of the Lender in writing (which the Lender shall in its discretion be entitled to refuse) give the Property on lease/leave or license or any occupancy basis to person or party. The Manager DBS Bank India Limited ………………. Branch Dear Sirs, On Demand I/We a company incorporated under the provisions of the Companies Act, 1956 / 2013 / Partnership Firm within the meaning of the Partnership Act, 1932 / Limited Liability Partnership within the meaning of the Limited Liability Partnership Act, 2008 / Sole Proprietorship Firm / Individual / HUF / an Individual having its registered office / place of business / residence at and (where applicable) acting through Mr. / Ms. who is duly authorized in that behalf vide Board Resolution / Resolution of members / Letter of Authority / Power of Attorney dated , unconditionally and irrevocably promise to pay to DBS Bank India Limited, or to its Order, at its office / branch at the sum of Rs.__________________ (Rupees_______________________________________________________________

Occupation of the Property. The following additional representations and warranties shall be applicable in case the Facility is a Loan Against Property: (a) That the Borrower has given the Property on lease / leave and license/ occupancy basis to the persons and for the term specified in Schedule I to the Loan Agreement and the Borrower will not renew the leave and license without the prior consent of the Lender in writing. The Borrower however confirms that apart from a mere ‘license’ as above, the Borrower has not created and shall not create any kind of right, title or interest in favour of any person whatsoever, over or in relation to the Property or any part thereof; OR V 15.014.0 (b) That the Property is in the sole occupation and possession of the Borrower/Owner. The Borrower agrees and undertakes that the Borrower shall not without the prior consent of the Lender in writing (which the Lender shall in its discretion be entitled to refuse) give the Property on lease/leave or license or any occupancy basis to person or party. The Manager DBS Bank India Limited ………………. Branch Dear Sirs, On Demand I/We a company incorporated under the provisions of the Companies Act, 1956 / 2013 / Partnership Firm within the meaning of the Partnership Act, 1932 / Limited Liability Partnership within the meaning of the Limited Liability Partnership Act, 2008 / Sole Proprietorship Firm / Individual / HUF / an Individual having its registered office / place of business / residence at and (where applicable) acting through Mr. / Ms. who is duly authorized in that behalf vide Board Resolution / Resolution of members / Letter of Authority / Power of Attorney dated , unconditionally and irrevocably promise to pay to DBS Bank India Limited, or to its Order, at its office / branch at the sum of Rs.__________________ (Rupees_______________________________________________________________ I/ We hereby confirm, agree and acknowledge that where there is more than one signatory hereto, the liability of each signatory is joint and several with the others. Rs. (Rupees Place Date V 14.0 Name