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The Lenders have a right to revise the interest rate on the loan, if
the Reserve Bank of India
The Lenders Agent shall have a right to appoint any external rating
agency in consultation of the Borrower for rating of the Borrower /
obligations sanctioned herein in case the same is required.
28. Prepayment The Borrower shall have the right to prepay, in part or full, the
outstanding Loan at any point of time. In this event, the Borrower
shall be liable to pay a pre-payment penalty @ 1 % of the pre-paid
amount.
The company shall pay penal interest @ 1.00% p.a. on the Term
Loan outstanding, in the event of any breach of covenants
stipulated above, for the period of such breach, to be calculated
at the end of each Financial Year.