UTILISATION OF PROCEEDS. The proceeds from the Sale will be used for working capital of SDBH.
UTILISATION OF PROCEEDS. The Company intends to utilise the Total Entitlement in the following manner:- (RM) Estimated utilisation timeframe from receipt of Total Entitlement Redemption of the Property 27,500,000-00 Immediate Repayment of deposit for cancellation of Second SPA (hereinafter defined) Repayment of loan 24,000,000-00 500,000-00 Immediate Immediate Total 52,000,000-00
UTILISATION OF PROCEEDS. The total cash proceeds from the Proposed Disposal of RM56,089,234 is expected to be utilised for the working capital, initial capital outlay for new land acquisition and/or payment for joint venture arrangement and/or repayment of bank borrowings of Ivory Group within six (6) months from the Completion Date (as defined in Paragraph 7.2.2 below). The exact manner in which the proceeds is going to be utilised is yet to be determined as at now.
UTILISATION OF PROCEEDS. Upon Completion, the proceeds from the sale of the Put-Option Shares of USD20.0 million (equivalent to RM89.51 million) are intended to be utilised as follows:- Proposed utilisation of proceeds RM‟000 (i)Estimated timeframe for utilisation Repayment of existing borrowings (ii)67,133 Within 12 months General working capital purposes (iii)21,877 Within 12 months Estimated expenses for the Proposed Settlement Agreement (iv)500 Within 3 months Total 89,510 Notes:
UTILISATION OF PROCEEDS. The cash proceeds of RM510,000.00 arising from the Proposed Disposal will be utilised by the Company for its working capital requirements and/or general corporate purposes.
UTILISATION OF PROCEEDS. The proceeds from the Proposed Disposal will be utilised to meet the ULHB Group’s working capital requirements.
UTILISATION OF PROCEEDS. The proceeds to KUBMA will be utilised to settle its bank borrowings and reduce other debts, whilst the proceeds to KUBS will be used for operational requirements.
UTILISATION OF PROCEEDS. The proceeds from the Disposal Consideration would be repatriated to Malaysia to pare down Group borrowings after obtaining the approval from the Vietnam authority.
UTILISATION OF PROCEEDS. The Borrower shall utilise the proceeds of each Advance in accordance with the provisions of Clause 2.2 (Purpose and Application).
UTILISATION OF PROCEEDS. All moneys recovered or received by the Assignee from the enforcement of the security hereby created shall be applied by the Assignee in any manner as it shall deem fit, in satisfaction of the Indebtedness payable by the Assignor under the Facility Agreement and the surplus thereof (if any) shall be paid by the Assignee to the Assignor.
