Common use of MORTGAGE REDUCING TERM TAKAFUL Clause in Contracts

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Bank, the Customer shall take up and maintain a takaful plan or a Mortgage Reducing Term policy under a takaful mortgage plan as the Bank may in its absolute discretion decide or any other takaful plan guaranteeing the payment of the Indebtedness by the Customer to the Bank with a takaful company approved by the Bank.

Appears in 2 contracts

Samples: Master Facility Agreement, Master Facility Agreement

AutoNDA by SimpleDocs

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Bank, the Customer and/or the Assignor shall take up and maintain a takaful plan policy or a Mortgage Reducing Term policy under a takaful mortgage plan as the Bank may in its absolute discretion decide or any other takaful plan policy guaranteeing the payment of all the Indebtedness by the Customer to the Bank with a takaful company approved by the BankIndebtedness.

Appears in 1 contract

Samples: Deed of Assignment

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

Appears in 1 contract

Samples: Property Sale Agreement

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Bank, the Customer shall take up and maintain a takaful plan or a Mortgage Reducing Term mortgage reducing term policy under a takaful mortgage plan as the Bank may in its absolute discretion decide or any other takaful plan guaranteeing the payment of the Indebtedness Selling Price by the Customer to the Bank with a takaful company approved by the Bank.

Appears in 1 contract

Samples: Property Sale Agreement

AutoNDA by SimpleDocs

MORTGAGE REDUCING TERM TAKAFUL. Whenever required by the Bank, the Customer shall take up and maintain a takaful plan Takaful Policy or a Mortgage Reducing Term policy Policy under a takaful mortgage plan Takaful Mortgage Plan as the Bank may in its absolute discretion decide or any other takaful plan policy guaranteeing the payment of all the Indebtedness by the Customer to the Bank with a takaful company approved by the BankIndebtedness.

Appears in 1 contract

Samples: Deed of Assignment

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!