Common use of Tax Clause in Contracts

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale failing which the Purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: OUTGOING Any arrears of service / maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.. DEPOSIT:

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / maintenance charges excluding including late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceedsproceeds including all interest on the late payment interest (if any), provided that the Assignee/Lender is in receipt of the itemized billing for service/maintenance charges including late penalty interest (if any) and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / maintenance charges excluding late penalty interest payment charges (if any) which may be lawfully due and payable to any relevant authority and / or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale failing which the Purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding including late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceedsproceeds including all interest on the late payment interest (if any), provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges including late penalty interest (if any) and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale sale, failing which the Purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding including late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceedsproceeds including all interest on late payment interest (if any), provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges including late penalty interest (if any) and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety (90) days from the date of the successful sale failing which the Purchaser purchaser will not be entitled entitle for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.

Tax. The sale of the subject property is subject to any such tax implemented under any law now be or hereafter imposed by Government of Malaysia whenever applicable. OUTGOING: Any arrears of service / service/maintenance charges excluding late penalty interest (if any) which may be lawfully due and payable to any relevant authority and / or and/or Developer as at the date of successful sale shall be borne by the Assignee/Lender Bank and the portion attributable up to the date of the successful sale (subject to a maximum of 10% of the Reserve Price) shall be paid out upon receipt of full auction proceeds, provided that the Assignee/Lender Bank is in receipt of the itemized billing for service/maintenance charges and statement of account issued by relevant authority and/or the Developer from the Purchaser within ninety one hundred and twenty (90120) days from the date of the successful sale sale, failing which the Purchaser will not be entitled for any claim and any sum due and payable after the date of the sale shall be borne by the Purchaser.