Common use of MORTGAGE REDUCING TERM TAKAFUL Clause in Contracts

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term policy under a Takaful mortgage plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 2 contracts

Samples: Charge Agreement, Charge Agreement

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MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term policy under a Takaful / insurance mortgage plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 2 contracts

Samples: Charge Agreement, Charge Agreement

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term policy under a Takaful takaful/ insurance mortgage plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 1 contract

Samples: Charge Agreement

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing decreasing term policy under a Takaful Takaful/ Insurance Mortgage Plan or life assurance policy or a mortgage plan decreasing term policy under a Takaful/ Insurance Mortgage Plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 1 contract

Samples: Musharakah Mutanaqisah Agreement

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term policy under a Takaful takaful/ insurance mortgage plan as the Chargee may in its absolute discretion decide deci de or any other policy guaranteeing the payment of the Indebtedness.

Appears in 1 contract

Samples: Property Financing Agreement

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MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term policy under a Takaful Takaful/ insurance mortgage plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 1 contract

Samples: Charge Agreement

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Chargee, the Chargor shall take up and maintain a mortgage reducing term takaful policy or a Mortgage Reducing Term policy under a Takaful takaful mortgage plan as the Chargee may in its absolute discretion decide or any other policy guaranteeing the payment of the Indebtedness.

Appears in 1 contract

Samples: Charge Agreement

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