In the event that Borrower does not make use of the facility with the objective for which it had been issued.

In the event that Borrower does not make use of the facility with the objective for which it had been issued.

COVENANTS: The Borrower hereby covenants utilizing the Lender that the Salary account will be adequately funded upfront to soak up interest, commission along with other costs. Where repayments should be made via deduction from income source, Borrower will stick to the agreed repayment schedule for the loan tenor. Continue reading “In the event that Borrower does not make use of the facility with the objective for which it had been issued.”