A.   TERMS

1. Disbursement is subject to availability of funds and statutory
2. Agreed monthly instalment payment to 4Stone Capital Ltd via 4Stone, Post Dated Cheque or other repayment methods decided by 4Stone Capital Ltd.
3. The Borrower will reimburse 4Stone Capital Ltd on demand, all expenses (including but not limited to legal and insurance expenses and all taxes where-so applicable) thereon incurred by 4Stone Capital Ltd in Processing this facility and in suing for or recovering any sum due hereunder or otherwise in enforcing or protect its rights and interests
4. 4Stone Capital Ltd reserves the right to refuse and/or withhold disbursement without
5. The facility is expected to run its full course and therefore non-cancellable otherwise a non-cancellable fee shall
6. This offer is subject to external confirmation and authenticity of all documents submitted for the loan
7. Where any document submitted by the Borrower is found to be ingenuine or unreliable this offer will automatically
8. Pre – liquidation: Customer consents to the payment of full interest for the month of liquidation and interest for one more

B.   EVENT OF DEFAULT

The occurrence of any of the following shall cause all outstanding sums under this facility to become immediately repayable:

1. If the Borrower fails to settle when due, any outstanding amount owed to and advised by 4Stone Capital
2. If the Borrower defaults in the performance or the observance of any term or /and conditions here-above
3. Where 4Stone Capital Ltd gives notice of said breach/default to the borrower, and said breach/default continues and remains unalleviated after seven (7) days’ notice had been given to it; or
4. Where repayment of the facility is not discharged as at when due (with reference to the monthly instalment payment and other outstanding amount applicable to the facility), 4Stone Capital has the right to upload customer’s data as delinquent on the Credit bureau.
5. Returned cheques/failed Remita shall attract an additional charge per
6. Should any of the rentals remain un-paid, for any reason whatsoever, a penalty of the amount of the rental shall be payable for each day of the period that the rental remained unpaid.

C.   GENERAL

1. All cheques must be made in the name of 4Stone Capital Ltd to the express exclusion of any known staff of the
2. The Borrower hereby irrevocably and unconditionally consents to 4Stone Capital Ltd providing any and all information on the borrower’s dealings with it to the credit Bureaus/Registries as it may deem necessary.
3. The Borrower hereby irrevocably and unconditionally consents to 4Stone Capital providing any and all information on its dealings with 4Stone Capital to such credit Bureaus/Registries as 4Stone Capital may deem necessary.