Upstamping Sample Clauses

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. If: (i) the Bank grants any additional financing facility at the request of the Customer; or (ii) the total monies and liabilities due and payable to the Bank shall at any time exceed the limit of the Facility for which the Security Documents have been stamped to secure, the Bank shall be at liberty at any time to upstamp this Agreement for the excess amount. Such monies paid by the Bank shall be payable on demand by the Customer. Subject to compliance with Shariah principles, the Bank shall have the right to debit any account of the Customer with the Bank for that purpose. Such monies shall be secured under the Security Documents in addition to the monies secured with the same priority and shall be subject to the applicable compensation for late payment.

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. 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. Where the Bank has agreed to provide any additional advance or credit under any of the Facilities to the Borrower such that the principal secured by this Agreement and the Security Documents shall exceed the principal sum stated in Clause 16 above, this Agreement and 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 advance or credit is made to the extent that such additional advance or credit is in excess of the principal sum stated in Clause 16 above and the Borrower shall bear the cost of any additional stamp duty as a result.

Upstamping. 74.1 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 and 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 upstamp this Agreement from the date such principal limit is exceeded. 74.2 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. Where the Bank has agreed to provide any additional advance or credit under any of the Facilities to the Customer such that the principal secured by this Agreement and the Security Documents shall exceed the principal sum stated in Clause 17 above, this Agreement and 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 advance or credit is made to the extent that such additional advance or credit is in excess of the principal sum stated in Clause 17 above and the Customer shall bear the cost of any additional stamp duty as a result. [THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK] IN WITNESS WHEREOF the parties hereto have set their hands hereunto. NRIC No. : NRIC No.: * for companies without common seal SIGNED by [director ] ) OR SIGNED by [director] ) Signed by ) CIMB ISLAMIC BANK BERHAD 1. Date of Agreement 2. Name of Customer Company/ Business Registration of Customer Registered Address of Customer 3. Date of Letter of Offer [THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 1. Where the Customer and/or the Security Party is a corporation, the Bank shall have received certified true copies of the Constitution / written confirmation duly signed by a director confirming that the corporation does not have a Constitution, Return of Allotment of Shares Form (previously known as Form 24), Notification for Change in the Registered Address (previously known as Form 44) and Notification of Change in the Register of Directors, Managers and Secretaries Form (previously known as Form 49) of the Customer and/or the Security Party, as the case may be. 2. Where the Customer and/or the Security Party is a corporation, the Bank shall have received the Customer’s Board of Directors’ Resolution authorising the entry into this Agreement, and the Security Party’s Board of Directors’ Resolution authorising the granting of the Security Document and/or Security Interest to the Bank, and any power of attorney and/or deed of empowerment ,all of which are in form and content acceptable to the Bank. 3. The letter of offer bearing the date stated in Item 3 of Schedule 1, addressed by the Bank to the Customer, shall have been duly accepted by the Customer, and the accepted letter of offer received by the Bank. 4. This Agreement and the Security Documents shall have been duly executed by or on behalf of all the parties concerned, stamped and registered with such registries as the Bank may d...

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.