Upstamping. In the event that the total monies advanced to or due and owing by the Borrower to the Bank shall at any time exceed the principal limit for which ad valorem stamp duty had been paid, this Agreement, the Security Documents or the Letter of Offer shall be upstamped with ad valorem duty to cover the excess. The stamp duty including any penalty incurred shall form part of the monies owing or payable by the Borrower and secured by this Agreement and the Security Documents.
Upstamping. Where the Bank has agreed to provide any additional financing under the Facility to the Customer such that the indebtedness secured by the Security Documents shall exceed the indebtedness stated in Section 6.02 above, the Security Documents shall for the purpose of stamp duty be deemed to be a new and separate instrument bearing date on the day on which such credit is made to the extent that such additional credit is in excess of the indebtedness stated in Section 6.02 above and the Customer shall bear the cost of any additional stamp duty as a result. Item No. Subject Mater Particulars 1 Address of Bank and Address for Service 2 Name and Address of Customer Name: NRIC No.: Residential Address: 3 Facility: a. Bank’s Purchase Price b. Bank’s Selling Price As per the Letter of Offer As per the Letter of Offer 4 Date of the Letter(s) of Offer Date: 5 Property(ies)
Upstamping. Where the Bank has agreed to provide any additional financing under the Facility to the Customer such that the indebtedness secured by the Security Documents shall exceed the indebtedness stated in Section 2.01 above, the Security Documents shall for the purpose of stamp duty be deemed to be a new and separate instrument bearing date on the day on which such credit is made to the extent that such additional credit is in excess of the indebtedness stated in Section 2.01 above and the Customer shall bear the cost of any additional stamp duty as a result. FIRST SCHEDULE Item No. Subject Matter Particulars 1 Address of Bank and Address For Service MBSB BANK BERHAD (Registration No. 200501033981)(716122-P), a company incorporated in Malaysia pursuant to the Companies Act, 2016 and having its registered office at 11th Floor, Wisma MBSB, 00 Xxxxx Xxxxxx, Xxxxxxxxx Xxxxxxx, 00000 Xxxxx Xxxxxx (“the Bank” and includes its successors in title and lawful assigns). 2 Name and Address of Customer Name: NRIC No.: Residential Address : 0 Xxxxxxxx Xxxxxx Xxxxxxx Xxxxxxxx ***** (RM*****) only 4 Date of the Letter(s) of Offer Date: 5 Property(ies)
Upstamping. 38.1 If the total moneys advanced to the Borrower or due and owing by the Borrower to the Bank shall at any time exceed the principal limit for which this Agreement or the Letter of Offer is for the time being stamped, the Bank shall have the right at any time without prior notice to the Borrower to up-stamp this Agreement from the date such principal limit is exceeded.
38.2 The cost and expenses of up-stamping this Agreement, including any penalty payable, shall form part of the moneys secured by this Agreement and the Security Documents.
Upstamping. This Agreement and the Security Documents are intended to regulate and secure any further financing to the Customer, and in the event such further financing is made by the Bank, the Bank is hereby duly authorised but not obligated to pay such additional stamp duty on this Agreement to regulate and secure such further financing at such rate as such additional financing shall attract based on the then prevailing legislations pertaining to stamp duty. Notwithstanding anything herein written, and subject to the commodity transaction to be undertaken for the additional amount the Bank shall also at liberty, at any time and from time to time, without any prior notice to the Customer, to upstamp this Agreement to secure also the excess of any Indebtedness (including all profits, fees, charges, compensation thereon) due or owing to the Bank over the Bank’s Purchase Price for which this Agreement shall for the time being be stamped and such monies paid and expended by the Bank shall form part of the moneys secured by this Agreement and the Security Documents and be payable on demand by the Customer.
Upstamping. (a) This Agreement and the Security Documents are intended to regulate and secure any further financing to the Customer, and in the event such further financing is made by the Bank, the Bank is hereby duly authorised to pay such additional stamp duty on this Agreement to regulate and secure such further financing at such rate as such additional financing shall attract based on the then prevailing legislations pertaining to stamp duty.
(b) Notwithstanding anything herein written, the Bank shall also have the right, at any time and from time to time, without any prior notice to the Customer, to upstamp this Agreement to secure also the excess of any Indebtedness due or owing to the Bank for which this Agreement shall for the time being be stamped.
(c) The cost and expenses of upstamping this Agreement, including any penalty payable, shall form part of the moneys secured by this Agreement and the Security Documents.
Upstamping. Where the Bank has agreed to provide any additional financing under the Facility to the Customer such that the indebtedness secured by the Security Documents shall exceed the indebtedness stated in Section 10.01 above, the Security Documents shall for the purpose of stamp duty be deemed to be a new and separate instrument bearing date on the day on which such credit is made to the extent that such additional credit is in excess of the indebtedness stated in Section 10.01 above and the Customer shall bear the cost of any additional stamp duty as a result. FIRST SCHEDULE Section. Subject Mater Particulars 1 Date of this Agreement 2 Address of Bank 3 Name and Address of Customer Name: NRIC No.: Residential Address : 4 Facility Amount Ringgit Malaysia (RM ) only 5 Date of the Letter(s) of Offer Date: 6 Property(ies) 7 Security Documents (a) Letter of Offer (b) this Agreement (c) For Charge of Property (For property with Individual/Strata Title) 1st Legal Charge over the Property(ies) as described in Item 6 of the First Schedule of Part A; or (d) For Assignment of Property (For property without Individual/Strata Title) Pending issuance of the individual/strata title, Deed of Assignment of the Sale and Purchase Agreement with Power of Attorney to transfer or otherwise deal with the above Property(ies) as described in Item 6 of the First Schedule of Part A; and Note: (In the case of Sarawak, the PA clause need not be incorporated in the Assignment but a blank Memorandum of Charge i.e., Charge-in-Escrow shall be executed). Subsequently, upon issuance of the individual/strata title, 1st Legal Charge (*1st/3rd Party) over the Property(ies) as described in Item 6 of the First Schedule of Part A. (e) and such other documents or security documents as the Bank or the Bank’s solicitors may advise.
Upstamping. (a) If the total moneys advanced to the Customer or due and owing by the Customer to the Chargee shall at any time exceed the principal limit for which the Facility Agreement and the Letter of Offer is for the time being stamped, the Chargee shall have the right at any time without prior notice to the Chargor to upstamp the principal instrument as referred to in Section 6 of the Schedule from the date such principal limit is exceeded and until payment shall form part of the monies secured by this Charge and the Security Documents.
(b) The Customer and/or the Chargor will pay all fees and expenses incurred in connection with the further stamping of the Facility Agreement and/or any of the Security Documents, including the Chargee 's solicitors’ fees (on a solicitor and client basis).
Upstamping. In the event that the total monies advanced to or due and owing by you to the Bank (including accrued interest, commission, banker’s charges, legal and other costs, charges and expenses) shall at any time exceed the principal limit for which this Letter of Offer is for the time being stamped, the Bank shall have the right at any time to upstamp this Letter of Offer from the date of the same having been paid or expended by the Bank and until payment shall form part of the monies secured by this Letter of Offer and the security documents.
Upstamping. In the event that the total monies advanced to or due and owing by the Borrower(s) to the Lender (including accrued interest, commission, banker's charges, legal and other costs, charges and expenses) shall at any time exceed the principal limit for which this Agreement is for the time being stamped, the Lender shall have the right at any time without prior notice or reference to the Borrower(s) to upstamp this Agreement from the date of the same having been paid or expended by the Lender and until payment shall form part of the monies secured by this Agreement and the Security Documents.
