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Cheque Deposit Letter Pursuant to a Loan Agreement

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Select the nature of entity of the Borrower, i.e. is it a company, individual or other entity like a partnership, limited liability partnership or society.

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Date: ________



________
________



Re: Loan agreement dated ________ ("Agreement") executed by and between ________ ("Lender") and ________ ("Borrower")


1. In terms of the Agreement, the Borrower is required to repay the principal amount of the loan being an amount of: Rs. ________ (________) and interest payable thereon to Lender;

2. As security for repayment of the loan, the Borrower hereby hands over the Post Dated cheques to the Lender in the terms of the Agreement. Details of the said Post Dated cheques are as set out below:

Cheque number ________ for an amount of Rs. ________ (________) drawn on ________

3. The Borrower hereby states and declares that the Post Dated Cheques delivered hereunder to the Lender are valid under applicable laws including the provisions of the Negotiable Instruments Act, 1881 and the Borrower is authorised and permitted to honour the said cheques in terms of the Agreement;

4. The Borrower further acknowledges 525 82228528 2552 252 222525 58 252 528525 22 252 8585 8528528 85588 5582 252 552525822 22 2888 82 252 55228 82 252 8528528 525 2528222 252 8522 225 2285852222 82 22528 22 252 825222222 525 8585 252822252822 22 252 8528528 5228 not violate any applicable laws.

5. The Borrower undertakes to ensure that the above cheques are honoured on presentation of the same for payment and the Borrower further acknowledges that the Borrower alone shall be liable in the event of any dishonouring of any of the cheques.



Sincerely,



(For and on behalf of ________)



____________________

Name: ________
Designation: ________

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Date: ________



________
________



Re: Loan agreement dated ________ ("Agreement") executed by and between ________ ("Lender") and ________ ("Borrower")


1. In terms of the Agreement, the Borrower is required to repay the principal amount of the loan being an amount of: Rs. ________ (________) and interest payable thereon to Lender;

2. As security for repayment of the loan, the Borrower hereby hands over the Post Dated cheques to the Lender in the terms of the Agreement. Details of the said Post Dated cheques are as set out below:

Cheque number ________ for an amount of Rs. ________ (________) drawn on ________

3. The Borrower hereby states and declares that the Post Dated Cheques delivered hereunder to the Lender are valid under applicable laws including the provisions of the Negotiable Instruments Act, 1881 and the Borrower is authorised and permitted to honour the said cheques in terms of the Agreement;

4. The Borrower further acknowledges 525 82228528 2552 252 222525 58 252 528525 22 252 8585 8528528 85588 5582 252 552525822 22 2888 82 252 55228 82 252 8528528 525 2528222 252 8522 225 2285852222 82 22528 22 252 825222222 525 8585 252822252822 22 252 8528528 5228 not violate any applicable laws.

5. The Borrower undertakes to ensure that the above cheques are honoured on presentation of the same for payment and the Borrower further acknowledges that the Borrower alone shall be liable in the event of any dishonouring of any of the cheques.



Sincerely,



(For and on behalf of ________)



____________________

Name: ________
Designation: ________