Schedule

FORM 1 (See section 11) FORM OF AGREEMENT TO BE EXECUTED BEFORE DRAWING AN ADVANCE FOR THE PURCHASE OF A MOTOR VEHICLE An AGREEMENT made on—day of one thousand nine hundred and BETWEEN (hereinafter called the Borrower which expression shall include his heirs, administrators, executors and legal representatives) of the one part and the Governor of Manipur (hereinafter called the Governor, which expression shall include his successors and assignees) of the other part. Whereas the Borrower has under the provisions of the Manipur Ministers, Speakers and Chairman of the Hill Areas Committee (Grant of Motor Car Advance) Act, 1975 (hereinafter referred to as the said Rules which expression shall include any amendments thereof for the time being in force) applied to the Governor for a loan of Rs. for the purchase of a motor vehicle and whereas the Governor has agreed to lend the said amount to the Borrower on the terms and conditions hereinafter contained. NOW IT IS HEREBY AGREED between the parties hereto that in consideration of the Sum of Rs. to be paid by the Governor to the Borrower, the Borrower hereby agrees with the Governor (1) to pay the Governor the said amount with interest calculated according to the provision of the Act by monthly deductions from his salary as provided in the said Act and hereby authorises the Governor to make such deductions, and (2) within one month from the date of payment of the said sum to expend the full amount of the said loan in purchase of a motor vehicle or if the actual price paid is less than the loan, to repay the difference to the Governor forthwith, and (3) to execute a document hypothecating the said motor vehicle to the Governor as security for the amount to be lent to the Borrower as aforesaid and interest in the form provided by the said Rules and IT IS HEREBY AGREED AND DECLARED THAT IF THE MOTOR VEHICLE has not been purchased and hypothecated as aforesaid within one month from the date of the payment of the said sum or if the Borrower within that period becomes insolvent or quits office or dies, the whole amount of the loan and interest accrued thereon shall immediately become due and payable. IN WITNESS whereof the BORROWER and for and on behalf of the Governor have hereunto set their hands the day and year first before written. Signed by the said in the presence of 1. 2. (Signature of witnesses) (Signature and designation of the Borrower) Signed by (name and designation) for and on behalf of the Governor of Manipur in the presence of 1. 2. (Signature of witness) (Signature and designation of the Officer) Name and designation of the Borrower.