12 Dec 2020


This agreement enters into force on the date of this agreement. In December 2015, I reimbursed my wife for the remaining $95,000. I made this payment by making money from my U.S. bank account into their U.S. bank account. After that, we both signed on the back of the PN and stated that the loan had been fully paid and that the PN was cancelled (and my wife returned this PN to me). Fortunately, I still have this PN on me. Dear guest, thank you for your clear instructions. I come from Europe and I had the pleasure of spending six months in India last year. It was there that I met a family that I want to help develop a business.

I trust them and I think their business plan is solid. However, I would like to follow your advice and enter into a loan agreement to formally agree on conditions. Are there any special clauses that I should add as a foreigner lending money to the Indians? Thank you for your reply, Patrick B) A person who has come to India or is in India, in all cases, other than: (B.1) for or when creating a job in India, or (B.2) for the continuation of an activity or appeal in India in India or (B.3) for other purposes, in circumstances that would indicate his intention to remain in India for an uncertain period; (h) “person”: one person; (i) “repayment”: repayment of the principal amount and interest on borrowing, bonds and/or other expenses, commissions or other taxes that must be paid to the lender under this agreement. (j) “advance,” a partial or full prepayment of the loan. (k) “slice,” the amount of the monthly payment during the loan period. l) “Post Dated Cheques” or “SIC”: cheques on the amount of the portion drawn by the borrower in favour of the borrower, which supports the dates corresponding to the maturity date of each tranche. (m) “EMI,” the monthly payments (n) “workday,” the date on which India`s banks are open to operations. 1.2. References to articles, clauses, recitals, annexes and calendars refer to the articles, clauses, recitals, annexes and timetables of this agreement. 1.3.

Any reference to a statutory provision includes a provision that is amended, rewritten or consolidated from time to time, to the extent that such a change or revision or consolidation applies or may be applicable to all transactions carried out under that version.

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