‭ hich, may develop in the running of the article/s.

Any defect or disorder has to be settled with‬

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‭the suppliers separately & directly.‬

‭ he Guarantor in consideration of the Financiers agreeing to let the article to be Borrower at his‬
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‭request hereby guarantees the due performance and observance by the Borrower of all Terms‬
‭and Conditions of this agreement and agree to pay on demand any money due or which may‬
‭become payable to the financiers under this agreement (and not paid by borrower) either by‬
‭Loan/expansion/repair or replacement, debt cost, finance charge or other suppliers. He further‬
‭agrees that any time or indulgence granted to Borrower by the Financiers shall not prejudice the‬
‭Financiers right against him or relieve him from his guarantee which will be continuing‬
‭guarantee till such time that the financiers may have any claim against the borrower in respect‬
‭of this‬

‭ greement. The guarantor further agrees that if shall not be ADDITIONS, CORRECTIONS AND‬
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‭OVER WRITINGS ON THIS PAGE CONFIRMED‬

‭ ecessary for Financiers to give any notice to him regarding default of the Borrower, any‬
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‭indulgence or concession that financiers may choose to grant to the borrowers. The guarantor‬
‭hereby further agree and declare that his liability under this guarantee shall be coextentive with‬
‭the Borrower & not be postponed for any reason what so ever. He further agrees that the‬
‭financiers proprietary right of the article/s or the right of repossession of the same shall not be‬
‭destroyed by the reasons of any decree that may be obtained against the borrower of himself‬
‭both. The guarantor hereby declates that he has thoroughly understood his responsibility as a‬
‭Guarantor. The Borrower shall pay the Financiers overdue finance charges Rs... per day‬
‭amount of any‬

‭sums overdue including any sum of repairs and supplies which may be due from the borrower to‬

‭ inanciers in this respect. But this provision shall not in any way effect or prejudice the right of‬
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‭the‬

‭ inanciers as provided here into recover possession of the article/s and to terminate this‬
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‭agreement‬

‭on default for any of the monthly installment or part thereof.‬

‭ he Financiers may (without prejudice to their rights to recover arrears of overdue finance‬
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‭charges and damages to break of this agreement) terminated with or without notice the contract‬
‭and forthwith retake and recover the possession of the article/s from the Borrower or‬
‭his/her/their representatives, agents or any person having possession of the same and for that‬
‭purpose lease and license is expressly given to the Financiers/their agents of representatives to‬
‭enter any building or premises where the said article/s may be or may be supposed to be with or‬
‭without being liable to any‬
‭ uit or other proceeding by the Borrower or any person claiming as to do so: a) If any monthly‬
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‭installment or part there of an arrears are left in paid for the period of three days‬

‭ fter date fixed for its payment of any reason whatsoever. b) If the borrower commits or suffers‬
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‭any breach of the conditions and obligations herein‬

‭stipulated to be observed and performed by him/her them or does anything or suffers any act to‬

‭be done which in the opinion of Financiers may prejudice their title to the article/s.‬

‭c) If the Borrower dies, become insolvent or has a receiving order made against him/her/them or‬

‭ llows the article/s to be seized in distress or execution of under any other process of law. 7.‬
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‭7. The borrower hereby agrees to give to the Financiers in respect of the monthly installment a‬
‭Demand promissory Note as and by way of collateral security and he further agrees that the‬
‭financiers shall be entitled to negotiate the said promissory note, The borrower has examined‬
‭(or has caused to be examined) the articles and satisfied as to its‬

‭ onditions and running and not warranty is implied on the part of the Financiers as quality or‬
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‭state of‬

‭the article/s, as to its fitness for any purpose whatsoever.‬

‭ he Borrowers expressly agrees and understands that this agreement is entered into in respect‬
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‭of financing transaction giving rise to a relationship of debtor and creditor as between him and‬
‭the financier and not in respect of any service rendered by the Financier. Accordingly the‬
‭provisions of the consumer protection act, 1986 shall not apply to the transaction forming‬
‭subject of this‬

‭agreement.‬

‭ 0. The grant of any indulgence to the Borrower as provided in this Agreement or otherwise‬
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‭including the acceptance of any payment after the due dates there of shall not operate the effect‬
‭or prejudice Financiers rights against the borrower of the guarantor under the agreement. 11.‬
‭The borrower agrees to pay on demand all expenses incurred by the Financiers in collecting or‬

‭attempting to collect moneys due to them by repossession of the article/s.‬

‭ 2. It is expressly agreed and declared that any agent or dealer by or through whom this‬
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‭transaction may have been introduced or conducted is not be deemed as an authorized agent of‬
‭the Financier and that‬