The projects co-financed with the commercial banks are governed by the MoU, Project Specific Agreement viz., Inter se Agreement, Term Loan Agreement, etc. The terms and conditions of these agreements vary depending on the nature of the project, promoter and other factors. The agreements prescribed by cofinancing bank / lead bank are vetted by Law Department. ROs are authorised to execute these documents with the bank and borrower, and forward a certified copy of the same, for further necessary action at HO. |
