Letter of Continuity Format in Loan and Banking with Stamp Duty

Sample Template Example of Letter of Continuity Format For Loan & Bank on Stamp Paper with Duty & Signature of Company's Authorized Signatory on Company Letter Head in Word / Doc / Pdf Free Download

LETTER OF CONTINUITY

Place: Kolkata

To,

The Manager,

Bajaj Capital Limited

D-3, P3B, District Centre,

Saket, New Delhi - 110 017

Dear Sir(s),

I/We_Stabnet Private Limited.. a company incorporated under the provisions of the Companies Act, 1956 /a partnership firm registered under the provisions of the Indian Partnership Act, 1932/ sole proprietorship concern having its office/ place of business at 14/5 Kings Plaza, Top Floor, Mumbai - 415100 acting through Ms Neetu Singh, who is duly authorized in that behalf vide board resolution dated ___________ (the “Borrower(s)”), enclose a Promissory Note dated _______ for Rs _____________/- (Rupees _____________________________) payable on demand which is given to you (“DPN”) as collateral security for repayment to Bajaj Capital Limited, (hereinafter referred to as the “RFL”, including its successors and assigns) of any sum now due or which may hereafter become due from me/us to RFL in respect of Rs.__________________/- (Rupees _____________________________________) (hereinafter referred to as the “Facility”) granted by RFL vide Facility Agreement dated ____________. I/We hereby irrevocably and unconditionally agree, confirm and undertake that:

1.         the DPN shall operate as continuing security to you to be enforceable for the repayment of the ultimate balance and/or all sums remaining unpaid under the Facility now or hereafter, including all interest to become payable in respect of / under the Facility or which may in future be advanced; and

2.         we will remain liable on the DPN notwithstanding payment made into the account of the Facility from time to time or the Facility being reduced or extinguished from time to time or even if the balance in the account of the Facility may be in  credit.

Yours faithfully,

For Stabnet Private Limited

Neetu Singh

(Authorised Signatory)

Applicable where the Borrower is a Company:

[The Common Seal of the Company has been affixed

pursuant to its Board Resolution dated ____________

in the presence of Mr/Mrs._______________

who have affixed their signatures hereto______________ Authorized Signatory of the Company]

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