Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.
PARTICULARS OF PROPERTY DESCRIPTION OF PROPERTY : The subject property is a service apartment unit. (DEVELOPER PARCEL NO. AS Developer’s Parcel Unit No. 05, Type: Bp1, Storey No. Level 03, Building No. Tower B, together PER ORIGINAL SPA) with one unit of Car Parking Bay, Marc Service Residence POSTAL ADDRESS OF UNIT : Unit No. B-03-05, Marc Service Residence, Xx. 0, Xxxxx Xxxxxx, 00000 Xxxxx Xxxxxx. STRATA TITLE NO / LOT NO : Geran 70500/M1/3/9, Lot 1358 Seksyen 57 TOWN / DISTRICT / STATE : Kuala Lumpur / Kuala Lumpur / Wilayah Persekutuan FLOOR AREA : 86 square metres (approximately 926 square feet) TENURE : Interest in Perpetuity VENDOR/DEVELOPER : Xxxxxxx Tower Development Sdn. Bhd. (544106-D) PURCHASERS : Xxxxx Xxxxxxxx Bin Xx Xxxxxxx & Xxxxxx Bin Xxxxx Xxxx ENCUMBRANCE : Assigned to Malayan Banking Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. CATEGORY OF LAND USE : Bangunan EXPRESS CONDITION : Pangsapuri Services STRATA TITLE : Strata Title to the property has been issued. The property will be sold on an “as is where is” basis, subject to a reserve price of RM1,110,000.00 (RINGGIT MALAYSIA ONE MILLION ONE HUNDRED AND TEN THOUSAND ONLY), subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit a sum equivalent to 10% of the fixed reserve price by bank draft or cashier’s order in favour of Malayan Banking Berhad or remit the same through online banking transfer, one (1) working day before auction date with the undermentioned Auctioneer. Bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx on the manner of payment of the deposit. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows: • 50% of the reserve price for Commercial property • 100% of the reserve price for Residential property The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90 days) from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the event such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price: The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad or by way of XXXXXX directly into the account of Malayan Banking Berhad. For further particulars, please apply to Messrs. Xxxxxx Xxxxxx & Co., Solicitors for the Assignee whose address for service at Advocates & Solicitors, 6th Floor, Wisma Kah Motor, Xx. 000, Xxxx 0 ½ , Xxxxx Xxxx, 00000 Xxxxx Xxxxxx. (Ref.: LT/MBB- 70408/OHC/KLCC/HL/22/NA/gm, Tel.: 00-0000 0000 Ext 126, Fax: 00-0000 0000) or the undermentioned Auctioneer. EHSAN AUCTIONEERS SDN. BHD. (Company No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Suite C-20-3A, Level 00, Xxxxx X, Xxxxx Xxxxxx XX, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: ALIN/MBB1395/OHC Website: xxx.xxxxxxxxxxxxxxxx.xxx, E-mail: xxxx@xxxxxxxxxxxxxxxx.xxx HP NO. : 000-0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN KEMUDAHAN, PENYERAHAN XXX XXX SURAT KUASA WAKIL KESEMUANYA BERTARIKH 19HB NOVEMBER, 2004 ANTARA MALAYAN BANKING BERHAD [196001000142 (3813-K)] ……PIHAK PEMEGANG SERAHHAK / PIHAK BANK XXX XXXXX XXXXXXXX BIN XX XXXXXXX (NO K/P.: 640121-05-5469/7208174) XXXXXX BIN XXXXX XXXX (NO K/P.: 650603-10-6387/A0132653) PIHAK PENYERAHHAK / PIHAK PEMINJAM Dalam menjalankan Kuasa xxx Xxx xxxx telah diberikan kepada Pihak Pemegang Serahhak/Pihak Bank di bawah Perjanjian Kemudahan, Penyerahan Xxx xxx Surat Kuasa Wakil kesemuanya bertarikh 19hb November, 2004 di antara Pihak Pemegang Serahhak/Pihak Bank xxx Pihak Penyerahhak/Pihak Peminjam, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Pihak Bank dengan dibantu oleh Pelelong yang tersebut di bawah:- AKAN MENJUAL HARTANAH YANG DIHURAIKAN DI BAWAH SECARA LELONGAN AWAM PADA 25HB JULAI, 2023, BERSAMAAN HARI SELASA, JAM 11.00 PAGI, SECARA PEMBIDAAN DALAM TALIAN XX XXXXX WEB
Title and Characteristics of Property Seller, as of the date of execution of this Agreement, owns the Property in fee simple and has marketable and good title of public record and, in fact, the Property at Closing shall have the title status as described in Section VIII of this Agreement.
Conditions of Property a. The property is believed and shall be taken to be correctly described and is sold subject to all express and implied conditions, restrictions in interest, easements, common rights, leases, tenancies, occupiers, encroachment, trespass, nuisance, charges, liens, caveats, covenants, liabilities, encumbrances, all public and private rights of way, support, drainage, light and all other rights or other incidents (if any) subsisting thereon without any obligation arising for the Assignee/Bank to define the same respectively and any error, mis- statement, omission or mis-description discovered in the contract shall not annul the sale nor shall any compensation be allowed by or to either party in respect thereof. The Purchaser shall be deemed to have full knowledge of the state and condition of the property.
Description of Property A narrative description of the Real Estate, the improvements thereon and the tenants and Leases relating to such Real Estate.
Identity Of Property a. The Purchaser shall admit the identity of the Property purchased with that described in the Proclamation of Sale and such other documents such as muniments offered by the Auctioneer as to the title to the Property upon the evidence afforded by the comparison of the description in the particulars and muniments respectively and with that described in the Security Documents without requiring any further proof.
Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.
Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.