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In the event that Borrower does not utilize center with the objective which is why it absolutely was given.

COVENANTS: The Borrower hereby covenants because of the Lender that the Salary account could be adequately funded upfront to soak up interest, payment along with other costs. Where repayments should be made via deduction from wage supply, Borrower will follow the agreed repayment schedule through the entire loan tenor.

ACTIVITIES OF DEFAULT:

Notwithstanding any such thing herein before included, the facility or stability thereof along with other monies herein covenanted become paid whether by means of interest or elsewhere shall become straight away due and payable regarding the need being produced in respect of these in the event of every associated with after occasions:

  1. In the event that Borrower shall neglect to pay any amount outstanding as so when due.
  2. If the Borrower commits any breach or don’t observe or perform one other responsibilities. More…