Common use of MODIFICATION AND INDULGENCE Clause in Contracts

MODIFICATION AND INDULGENCE. 9.05.1 The Chargee may at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:- (a) determine vary or increase any credit or other facility granted to the Chargor and may open or continue any account or accounts (or both) with the Chargor at any branch or branches of the Chargee, in accordance with the provisions in Clauses 9.05.2, 9.05.3, 9.05.4 and 9.05.5; (b) grant to the Chargor any time or indulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the Chargor; (d) enter into any deed of composition with the Chargor. 9.05.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/or (f) notice by any other means as the Chargee deems fit and acceptable to the Chargor. 9.05.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same within twenty-one (21) calendar days from the date of notice by the Chargee and the Chargor shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 In the event the Chargor and the Chargor continues to maintain the Facility, twenty-one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.

MODIFICATION AND INDULGENCE. 9.05.1 The Chargee may may, subject to Xxxxxxx Xxxxxxxxx, at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:-created: - (a) determine vary or increase any credit or other facility granted to the Chargor and may open or continue any account or accounts (or both) with the Chargor at any branch or branches of the Chargee, in accordance with the provisions in Clauses 9.05.29.06.2, 9.05.39.06.3, 9.05.4 9.06.4 and 9.05.59.06.5; (b) grant to the Chargor any time or indulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the Chargor; (d) enter into any deed of composition with the Chargor.. 17 CB(BBA/ANNEXURE1st/POC/092018)AmI 9.05.2 9.06.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 9.06.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/or (f) notice by any other means as the Chargee deems fit and acceptable to the Chargor. 9.05.4 9.06.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same within twenty-one (21) calendar days from the date of notice by the Chargee and the Chargor / Customer shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 9.06.5 In the event the Chargor Customer and the Chargor continues to maintain the Facility, twenty-one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.

MODIFICATION AND INDULGENCE. 9.05.1 The Chargee may may, subject to Shariah Principle, at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:-created: - (a) determine vary or increase any credit or other facility granted gran xxx to the Chargor and may open or continue any account or accounts (or both) with the Chargor at any branch or branches of the Chargee, in accordance with the provisions in Clauses 9.05.29.06.2, 9.05.39.06.3, 9.05.4 9.06.4 and 9.05.59.06.5 ; (b) grant to the Chargor any time or indulgencei ndulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the Chargor; (d) enter into any deed of composition c omposition with the Chargor. 9.05.2 9.06.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/orand/ or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 9.06.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/orand/ or (f) notice by any other means me ans as the Chargee deems fit and acceptable to the Chargor. 9.05.4 9.06.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same within twenty-one twenty -one (21) calendar days from the date of notice by the Chargee and the Chargor / Customer shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 9.06.5 In the event the Chargor Customer and the Chargor continues to maintain the Facility, twenty-one twenty -one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.

MODIFICATION AND INDULGENCE. 9.05.1 The Chargee may may, subject to Xxxxxxx Xxxxxxxxx, at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:-created: - (a) determine vary or increase any credit or other facility granted gran xxx to the Chargor and may open or continue any account or accounts (or both) with the Chargor at any branch or branches of the Chargee, in accordance with the provisions in Clauses 9.05.29.06.2, 9.05.39.06.3, 9.05.4 9.06.4 and 9.05.59.06.5 ; (b) grant to the Chargor any time or indulgencei ndulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the Chargor; (d) enter into any deed of composition c omposition with the Chargor. 9.05.2 9.06.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/orand/ or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 9.06.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/orand/ or (f) notice by any other means me ans as the Chargee deems fit and acceptable to the Chargor. 9.05.4 9.06.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same within twenty-one twenty -one (21) calendar days from the date of notice by the Chargee and the Chargor / Customer shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 9.06.5 In the event the Chargor Customer and the Chargor continues to maintain the Facility, twenty-one twenty -one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.

MODIFICATION AND INDULGENCE. 9.05.1 9.06.1 The Chargee may may, subject to Xxxxxxx Xxxxxxxxx, at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:-with the consent of the Customer:- (a) determine vary or increase any credit or other facility granted to the Chargor Customer and may open or continue any account or accounts (or both) with the Chargor Customer at any branch or branches of the Chargee, in accordance with the provisions in Clauses 9.05.29.06.2, 9.05.39.06.3, 9.05.4 9.06.4 and 9.05.59.06.5; (b) grant to the Chargor and/or the Customer any time or indulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have from or against the ChargorChargor and/or the Customer; (d) enter into any deed of composition with the ChargorChargor and/or the Customer; (e) vary the number and or the amount of the Instalments or the Instalment Payment Dates (in which case, prior notice of seven (7) calendar days is to be given by the Chargee). 9.05.2 9.06.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 9.06.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/or (f) notice by any other means as the Chargee deems fit and acceptable to the Chargor. 9.05.4 9.06.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same within twenty-one (21) calendar days from the date of notice by the Chargee and the Chargor / Customer shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 In the event the Chargor and the Chargor continues to maintain the Facility, twenty-one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.

MODIFICATION AND INDULGENCE. 9.05.1 9.06.1 The Chargee may may, subject to Xxxxxxx Xxxxxxxxx, at any time with prior notice and without in any way affecting the security hereby created subject to Xxxxxxx’s consent:-with the consent of the Customer: - (a) determine vary or increase any credit or other facility granted to the Chargor Customer and may open or continue any account or accounts (or both) with the Chargor Customer at any branch or branches of the ChargeeChargee , in accordance with the provisions in Clauses 9.05.29.06.2, 9.05.39.06.3, 9.05.4 9.06.4 and 9.05.59.06.5; (b) grant to the Chargor and/ or the Customer any time or indulgence; (c) deal with, exchange, release or modify or abstain from perfecting or enforcing any security or other guarantee or right it may now or at any time hereafter or from time to time have hav e from or against the ChargorChargor and/ or the Customer; (d) enter into any deed of composition with the ChargorChargor and/ or the Customer; (e) vary the number and or the amount of the Instalments or the Instalment Payment Dates (in which case, prior notice of seve n (7) calendar days is to be given by the Chargee). 9.05.2 9.06.2 For the purposes of compliance to any new legislation applicable to the Chargee / changes in law / any new guidelines issued by BNM, the Chargee shall be entitled to amend any of the terms and conditions con ditions of this Charge through: (a) display of the amended terms and conditions in the Chargee’s branches; and/orand/ or (b) uploading the amended terms and conditions on the Chargee’s website. 9.05.3 9.06.3 The Chargor agrees that the Chargee may provide notice of the amendment of the terms and conditions of this Charge through any one / more of the following means: (a) notice on the notice board / any conspicuous section of the Chargee’s branches; (b) notice on the display screen of the Chargee’s electronic terminalst erminals; (c) notice on the Chargee’s website; (d) notice in the periodic statement of account sent to the Charge (if applicable); (e) notice in writing in the Chargee’s preferred format to the Chargor’s address as per the Chargee’s records; and/orand/ or (f) notice by any other means as the Chargee deems fit and acceptable to the Chargor. 9.05.4 9.06.4 Subject to this Charge, if the Chargor is not agreeable to the amended terms and conditions of this Charge, the Chargor shall notify the Chargee in writing of the same s ame within twenty-one (21) calendar days from the date of notice by the Chargee and the Chargor shall redeem the Facility by paying the Indebtedness and all sums dues to the Chargee in full. 9.05.5 In the event the Chargor and the Chargor continues to maintain the Facility, twenty-one (21) calendar days after the notice of any amendment to the terms and conditions of this Charge by the Chargee, the Chargor shall be deemed to have accepted the amendments to the terms and conditions of this Charge.twenty -one