Personal Loan Agreement And Terms And Conditions (Page 4 of 5) in pdf

(a) terminate this Agreement;

(b) demand that the Customer pay all outstanding installments and otherwise declare due all amounts payable under this Agreement; and

10. Notices

10.1 All notices and other communications under this Agreement shall be in writing and shall be sent to the respective addresses of the parties as stated below

or to such addresses as the parties may specify from time to time. Notices may be delivered by hand, facsimile message against a written confirmation of

receipt or by registered post or courier.

For Samba:

Attn: ______________________________________________________________________________

Samba Financial Group, Dubai Branch

Address: PO Box 6038, Dubai, UAE, Tel: (971 4) 7091111, Fax: (971 4) 7091122

For the Customer:

Address: PO Box _____________________________________ Tel: ____________________________________________

Fax: ____________________________________________

10.2 Notices sent by telex or fax shall be deemed to be received on the business day following the day they are transmitted and if sent by post shall be deemed

to be received three (3) business days after they are put in the post by airmail, postage prepaid and properly addressed to the addressee.

11. Default in Payment

If the Customer fails, neglects and/or refuses to make any of the payments due on the date due for payment for any reason whatsoever, the Customer undertakes

to pay in addition to the amount already due and outstanding, a penalty of 4% per annum on the amount overdue from the date of such default until the date of

actual receipt by Samba or AED 150 per month, whichever is the higher.

12. Rights Accumulative

The rights, powers and remedies provided for in this Agreement are cumulative and shall not exclude any other rights, powers and remedies provided by law.

13. Waiver

No failure by Samba to exercise or any delay by Samba in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or

partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies herein

provided are cumulative and not exclusive of any rights or remedies provided by law.

14. Entire Agreement

This Agreement contains the whole agreement between the parties relating to the transactions contemplated by it and supersedes all previous agreements

between the parties relating to the same transaction.

15. Severability

If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality,

validity or enforceability of the remaining provisions of this Agreement, nor the legality, validity or enforceability of such provision under the law of any other

jurisdiction shall in any way be affected or impaired thereby.

16. Assignment

16.1 This Agreement shall be binding on the parties hereto, their respective successors and permitted assigns, heirs and/or legal representatives.

16.2 The Customer may not assign or transfer any of his/her rights or obligations under this Agreement without the written consent of Samba.

16.3 Samba shall have the right at any time during the term of this Agreement, upon notice to the Customer but without the need to obtain consent, to assign,

sub-sell or otherwise transfer all or any part of its rights, benefits and obligations hereunder to any third party.