DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:- 8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession; 8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:- a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same. 8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 169 contracts
Samples: Composite Loan Agreement, Composite Loan Agreement, Composite Loan Agreement and Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 101 contracts
Samples: Facility Agreement, Facilities Agreement, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 79 contracts
Samples: Facility Agreement, Facility Agreement and Deed of Assignment, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 70 contracts
Samples: Facilities Agreement, Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 49 contracts
Samples: Facility Agreement, Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 29 contracts
Samples: Facility Agreement and Deed of Assignment, Facility Agreement, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 28 contracts
Samples: Facility Agreement, Composite Loan Agreement, Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 17 contracts
Samples: Property Sale Agreement, Property Purchase Agreement and Deed of Assignment, Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s Bank‟s solicitor the following:-
(a) a letter of undertaking by the Purchaser or the Purchaser’s Purchaser‟s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s Purchaser‟s payment in favour of the Developer of the Purchaser’s Purchaser‟s portion of the Developer’s outgoings Developer‟s outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s Developer‟s official receipt evidencing the Purchaser’s Purchaser‟s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s Assignor‟s name shall be borne by the Purchaser.
Appears in 10 contracts
Samples: Facility Agreement, Facility Agreement and Deed of Assignment, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.Clause
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 10 contracts
Samples: Master Facility Agreement and Deed of Assignment, Facility Agreement, Master Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.Clause
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 10 contracts
Samples: Facility Agreement, Facility Agreement, Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 7 contracts
Samples: Composite Loan Agreement, Composite Loan Agreement and Assignment, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP (subject to any others taxes implemented, whenever applicable) and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities authorities, if any and further subject to Clause 7.2 hereof, the Assignee/Bank receiving a letter of undertaking from the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen days (14) after the same has been stamped Assignee / Bank and the Purchaser shall observe the following:-
8.1 The Assignee/7.1. the Assignee / Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Assignee / Bank, of all the rights, title, interest and benefits under the principal Principal Sale and Purchase Agreement entered into between the Developer/Proprietor Developer / Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Assignee / Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses (subject to any others taxes implemented, whenever applicable) (including the vetting fee of RM212.00 inclusive of 6% SST) of the Assignment, the Assignee/Assignee / Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Assignee / Bank, the original of the principal Principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or of certified true copy as in the Assignee/Assignee / Bank’s possession;
8.2 If 7.2. The Purchaser shall be liable to all costs and expenses including legal, stamp and registration fees of and incidental to the transfer of the Property is a housing accommodation under in the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment event of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same individual land / strata title has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the sameissued.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 6 contracts
Samples: Facility Agreement, Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 6 contracts
Samples: Facility Agreement and Deed of Assignment, Loan Agreement, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP (subject to any others taxes implemented, whenever applicable) and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor relevant authorities, if any and other relevant authorities and further subject to Clause 7.2 hereofthe Assignee/Bank receiving a letter of undertaking from the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen days (14) after the same has been stamped, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The 7.1 the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/BankBank , of all the rights, title, interest and benefits under the principal Principal Sale and Purchase Agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses (subject to any others taxes implemented, whenever applicable) (including the vetting fee of RM212.00 inclusive of 6% SST) of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s Bank 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, 7.2 the Purchaser shall upon payment be liable to all costs and expenses including legal, stamp and registration fees of and incidental to the transfer of the TPP forward to Property in the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour event of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same individual land/strata title has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.issued
Appears in 6 contracts
Samples: Facility Agreement, Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s Purchaser‟s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser‟s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 5 contracts
Samples: Deed of Assignment (By Way of Security), Property Sale Agreement, Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Purchaser of all such costs and expenses including Assignee/Bank. Where the vetting fee Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 4 contracts
Samples: Property Financing I Tawarruq Facility Agreement, Deed of Assignment, Deed of Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the purchaser hereby agrees that the Assignment to be executed shall be inform duly approved by the Purchaser of all such costs and expenses including Assignee/Bank. Where the vetting fee Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 4 contracts
Samples: Property Sale Agreement, Property Sale Agreement, Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 4 contracts
Samples: Property Sale Agreement, Property Purchase Agreement, Sale Agreement Cum Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.Clause
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 4 contracts
Samples: Master Facility Agreement, Facility Agreement, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the Property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the PurchaserProperty.
Appears in 3 contracts
Samples: Property Sale Agreement, Property Sale Agreement, Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1. As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s Purchaser`s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser`s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2. If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 3 contracts
Samples: Property Sale Agreement, Deed of Assignment, Deed of Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor Assignor/Customer prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the AssignorAssignor’s/Customer’s name shall be borne by the Purchaser.
Appears in 3 contracts
Samples: Facilities Agreement, Master Facility Agreement, Property Purchase Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
following:- a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
and b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 3 contracts
Samples: Deed of Assignment and Facility Agreement, Proclamation of Sale, Deed of Assignment, Facility Agreement, and Power of Attorney
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the purchaser hereby agrees that the Assignment to be executed shall be inform duly approved by the Purchaser of Assignee/Bank and to be prepared by messrs Xxxxxx Xxxxx Xxxxx & Xxxxx who shall at all such costs times be solicitors for the Assignee/Bank and expenses including not the vetting fee purchaser. Where the Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 2 contracts
Samples: Deed of Assignment (By Way of Security), Deed of Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) Ordinance 2013 and Housing Development (AmendmentControl and Licensing) Act 2007Regulations 2015, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.Clause
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner (if applicable) and other relevant authorities and further subject to Clause 7.2 hereof(if applicable), the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and purchase agreement and the certified true copies of the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). The Purchaser shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Assignee shall not be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and at the expense of the Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer of the property. In the event the Developer and/or the Proprietor refused to transfer the Property to the Purchaser, the Purchaser shall bear all costs, expenses, levies, penalties at his own costs and charges relating expenses commence the appropriate legal action (including specific reliefs) to stamping and/or registration compel the performance of the transfer either directly from such transfer. The refusal of the Developer and/or the Proprietor OR is not a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name ground for termination of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserthis auction sale.
Appears in 2 contracts
Samples: Assignment (By Way of Security), Assignment (By Way of Security)
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP with interest (if any) and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any the Assignee/Bank and the Purchaser shall observe the following:-
8.1 7.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If 7.2 The Purchaser shall be liable to all costs and expenses including legal, stamp and registration fees of and incidental to the transfer of the Property is a housing accommodation under in the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment event of the TPP forward to the Assigneeindividual land/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same strata title has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the sameissued.
8.3 In the event that 7.3 If the separate document of title or strata title for the Property has been issued whether before, on or after the successful date of the auction sale, the Purchaser Assignee shall bear all costsnot be required to register its charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties and charges relating to stamping and/or registration 1965 in favour of the Purchaser from the Developer or the Proprietor (as the case may be). The transfer either directly of the Property from the Developer or Proprietor (as the case may be) shall be procured and prepared by the Purchaser at the Purchaser’s expense who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitors and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the PurchaserProperty.
Appears in 2 contracts
Samples: Loan Agreement Cum Assignment, Facilities Agreement, Property Sale Agreement, Property Purchase Agreement, Deed of Assignment, Power of Attorney
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP (subject to any others taxes implemented, whenever applicable) and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities authorities, if any and further subject to Clause 7.2 hereof, the Assignee/Bank receiving a letter of undertaking from the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen days (14) after the same has been stamped Assignee / Bank and the Purchaser shall observe the following:-
8.1 The Assignee/7.1. the Assignee / Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Assignee / Bank, of all the rights, title, interest and benefits under the principal Principal Sale and Purchase Agreement entered into between the Developer/Proprietor Developer / Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Assignee / Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses (including the vetting fee of RM200.00 of the Assignment, the Assignee/Assignee / Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Assignee / Bank, the original of the principal Principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or of certified true copy as in the Assignee/Assignee / Bank’s possession;
8.2 If 7.2. The Purchaser shall be liable to all costs and expenses including legal, stamp and registration fees of and incidental to the transfer of the Property is a housing accommodation under in the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment event of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same individual land / strata title has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the sameissued.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
Samples: Facility Agreement, Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.Clause
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
following:- a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
and b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
Samples: Deed of Assignment, Facilities Agreement, and Power of Attorney, Deed of Assignment, Facilities Agreement, Power of Attorney
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance Code, expenses, levies, penalties 1965 or the National Land Code 1966 (whichever is applicable) but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 2 contracts
Samples: Deed of Assignment, Sale Agreement, Novation Agreement, Deed of Assignment, Sale Agreement, Novation Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 2 contracts
Samples: Deed of Assignment, Facility Agreement, and Power of Attorney, Deed of Assignment and Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Co-operative and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank Co-operative of the balance of the TPP, the Assignee/Co-operative shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties, and registration fees fees) in favour favor of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest interest, and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor and the original Purchaser Assignor/Customer upon the terms and conditions stipulated by the Assignee/Bank Co-operative at its absolute discretion. Thereafter The Assignee/Co-operative shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Co-operative (“the Related Documents”). For this purpose, the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee/Co- operative. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as Property in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the individual title/strata title has been issued. The Assignee/Co-operative shall not assign the Property to any person other than the Purchaser.
9.2 If separate document documents of title or strata title for the Property has have been issued whether before, on or after the successful auction date of the sale, the Assignee/Co-operative shall not be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code (Revised 2020) but such transfer from the Developer/Proprietor shall be prepared by and at the expense of the Purchaser shall bear all costs, expenses, levies, penalties who undertakes to pay such sums and charges relating comply with the conditions (if any) imposed by the Developer/Proprietor and/or their solicitor and/or the relevant authorities pertaining to stamping and/or the registration of the such transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the PurchaserProperty.
Appears in 1 contract
Samples: Master Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-following: -
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose, the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). And to be prepared by Messrs Xxxxx Xxxxxxxx & Associates who shall at all times Solicitors for the lender and not to the purchaser. For this purpose the purchaser hereby agrees that the Assignment to be executed shall be inform duly approved by the Purchaser of all such costs and expenses including Assignee/Bank. Where the vetting fee Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costs, expenses, levies, penalties not be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the bythe Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legall egal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration registr ation of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Master Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. 9.1 Upon full payment of the TPP Balance Purchase Price and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and or other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The 9.2 As soon as practicable after receipt in full by the Assignee/Bank of the Balance Purchase Price, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.3 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their Solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner (if applicable) and other relevant authorities and further subject to Clause 7.2 hereof(if applicable), the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the The Assignee/Bank shall upon such execution deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of as the Developer to deliver to case may be, the Developer principal sale and purchase agreement and the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing previous security documents relating to the Property currently in possession of the Assignee/Bank (“the Related Documents”). The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Property in the event of the individual title/strata title has been issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Assignee shall not be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and at the expense of the Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer of the property. In the even the Developer and/or the Proprietor refused to transfer the Property to the Purchaser, the Purchaser shall bear all costs, expenses, levies, penalties at his own costs and charges relating expenses commence the appropriate legal action (including specific reliefs) to stamping and/or registration compel the performance of the transfer either directly from such transfer. The refusal of the Developer and/or the Proprietor OR is not a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name ground for termination of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserthis auction sale.
Appears in 1 contract
Samples: Assignment (By Way of Security)
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 7.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 7.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 7.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Proclamation of Sale
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank Assignee and the Purchaser shall observe the following:-
8.1 The Assignee/Bank Assignee shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank Assignee at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank Assignee shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute abso lute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the AssignorAssignor ’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration 7KH $VVLJQHH %DQN VKDOO H[HFXWH RU FDXVH WR EH egHal,[staHmpFanXd WregHistGrat ionDV V fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;$VVLJQPHQW V RU GXSOLFDWH FRS\ RU FHUWLILHG WUXH FRS\ DV LQ
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-SD\PHQW RI WKH 733 IRUZDfoUllowGin g: -WR WKH $VVLJQHH %DQN¶V VROLFLWRU
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment D OHWWHU RI XQGHUWDNLQJ E\ WKH 3XUFKDVHU RU er WtheKduHly sta3mpXedUasFsigKnmDenVt HU¶V within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereofWKH 3XUFKDVHUR¶IV WSKDH\ P'HHQYWH OLRQS HIUD YRIX UWKH 3XUFKDVHU¶V SR3 hUerWeoLf, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.xXx Q RI D FHUWLILHG WUXH FRS\ RI WKH 'HYHORSHU¶V RIILFLDO UHFHLSW
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.UHJLVWUDWLRQ RI WKH WUDQVIHU LQWR WKH $VVLJQRU¶V QDPH VKDOO
Appears in 1 contract
Samples: Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 7.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 7.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 7.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Composite Loan Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration registr ation of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) Ordinance 2013 and Housing Development (AmendmentControl and Licensing) Act 2007Regulations 2015, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title ti tle or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s Purchaser‟s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser‟s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s Purchaser‟s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costs, expenses, levies, penalties not be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank Assignee and the Purchaser shall observe the following:-
8.1 The Assignee/Bank Assignee shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank Assignee at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank Assignee shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007Xxx 0000, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner (if applicable) and other relevant authorities and further subject to Clause 7.2 hereof(if applicable), the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and purchase agreement and the certified true copies of the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). The Purchaser shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of property to any person other than the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;Purchaser.
8.2 9.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assigneeindividual title/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same strata title has been stampedissued, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser Assignee/Bank shall bear all costs, expenses, levies, penalties and charges relating NOT be required to stamping and/or registration register its charge(s) nor to procure a transfer in Form 14A of the transfer either directly National Land Code 1965, in favour of the Purchaser from the Developer and/or or the Proprietor OR a double transfer where (as the case may be). Upon full payment of the purchase price and subject to the consent from the relevant authorities (if applicable), it is hereby mutually agreed that the Purchaser shall be the beneficial owner of the Property whereas the Developer and/or the Proprietor or any is the bare trustee. The Purchaser undertakes, at his own costs and expenses, to obtain the relevant authority requires party’s execution (including Developer and/or Proprietor) on the title to be transferred into the name Direct Transfer of the Assignor prior Property to it being transferred the Purchaser whereby the Purchaser also undertakes to commit all acts and deeds related to the Memorandum of Transfer to enable the effective transfer of the Property to the Purchaser (including the full settlement of all legal fees, stamp duty, registration fees, taxes, duties and levies connected therewith). In the event the Developer and/or the Proprietor refused to transfer the Property to the Purchaser, all costs, expenses, levies, penalties the Purchaser shall at his own costs and charges relating expenses procure a “Double Transfer’’ or commence the appropriate legal action (including specific reliefs) to stamping and/or registration compel the performance of such transfer. The refusal of the transfer into Developer and/or the Assignor’s name shall be borne by the PurchaserProprietor is not a ground for termination of this auction sale.
Appears in 1 contract
Samples: Assignment (By Way of Security)
DEED OF ASSIGNMENT/TRANSFER. 9.1 Upon full payment of the TPP Balance Purchase Price and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and or other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The 9.2 As soon as practicable after receipt in full by the Assignee/Bank of the Balance Purchase Price, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser’s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registrati on fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.3 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their Solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified certif ied true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the PurchaserPurc xxxxx, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Deed of Assignment
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-following: -
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s 's costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s 's possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) Ordinance 2013 and Housing Development (AmendmentControl and Licensing) Act 2007Regulations 2015, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-following: -
(a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
(b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings outgoing charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any other relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Facilities Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s Purchaser‟s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and The Assignee/Bank shall upon payment by such execution deliver to the Purchaser of all such costs or Purchaser‟s financier as the case may be, the principal sale and expenses including purchase agreement and the vetting fee previous security documents relating to the Property which may be in possession of the Assignment, Assignee/Bank (“the Related Documents”). Where the Assignee/Bank is in possession of the original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s Purchaser‟s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Memorandum of Transfer as prescribed by the Sabah Land Ordinance Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Tawarruq Master Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the purchaser hereby agrees that the Assignment to be executed shall be inform duly approved by the Purchaser of Assignee/Bank and to be prepared by messrs Xxxxx & Co who shall at all such costs times be solicitors for the Assignee/Bank and expenses including not the vetting fee purchaser. Where the Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Proclamation of Sale
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier Bank in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal7KH $VVLJQHH %DQN VKDOO H[HFXWH RU FDXVH WR XX Xxx[al, stamp and HstaFmpXaWndHG D registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;truH FRS\ DV LQ WKH $VVLJQHH %DQN¶V SR
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-VKDOO XSRQ SD\PHQW RI WKH 7he3fol3low inIg:-RUZDUG WR WKH $VVLJQHH %DQ
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped D OHWWHU RI XQGHUWDNLQJ E\ WKH 3XUFKDVHU RU WerKtheHd uly3staXmUpedFKDVH assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 PurchDVHU¶V SD\PHQW LQ IDYRXU RI WKH 'HYHORSHU RI WK1H3 3XU hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.RU D FHUWLILHG WUXH FRS\ RI WKH 'HYHORSHU¶V RIILFLDO
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.VWDPSLQJ DQG RU UHJLVWUDWLRQ RI WKH WUDQVIHU LQWR WKH $VVL
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 8.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) Ordinance 2013 and Housing Development (AmendmentControl and Licensing) Act 2007Regulations 2015, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 12 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Financier and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest Profit and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the Purchaser hereby agrees that the Assignment to be executed shall be in the form duly approved by the Assignee. The Purchaser of shall be liable to all such costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the vetting fee transfer of the Assignment, Property in the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original event of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and individual title/strata title has been issued. The Assignee shall not be required to assign the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward property to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or any person other than the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor and other relevant authorities and further subject to Clause 7.2 hereof, the Assignee/Bank and the Purchaser shall observe the following:-
8.1 The Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses including legal, stamp and registration fees in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, of all the rights, title, interest and benefits under the principal Sale and Purchase Agreement entered into between the Developer/Proprietor and the original Purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute abso lute discretion. Thereafter and upon payment by the Purchaser of all such costs and expenses including the vetting fee of the Assignment, the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour of the Developer to deliver to the Developer the duly stamped assignment within fourteen (14) days after the same has been stamped, and
b) the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the separate document of title or strata title for the Property has been issued whether before, on or after the successful auction sale, the Purchaser shall bear all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer either directly from the Developer and/or Proprietor OR a double transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaser.
Appears in 1 contract
Samples: Master Facility Agreement
DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, if any, the Assignee/Bank Lender and the Purchaser shall observe the following:-
8.1 The 9.1 As soon as practicable after receipt in full by the Assignee/Bank of the balance of the TPP, the Assignee/Bank shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Sale sale and Purchase Agreement purchase agreement entered into between the Developer/Proprietor Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank at its absolute discretion. Thereafter The Assignee/Bank shall upon such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the principal sale and upon payment purchase agreement and the previous security documents relating to the Property which may be in possession of the Assignee/Bank (“the Related Documents”). For this purpose the purchaser hereby agrees that the Assignment to be executed shall be inform duly approved by the Purchaser of Assignee/Bank and to be prepared by messrs Xxxxx & Xxxx who shall at all such costs times be solicitors for the Assignee/Bank and expenses including not the vetting fee purchaser. Where the Assignee/Bank is in possession of the Assignment, original of the Related Documents the Assignee/Bank shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Bank shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.2 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction date of the sale, the Purchaser Assignee/Bank shall bear all costsnot be required to register the charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, expenses, levies, penalties 1965 but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and charges relating to stamping and/or registration at the expense of the transfer either directly from Purchaser who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
DEED OF ASSIGNMENT/TRANSFER. 9.1 Upon full payment of the TPP and subject to the consent (if applicable) being obtained by the Purchaser from the Developer/Proprietor Landowner and other relevant authorities and further subject to Clause 7.2 hereofauthorities, the if any Assignee/Bank Financier and the Purchaser shall observe the following:-
8.1 The 9.2 As soon as practicable after receipt in full by the Assignee/Bank Financier of the balance of the TPP the Assignee/Financier shall execute or cause to be executed as soon as possible at the Purchaser’s costs and expenses (including legalbut not limited to the legal fees, stamp duties and registration fees fees) in favour of the Purchaser an Assignment in the form and format duly approved by the Assignee/Bank, assignment of all the rights, title, interest and benefits under the principal Principal Sale and Purchase Agreement and Supplementary Sale and Purchase Agreement (if any) entered into between the Developer/Proprietor Developer/ Landowner and the original Purchaser purchaser upon the terms and conditions stipulated by the Assignee/Bank Financier at its absolute discretion. Thereafter and The Assignee/Financier shall upon payment by such execution deliver to the Purchaser or Purchaser’s financier as the case may be, the Principal Sale and Purchase Agreement, the Supplementary Sale and Purchase Agreement (if any), the Deed of all such costs Assignment and expenses including any other Security Documents relating to the vetting fee Property which may be in possession of the AssignmentAssignee/Financier (“the Related Documents”) Where the Assignee/Financier is in possession of the original of the Related Documents, the Assignee/Bank Financier shall deliver to the Purchaser the Assignment duly executed or caused to be executed by the Assignee/Bank, the such original of the principal Sale and Purchase Agreement or duplicate copy or certified true copy and the original of the previous Assignment(s) or duplicate copy or certified true copy as in the Assignee/Bank’s possession;
8.2 If the Property is a housing accommodation under the Housing Development (Control and Licensing) (Amendment) Act 2007, the Purchaser shall upon payment of the TPP forward Related Documents to the Assignee/Bank’s solicitor the following:-
a) a letter of undertaking by the Purchaser or the Purchaser’s financier in favour as the case may be. The Purchaser shall be liable to all costs and expenses including but not limited to all legal fees, stamp duties, and registration fees of and incidental to the transfer of the Developer to deliver to Property in the Developer event of the duly stamped assignment within fourteen (14) days after the same individual title/strata title has been stamped, and
b) issued. The Assignee/Financier shall not be required to assign the property to any person other than the Purchaser’s payment in favour of the Developer of the Purchaser’s portion of the Developer’s outgoings charges pursuant to Clause 13 hereof, or a certified true copy of the Developer’s official receipt evidencing the Purchaser’s payment of the same.
8.3 In the event that the 9.3 If separate document documents of title or strata title for the Property property has been issued whether before, on or after the successful auction saledate of the sale the Assignee/Financier shall not be required to register the charge(s) nor to procure a transfer in Form G as prescribed by the Sarawak Land Code (Cap. 81), but such transfer from the Developer or Proprietor (as the case may be) shall be prepared by and at the expense of the Purchaser shall bear all costs, expenses, levies, penalties who undertakes to pay such sums and charges relating to stamping and/or registration of comply with the transfer either directly from conditions (if any) imposed by the Developer and/or Proprietor OR a double and/or their solicitor and/or the relevant authorities pertaining to the registration of such transfer where the Developer and/or Proprietor or any relevant authority requires the title to be transferred into the name of the Assignor prior to it being transferred to the Purchaser, all costs, expenses, levies, penalties and charges relating to stamping and/or registration of the transfer into the Assignor’s name shall be borne by the Purchaserproperty.
Appears in 1 contract
Samples: Property Sale Agreement