DETAILS OF THE DEBT SETTLEMENT Sample Clauses

DETAILS OF THE DEBT SETTLEMENT. Pursuant to the Debt Settlement Agreement, YTB shall pay the debt owing by the Debtors to Siab (M) of RM6,000,000 based on the cut-off date as at 13 May 2022. The details of the debt owing by the Debtors to Siab (M) as at 13 May 2022 are as follows: No Period Debtors Purpose Oustanding Amount (RM) Settlement Amount (RM) 1. Period from 15 October 2021 to 29 November 2021 YTBI Main Building works for TD Block of Plot 5 project 1,959,237.07 1,500,000.00 2. Period from 9 March 2021 to 14 September 2021 YTBD Main Building works for U-Thant project 5,282,610.53 4,500,000.00 Total 7,241,847.60 6,000,000.00 Please refer to Appendix I for the salient terms of the Debt Settlement Agreement.
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