Common use of DEED OF ASSIGNMENT/TRANSFER Clause in Contracts

DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP (subject to any others taxes implemented, whenever applicable) and subject to the consent being obtained by the Purchaser from the Landowner and relevant authorities, if any and subject to 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:- 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 / Landowner 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 (subject to any others taxes implemented, whenever applicable) (including the vetting fee of RM212.00

DEED OF ASSIGNMENT/TRANSFER. Upon full payment of the TPP (subject to any others taxes implemented, whenever w henever applicable) and subject to the consent being obtained by the Purchaser from the Landowner Xxxxxx ner and relevant authorities, if any and subject to 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 w ithin fourteen days (14) after the same has been stamped Assignee / Bank and the Purchaser shall observe the following:-follow ing:- 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 betw een the Developer / Landowner Xxxxxx ner 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 (subject to any others taxes implemented, whenever w henever applicable) (including the vetting fee of RM212.00