Lease Rental Discounting - Axis Bank

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G) Lease/Tenancy/Leave and License Agreements and details of Tenants : Agreement Dated Tenant Property details (including address) 40 H)1) Tripartite Agreement(s) dated ___________ between Borrower as Landlord, tenants and Bank : ______________________ ////or//// H)2) Letter of Demand by Borrower as Landlord and acceptance by theTenant (* Tick the relevant Box : The Above clause H1) and H2) are in exclusion of each other) Tenant’s name Borrower Name Signature 2nd Borrower Signature 3rd Borrower Signature Annexure 1 (Attach details of rent receivables etc.) Tenure Property/Unit Description **Signed and delivered by the within named ____________ (Lessee) Amount of rentals ** (Signature to be as per the constitution of the Lessee) For AXIS Bank Limited Authorised Official Periodicity of payment of rentals Any other remark Draft letter of demand for payment of monthly receivables to be issued by Borrower/Landlord
----------------------------------------------------------------------------------------- Name and Address of Lessee(s): ------------------------------------- Dear Sir, 41 -----Date: SUB: Payment of Rents or Fees or Compensation or Receivables (by whatever name called) into the Designated Account of ______________ with AXIS Bank. With reference to the above subject, I/We has/have been granted certain credit facilities by AXIS Bank Limited against inter alia, the securitisation/security of lease rentals/Receivable/fees/compensation (hereinafter referred to as “Receivables”) due from you as the Lessee/Tenant/Licensee [“Lessee(s)”] of the said premises situated at _______. In pursuance thereof, I/We have executed a Deed of Hypothecation of Receivables thereby charging the said lease rentals due from you in favour of the Bank. In this regard, the I/We have also executed a Power of Attorney dated ________ and have unconditionally and irrevocably authorised AXIS Bank to demand, collect and issue receipts of discharge for the payment of monthly receivables (both present and future) by whatever name called, due from you. In view of the above, you as our Lessee(s) are hereby requested that on due dates, all the said receivables shall be payable directly into my/our Designated Account *No. _________ maintained with AXIS Bank (*Give the details of the said Account), ____________ (Branch) till such time a ‘No Objection’ is given in writing by the AXIS Bank forgoing their claim on such future receivables. In view of the above facts, we hereby request you to directly deposit all the present and future said Receivables (by whatever name called) payable on due dates in the said Designated Account No. _____________ by drawing cheques/Pay Orders/Demand Drafts in favour of _____________. Please note that by acceptance of this letter, you are bound not to take note of any other liability or interest on the said Receivables or any instruction from us or our agents till such time a copy of the Bank’s ‘No Objection’ in writing forgoing their claim on such future receivables is shown to you. Please take note of the fact that the premises in question have been mortgaged to AXIS Bank for the financial assistance availed by the me/us. Please keep the bank informed in case of premature termination.
Page 1 and 2: 1 LOAN AGREEMENT THIS AGREEMENT IS
Page 3 and 4: “Schedule” means the schedule o
Page 5 and 6: 5 Borrowers shall be deemed to have
Page 7 and 8: 7 execute any further mortgage of a
Page 9 and 10: terms of this Agreement shall be ap
Page 11 and 12: 11 the Bank, general assignment for
Page 13 and 14: 13 claimed to be due from the Borro
Page 15 and 16: 15 enforcement of this Agreement, t
Page 17 and 18: 17 SCHEDULE TO LOAN AGREEMENT Date
Page 19 and 20: Details of the Loan Specify: Purcha
Page 21 and 22: 21 In the presence of Witness : Mr.
Page 23 and 24: 23 5) The Borrower further states a
Page 25 and 26: 25 during the continuance of the se
Page 27 and 28: 27 18. The Borrower hereby agree as
Page 29 and 30: 2. _______________________ ________
Page 31 and 32: The Borrower does hereby solemnly d
Page 33 and 34: 33 IRREVOCABLE POWER OF ATTORNEY WH
Page 35 and 36: 35 15. To sign, affirm, declare and
Page 37 and 38: 37 in a Designated account opened b
Page 39: _________________ (Borrower) *Borro

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