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THIS DEED OF AMENDMENT is made at Mumbai on this 19th day of July, 2019
BY AND BETWEEN
AND
RECITALS:
A. WHEREAS, the Parties had entered into a Collateral Management Service Agreement
dated 10th January, 2019 for availing collateral management services from the Collateral
Manager to the Bank (hereinafter referred to as “Agreement”);
B. WHEREAS, the Parties have mutually agreed to revise the commercial terms with
effect from 9th November, 2018;
C. AND WHEREAS, Parties have accordingly agreed to document the said changes by
way of this Deed of Amendment;
ARTICLE 1
A. The revised Collateral Management Fee payable by the Bank to the Collateral Manager
shall be applicable from 9th November, 2018, and Schedule III of the Agreement shall
be substituted as follows:
Schedule III
The fee shall be inclusive of lab testing charges & Quality Certification.
The fee shall be paid location-wise. A location shall be defined as a maximum of 15
godowns/warehouses within a radius of 5 Km from the 1 st godown/warehouse as a
central point. However, the Bank shall be allowed to change the central point twice for
any particular location.
1) Upper cap for PWH locations is removed effective from 9th Nov 2018 in all the
PWH. However, location nomenclature shall continue for pay-out calculations.
2) In PWH Revised CM Payout shall be applicable for new clients on boarded after
9th Nov 2018.
3) CM Payout for the existing third party location approved before 9th November
2018 shall continue at as per previous pay out till 8th Nov 2019. Any addition of
godown in such location shall continue as per the current payout till such time
the revision is effected.
4) Revised CM pay out for third party location shall be applicable for all the
locations which are approved after 9th Nov 2018.
B. The Parties hereto confirm that save and except the aforesaid amendments and the
consequential changes pursuant thereto, all other terms, conditions, covenants,
provisions of the Agreement shall remain unchanged and the same shall be together
with the aforesaid amendments be binding on the parties hereto.
C. This Deed of Amendment may be entered into two counterparts each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.
IN WITNESS WHEREOF the Parties hereto have executed this Deed of Amendment on the
date first mentioned hereinabove.
2. 2.