CIN: U85300KA2020NPL142295
Loan no：[loan_id]
STANDARD TERMS (Revolving Credit Facility) The Borrower may apply for one or more loans
by submitting the Application Form(s) and Lender as specified in the Application Form
("Lender") may agree to grant such loan(s) (each a "Loan") that are
or will be governed by these terms and conditions ("Standard Terms") read
together with the Application Form(s), Drawdown Request(s) and MITC as exchanged between
the parties (together referred to as "Transaction Document"). 1.Applicability:
The Standard Terms set out hereunder, shall if the Application Form so provides, be
applicable to the Facility provided by the Lender. 2.Definitions: 2.1. In these Standard
Terms unless there is anything repugnant to the subject or context thereof, the
expressions listed below, if applicable, shall have the following meanings: i.
“Access Code(s)” means any authentication mode as approved, specified by the
Lender including without limitation combination of user name and password. ii.
"Account" means the bank account where the Loan disbursement is requested and
more specifically provided under the Application Form or Drawdown Request; iii.
"Application Form" means the loan application form submitted by the Borrower
to the Lender for applying and availing of the Facility, together with all other
information, particulars, clarifications and declarations, if any, furnished by the
Borrower or any other persons from time to time in connection with the Facility; iv.
"Availability Period" means the period of 11 (eleven) months and 15 (fifteen)
days from the date of sanction of the Facility (or such extended date as may be approved
by the Lender, in its sole discretion); v. "Borrower" means jointly and
severally each applicant and co-applicants (if any) and the term shall include their
successors and permitted assigns; vi. “Business Day” means a day (other than
a Saturday or a Sunday) on which banks are open for general business in Mumbai; vii.
"Default Rate" means the rate provided as such under the Application Form;
viii. "Drawdown Request" means a request from the Borrower in a form and
manner acceptable to the Lender for seeking disbursement of Loan; ix. "Drawing
Power" means the threshold limit(s) assessed by the Lender, in its sole discretion
from time to time which shall be within the overall sanctioned limit and shall determine
the amount of drawdown that can be requested by the Borrower at any given time under the
Facility; x. "Due Date" means such date(s) on which any payment becomes due
and payable under the terms of the Transaction Documents (or otherwise); xi.
“Facility" means a revolving credit facility; xii. "Increased
Costs" means a) a reduction in the rate of return from the Loan(s) or on the
Lender's overall capital (including as a result of any reduction in the rate of
return on capital brought about by more capital being required to be allocated by the
Lender) b) any additional or increased cost including provisioning as may be required
under or as may be set out in RBI regulations or any other such regulations from time to
time; or c) a reduction of any amount due and payable under the Transaction Documents;
xiii. “Lender" means Lender as specified in Application Form and shall
include its successors and assigns; xiv. “Loan" means each disbursement made
under the Facility; xv. “MITC" means the most important terms and conditions
reiterated by the Borrower at the time of availing the Facility; xvi.
“Portal” shall mean such platform or portal as described in the Application
Form, if any xvii. “Purpose” shall have the same meaning as is provided in
the Application Form; xviii. “Sanctioning Authority” includes the Reserve
Bank of India, Office of Foreign Assets Control of the Department of Treasury of the
United States of America, the United Nations Security Council, the European Union, Her
Majesty’s Treasury of the United Kingdom or any combination of the foregoing; xix.
“Tenure" means the period provided as such under the Application Form. 2.2.
Capitalized terms used in these Standard Terms but not defined herein, shall have the
meaning ascribed to such terms under the Application Form or Drawdown Request.
3.Sanction and Disbursement 3.1. The Lender may agree to grant the Facility to the
Borrower on the basis of the information and representations provided in the Application
Form and other Transaction Documents. The Lender shall not be obliged to provide any
written acceptance to the request of the Borrower as contained in the Application Form
or any other Transaction Documents, and may do so orally or by disbursement of a Loan
(or a part thereof) requested thereunder by the Borrower. Grant of the Facility and
acceptance of the Borrower's request shall be at the absolute discretion of the
Lender and the Lender shall not be required to notify any rejection of the Application
Form to the Borrower 3.2. The Borrower may request for disbursement only if (a) no Event
of Default or potential event of default has occurred or is continuing, (b) Drawdown
Request during the Availability Period for an amount not exceeding the Drawing Power has
been submitted by the Borrower and (c) no material adverse event in the opinion of the
Lender has occurred. 3.3. The Borrower's request for the Facility under the
Application Form and each Drawdown Request shall be irrevocable unless rejected by the
Lender. 3.4. In the event that the Lender accepts the Borrower's request for the
Facility and sanctions the Facility, the Lender may, subject to satisfaction of all the
conditions precedents, disburse Loans into the Account and the Borrower confirms that
the Loan shall be utilized only for the Purpose and subject to the terms under the
Transaction Documents. 3.5 Any such disbursement made by the Lender into the Account
(whether in the name of the Borrower or any third party) shall be a Loan under this
Facility. Lender shall not be responsible for any dispute between Borrower and any such
third party. 4. Interest and other charges 4.1. The Loan(s) under the Facility shall
carry interest at the rate specified in the Transaction Documents. 4.2. In case of an
Event of Default, Borrower will, to the extent permitted by law, be required to pay
interest (before as well as after judgment / award) on the overdue amount to the other
party on demand, for the period from (and including) the original Due Date for payment
to (but excluding) the date of actual payment, at the Default Rate. 4.3. The Borrower
acknowledge and agree that (i) the rates of interest specified in the Transaction
Documents are reasonable and that they represent genuine pre-estimates of the loss
expected to be incurred by the Lender in the event of non-payment of any monies by the
Borrower; and (ii) the rate of interest payable by the Borrower shall be subject to
change prospectively based on the monetary policies as may be changed by the Reserve
Bank of India and other factors impacting the interest rates. 4.4. The Borrower shall
bear all Tax including GST , other imposts, costs, charges, fees and duties including
stamp duty and relevant registration and filing charges in connection with the Finance
Documents(including any differential or additional duties and taxes which may be
required pursuant to the provisions of the applicable laws from time to time), as may be
levied from time to time by the Government or other authority including those incurred
by the Lender in connection with the Facilities. 4.5 In case a credit note is issued,
the borrower should adjust its GST Input Tax Credit, within the month in which the
discrepancy is communicated. If the same is not rectified by the borrower which results
in additional liability for LENDER, the same (tax and interest) will be recoverable by
LENDER. Providing correct registration number is the responsibility of the customer and
LENDER will not be responsible for verification of GSTIN. In cases where customer fails
to furnish GST registration number, the customer will be treated as unregistered. 5.
Payments: 5.1. The Borrower shall make each payment under the Transaction Documents on
or before the respective Due Date. No Due Date shall exceed the Tenure of the Facility.
5.2. If the respective Due Date is not a Business Day, then the Borrower agrees that the
payment shall be made on the preceding Business Day. 5.3. All payments shall be made in
freely transferable funds without any set off, counter claim or any deduction (except to
the extent that the Borrower is required by law to make payment subject to any tax
deduction at source under the applicable law). In case any such deductions are made the
Borrower agrees to deliver to the Lender, within the statutory time frame prescribed
under the law or 20 (twenty) days of the payment being made, whichever is earlier,
satisfactory evidence that the tax has been deducted at source and duly remitted to the
appropriate authority. 5.4. Notwithstanding anything to the contrary, the Lender may, at
any time, without assigning any reason, cancel the undisbursed portion of the Facility
and can also recall any or all portion of the disbursed Loan on demand. Upon such
recall, the Loan and other amounts stipulated by the Lender shall be payable forthwith.
5.5. The Borrower shall make repayment of the principal amount under the Loan(s) in such
proportion and periodicity as may be provided in the Transaction Documents or as
communicated by the Lender from time to time. 5.6 The Borrower shall not (without the
prior approval of the Lender and subject to (i) payment of prepayment premium and (ii)
giving a prior written notice, each as may be prescribed by the Lender), prepay the
outstanding principal amounts of any of the Loan(s) in full or in part, before the Due
Dates. 5.7 User responsibility Vizzve Microseva hereby advises you that while accessing
the Website/Application, You must follow/abide all applicable laws. Vizzve Microseva is
not responsible for the consequences of your behaviour or negligence, misfeasance or
malfeasance during use of the Website / Application / Services. Vizzve Microseva at all
times reserves the right to deny Services to you without any obligation to state the
reasons for such withholding or withdrawal of Services. Furthermore Vizzve Microseva
clarifies that the user is responsible for any misconduct. 5.8 Loan repayment delay You
understand and agree that any delay or failure in payment in relation to a Transaction
as described shall result in a loss of business and damage to Vizzve Microseva
reputation; furthermore, you understand and agree that any such delay or failure in
payment on Your part shall result in damages to Vizzve Microseva , and Vizzve Microseva
may take any legal actions as appropriate, to make good such damage, including, without
limitation, recourse to courts of law under the appropriate laws, communicating directly
with persons whose contact details Vizzve Microseva may have obtained from your phone
address book as indicated in order to intimate them of your failure to make payment, or
delay in payment, as well as any other action that Vizzve Microseva may, in its sole
discretion, deem appropriate. 6. Representations and Warranties: 6.1. The Borrower makes
the representations and warranties set out in this Section 6.1 to the Lender, in
reliance of which the Lender may grant the Facility: i. The Borrower has the competence
and has obtained all authorizations (which is in full force and effect) to enter into
and perform under the Transaction Documents and to carry on its business and operations
as it is being or is proposed to be conducted; ii. The Facility once granted by the
Lender under Transaction Documents constitutes legal, valid and binding obligations of
the Borrower enforceable in accordance with their respective terms; iii. The Borrower is
in compliance with all laws (including laws relating to environment, social and labour,
anti-corruption and anti-money laundering) applicable to the Parties; iv. The entry
into, delivery and performance by the Borrower of, and the transactions contemplated by
the Transaction Documents, do not and will not conflict: (a) with any law; (b) with the
constitutional documents, if any, of the Borrower; or (c) with any document which is
binding upon the Borrower or on any of its assets; v. The Borrower has a valid
agreement, engagement or arrangement with the Portal which is currently subsisting and
the Portal has not blacklisted, delisted, suspend or otherwise terminate the
arrangement; vi. Where the accounts are required to be audited under applicable law, the
most recent audited accounts of the Borrower: (a) have been prepared in accordance with
applicable accounting principles and practices generally accepted and consistently
applied;(b) have been duly audited by the auditors in accordance with applicable laws
(c) represent a true and fair view of its financial condition as at the date to which
they were drawn up, and there has been no material adverse effect since the date on
which those accounts were drawn up; vii. Except to the extent disclosed to the Lender,
no litigation, arbitration, administrative or other proceedings are pending or
threatened against the Borrower or its assets, which, if adversely determined, might
have a material adverse effect; viii. (a) All information communicated to or supplied by
or on behalf of the Borrower to the Lender from time to time, are true and fair/ true,
correct and complete in all respects as on the date on which it was communicated or
supplied; and (b) Nothing has occurred since the date of communication or supply of any
information to the Lender which renders such information untrue or misleading in any
respect; ix. Except to the extent disclosed to the Lender: (a) all the Borrower's
contracts or agreements with, or any commitments to, any affiliates or group companies
(if applicable) are on arms' length basis; and (b) No director/
partner/member/trustee, as the case may be, of the Borrower has been declared to be a
willful defaulter or a non-cooperative borrower; x. The Borrower is not a specially
designated national or otherwise sanctioned, under sanctions (and related laws)
promulgated by any Sanctioning Authority; and xi. The Borrower has not taken any action
and no other steps have been taken or legal proceedings started by or against it in any
court of law/ other authorities for its insolvency, bankruptcy, winding up, dissolution,
administration or re- organization or for the appointment of a receiver, administrator,
administrative receiver, trustee or similar officer of the Borrower or of any or all if
its assets. 6.2. Each of the representations set out in Section 6.1 shall be deemed to
be repeated on each day during the Tenure of the Facility. 7.Covenants: 7.1 The Borrower
shall provide all payment mandates including but not limited to electronic clearing
service (ECS) or national automated clearing house (NACH) mandate, as and when demanded
by the Lender, to the Lender or to any person nominated by the Lender. 7.2. Borrower
shall ensure that all payment mandates including post-dated cheques, electronic clearing
service (ECS) or national automated clearing house (NACH) mandate, if any, provided to
the Lender or to any person nominated by the Lender, are honored at all times and such
mandates are not altered or amended without prior permission of the Lender. 7.3.
Borrower shall irrevocably instruct the Portal to deposit/ transfer all sale proceeds
pertaining to the Borrower in a designated account of the Lender. Borrower shall also
provide copy of such instruction to the Lender. Borrower also undertakes and agrees that
such instruction/ authorization shall not be amended/ withdrawn or varied without prior
approval of the Lender. The Borrower acknowledges that the priority of utilization of
fund remitted in the designated account of the Lender shall be as referred in Clause
7.20. 7.4. Borrower shall permit and facilitate inspection and audit of Borrower's
premises, books and statements of accounts and other documents as may be required, for
the purposes of the Facility. 7.5. The Borrower shall maintain its existence and shall
carry on its business and operations in compliance with all applicable laws (including
laws relating to environment, social and labour, anti corruption and anti money
laundering) applicable to the Parties and with due diligence and efficiency and in
accordance with sound technical, financial and managerial standards and business
practices. 7.6. The Borrower shall ensure that the obligations under the Transaction
Documents shall at least rank paripassu with all its unsecured and unsubordinated
obligations. 7.7. The Borrower shall, within 3 (three) Business Days of demand by the
Lender, pay the amount of any Increased Costs incurred by the Lender as a result of (i)
the introduction of or any change in (or in the interpretation, administration or
application of ) any law or regulation; (ii) compliance with any law or regulation made
before or after the date of relevant Loan (including any law or regulation concerning
capital adequacy, prudential norms, liquidity, reserve assets or tax) or (iii) in the
event of the Lender being called upon to pay any additional amount by its lending agency
in terms of their respective financing agreements or (iv) on account of factors beyond
the control of the Lender. 7.8. The Borrower agrees that it shall indemnify and hold
harmless the Lender, to the fullest extent permitted by applicable law, for all losses
and liabilities (including due to claims by a third party), incurred by the Lender as a
result of any breach by it of any Transaction Documents. 7.9. Borrower shall submit the
details of financials, sales details, stock and book debts statement on such periodicity
as required by the Lender. 7.10. Borrower shall promptly provide upon request of the
Lender any further document/information as may be required by the Lender. 7.11. Borrower
undertakes to ensure that all information provided in the Application Form(s) shall
remain true at all times during the Tenure of the Facility. 7.12. The Borrower shall
utilize the Facility for the Purpose only. 7.13. The Borrower shall not: i. use the fund
for purchase of gold in any form, (including primary gold, gold bullion, gold jewellery,
gold coins, units of gold exchange traded funds (ETF) and units of gold mutual funds).
ii. directly or indirectly: (a) use the Facility in any transaction with or for the
purpose of financing the activities of, any person/country currently subject to any
sanctions by Sanctioning Authority; and (b) take part in or financing any activity,
production, use of, trade in, distribution of, or otherwise involved in any
exclusion-list; and iii. directly or indirectly, make or offer any payment, gift or
other advantage which is intended to, or does, influence or reward any person (whether
or not they are in the public sector) for acting in breach of an expectation of good
faith, impartiality or trust or otherwise performing their function improperly. 7.14.
The Borrower shall provide end use certificate in a form and manner satisfactory to the
Lender. 7.15. The Borrower shall put in place appropriate procedures and policies to
restrict its employees, consultants or other agents from causing breach of any
conditions, covenants or undertakings under these Standard Terms including laws relating
to environment, social and labour, anti corruption and anti money laundering. 7.16. The
Borrower shall promptly notify the Lender in writing upon occurrence of any breach of
Covenant or representation or occurrence of Event of Default and the steps, if any,
being taken to remedy it. 7.17. The Borrower shall from time to time, if required by the
Lender, provide additional security, in a form and manner satisfactory to the Lender.
7.18. The Borrower shall promptly notify the Lender of any breach of any
representations, warranties, covenants, undertakings or any other terms of these
Standard Terms together with the steps taken to remedy it. Upon the breach being
reported, the Lender may, without prejudice to any of its rights under law or contract,
in its sole discretion recommend implementation of corrective measures to remedy such
breach in a form, manner and time as may be necessary or desirable to the Lender. 7.19.
The Borrower shall ensure that throughout the Tenure of the Facility a valid agreement,
engagement or arrangement with the Portal shall subsist and the Portal has not
blacklisted/delisted/suspended or otherwise terminated such arrangement. 7.20.
Notwithstanding any of the provisions of the Indian Contract Act, 1872 or any other
applicable law or anything contained in the Transaction Documents, the amounts repaid by
the Borrower shall be appropriated first towards cost, charges and expenses and other
monies; secondly towards interest on cost charges and expenses and other monies; thirdly
towards interest on the delayed payments; fourthly towards interest payable under the
Transaction Documents and lastly towards repayment of any principal amounts. 8.Negative
Covenants: 8.1. The Borrower hereby covenants and agrees that without the prior written
approval of the Lender, the Borrower shall not: i. Undertake or permit any merger,
de-merger, or consolidation or rearrangement arrangement or compromise with its
creditors or shareholders or effect any scheme of amalgamation or reconstruction
including creation of any subsidiary or permit any company to become its subsidiary; ii.
declare or pay any dividend or authorize or make any distribution to its shareholders /
members / partners or permit withdrawal of amounts brought in:(a) unless it has paid all
the dues in respect of the Facility up to the date on which the dividend is proposed to
be declared or paid/ such distribution is to be made, or has made provisions therefore
satisfactory to the Lender, or (b) if an Event of Default has occurred and is subsisting
or would occur as a result of such declaration or payment of dividend or authorization
or making of distribution; iii. pay any commission to its promoters, directors, managers
or other persons for furnishing guarantees, counter guarantees or indemnities or for
undertaking any other liability in connection with the Facility; and iv. undertake or
permit to sell any undertaking or any substantial assets of the Borrower to any person.
9.Cancellation: 9.1. The Lender reserves the unconditional right to cancel the limits
sanctioned without giving any prior notice to the Borrower, on the occurrence of any one
or more of the following: i. in case the Facility (in full or in part) is not disbursed;
or ii. in case of deterioration in the creditworthiness of the Borrower (as determined
by the Lender) in any manner whatsoever; or iii. in case of non-compliance of the
Transaction Documents. 10.Event of Default: The Borrower shall be deemed to have
committed default on the occurrence of, inter-alia but not limited to, any one or more
of the following events (hereinafter referred to as "Event of Default"): 10.1
Default has occurred in the payment of any monies in respect of the Facility (whether at
stated Due Date, by acceleration or otherwise) under the terms of the Transaction
Documents. 10.2 Default (other than a payment default) has occurred in the performance
of any covenant, condition, agreement or obligation on the part of the Borrower under
the Transaction Documents and such default has continued for a period of 10 (ten) days
after notice in writing thereof has been given to the Borrower or as the case may be, to
such other person, by the Lender (except where the Lender is of the opinion that such
default is incapable of remedy, in which event, no notice shall be required). 10.3. The
Borrower has, or there is a reasonable apprehension that the Borrower would, voluntarily
or involuntarily become the subject of proceedings under any bankruptcy or insolvency
law, or is voluntarily or involuntarily dissolved, or declared insolvent, or if the
Borrower has taken or suffered to be taken any action for its re- organization,
liquidation or dissolution or if a receiver or liquidator or a similar official has been
appointed or allowed to be appointed in respect of all or any part of the assets of the
Borrower or if an attachment or distrait has been levied on the Borrower's assets or
any part thereof or certificate proceedings have been taken or commenced for recovery of
any dues from the Borrower or if one or more judgments or decrees have been rendered or
entered against the Borrower and such judgments or decrees are not vacated, discharged
or stayed for a period of 30(thirty) days, and such judgments or decrees involve in the
aggregate, a liability which could have a material adverse effect. 10.4 Death of any
Borrower, or the change of constitution of the Borrower without the consent of the
Lender 10.5 Breach of any representation, warranty, declaration or confirmation made or
deemed to be made under the Transaction Documents. 10.6 The Borrower is unable or has
admitted in writing its inability to pay any of its indebtedness as and when they mature
or become due. 10.7 If the Borrower ceases or threatens to cease to carry on any of its
businesses in its current form which could have a material adverse effect. 10.8 The
security, if any, for the Facility is in jeopardy or ceases to have effect. 10.9 Any
person acting singularly or with any other person (either directly or indirectly)
acquires control of the Borrower, without the approval of the Lender. Any notice or
request to be given or made by a p arty to the other shall be in writing. Such notice or
request shall be deemed to have been duly received by the party to whom it is addressed
if it i s given or made at the address specified below o r at such other address as may
be agreed from ti me to time: 10.10 It is or becomes unlawful for any Borrower to
perform any of its obligations under the Transaction Documents. Registered office at
Registered Address specified in the Application Form. 10.11 An event of default
howsoever described (or any event which with the giving of notice, lapse of time,
determination of materiality or fulfillment of any other applicable condition or any
combination of the foregoing would constitute an event of default) occurs under any
agreement or any indebtedness of the Borrower or becomes capable at such time of being
declared, due and payable under such agreements before it would otherwise have been due
and payable. 10.12 One or more events, conditions or circumstances (including any change
in law) shall occur or exist which could have a material adverse effect. Provided
however that a notice or communication to any Borrower shall be deemed to be a notice or
communication to other Borrower(s). 10.13 The Borrower shall promptly notify the Lender
in writing upon becoming aware of any default and the steps, if any, being taken to
remedy it. 11. Consequences of Event of Default: 11.1. Upon occurrence of any Event of
Default, the Lender shall be entitled at its absolute discretion to inter alia: i. Call
upon the Borrower to pay forthwith the outstanding balance of the Facility together with
interest and all sums payable by the Borrower to the Lender; ii. Call upon the Borrower
to pay all claims, costs, losses and expenses that may be incurred by the Lender because
of any act or default on the part of the Borrower with respect to the Facility and/or
for the recovery of the outstanding dues (including legal/attorney fee) and/or on
account of failure of the Borrower of any of the terms and conditions under the
Transaction Documents; iii. Enforce any rights available to it under any law or
contract. 12. Miscellaneous: 12.1. Online Transactions: i. For ease of operation of the
Borrower, Borrower shall have the option of applying for further facilities provided by
the Lender using online secure platforms as may be specified by the Lender (hereinafter
referred to as "Online Facility").The Facility shall be extended to the
Borrower subject to the Borrower complying with the Lender's credit parameters and
submitting all documents/information as may be required by Lender in such form as may be
specified by the Lender from time to time. Lender may in its sole discretion reject the
application for the facility/loan by the Borrower. ii. It shall be the sole
responsibility of the Borrower to ensure that the Access Codes are not compromised or
shared with any unauthorized users. iii. The Borrower expressly agrees and acknowledges
to have read and understood the terms applicable for usage of the Online Facility and be
bound by such terms and conditions (as amended by the Lender from time to time)at all
times during the tenure of such Facility. iv. The Lender shall have no obligation to
verify the authenticity of any transaction/instruction received or purported to have
been received from the Borrower through the Online Facility or purporting to have been
sent by the Borrower other than by means of verification of the Access Codes. v. All the
records of the Lender with respect to the online request for facility arising out of the
use of the Online Facility shall be conclusive proof of the genuineness and accuracy of
the transaction. While the Lender and its affiliates shall endeavor to carry out the
instructions promptly, they shall not be responsible for any delay in carrying on the
instructions due to any reason whatsoever, including due to failure of operational
systems or any requirement of law. vi. Borrower can check the availability of a
pre-approved offer that may be made by the Lender through Online Facility. Any
pre-approved offer by the Lender does not constitute grant of facility to the Borrower
and shall be subject to the terms as may be specified by Lender from time to time. vii.
Borrower acknowledges and accepts that the Lender may permit/allow anybody quoting the
correct Access Codes and other details to conduct the type of operations which are
permitted under the Online Facility. 12.2. Notices Any notice or request to be given or
made by a party to the other shall be in writing. Such notice or request shall be deemed
to have been duly received by the party to whom it is addressed if it is given or made
at the address specified below or at such other address as may be agreed from time to
time: For the Lender: Registered office at Registered Address specified in the
Application Form. For the Borrower: The address as stated in the Application Form. The
Lender may also agree to act on the basis of request made via registered email address
of the Borrower. Provided however that a notice or communication to any Borrower shall
be deemed to be a notice or communication to other Borrower(s). 12.3. Any and all claims
and disputes arising out of or in connection with the Transaction Documents or its
performance shall be settled by arbitration by a single arbitrator to be appointed by
the Lender. The venue of arbitration shall be in Mumbai. The arbitration shall be
conducted under the provisions of the Arbitration and Conciliation Act, 1996 or any
statutory modification or re enactment thereof for the time being in force and the award
of such arbitrator shall be final and binding upon the Borrower and the Lender. 12.4.
The Lender shall, without prejudice to any of its specific rights under any other
agreements with the Borrower, at its sole discretion, be at liberty to apply any other
money, amounts, securities and other property of the Borrower (whether singly or jointly
with another or others) in possession of the Lender or any of its subsidiary/ affiliate/
associate company in or towards payment of the dues under Facility granted under the
Transaction Documents. The borrower can avail Online Facility on the Portal. 12.5. The
Lender shall be entitled at the sole risk and cost of the Borrower to engage one or more
person(s) to collect the Borrower's dues and shall further be entitled to share such
information, facts and figures pertaining to the Borrower as the Lender deems fit. The
Lender may also delegate to such person(s) the right and authority to perform and
execute all such acts, deeds, matters and things connected herewith, or incidental
thereto, as the Lender may deems fit. The Borrower recognizes, accepts and consents to
such delegation. 12.6. The Lender shall have the right to disclose or publish any
information regarding the Borrower or guarantor(s) (if any) and any information and
documents that they might possess from time to time to: i. any of its branches or with
other banks, financial institutions, Credit Information Bureau of India Limited, credit
reference or rating agencies/bureaus or other individuals/entities either in response to
their credit inquiries directed to the Lender or in the event of the Borrower not
complying with any terms and conditions herein or otherwise; ii. the Reserve Bank of
India and/or any other statutory authority or official of the Government of India or
that of any other state. 12.7. The Borrower shall not assign or transfer all or any of
its rights, benefits or obligations under the Transaction Documents. The Lender may, at
any time, assign or transfer all or any of its rights, benefits and obligations under
the Transaction Documents. 12.8. In case of default committed by the Borrower, the
Lender may also disclose and publish the information about the Borrower and its default
with the Lender in the public domain including through social media. 12.9. The Borrower
acknowledges that the Lender has or may have business and other transactions with third
parties (including those who are in the business of manufacturing, supplying or
otherwise dealing with any asset being financed by the proceeds of this Facility) and
hereby waives any conflict of interest that it may have on such arrangement. Further,
the Borrower acknowledges that any contract or arrangement between the Lender and such
third parties are independent of these Standard Terms. 12.10. The Lender reserves the
right to amend the terms of these Standard Terms (except amendment to Rate of Interest)
by intimating the same to the Borrower. Rate of Interest shall not be changed without
prior consent of the Borrower. LOAN APPLICATION FORM NAME: [username] DATE OF BIRTH:
[date_of_birth] GENDER: [gender] MARITAL STATUS: [marital_status] OCCUPATION: Other
AADHAR: [adhaar_no] PAN: [pan_no] CURRENT ADDRESS: [current_address] PHONE NUMBER:
[mobile_no] EMAIL: [email] TRANSFER METHOD: Bank Transfer BANK A/C NO: [account_no]
IFSC: [ifsc_code] PHONE NUMBER OF RELATED PERSON: 1. [number_first] 2. [number_second]
3. [number_third] 4. [number_fourth] SUMMARY OF THE LOAN TERMS S. No. Particulars
Details 1. LOAN ID / SERIAL NO. [loan_id] 2. CITY [branch] 3. Loan Type [user_type] I
understand the terms of the loan to be provide to me Lender if approved as per the
internal policies and law shall be as specified below (“Loan”): PARTICULARS
DETAILS Lender: VIZZVE MICROSEVA FOUNDATION Platform: VIZZVE MICROSEVA Loan Amount: INR
[required_amount] Tenure: [days] days Rate of Interest: 22 % (P.A) Service Charges: GST:
Overdue Fine: Penalty fee： [service_charge] [gst] [overdue_fine] [penality] Banking
Details for disbursal of Loan: As specified in the form above. I agree to submit the
following documents for availing of Loan: S. No. Documents from the Applicant and the
Co-Applicant (if any) Status (Tick the box) 1. PAN Card or Form 60* √ 2. Aadhar
Card* √ I / We further acknowledge, understands and agrees that Lender has adopted
risk-based pricing, which is arrived by taking into account, broad parameters like the
customers financial and credit profile. I understand all the terms listed above and
hereby apply for the said Loan to Lender. SELF-DECLERATION AND UNDERTAKING: 1.I hereby
apply for the Loan facility from the Lender as specified above. 2.I represent that the
information and details provided in this Application Form and the documents submitted by
me are true, correct and that I have not withheld any information. 3.I have read and
understood the fees and charges applicable to the Loan that I may avail from time to
time. 4.I confirm that no insolvency proceedings or suits for recovery of outstanding
dues have been initiated and / or are pending against me. 5.I hereby authorize Lender to
exchange or share information and details relating to this Application Form its group
companies or any third party, as may be required or deemed fit, for the purpose of
processing this loan application and/or related offerings or other products / services
that I may apply for from time to time. 6.I hereby consent to and authorize Lender to
increase or decrease the credit limit assigned to me basis Lender’s internal
credit policy. 7.By submitting this Application Form, I hereby expressly authorize
Lender to send me communications regarding various financial products offered by or from
Lender, its group companies and / or third parties through telephone calls / SMSs /
emails / post etc. including but not limited to promotional communications. And confirm
that I shall not challenge receipt of such communications as unsolicited communication,
defined under TRAI Regulations on Unsolicited Commercial Communications under the Do Not
Call Registry. 8.I hereby accept and authorize VIZZVE MICROSEVA FOUNDATION its
representatives/agents/ its business partners/its group companies/affiliates to
communicate with my contact list. If I don’t respond the calls or pay my loan dues
on mentioned time. 9.I understand and acknowledge that Lender has the absolute
discretion, without assigning any reasons to reject my application and that Lender is
not liable to provide me a reason for the same. 10.That Lender shall have the right to
make disclosure of any information relating to me including personal information,
details in relation to Loan, defaults, security, etc. to the Credit Information Bureau
of India (CIBIL) and/or any other governmental/regulatory/statutory or private agency /
entity, credit bureau, RBI, CKYCR, including publishing the name as part of willful
defaulter's list from time to time, as also use for KYC information verification,
credit risk analysis, or for other related purposes. 11.I agree and accept that Lender
may in its sole discretion, by its self or through authorised persons, advocate,
agencies, bureau, etc. verify any information given, check credit references, employment
details and obtain credit reports to determine creditworthiness from time to time.
12.That I have not taken any loan from any other bank/ finance company unless
specifically declared by me. 13.That the funds shall be used for the Purpose specified
in above and will not be used for speculative or antisocial purpose. 14.I have
understood and accepted the late payment and other default charges listed above. 15.I
hereby confirm that I contacted Lender for my requirement of personal loan and no
representative of Lender has emphasized me directly / indirectly to make this
application for the Loan. 16.I hereby confirm having read and understood the Standard
Terms and Conditions applicable to this Loan and are signing this Application Form after
understanding of each term. Signed by：[username] Phone number：[mobile_no] Name of
user：[username] Date：[apply_date] To Lender VIZZVE MICROSEVA SUB: DRAW DOWN REQUEST
1.Capitalized terms used here under shall have