Date: {!! $letter_date ?? date('d-m-Y') !!}

CONSENT LETTER FOR SOLAR ROOFTOP CUSTODY

To,
{{-- CHANGE #19: Replace K.M. Global Credit Private Limited with BlackSoil Capital Private Limited --}} BlackSoil Capital Private Limited
{{-- CHANGE #21: Replace K.M. Global address with BlackSoil address --}} Address: 1203, Lodha Supremus, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400 013, Maharashtra

Sub: Consent for Custody of Solar Rooftop Asset upon Event of Default

Dear Sir/Madam,

{{-- CHANGE #20: After "Asset" add "/ Equipment" --}} I/We, {!! $user['customer_name'] !!}, residing at / having registered office at {!! $user['current_address'] !!}, do hereby acknowledge and confirm that I/we have availed a loan facility ("Loan") from BlackSoil Capital Private Limited ("Lender") for the purpose of installation of a solar rooftop system ("Asset/Equipment") at the premises located at {!! $user['solar_install_address'] !!}.

In consideration of the Loan granted, and in accordance with the terms and conditions of the Loan Agreement executed between the Lender and the undersigned Borrower(s), I/we hereby irrevocably and unconditionally give my/our full, informed, and express consent to the Lender to take custody and possession of the aforesaid Solar Rooftop Asset/Equipment in the event of any default in payment of EMIs or any other dues under the Loan.

In the event of default in payment, without the requirement of any court intervention, order or decree, I/we grant the Lender the full right, title, and authority to enter the premises, access the Asset/Equipment, and take custody, possession, and control of the Asset/Equipment until such time as the outstanding dues are fully paid or settled.

I/We further confirm and agree that:

  1. The decision of the Lender on whether an Event of Default has occurred shall be final, binding, and conclusive on the Borrower(s).
  2. Upon taking custody of the Solar Rooftop Asset/Equipment due to a default, the Lender shall have the full right to sell or dispose of the said Asset/Equipment in any commercially reasonable manner for the purpose of recovery of outstanding dues, without the need for court intervention or order.
  3. After custody of the Asset/Equipment is taken, a Loan Settlement Letter will be issued to the Borrower within 8 to 10 working days, and the said loan will be reported as 'Settled' in the CIBIL Credit Bureau.
  4. Any amount paid towards down payment, advance payment, or EMIs shall not be refunded to the Borrower at the time of custody or thereafter.
  5. In the unfortunate event of the death of the Borrower, the legal heirs/family members shall be liable to clear the outstanding dues, and they shall not raise any objection to the Lender taking custody or possession of the solar rooftop system.
  6. This Consent shall remain valid and binding throughout the tenure of the Loan and until full and final settlement of all dues.
  7. I/We shall render full cooperation and not obstruct, interfere with, or object to such recovery action or custody by the Lender or its authorized representative(s).

This Consent Letter forms an integral part of the Loan documentation and shall be read in conjunction with the Loan Agreement and other related documents.

Thanking you,



Yours faithfully,