Common use of RIGHTS AND REMEDIES OF IHFL Clause in Contracts

RIGHTS AND REMEDIES OF IHFL. If one or more of the events specified in this article (hereinafter called “events of default”) shall have happened, then, IHFL by a written notice to the borrower, may declare the principle of and all accrued interest on the loan that may be payable by the borrower under or in terms of this agreement and/or any other agreements, documents, subsisting between the borrower and IHFL, as well as all other charges and dues, and upon such declaration, the same shall become due and payable forthwith and the security in relation to all loans shall become enforceable, notwithstanding anything to the contrary in this agreement or any other agreement/s or document/s.

RIGHTS AND REMEDIES OF IHFL. If one or more of the events specified in this article (hereinafter called “events of default”) shall have happened, then, IHFL by a written notice to the borrowerBorrower, may declare the principle of and all accrued interest on the loan that may be payable by the borrower Borrower under or in terms of this agreement Agreement and/or any other agreements, documents, subsisting between the borrower Borrower and IHFL, as well as all other charges and dues, and upon such declaration, the same shall become due and payable forthwith and the security in relation to all loans shall become enforceable, notwithstanding anything to the contrary in this agreement Agreement or any other agreement/s or document/s.