Inspection of Property The Borrower and each of its Subsidiaries will keep proper books and records in accordance with GAAP and will permit reasonable examinations of its books and records and reasonable inspections of its property (subject to reasonable procedures relating to safety and security), accompanied by personnel of the Borrower, by the Administrative Agent and any Lender and/or their respective accountants or other professional advisers; provided that such examinations and inspections (a) will occur not more frequently than once in any calendar year, with reasonable efforts to make combined visits (unless a Default or an Event of Default has occurred and is continuing in which case such examinations may occur as frequently as reasonably determined by the Administrative Agent or any Lender, with no obligation to combine visits), (b) will be at the sole expense of the Administrative Agent and/or requesting Lender, as the case may be (unless a Default or an Event of Default has occurred and is continuing in which case such examinations will be at the expense of the Borrower), (c) will be undertaken at reasonable times following the provision of written notice in advance to the Borrower, and (d) will not unduly interfere with the operations or management of the Borrower’s business. Notwithstanding anything set forth herein to the contrary, under no circumstances shall the Borrower or any Subsidiary be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes non−financial trade secrets or non-financial confidential proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective Affiliates, representatives, contractors, accountants or other professionals) is prohibited by any Governmental Rule or binding confidentiality agreement with a Person that is not an Affiliate of the Borrower and that was not entered into in contemplation of this Agreement, (iii) that is subject to attorney−client or similar privilege or constitutes attorney work product, or (iv) in the case of any discussions with accountants, only if the Borrower has been given the opportunity to participate in the discussions.
PARTICULARS OF PROPERTY DESCRIPTION OF PROPERTY : The subject property is A Corner Single-Storey Semi-Detached House (as per original SPA) identified as Developer’s Xxxx 0, Xxxx X, Xxxxx Xxxxxxxx Xxxxx Xxxxx IV. POSTAL ADDRESS OF UNIT : Xx. 0, Xxxxx Xxxx 0, Xxxxx Xxxx Xxxxxxxx Xxxxx, 13200 Kepala Batas, Penang. TITLE NO : GM 2389 (Formerly known as Gm 1338) LOT NO : Lot 5232 (Formerly known as Xxx 0000) XXXXX / XXXXXXXX / XXXXX : 8 / Seberang Perai Utara/ Penang PROVISIONAL LAND AREA : Approximately 287 square metres (3,089 square feet) TENURE : Freehold DEVELOPER / VENDOR : Reka Indah Development (Kepala Batas) SDN.BHD ENCUMBRANCE : Assigned to Maybank Islamic Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. STRATA TITLE : Has been issued The property will be sold on an “as is where is” basis, subject to a reserve price of RM216,000.00 (Ringgit Malaysia Two Hundred Sixteen Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Maybank Islamic Berhad prior to the sale with the under mentioned Auctioneer. Such payment can be made by Master/Visa Card. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund and quit rent) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows : 50% of the reserve price for Commercial property 50% of the reserve price for Residential (RP RM500,000 and above) 10% of the reserve price for Residential (RP below RM500,000) The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges and quit rent by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender together with the payment of the Balance of Purchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Maybank Islamic Berhad. For further particulars please Messrs. Xxxx Xxxxx & Co. Solicitor for the Assignee/Bank herein whose address is at Xx. 00, 0xx Xxxxx, Xxxxxxx Xxxxxxx 0, Xxxxxxxxx Cempaka , Xxxxxx Xxxxxxxx, 00000 Xxxxxx Xxxxxx, Xxxxx [Telephone No.: 00-000 0000 / Facsimile No.: 04-441 1490 / Ref: MAC/SP/LIT/MBB/001- 05/2015/rma/sofia] or the under mentioned Auctioneer. R & U Management Consultant XXXXXXX XXX XXXXXXXX No. 7A (Opposite LHDN), (LICENSED AUCTIONEER) Xxxxxx XX 0, Xxxxxx Xxxxx, XXXXXXX (UM) 00000 Xxxxx Xxxxxxxx, Tel: 00-0000000/7 / Fax: 00-0000000 Penang. xxx.xxxxxxxxxx.xx H/P No.: 012-4089616
Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.
Identity Of Property a. The Purchaser shall admit the identity of the Property purchased with that described in the Proclamation of Sale and such other documents such as muniments offered by the Auctioneer as to the title to the Property upon the evidence afforded by the comparison of the description in the particulars and muniments respectively and with that described in the Security Documents without requiring any further proof.
CONDITION OF PROPERTY Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date. An engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than twelve months prior to the Cut-off Date. To Seller’s knowledge, based solely upon due diligence customarily performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of any material damage (other than (i) deferred maintenance for which escrows were established at origination and (ii) any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.
LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a unit of 1-bedroom serviced apartment and identified as Developer’s Parcel Xx. X-00X-00, Xxxx Xx. 00, Storey No. 33A, Building No. SA, Type S2, together with Accessory Parcel Car Park No. 04-111 and Air-Cond Compressors Ledge No. Acc-S-33A-13, CS-2 (Teega Suite/ Residence@Puteri Harbour) bearing postal address Xxxx Xx. X-00-00 (also known as S-33A-13), Menara Teega, Xxxxx Xxxxxxxxx 0, Xxxxxx Xxxxxxx, 00000 Xxxxxxxx Puteri, Johor Darul Ta’zim. RESERVE PRICE: The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM342,630.00 (RINGGIT MALAYSIA THREE HUNDRED FORTY TWO THOUSAND SIX HUNDRED AND THIRTY ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the approval being obtained by the Purchaser from the relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. Subject to the terms and conditions stated in the Conditions of Sale, any arrears of quit rent, assessments, service/maintenance charges and any other outgoings which may be lawfully due to the Developer or the relevant authorities up to the date of successful sale of the subject property shall be paid out of the purchase money. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne solely by the successful Purchaser. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the same. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or Cashier’s Order only in favour of HSBC BANK MALAYSIA BERHAD prior to the auction sale or remit the same through online banking transfer, one (1) working day before auction date and the balance of the purchase money shall be paid by the Purchaser within ninety (90) days from the date of auction sale to HSBC BANK MALAYSIA BERHAD, failing which the deposit shall be forfeited by the Assignee/Bank at its absolute discretion. FOR FURTHER PARTICULARS, please contact M/S. LAW PARTNERSHIP of Xxxx 00-00, Xxxxx 0, Xxxxxx 5, The Horizon Phase 2, Bangsar South, Xx. 0, Xxxxx Xxxxxxxx, 00000 Xxxxx Xxxxxx. [Ref No: BLA/CYJ/21302195/HSBC/PuahGeokTin, Tel No.00-0000 0000, Fax No. 00-0000 0000] Solicitors for the Assignee/Bank herein or the under mentioned Auctioneer EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Xxxxx X-00-0X, Xxxxx 00, Xxxxx X, Xxxxx Xxxxxx II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: ALIN/HSBC0298/LP Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx HP NO. : 000 0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA MENGENAI PERJANJIAN KEMUDAHAN, SURATIKATAN PENYERAH HAK (PIHAK KETIGA) XXX XXXXX XXXXX XXXXX XXXXXXXXXX XXXXXXXXX 00XX MEI, 2014 ANTARA HSBC BANK MALAYSIA BERHAD [NO. SYARIKAT : 000000-X] XXXXX PEMEGANG SERAHHAK/BANK XXX XXXX GEOK TIN (PASPORT SINGAPURA NO.: E2307580D) PIHAK PEMINJAM PUAH GEOK TIN (PASPORT SINGAPURA NO.: E2307580D) LEH XXXX XXXX (PASPORT SINGAPURA NO.: E1774154A) LEH XXXX XXX (PASPORT SINGAPURA NO.: E1251015J) PIHAK PENYERAHHAK Dalam menjalankan xxx xxx kuasa yang telah diberikan kepada Pihak Pemegang Serahhak/Bank di bawah Perjanjian Kemudahan, Suratikatan Penyerah Hak (Pihak Ketiga) xxx Surat Kuasa Wakil kesemuanya bertarikh 19hb Mei, 2014 di antara Pihak Pemegang Serahhak/Bank, Pihak Penyerahhak, xxx Pihak Peminjam adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut di bawah AKAN MENJUAL SECARA LELONGAN AWAM PADA HARI SELASA, BERSAMAAN 23HB NOVEMBER, 2021, JAM 3.00 PETANG, XX XXXXX LELONGAN ‘EHSAN AUCTIONEERS SDN. BHD.’ SUITE C-0-3A, TINGKAT UG, BLOK C, MEGAN AVENUE II, 12, XXXXX XXX XXXX XXXX, 50450 KUALA LUMPUR. Sebagai alternatif, bakal pembida boleh mengemukakan bida untuk hartanah dalam talian melalui xxx.xxxxxxxxxxxxxxxx.xxx (Untuk pembidaan dalam talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelong untuk tujuan pendaftaran & pengesahan) NOTA: Xxxxx-xxxxx pembeli adalah dinasihatkan agar (i) memeriksa harta tersebut (ii)meminta nasihat dari Pihak Xxxxxx mengenai Syarat-Syarat Jualan (iii) membuat carian hakmilik secara rasmi di Pejabat Tanah xxx/atau xxxx-xxxx Pihak-pihak Berkuasa yang berkenaan (iv) serta membuat pertanyaan dengan Pihak Pemaju, Pemilik xxx/atau pihak-pihak xxxx xxxx berkenaan mengenai persetujuan untuk jualan xxx pemindahan subjek harta tersebut ini sebelum jualan xxxxxx xxx memeriksa /bertanya tentang undang-undang perumahan, waad atau persetujuan bersama, terma-terma yang terkandung di dalam Perjanjian Jual Beli yang xxxxx xxx xxx pernyataan berkenaan kesemua sumbangan / caruman xxx xxxx-lain bayaran yang mesti dibayar sebelum penawar boleh memiliki subjek harta tersebut. Selepas berjaya memperolehi harta tersebut, pembeli tersebut dikehendaki memohon kebenaran untuk pindahmilk dari pihak Pemaju xxx/atau xxxx-xxxx Pihak Berkuasa yang berkenaan, sekiranya ada xxx juga bertanggungjawab untuk mendapatkan kelulusan bagi pemindahan terus xxx/atau pemindahan-pemindahan daripada Pihak Pemaju xxx/atau Pihak-pihak Berkuasa sekiranya hakmilik individu/strata telah dikeluarkan (v) bahawa Harga Belian xxx xxxx lain xxxx xxxx dibayar berkaitan dengan lelongan awam ke atas Hartanah tersebut adalah tidak termasuk apa-apa cukai-cukai Kerajaan yang dikenakan ke atas pembayaran tersebut termasuk Cukai Penjualan xxx Perkhidmatan (jika berkenaan) yang mesti dibayar oleh penawar yang berjaya. BUTIR-BUTIR HAKMILIK Hakmilik Strata untuk hartanah subjek masih belum dikeluarkan.