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DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS

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Permas Jaya Law Firm, Johor Bahru Malaysia

Selangor, Kuala Lumpur and Johor Law Firm - Different between discharge of charge and deed of receipt and reassignment

Different between discharge of charge and deed of receipt and reassignment.

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STAMP DUTY EXEMPTION IN MALAYSIA

deed of assignment lppsa

Authored by Dylan Chong . You may email him at [email protected]

Table of Contents

Stamp Duty for Memorandum of Transfer

Stamp Duty is imposed on the instrument to transfer such as property and share. The instrument of transfer can be the share transfer form or Memorandum of Transfer.

The stamp duty assessment will be based on the value of the property. For example, based on the Stamp Duty Act 1949 (Act 378), Item 32 of Schedule 1, the stamp duty imposed on the Memorandum of Transfer is as follow:

Stamp Duty Exemption on Memorandum of Transfer

In the latest Stamp Duty (Exemption) Order 2021 [P.U.(A) 53] on  instrument of transfer  such as  Memorandum of Transfer (MOT) .

This Order comes into force on 01.01.2021.

The buyer will be entitled for a stamp duty exemption for the MOT and only need to pay a nominal fee of RM10 provided:

  • Sale and purchase agreement signed on or after 01.01.2021 and not later than 31.12.2025
  • Apply to one (1) unit of residential property only;
  • the buyer or acquirer never inherit any property by way of inheritance or gift
  • apply only to residential property which is either a condominium, apartment or a flat obtained for purposes as a dwelling house
  • does not apply to service apartment, SOHO, SOVO, SOFO
  • the individual has to be a Malaysia citizen (Permanent Resident not entitled)  

Stamp duty on Loan Documentation

Borrower will need to check two things, what is the payable stamp duty for loan sum borrower and also the exemption involved (if any).

The general rule is that, stamp duty assessable on loan amount excluding the insurance coverage (MRTA or MRTT). The formula is loan sum x 0.5% 

Example: RM550,000 (include MRTA RM50,000)

RM550,000 – RM500,000 = RM50,000 (MRTA sum)

RM500,000 x 0.5% = RM2,500

The total stamp duty payable on the loan sum is RM2,500

Exemption under the stamp duty payable on the loan sum

The latest Stamp Duty (Exemption) (No. 2) Order 2021 [P.U.(A) 54] on  loan documentation  allows for exemption on the stamp duty payable on loan documentation.

The requirement to be fulfilled are as follow:

  • Sale and Purchase Agreement (SPA) signed on 01.01.2021 and not later than 31.12.2025;
  • the individual (buyer/acquirer) has never owned any residential property via inheritance or gift by family member or etc
  • residential property refers to condominium unit, apartment, flat obtained for purposes as a dwelling house
  • the individual must be a Malaysian (Permanent Resident not entitled)

The individual has to affirm a statutory declaration confirming that he has never owned any residential property as per (3) above mentioned.

Stamp Duty applicable on the transfer from parent to children

The law on the stamp duty governing the transfer of immovable property from parent to children and vice versa is governed under the Stamp Duty (Remission) (No. 2) Order 2019 [P.U. (A) 369). 

This Order comes into force on 01.01.2020.

This Order allows for 50% remission on any stamp duty assessed upon the value of the property when it involves a transfer from parent to children, or vice versa from children to parent.

This Order recognizes step children and also adopted children pursuant to the Adoption Act 1952 or Adoption Ordinance 1960 (in the state of Sabah) or Adoption Order 1958 (Sarawak Cap 91).

This does not apply to a transfer among sibling, or from grandchildren to grandparent. The law only recognizes direct lineage of the family tree.

Stamp Duty for the transfer among spouses/ husband to wife

The Stamp Duty (Exemption) (No. 10) Order 2007 [P.U. (A) 420/2007] allows for full 100% exemption on any transfer  inter vivos ( transfer during lifetime) between a husband and wife.

This Order comes into force on 08.09.2007.

Stamp Duty for residential property purchased under House Ownership Campaign (HOC)

There are respectively two full exemptions given under the HOC stamp duty exemption:

  • loan documentation stamp duty
  • memorandum of transfer 

The requirements are:

  • the value is more than RM300,000 to RM2,500,000
  • the sale and purchase agreement is signed between individual and a property developer
  • the developer’s project has to have a 10% discount and registered with the real estate association (REHDA, SHAREDA, SHEDA).
  • the sale and purchase agreement is signed between 01.06.2020 and has been further extended to 31.12.2021
  • the residential property refers to a house, condominium, apartment or flat used for purposes as a dwelling house includes service apartment, small office home office (SOHO) which has obtained approval under the Housing Development (Control and Licensing) Act 1966, or No. 24 of 1978 for Sabah, or Cap 69 for Sarawak
  • individual must be Malaysian Citizen (Permanent resident is not entitled)

For the stamp duty of MOT under HOC, the first RM1,000,000 is exempted. However, any value exceeded RM1,000,000 will be assessed on a 3% rate. [see P.U. (A) 217]

Stamp Duty on Rent to Own Scheme

The law applicable is the Stamp Duty (Exemption) (No. 4) Order 2019 [P.U. (A) 394]. It applies to any instrument of transfer entered into between the transferor and transferee under a rent to own scheme.

The requirement is as follow:

  • property value not exceeding RM500,000 (based on the SPA purchase price)
  • sale and purchase agreement executed between 01.01.2020 until 31.12.2022
  • SPA to be stamped
  • the rent to own agreement to be signed between the individual and the financial institution is on or after 01.01.2020 and not later than 31.12.2022.
  • the individual has never owned any residential property by way of inheritance or gift

Rent to Own scheme is offered under existing financial institution such as Maybank. It is termed as “HouzKEY”.

What does Houzkey provides:

  • borrower no need to pay down payment for the developer’s unit
  • Houzkey offers 100% financing to cover down payment
  • low monthly payment upon receiving vacant possession to enjoy the best rates (usually at 2.7%)
  • the purchaser is given option to sell off the house purchased after 5 years.
  • It is based on ijarah concept (leasing agreement) with Houzkey

Stamp Duty applicable on loan and instrument of transfer for LPPSA

The applicable law is Stamp Duty (Exemption) Order 2017 [P.U.(A) 40] which came into force on 01.01.2017.

It applies to all instrument executed in relation to any home financing facility under the Public Sector Home Financing Board Act 2017 [Act 767]. In Malay, it is known as LPPSA or Lembaga Pembiayaan Perumahan Sektor Awam.

It refers to all stamp duty payable for loan documentation and Memorandum of Transfer to be entitled for 100% exemption. 

Stamp Duty payable for the transfer by way of Probate

There are two situations:

  • transfer to the beneficiary –  to pay RM10 stamp duty or nominal stamp duty under Item 32(i) of the First Schedule of the Stamp Act 1949 (Act 378)
  • transfer to a third party/buyer under Order for sale –  to pay ad valorem stamp duty under Item 32(a), First Schedule of the Stamp Act 1949 (Act 378)

see also: https://jc-law.my/applying-for-letters-of-administration-in-malaysia/

see also: https://jc-law.my/wills-drafting/

Stamp Duty for a direct transfer case – involved perfection of title

This situation involved two scenarios:

Scenario 1 – Property with title (but with restriction in interest)

  • property with restriction in interest would need to get the developer’s confirmation on whether they agree for a direct transfer or not
  • in most cases, developer would reject the approval for a direct transfer
  • the owner will have to get it transfer from the developer to them and to pay the stamp duty.
  • If there is a buyer, the owner has to transfer to the buyer and the buyer has to bear the second stamp duty assessed.

Scenario 2 – Property with title (with no restriction interest)

  • for property with no restriction, usually freehold property
  • the owner may write in to the developer to get confirmation for direct transfer
  • this way, the stamp duty payable is one time directly from developer to the buyer (skip the owner)
  • however, the owner may need to pay administrative fee fixed by the developer

Authored by Dylan Chong

The contents of this publication are given as general information for reference purposes only and do not constitute the firm’s legal advice. For any specific matter or legal issue, please do not rely on this publication but make sure to consult a legal adviser. We would be delighted to answer your questions, if any.

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Selangor, Kuala Lumpur and Johor Law Firm - Deed of receipt and reassignment in Malaysia by the lawyer

Deed of receipt and reassignment in malaysia.

Deed of Receipt and Reassignment is to be treated as the same process as Discharge of Charge except that this will not include the redemption of Original Title from the Bank. This is because when the Purchaser/Borrower bought the property, the Individual Title or Strata Title is yet to be issued so they will use Deed of Assignment by way of security in order to protect the beneficial interest of the Bank for the assistance given to the Purchaser/Borrower in purchasing the property. Normally, the Purchaser/Borrower will signed the Deed of Assignment documents together with Power of Attorney upon receiving the loan from the bank. These documents worked as a protection for the Bank to sign the Perfection of Charge documents on behalf of the Purchaser/Borrower (if the Purchaser/Borrower is missing or do not have money to pay the fees) once the Individual or Strata Title has been issued. Therefore, once the Purchaser/Borrower already signed this Deed of Receipt and Reassignment documents, it can be a proof that the Purchaser/Borrower already settled the repayment of the housing loan with the bank and the Power of Attorney given to the Bank earlier will also be revoked. Most importantly, once the Individual Title or Strata Title has been issued later, the Purchaser/Borrower must prove to the Perfection of Transfer’s solicitor that the loan is fully settled by showing this Deed of Receipt and Reassignment documents and Perfection of Charge should not be done anymore. As a result, upon the registration of the Purchaser’s name on the Title by Perfection of Transfer, the Purchaser/Borrower can collect the Original Title for their safekeeping and don’t have to forward the same to the Bank anymore. • Basic process for Deed of Receipt and Reassignment 1. Deed of Receipt and Reassignment documents signed by Purchaser/Borrower 2. Deed of Receipt and Reassignment signed by Bank 3. Stamp relevant documents at LHDN 4. Revoke Power of Attorney at High Court 5. Purchaser/Borrower can collect all Original Documents for their safekeeping • Documents needed for Deed of Receipt and Reassignment:- 1. Identity card of Purchaser/Borrower 2. Prove of settlement of the housing loan from the Bank (if any) 3. Other relevant documents • What type of property under Deed of Receipt and Reassignment - master title property Disclaimer All data and information provided on this site are for informational purposes only. HS LIM & CO makes no representations as to the accuracy, correctness, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. If you are in any doubt, please contact us for further information.

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ASCO LAW  |  AKMAL SAUFI & CO Advocates & Solicitors

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AKMAL SAUFI & CO | Advocates & Solicitors

Perkara anda perlu lakukan apabila sudah habis bayar hutang rumah.

Akmal Saufi Mohamed Khaled

NUR KHALIS JOHAR AMIN

Last updated

16 Jun 2021

deed of assignment lppsa

Ramai yang ingat apabila sudah habis bayar pinjaman / pembiayaan rumah dengan Bank, urusan gadaian Hartanah sudah pun selesai secara otomatik tetapi itu adalah kesilapan yang sangat besar.

Ada satu lagi langkah wajib yang anda perlu lakukan untuk memastikan Hartanah anda dilepaskan daripada gadaian kepada Bank, iaitu proses pelepasan gadaian.

Sebenarnya melalui proses pelepasan gadaian, barulah anda akan dapat salinan asal geran / hakmilik asal rumah untuk simpanan anda sendiri.

Anda mungkin juga ada terfikir, “Rumah aku tiada geran. Jadi, rasanya tak perlu lah buat urusan pelepasan gadaian ni. Kalau geran nanti Pemaju dah keluarkan, boleh minta terus sajalah geran daripada Pemaju.”

Jika anda fikir begini, anda juga masih salah kerana walaupun rumah masih belum keluar geran / hakmilik, Pemaju akan mengenakan pra-syarat iaitu anda perlu kemukakan Suratikatan Pelepasan dan Penyerahhakkan Semula atau ‘Deed of Receipt and Reassignment’ (‘DRR’) sebagai bukti penyelesaian pinjaman Bank sebelum Pemaju melepaskan hakmilik strata kepada anda.

Secara am, dalam artikel ini kami ingin membantu anda untuk memahami perkara-perkara berikut:

Apakah yang perlu anda lakukan jika sudah habis bayar hutang rumah dengan Bank?

Kenapa anda kena lantik peguam?

Adakah anda perlu lantik panel peguam Bank bagi proses pelepasan gadaian?

Apakah proses yang akan dijalankan oleh peguam?

Berapa lama tempoh keseluruhan proses pelepasan gadaian?

Berapa anggaran kos pelepasan gadaian?

Bagaimana pula dengan pelepasan gadaian melibatkan penjawat awam dengan LPPSA?

Apa yang perlu anda lakukan jika anda sudah membuat penyelesaian pinjaman / pembiayaan dengan Bank?

Jawapan mudahnya adalah anda perlulah melantik peguam.

Peguam yang dilantik akan mengendalikan proses pelepasan gadaian untuk dan bagi pihak anda daripada awal sehingga akhir.

Anda mungkin akan tertanya-tanya “Kenapa saya kena lantik peguam? Bukankah saya dah habis bayar? Lepaskan saja lah geran itu kepada saya. Tak boleh ke saya buat sendiri?”

Jawapannya, tidak.

Pihak Bank tidak lagi akan melepaskan geran / hakmilik rumah terus kepada Peminjam bagi mengelakkan berlakunya kes-kes berikut:

Peminjam menangguh-nangguhkan proses pelepasan gadaian sehingga bertahun-tahun lamanya; dan

Peminjam menghilangkan dokumen geran / hakmilik rumah tersebut sebelum pelepasan gadaian dibuat dan kesemua pihak terpaksa mengeluarkan kos yang lebih tinggi untuk membuat permohonan gantian geran / hakmilik yang telah hilang tersebut.

Lebih buruk lagi apabila Peminjam telah meninggal dunia dan tidak memaklumkan kepada waris-warisnya akan kedudukan dokumen sekuriti Bank yang disimpan oleh Peminjam sehingga menyukarkan proses turunmilik pesaka oleh waris-waris kepada Peminjam.

Bagi transaksi yang melibatkan DRR pula, kebanyakan Bank tidak mempunyai templat DRR yang standard. Oleh itu, pelantikan peguam adalah penting bagi membantu untuk menderaf dokumen DRR tersebut bagi tujuan tandatangan oleh pihak Bank.

Atas sebab-sebab di atas, kini pihak Bank telah mewajibkan Peminjam untuk melantik peguamcara dahulu bagi mengendalikan dan menyempurnakan proses pelepasan gadaian.

Adakah saya perlu melantik panel peguam Bank juga untuk proses pelepasan gadaian ini?

Kebanyakan Bank tidak ada menetapkan syarat Peminjam wajib menggunakan panel peguam mereka bagi tujuan pelepasan gadaian ini. Jadi, anda mempunyai pilihan untuk melantik mana-mana peguam pilihan anda untuk mengendalikan proses pelepasan gadaian ini.

Apa yang peguam akan lakukan?

Apabila anda sudah melantik peguam pilihan anda, anda perlu mengemukakan kepada peguam anda dokumen-dokumen berikut untuk tindakan penyediaan dokumen pelepasan gadaian oleh peguam anda:

1. Salinan Kad Pengenalan Pembeli dan Peminjam (jika Peminjam dan Pembeli adalah individu berbeza);

2. Salinan pendua Perjanjian Jual Beli rumah; dan

3. Salinan Surat Tawaran Pinjaman Bank beserta kesemua Perjanjian Pinjaman Bank (contoh: Facilities 

Agreement, Deed of Assignment, Property Sale Agreement, Property Purchase Agreement dan sebagainya).

Selepas peguam menerima dokumen-dokumen di atas, peguam akan menyemak dokumen anda untuk menentukan apakah jenis dokumentasi yang pihak peguam akan sediakan.

Jangan risau jika dokumen-dokumen di atas tiada dalam simpanan anda, maklum sahaja dengan peguam anda dan beliau akan membimbing anda bagi langkah-langkah seterusnya.

Bagi rumah yang sudah mempunyai geran / hakmilik individu (kebiasaannya melibatkan rumah teres) atau geran / hakmilik strata (kebiasaannya melibatkan apartment / kondominium / townhouse / strata landed development), proses yang terlibat dipanggil sebagai ‘Discharge of Charge’ atau pelepasan gadaian menggunakan Borang Melepaskan Gadaian (Borang 16N) di bawah Kanun Tanah Negara.

Peguam anda akan terlebih dahulu membuat carian ke atas Hartanah anda bagi menyemak rekod gadaian di atas Hartanah tersebut. 

Selepas itu, peguam anda akan menyediakan Borang 16N berdasarkan maklumat rekod gadaian dalam carian hartanah tersebut dan memajukan dokumen-dokumen tersebut kepada pihak Bank bagi tujuan tandatangan oleh pihak Bank.

Bagi rumah yang belum lagi mempunyai hakmilik individu atau strata, proses yang terlibat dipanggil sebagai ‘Deed of Receipt and Reassignment’ atau dalam Bahasa Malaysia di panggil Suratikatan Pelepasan dan Penyerahhakkan Semula (‘DRR’).

Peguam anda akan menyediakan dokumen DRR berdasarkan semakan ke atas perjanjian pinjaman anda dengan Bank tersebut dan menetapkan tarikh temujanji dengan anda bagi tujuan tandatangan dokumen DRR tersebut.

Selepas anda telah menandatangani dokumen DRR tersebut, peguam akan memajukan dokumen DRR tersebut kepada pihak Bank bagi tujuan tandatangan oleh pihak Bank.

Selepas pihak Bank telah menandatangani Borang 16N dan dokumen DRR tersebut, pihak Bank akan mengembalikan dokumen tersebut bersama-sama dengan dokumen sekuriti yang lain kepada peguam bagi tujuan penyeteman di Pejabat Duti Setem yang berkenaan.

Selepas urusan penyeteman selesai, peguam akan membuat perserahan pendaftaran Borang 16N atau dokumen DRR masing-masing di Pejabat Tanah atau Mahkamah Tinggi yang berkenaan.

Selepas urusan pendaftaran selesai, pihak Pejabat Tanah akan mengeluarkan geran / hakmilik yang baru di mana rekod gadaian kepada Bank telah dikeluarkan bersama-sama dengan pendua gadaian yang telah dibatalkan manakala bagi dokumen DRR pula, Mahkamah Tinggi akan mengembalikan dokumen DRR yang telah didaftarkan bersama-sama dengan Surat Kuasa Wakil yang telah dibatalkan.

Dengan pengembalian geran / hakmilik yang baru atau dokumen DRR yang telah didaftarkan, urusan proses pelepasan gadaian bagi Hartanah anda telah selesai. 

Sila pastikan supaya peguam menyerahkan kepada anda kesemua dokumen sekuriti yang berkaitan untuk tujuan simpanan anda.

Bagi hartanah yang belum keluar hakmilik individu / strata, anda haruslah menyimpan selamat dokumen DRR yang telah didaftarkan bersama-sama keseluruhan dokumen sekuriti pinjaman lain yang telah diserahkan oleh peguam kepada anda.

Ini adalah kerana dokumen tersebut adalah dokumen penting untuk membuktikan anda telah menyelesaikan pinjaman dengan pihak Bank. Jika dokumen tersebut hilang, ia akan menyukarkan proses jual beli / tukar milik Hartanah anda di masa hadapan kerana dokumen tersebut tidak boleh diganti.

Keseluruhan tempoh proses pelepasan gadaian kebiasaannya hanya akan mengambil masa selama 1 ½ bulan sehingga 2 bulan dan ia juga bergantung kepada:

Berapa lama tempoh yang diambil oleh pihak Bank untuk menandatangani dokumen pelepasan gadaian dan memulangkannya kepada peguam; dan

Berapa lama tempoh yang diambil oleh pihak Pejabat Tanah / Mahkamah Tinggi untuk memproses dan mengeluarkan hakmilik asal yang baru / dokumen DRR yang telah didaftarkan.

Berapa kos yang perlu saya keluarkan bagi melaksanakan proses pelepasan gadaian ini?

Anggaran keseluruhan kos guaman dan perbelanjaan bagi proses pelepasan gadaian adalah di bawah RM1,000.00. Kos mungkin berbeza bergantung kepada latar belakang kes anda.

Anda boleh semak anggaran keseluruhan kos bagi proses pelepasan gadaian yang dikendalikan oleh pihak kami.

Bagaimana pula dengan penjawat awam yang meminjam dengan Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA)?

Pada kebiasaannya, bagi kes melibatkan pelepasan gadaian daripada LPPSA melibatkan Borang 16N (Hartanah yang sudah ada geran / hakmilik), pihak LPPSA akan menyerahkan kepada Peminjam apabila pembiayaan telah disahkan selesai.

Bagi Hartanah yang mempunyai hakmilik individu / strata, pihak LPPSA akan mengembalikan dokumen berikut:

1. Suratan Hakmilik Asal Hartanah;

2. Pendua Gadaian (Borang 16A);

3. Borang Melepaskan Gadaian (Borang 16N) yang telah ditandatangani oleh pihak LPPSA dan disaksikan oleh peguam;

4. Borang 30A (Borang Pendaftaran Peletakhakkan) (jika berkenaan); dan

5. Surat Penarikan Balik Kaveat Pendaftar (jika berkenaan).

Bagi Hartanah yang di bawah Hakmilik Induk (belum ada hakmilik individu / strata), pihak LPPSA akan mengembalikan dokumen berikut:

1. Suratikatan Penyerahan Hak / ‘Deed of Assignment’;

2. Perjanjian Pinjaman / ‘Loan Agreement’ / ‘Property Sale Agreement’ / ‘Property Purchase Agreement’;

3. Suratikatan Pelepasan dan Penyerahanhak Semula / ‘DRR’; dan

4. Surat Penarikan Balik Kaveat Pendaftar (jika berkenaan).

Pada kebiasaannya, pihak LPPSA akan menghantar dokumen-dokumen di atas secara terus kepada Peminjam di alamat terakhir surat-menyurat yang diketahui oleh pihak LPPSA.

Oleh itu, adalah tanggungjawab anda untuk memastikan supaya dokumen pelepasan gadaian tersebut diterima dengan selamat. Jika anda tidak menerima dokumen pelepasan gadaian tersebut walaupun anda telah lama menyelesaikan pembiayaan anda, sila semak dengan pihak LPPSA untuk mengetahui status penyerahan dokumen pelepasan gadaian tersebut.

Apabila anda telah menerima dokumen tersebut, anda perlulah membaca dengan teliti setiap arahan dalam surat iringan LPPSA tersebut. Jika anda tidak pasti tentang apa yang perlu dilakukan, sila dapatkan nasihat guman daripada peguam yang bertauliah.

Kebiasannya, dokumen pelepasan gadaian tersebut perlu diindorskan dengan pengecualian duti setem kerana dokumentasi pinjaman daripada LPPSA telah dikecualikan daripada duti setem di bawah Perintah Pengecualian Duti Setem 2007 (PUA 40/2007).

Selepas pengindorsan pengecualian duti setem dibuat di Pejabat Duti Setem yang berdekatan dengan anda, anda perlu membuat penyerahan pendaftaran atau pemfailan di Pejabat Tanah atau Mahkamah Tinggi yang berkenaan.

Perlu diingat bahawa urusan penyerahan pendaftaran pelepasan gadaian ini hendaklah dilakukan dengan kadar segera (sekurang-kurangnya dalam tempoh 3 bulan daripada tarikh penerimaan) kerana jika anda menangguhkan urusan tersebut melebihi tempoh 3 bulan daripada tarikh penerimaan, surat wakil kuasa LPPSA yang menandatangani dokumen pelepasan gadaian tersebut mungkin telah dibatalkan dan dalam keadaaan sedemikian, dokumen pelepasan gadaian yang baru perlu disediakan semula bagi tujuan tandatangan oleh wakil kuasa LPPSA yang baru.

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Page 1: Joint Deed of Assignment - lppsa.gov.my · PDF filejoint deed of assignment (by way of security) ... joint assignees’ right to commence foreclosure and legal

LPPSAi_JDOA_1.2018

NO.RUJUKAN FAIL:

Dated this day of 20

B E T W E E N

THE PERSON STATED UNDER SECTION 1 OF THE FIRST SCHEDULE HERETO (“ASSIGNOR”)

LEMBAGA PEMBIAYAAN PERUMAHAN SEKTOR AWAM

(THE PUBLIC SECTOR HOME FINANCING BOARD)

THE FINANCIER INSTITUTIONS STATED UNDER SECTION 2 OF THE FIRST SCHEDULE HERETO (“JOINT ASSIGNEES”)

*****************************************************************************************************

JOINT DEED OF ASSIGNMENT (BY WAY OF SECURITY)

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Table of Contents

1. DEFINITIONS AND INTERPRETATIONS…………………………………………………………

2. ABSOLUTE ASSIGNMENT …………………………………………………………………………

3. AGREEMENTS BETWEEN THE JOINT ASSIGNEES ………………………………………….

4. REPRESENTATIONS AND WARRANTIES ………………………………………………………

5. EVENTS OF DEFAULT ……………………………………………………………………………...

6. CROSS DEFAULT ………………………………………………………………….………………..

7. JOINT ASSIGNEES’ RIGHT TO COMMENCE FORECLOSURE AND LEGAL PROCEEDINGS CONCURRENTLY ……………………………………………………………….

8. APPLICATION OF PROCEEDS ……………………………………………………………………

9. CUSTODY OF DOCUMENT OF TITLE…………………………………………………………….

10. COVENANTS ……………………………………………………………………………..................

11. POWER OF ATTORNEY ……………………………………….…………………………………...

12. TAKAFUL PLAN/INSURANCE POLICY ON THE PROPERTY..............................................

13. AGREEMENT IN FORCE ………………………………………………………….........................

14. ASSIGNMENT ………..………………………………………………………………………………

15. LIEN AND OTHER SECURITIES NOT AFFECTED …..…………………………………………

16. MODIFICATION AND INDULGENCE………………………………………………………………

17. COSTS AND STAMP DUTY…………………………………………………………………………

18. DISCHARGE OF SECURITY……………………………………………………………................

19. COMPULSORY ACQUISITION…………………………………………………………................

20. SERVICE OF NOTICE/LEGAL PROCESS………………………………………………………..

21. SUCCESSORS BOUND………………………………………………………………….................

22. INVOLUNTARY LOSS.............................................................................................................

23. DECLARATION FOR THE FACILITY………………………………………………………………

24. TIME………………………………………………………..............................................................

25. SEVERABILITY………………………………………………………............................................

26. DISCLOSURE………………………………………………………............................................... 22

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27. INDEMNITY………………………………………………………...................................................

28. WAIVER………………………………………………………........................................................

29. APPLICABLE LAW………………………………………………………......................................

30. NON-CONTRAVENTION OF THE MALAY RESERVATION ENACTMENT/ LAND CODES ……………………………………………………….........................................................

31. PERSONAL DATA PROTECTION ACT 2010…………………………………………………….

32. RECONSTRUCTION OF THE JOINT ASSIGNEES ……………………………………………..

33. CHANGES IN CIRCUMSTANCES………………………………………………………………….

34. ILLEGALITY………………………………………………………..................................................

35. CUMULATIVE REMEDIES………………………………………………………...........................

36. EXPENDITURE INCURRED BY THE JOINT ASSIGNEES FOR AND ON BEHALF OF THE ASSIGNOR………………………………………………………...........................................

37. VARIATION OF TERMS………………………………………………………...............................

38. EFFECTIVE DATE………………………………………………………........................................

39. FORCE MAJEURE……………………………………………………….......................................

40. CERTIFICATE OF INDEBTEDNESS……………………………………………………………….

41. ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS…………………………………..

42. ASSIGNOR AS PRINCIPAL DEBTOR……………………………………………………………..

43. INDEPENDENT LEGAL ADVICE…………………………………………………………………...

44. PRIORITY OF DOCUMENTATION…………………………………………………………………

45. CUSTODY OF ASSIGNMENT………………………………………………………………………

46. SECONDARY INSTRUMENT……………………………………………………………………….

EXECUTION PAGE

ATTESTATION

FIRST SCHEDULE

ACKNOWLEDGEMENT TO ASSIGNMENT BY THE PROPRIETOR

ACKNOWLEDGEMENT TO ASSIGNMENT BY THE DEVELOPER

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JOINT DEED OF ASSIGNMENT

(BY WAY OF SECURITY)

THIS JOINT DEED OF ASSIGNMENT (hereinafter referred to as “this Assignment”) is made between:

(i) the party(ies) whose name and description are stated in Section 1 of the First Schedule hereto

(hereinafter referred to "the Assignor") of the first part; AND

(ii) (a) LEMBAGA PEMBIAYAAN PERUMAHAN SEKTOR AWAM (THE PUBLIC SECTOR

HOME FINANCING BOARD), a statutory body incorporated in Malaysia under the Akta

Lembaga Pembiayaan Perumahan Sektor Awam 2015 (Public Sector Home Financing

Board Act 2015), with its address at Perbendaharaan Malaysia, No. 9, Kompleks

Kementerian Kewangan, Persiaran Perdana, Presint 2, Pusat Pentadbiran Kerajaan

Persekutuan, 62592 Putrajaya (hereinafter referred to "the Assignee 1"); and

(b) the financial institution which name and descriptions are stated in Section 2 of the First

Schedule hereto (hereinafter referred to "the Assignee 2");

of the second and last part. The Assignee 1 and the Assignee 2 shall hereinafter collectively be

referred to “the Joint Assignees”).

A. The customer whose particulars as provided in the LPPSA Property Sale Agreement (as defined

herein) (hereinafter called "the Customer") is an employee of either Government of Malaysia or

the state government or a local authority or a statutory body or falls under any other category of

eligible persons as set out under Section 23(3) of the Akta Lembaga Pembiayaan Perumahan

Sektor Awam 2015 (Public Sector Home Financing Board Act 2015) as amended from time to

time including any re-enactment thereof (hereinafter referred to as “the LPPSA Act”).

B. The Customer has applied to the Assignee 1 and the Assignee 1 has agreed to grant or make

available and/or continue to grant or to make available to the Customer a financing facility in

accordance with the Syariah principle of Al- Bai’ Bithaman Ajil (hereinafter referred to as "the

LPPSA Facility") which expression shall where the context so permits include any part or

balance thereof to be paid or advanced by the Assignee 1).

C. By an agreement described in Section 3 of the First Schedule hereto (hereinafter referred to “the

Sale and Purchase Agreement”) made between the vendor provided therein, the proprietor

provided therein (if applicable) and the purchaser provided therein, the vendor and the proprietor

(if applicable) agreed to sell and the purchaser agreed to purchase the property which is more

particularly described in Section 4 of the First Schedule hereto (hereinafter referred to “the

Property”) for the consideration and upon the terms and conditions contained in the Sale and

Purchase Agreement.

D. The separate document of title in respect of the Property has not been issued by the appropriate

authority as at the date hereof and all rights, title and interest and the full an entire benefit of the

Property is vested in favour of the Assignor by, under or pursuant to the Sale and Purchase

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Agreement and the agreement(s) and/or assignment(s) concerning or affecting the Property

hereinafter referred to as “the Related Documents”).

E. By a property sale agreement entered into on the date more particularly provided in the Section

5 of the First Schedule hereto (hereinafter referred to as “the LPPSA Property Sale

Agreement”) between the Customer of the one part and the Assignee 1 as the financier of the

other part, for the LPPSA Facility, the Customer agreed to or cause the Assignor to, prior to the

registration of the Charge (as defined herein) in respect of the Property in favour of the Assignee

1, assign all the Assignor’s rights, title and interest to the Property and the full and entire benefit

of the Sale and Purchase Agreement and the Related Documents together with all stipulations

therein contained and all remedies for enforcing the same to the Assignee 1 as security for the

LPPSA Facility.

F. By a financing facility or financing agreement entered into on the date more particularly

provided in the Section 6 of the First Schedule hereto (hereinafter referred to as “the Bank

Financing Agreement”) between the Customer of the one part and the Assignee 2 as the

financier of the other part, for a financing facility granted by the Assignee 2 to the Customer

(hereinafter referred to as “the Bank Financing”), the Customer agreed to or cause the

Assignor to prior to the registration of the Charge in respect of the Property in favour of the

Assignee 2, assign all the Assignor’s rights, title and interest to the Property and the full and

entire benefit of the Sale and Purchase Agreement and the Related Documents together with all

stipulations therein contained and all remedies for enforcing the same to the Assignee 2 as

security for the Bank Financing.

G. Notwithstanding the provisions in the LPPSA Property Sale Agreement and the Bank Financing

Agreement that require for the Property to be assigned to the Assignee 1 and the Assignee 2,

respectively, the Assignee 1 and the Assignee 2 have agreed on the joint assignment over the

Property as security to secure the settlement of the indebtedness by the Customer to the

Assignee 1 and the Assignee 2 under the LPPSA Property Sale Agreement and the Bank

Financing Agreement as provided under Section 5 and Section 6 of the First Schedule hereto.

H. It is further agreed between the Assignor and the Joint Assignees that when the title deed to the

Property is issued and duly registered into the name of the Assignor, the Assignor shall execute

a first legal charge over the said title deed in favour of the Assignee 1 and second legal charge in

favour of the Assignee 2.

I. The Assignor shall, pursuant to this Assignment, assign all the Assignor’s rights, title and interest

in the Sale and Purchase Agreement and the Related Documents to the Joint Assignees in

consideration of the LPPSA Facility and the Bank Facility being made available to the Customer

upon the terms and conditions as contained below.

J. The Assignor shall obtain the consent in writing from the developer/proprietor or procure the

developer/proprietor to acknowledge the Assignment herein, whichever is applicable.

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NOW THIS DEED WITNESSETH as follows:-

1. DEFINITIONS AND INTERPRETATIONS

1.1 DEFINITIONS

(a) The following words and expressions shall, unless the context otherwise requires, have

the meaning respectively assigned to them hereunder:

“Acts” : Means the National Land Code (Act 56 of 1965) of

Peninsular Malaysia, Sarawak Land Code (Cap. 81) and

Sabah Land Ordinance (Cap. 68), the Land (Subsidiary

Title) Enactment 1972, the Labuan Native Title Act 2007,

the Strata Titles Act 1985 and the Strata Titles Ordinance

1995 and includes any statutory amendment or re-

enactment thereof;

“Address for Service” : (a) the Joint Assignees

The address as stated above and in Section 2 of the First

Schedule hereto.

(b) the Assignor

The Address as stated in Section 1 of the First

Schedule hereto;

“Assignee 1” : Means LEMBAGA PEMBIAYAAN PERUMAHAN

SEKTOR AWAM (THE PUBLIC SECTOR HOME

FINANCING BOARD), a statutory body incorporated in

Malaysia under the Akta Lembaga Pembiayaan

Perumahan Sektor Awam 2015 (Public Sector Home

Financing Board Act 2015), with its address at

Perbendaharaan Malaysia, No. 9, Kompleks

Kementerian Kewangan, Persiaran Perdana, Presint 2,

Pusat Pentadbiran Kerajaan Persekutuan, 62592

“Assignee 2”

: Means the financial institution which name and

descriptions are stated in Section 2 of the First Schedule

“Assignor” : Means the party(ies) whose name and description are

stated in Section 1 of the First Schedule hereto;

“Bank Financing” : Means the housing loan in the sum as provided in the

Bank Financing Agreement granted by the Assignee 2 as

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the financier to the Customer;

“Bank Financing

: Means a financing agreement entered into on the date

more particularly provided in the Section 6 of the First

Schedule hereto between the Customer and the

Assignee 2 as the financier;

“Business Day” : Means the day (excluding Saturdays, Sundays and

public holidays) on which the Joint Assignees are open

for business;

“Charge” : Means the legal charge to be registered over the

Property in accordance with the National Land Code

1965, the Land Ordinance (Sabah) (Chapter 68 of the

Laws of the North Borneo) and the Land Code (Sarawak)

(Chapter 81), as the case may be;

: Shall have the meaning ascribed to it under the LPPSA

Property Sale Agreement;

“Contract Document

and/or Renovation

: Shall have the meaning ascribed to it under the Property

Sale Agreement;

“Events of Default” : Means the committal (whether by acts of commission or

omission) by the Customer and/or the Assignor or any

breach of the terms of this Assignment including the

happening of any of the events specified in Clause 5.1

“Government” : Means the Government of Malaysia;

“Indebtedness” : Means the aggregate of all sums advanced from time to

time by the Assignee at the request of the Customer

pursuant to the LPPSA Facility and the Bank Facility

together with profits thereon and all other moneys

payable by the Customer to the Joint Assignees

(including commitment fee, costs, expenses or otherwise)

and includes all liabilities and obligations whether present

or future or actual or contingent for the payment of all

moneys by the Customer in respect of or arising from the

LPPSA Property Sale Agreement, the Bank Financing

Agreement and this Assignment;

“Joint Assignees”

: Collectively means the Assignee 1 and the Assignee 2;

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“Legal Process” : Means the pleadings, all forms of originating process,

interlocutory applications of whatever nature, affidavits

orders and such documents other than the aforesaid

which are required to be served under the Rules of Court,

notices required to be given to the other Party under this

Assignment and/or the respective security documents

under the LPPSA Property Sale Agreement and the Bank

Financing Agreement, other documents and

correspondence between the parties hereto, notices

under the Acts which include the National Land Code,

1965/ the Sarawak Land Code (Cap 81)/ the Sabah Land

Ordinance (Cap 68) (as the case may be) and the rules

made thereunder;

“Letter of Offer” : Means the Letter of Offer for the LPPSA Facility and the

Bank Facility issued by each of the Joint Assignees as

the financiers and accepted by the Customer;

“LPPSA Facility” : Means the financing facility in the sum as provided in the

LPPSA Property Sale Agreement granted by the

Assignee 1 as the financier to the Customer;

“LPPSA Property Sale

: Means a property sale agreement entered into on the

date more particularly provided in the Section 5 of the

First Schedule hereto between the Customer and the

Assignee 1 as the financier;

“Property” : Means the parcel of premises as described in the Section

4 the First Schedule hereto and any part or parts of it,

including all rights attached or appurtenant to it and all

buildings erected or to be erected thereon, fixtures,

fittings, plant and machinery from time to time situate on

it. It shall include common properties and all other

structures or fixtures connected adjacent to and/or

relating to the Property and by virtue of the relevant Acts;

“Related Documents”

: Means the documents, other than the title to the Property

that vested all rights, title and interest and the full an

entire benefit of the Property in favour of the Assignor

including but not limited to the Sale and Purchase

Agreement and other agreement(s) and/or assignment(s)

concerning or affecting the Property;

“Ringgit Malaysia” and means the lawful currency of Malaysia.

the abbreviation of “RM”

: Means the lawful currency of Malaysia;

“Sale and Purchase

: Means a sale and purchase agreement made on the date

as stated in Section 3 of the First Schedule hereto with

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regard to the sale and purchase of the Property made

between the purchaser and the vendor named therein

and where applicable, also the proprietor named therein;

“this Assignment” : Means this Joint Deed of Assignment and includes any

variations mutually agreed between the parties in writing

which may be made from time to time.

1.2 INTERPRETATIONS

In this Assignment unless there is something in the subject or context inconsistent with such

construction or unless it is otherwise expressly provided:

(a) Words importing the singular number include the plural and vice versa.

(b) Words importing the masculine gender include the feminine and neuter genders.

(c) The words “hereof”, “herein”, “hereon”, “hereinafter” and “hereunder”, and words of

similar import, when used in this Assignment, shall, where the context requires or allows,

refer to this Assignment as a whole and not to any particular provision of this Assignment.

(d) The expression "the Assignor" includes his personal representatives, heirs and

successors in title and the expression "the Joint Assignees" shall include their respective

successors in title, assigns and such other entity in which the each of the Joint

Assignees is merged or amalgamated or to which the each of the Joint Assignees'

business or undertaking is transferred.

(e) Where there are two (2) or more persons or parties included or comprised in the

expression "the Customer" and/or "the Assignor" agreements, covenants, terms,

stipulations and undertakings expressed to be made by and on the part of the Customer

and/or the Assignor shall be deemed to be made by or binding upon such persons or

parties jointly and severally. Further, the Joint Assignees may release or discharge any

one of them from all or any liability or obligation under this Assignment or may make any

arrangement or composition with any such person without thereby releasing the other or

otherwise prejudicing any of their rights under this Assignment or otherwise.

(f) References herein to Clauses are references to Clauses in this Assignment unless

otherwise specified.

(g) The headings and sub-headings in this Assignment are inserted for convenience only

and are to be ignored when construing the provisions of this Assignment;

(h) Where an act is required to be done within a specified number of days after or from a

specified date, the period is inclusive of and begins to run from the date so specified;

(i) A period of a month from the happening of an event or the doing of an act or thing shall

be deemed to be inclusive of the day on which the event happens or the act or thing is or

is required to be done.

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(j) Any reference to statutes and the rules made thereunder includes all amendments which

may be enacted from time to time.

2. ABSOLUTE ASSIGNMENT

2.1 IN CONSIDERATION of the above premises, the Assignor as beneficial owner HEREBY

ASSIGNS ABSOLUTELY unto the Joint Assignees the full and entire benefits and

advantages of the Assignor's present and future rights, title, interests and the full and entire

benefit in and to the Property vested in the Assignor by, under or pursuant to the Sale and

Purchase Agreement and the Related Documents together with the right of enforcement thereof

or thereunder, as security for the payment to the Joint Assignees of the Indebtedness or any

part thereof and any monies payable and covenanted to be paid by the Assignor to the Joint

Assignees under the LPPSA Property Sale Agreement and the Bank Financing Agreement

which the Joint Assignees hereby accept and PROVIDED ALWAYS and notwithstanding this

Assignment, the Assignor shall and hereby undertakes to continue to observe, perform and be

bound by all conditions, covenants and stipulations expressed and contained in the Sale and

Purchase Agreement and the Related Documents assigned to the Joint Assignees under this

Assignment. The Assignor shall at all times hereafter save harmless and keep the Joint

Assignees indemnified against all actions, proceedings, damages, penalties, claims, demands,

costs and expenses which may be brought or made against or incurred by the Joint Assignees

by reason or on account of the non-observance of all or any of the terms and conditions of the

Sale and Purchase Agreement, the Related Documents and the Contract Document and/or

Renovation Agreement on the part of the Assignor, and on the part of the Customer as contained

in the LPPSA Property Sale Agreement, the Bank Financing Agreement, the Related Documents

and the Contract Document and/or Renovation Agreement and the Assignor shall promptly upon

a demand being made by the Joint Assignees pay to each of the Joint Assignees all amounts so

paid, suffered or incurred by the Joint Assignees. The Assignor shall further indemnify the Joint

Assignees against all claims, demands, action, fines, penalties and legal proceedings

whatsoever made against or charged or imposed upon the Joint Assignees by the Government

or any local or other authority or any person or body or corporation whatsoever arising from or in

connection with any act or omission done or omitted to be done by any person whomsoever in or

in respect of or pertaining to the Property.

2.2 Upon full payment of the Indebtedness and all monies as aforesaid owing to the Joint Assignees,

the Joint Assignees shall at the cost of the Assignor reassign to the Assignor the Property and

all rights, interests and title under the Sale and Purchase Agreement and Related Documents

assigned to the Joint Assignees hereunder.

3. AGREEMENTS BETWEEN THE JOINT ASSIGNEES

3.1 The Assignee 2 shall not, without the prior written consent of the Assignee 1, exercise any of the

rights and remedies or in any way take steps to enforce or realise its securities aforesaid or any

part thereof.

3.2 Should the Joint Assignees decide to exercise their powers under this Assignment, the Joint

Assignees shall consult each other with a view to agree on the method of enforcement and

where appropriate appoint a common firm of solicitors for such purpose and the Joint Assignees

shall cooperate with each other and render all reasonable assistance to the other, in realising the

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assets and undertakings of the Assignor hereunder and in ensuring that the nett proceeds after

deduction of expenses of realisation are paid in accordance with the provisions of this

Assignment Provided always that should the Joint Assignees disagree on the method of

enforcement or the appointment of a common firm of solicitors, the Assignee 1 shall have the

absolute right to appoint the firm of solicitor to handle the enforcement proceedings on his

3.3 All moneys, including insurance moneys, received or recovered by any Joint Assignee shall be

applied in payment to the Joint Assignees in the manner set out in Clause 8 hereof.

3.4 Each Joint Assignee shall inform the other promptly and fully of all actions taken by it hereunder,

and all moneys received by it hereunder and all matters, which such party reasonably considers

to be relevant hereto.

3.5 The Assignor shall not be required or be entitled to enquire whether any of the provisions

aforesaid have been complied with and any exercise by the Joint Assignees or any or all of them

of all or any of the rights and remedies aforesaid shall, as regards the Assignor, be valid and

effective in all respects, but without prejudice to the rights of any of the Joint Assignees against

the others in respect of any failure or non-compliance of the provisions aforesaid.

4. REPRESENTATIONS AND WARRANTIES

4.1 The Assignor hereby represents and warrants to and undertakes with the Joint Assignees as

(a) that the Assignor has the power or capacity to execute, deliver and perform the terms of

this Assignment and the Assignor has taken all necessary action for the execution,

delivery and performance of this Assignment;

(b) that this Assignment constitutes the legal, valid and binding obligations of the Assignor in

accordance with its terms;

(c) that the execution, delivery and performance of this Assignment by the Assignor do not

and will not violate or contravene the provisions of:-

(i) any law, or regulation, or order, or decree of any governmental authority, agency

or court to which he is subject;

(ii) any contract of whatever nature, or other undertaking, or instrument, to which he

is a party or which are binding upon him or any of his assets and will not result in

the creation, imposition of, or any obligation to create, or impose, any mortgage,

lien, pledge or charge on any of their assets pursuant to the provisions of any

such contract or other undertaking or instrument;

(d) that all consents, or licences, or approvals, or authorisations, or orders and exemptions

of any Ministry, agency, department or authority in Malaysia which are required or

advisable to be obtained in connection with the execution, delivery, performance, legality

or enforceability of this Assignment have been obtained and are in full force and effect

and no further consent, licence, approval, authorisation, order or exemption is required

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(e) that the Assignor is not in default under any agreement to which he is a party or by which

he may be bound and no litigation, arbitration, or administrative proceedings are

presently current, or pending, or threatened and which default, litigation, arbitration or

administrative proceedings (as the case may be) might materially affect his solvency or

might affect his ability to perform his obligations under this Assignment;

(f) that no bankruptcy proceedings have been commenced against the Assignor,

(g) that the Assignor has filed all tax returns which the Assignor is required by law to file and

has paid or made adequate provisions for the payment of all taxes, assessments, fees

and other governmental charges assessed against him or upon any of his properties or

assets, income or franchise or any of them;

(h) that the Assignor is not in default in the payment or performance of any of his obligations

for borrowed money, or in respect of other liabilities;

(i) that there is no material adverse change in the financial condition of the Assignor or

other conditions which will materially affect the ability of the Assignor to perform the

obligations of the Assignor under this Assignment;

(j) that the Assignor is the legal and beneficial owner of the Property which is offered as

security to the Joint Assignees in respect of the LPPSA Facility and the Bank Facility or

the subject matter of this Assignment;

(k) that the information furnished by the Customer and/or Assignor in connection with the

LPPSA Facility and the Bank Facility including relating to the Assignor, the security

and/or the Customer’s payment capability in relation to the LPPSA Facility and the Bank

Facility or financial or asset position does not contain any untrue statement or omit to

state any fact the omission of which makes the statement therein in the light of the

circumstances under which they were misleading and all expression of expectation,

intention, belief and opinion and all projections contained therein have been honestly

and reasonably made by the Assignor to the Joint Assignees after due and careful

(l) that there is no default by any of the relevant parties of any of the terms of the Sale and

Purchase Agreement and/or the Related Documents that will affect the rights conferred

to the Joint Assignees under this Assignment;

(m) that the Assignor is not aware and has not intentionally withheld any information or fact

which may result in or give rise to the financing by the Joint Assignees hereunder

contravening or being in breach of any laws, legislation, subsidiary legislation or

regulation;

(n) that such other warranties and representations expressed or implied, are as set out in

the LPPSA Property Sale Agreement, the Bank Financing Agreement and other

documents that may have been forwarded to the Joint Assignees; and

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(o) that no Event of Default contained in Clause 5.1 hereof, and no event which with the

giving of notice or passing of time would constitute an Event of Default has occurred.

4.2 The Assignor hereby acknowledges that the Joint Assignees has entered into this Assignment

on the basis of and in full reliance of the above representations and warranties and the Assignor

agrees covenants undertakes and confirms that each of the above representations and

warranties shall survive and continue in full force and effect after the execution of this

Assignment and the Letter of Offer.

5. EVENTS OF DEFAULT

5.1 It is hereby expressly agreed by the parties hereto that the Assignment hereunder is for the sole

purpose of securing the payment of the Indebtedness and as soon as the individual document of

title to the Property is issued, this Assignment which is duly registered in favour of the Joint

Assignees, will automatically be superseded by the Charge and all the benefits, title and

interests hereby assigned will be merged with the Charge subject to the cardinal condition of this

Assignment that until registration of the Charge, the Joint Assignees shall in the meantime have

the sole and absolute right and power to deal with the Property in any manner in their absolute

discretion thinks fit including the right and power of sale whether by public auction or by private

contracts as if they were the beneficial owners thereof PROVIDED THAT the power of sale shall

not become exercisable by the Joint Assignees except upon the happening or occurrence of any

of the following conditions or events:

(a) if the Customer fails to pay any sums payable by the Customer as provided under the

LPPSA Property Sale Agreement and/or the Bank Financing Agreement;

(b) if the Assignor fails to observe or perform any of the agreements, covenants, stipulations,

terms, undertakings and conditions on the part of the Assignor under this Assignment

and/or the Sale and Purchase Agreement;

(c) if the Assignor creates or permits to subsist any mortgage, pledge, charge, encumbrance,

lien or security interest in the Property without the prior written consent of the Joint

(d) if the Assignor commits any act of bankruptcy or becomes bankrupt or enters into any

composition or arrangement with or for the benefit of the creditors of the Assignor or

allows any judgment against the Assignor to remain unsatisfied for a period of twenty

one (21) days or has any distress or execution or other process of a Court of competent

jurisdiction levied upon or issued against any property of the Assignor and such distress

or execution or other process, as the case may be, is not satisfied by the Assignor within

seven (7) days thereof;

(e) the happening of any event which in the opinion of the Joint Assignees would effect in

any way the financial position of the Assignor in accordance with sound financial

standards and/or that their security under this Assignment is in jeopardy and notice

thereof is given to the Assignor or that any event or events has/have occurred or a

situation exists which could or might prejudice the Assignor’s ability to perform his

obligations in accordance with the terms of the documents;

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(f) if at any time it becomes unlawful for the Assignor to perform the obligations of the

(g) if the Assignor has any legal proceedings or suits instituted or threatened to be instituted

by any person against the Assignor;

(h) if this Assignment and/or the Charge cannot be perfected for any reason whatsoever or

cannot be registered where necessary or are invalid for any reason whatsoever;

(i) if a change in applicable law or regulations makes it impossible or unlawful for the Joint

Assignees to continue its making available the LPPSA Facility and/or the Bank Facility or

any part thereof to the Customer;

(j) if the Assignor shall be affected by a material change in his financial conditions which in

the opinion of the Joint Assignees is likely to prejudice the ability of the Assignor to

perform his obligations under this Assignment in accordance with the terms thereof;

(k) if there shall have been any such change in national or international financial or

economic conditions or currency exchange rates or exchange control which in the

opinion of the Joint Assignees will affect the Assignor's ability to perform his obligations;

(l) if the Assignor fails to pay any sums due and payable by the Assignor in any facility or

other account of the Assignor with any of the Joint Assignees after the same shall have

become due whether formally demanded or not;

(m) if the Customer and/or Assignor become insane and/or die;

(n) if the Property is subject to an order for compulsory acquisition under the Land

Acquisition Act 1960;

(o) if the Customer is dismissed or his service is being terminated either by the Government

of Malaysia, a state government, a local authority or a statutory authority;

(p) if the Customer resigns from the service of the Government, a state government, a local

authority or a statutory authority; or

(q) any other events as may be provided by the LPPSA Property Sale Agreement or the

Bank Financing Agreement;

then and in any of such cases the LPPSA Facility and the Bank Facility and any profits thereon

and all other sums or moneys (whether principal or others) for the time being owing under this

Assignment shall immediately become payable by the Assignor to the Joint Assignees and the

Joint Assignees shall forthwith become entitled to recover the same with other charges

determined by the Joint Assignees thereon as provided under the LPPSA Property Sale

Agreement and the Bank Financing Agreement and to exercise the rights and powers upon

default herein and by law provided without any previous notice to or concurrence on the part of

the Assignor.

5.2 If the Assignor shall commits a default pursuant to Clause 5.1 hereof or if any of the events

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stipulated stated in Clause 5.1 hereof shall happen and which if capable of remedy is not

remedied within a period of thirty (30) days from the date of notice by any of the Joint Assignees

requesting remedy of the same, or is not remedied within the time specifically stipulated therefor

(if any) in respect of the event in question, the Indebtedness payable under this Assignment shall

become and deem to be, notwithstanding anything contained herein to the contrary, forthwith

due and payable and whereupon the Joint Assignees shall be entitled forthwith to take such

action as may be appropriate against the Assignor and the Joint Assignees shall be entitled to

exercise all or any of the rights and powers following:

(a) the right to take possession of the Property or any part of parts thereof;

(b) the right to let, lease or demise the Property or any part or parts thereof for such tenancy

or term of years at such rent and generally upon such terms as the Joint Assignees in

their absolute discretion shall think fit;

(c) the right and power to sell and assign the Property as the absolute unencumbered owner

thereof at such price or prices and in such manner as the Joint Assignees shall in their

absolute discretion think fit free from any interest of the Assignor hereunder or otherwise

and to apply the proceeds of sale in or towards the satisfaction of the LPPSA Facility

and the Bank Facility and all principle and interest and other monies due to the Joint

Assignees hereunder and all costs as occasioned by such sale or sales and the Joint

Assignees shall only pay to the Assignor the balance of the proceeds of such sale or

sales, if any, after deduction of such principal and profit and other moneys aforesaid and

all the costs of and occasioned by such sale or sales and no Joint Assignees or

purchase from the Joint Assignees shall be concerned to ascertain whether or not any

such default has actually arisen so as to entitle the Joint Assignees to exercise its

powers of sale or assignment;

(d) the right to institute such proceedings and take steps (including any proceedings for the

realisation of its security under this Assignment) as they may think fit to enforce payment

of all moneys owing to the Joint Assignees, other than by way stated under Clause

5.2(b) and (c) above.

AND the Assignor shall and hereby expressly agrees, covenants and undertakes to do and

execute all acts, deed, instruments and things which the Joint Assignees may require or

stipulate for the purposes of affecting and or completing anything and or any transaction

mentioned in this clause. The Assignor further agrees that when the power of sale granted

under this Clause 5.2 becomes exercisable by the Joint Assignees, the Assignor shall give

vacant possession of the Property to the Joint Assignees or any person authorised by them

immediately on receiving written demand in that respect from the Joint Assignees. PROVIDED

THAT the Assignee 1 shall have the first priority of payment towards the LPPSA Facility or any

other sums due to it out of the proceeds thereof and the balance shall be made available to the

Assignee 2.

5.3 If the amount released by the Joint Assignees on a sale of the Property in pursuance of Clause

5.2 hereof is less than amount due to the Joint Assignees, then the Assignor shall pay to the

Joint Assignees the difference between the amount due and the amount to be released and

until payment will also pay other charges in respect of such balance as determined by the Joint

Assignees under the LPPSA Property Sale Agreement and the Bank Financing Agreement as

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the case may be,

PROVIDED THAT nothing herein contained shall be construed as imposing any obligation

(whether at law or in equity) upon the Joint Assignees to exhaust their remedy to sell the

Property before commencing any separate action or before enforcing any other remedies or

exercising any other rights against the Assignor AND the Assignor hereby irrevocably and

unconditionally agrees and consents to the Joint Assignees commencing separate proceedings,

enforcing other remedies and exercising any other rights which the Joint Assignees may have

against the Assignor prior to or simultaneously with and without having exhausted their rights to

sell or to proceed against the Property or to realise their security under the documents creating

security for the Indebtedness and the Joint Assignees shall also be entitled to exercise such

remedies concurrently.

6. CROSS DEFAULT

Notwithstanding the provisions relating to the payment of moneys advanced as provided, the

Assignor hereby expressly agrees that if any sums shall be due from the Assignor to the Joint

Assignees or any other financier or party from time to time or at any time or if the Assignor may

be or become liable to the Joint Assignees or any other financier or party on any account in any

manner whatsoever or if default is made in any provisions of such accounts or in any other loans

or facilities granted by the Joint Assignees or any other financier or party to the Assignor or in

any of the provisions herein, then and in such event the Indebtedness or other loans/facilities

aforesaid shall immediately become due and payable and the security herein shall become

immediately enforceable as security for all moneys and liabilities whatsoever now or hereafter

from time to time owing or payable to the Joint Assignees by the Assignor whether alone or

jointly and severally with another or others and whether as principal or surety notwithstanding

that the Assignor may at any time or time(s) cease to be indebted to the Joint Assignees for any

period or periods and notwithstanding any settlement of account(s) or otherwise.

7. JOINT ASSIGNEES’ RIGHT TO COMMENCE FORECLOSURE AND LEGAL PROCEEDINGS

CONCURRENTLY

Notwithstanding any provision hereof, it is hereby expressly agreed that upon default or breach

by the Assignor of any term, covenant, stipulation and/or undertaking provided in this Assignment

and on the part of the Assignor to be observed and performed, the Joint Assignees shall

thereafter have the right to exercise all or any of the remedies available whether pursuant to this

Assignment or by statute or otherwise and shall be entitled to exercise such remedies

concurrently, including pursuing all remedies of sale or possession pursuant to this Assignment

and by way of civil suit to recover all monies due and owing to the Joint Assignees.

8. APPLICATION OF PROCEEDS

8.1 Upon any sale of the Property by the Joint Assignees in the exercise of its power of sale

hereunder it shall apply the proceeds of sale as follows:-

FIRSTLY in payment of any rents, taxes assessments fees lawful outgoing and other fees

due and payable to the relevant authorities by the Customer and/or the Assignor

in respect of the Property or any other property as may be charged or assigned

to the Joint Assignees as security for the Indebtedness.

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SECONDLY in payment of all costs, charges and other expenses incurred and payments

made by the Joint Assignees under the provisions of all or any of the documents

creating security for the Indebtedness.

THIRDLY in or towards payment to the Assignee of the Sale Price due and remaining

unpaid and of all other moneys due and remaining unpaid under any of the

documents creating security for the Indebtedness.

FOURTHLY any surplus shall be paid to such person entitled thereto.

PROVIDED ALWAYS THAT the Joint Assignees may in their sole and absolute discretion alter

the above order of payment or keep such moneys in a suspense account but such alteration in

the order of payment or payment into a suspense account shall not prejudice the right of the

Joint Assignees to receive the full amount to which they would have been entitled if the primary

order had been observed or any lesser amount to which the sum ultimately realized from the

security may be sufficient to pay.

8.2 It is expressly agreed and declared between the parties hereto that notwithstanding any other

provision herein contained or in the other documents creating security for the Indebtedness to

the contrary, the Assignor shall be liable to the Joint Assignees for the difference between the

amount due and the actual amount ultimately received by the Joint Assignees upon a sale of

the Property in the event that the actual amount ultimately received by the Joint Assignees

under the terms of this Assignment or any documents creating security for the Indebtedness

and/or on sale of the Property after deduction and payment from the proceeds so recovered, or

realised or received of all fee (including but not limited to the Joint Assignees solicitor fees on a

solicitor and client basis) dues, costs, rates, taxes and other outgoings on the Property is less

than the amount due to the Joint Assignees hereunder and under the other documents creating

security for the Indebtedness and notwithstanding whether or not the Assignee is the purchaser

of the Property at such sale.

9. CUSTODY OF DOCUMENT OF TITLE

9.1 The Joint Assignees hereby agree that all documents including the Assignor’s original copy of

the Sale and Purchase Agreement, the Related Documents and of all other whatsoever

documents evidencing any title to or right in the Property or any benefits or right annexed

appurtenant or relating thereto or in any way connected therewith (hereinafter called “the Said

Documents”), in respect of the Property which are required to be deposited with any of them by

the Assignor under the provisions of the LPPSA Property Sale Agreement, the Bank Financing

Agreement and this Assignment shall be held and deposited with Assignee 1 during the

subsistence of this Assignment and upon request, shall produce the same for the inspection by

the other parties.

9.2 The Assignee 1 hereby acknowledges and declares that it holds all documents now or hereafter

deposited with it by the Assignor in trust for the Joint Assignees to the extent that the security

thereby constituted shall be available for the Joint Assignees in accordance with the provisions

of this Assignment. The Assignee 1 hereby undertakes that upon discharge of the LPPSA

Facility, the Said Documents and all such documents then held by it shall be delivered to

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9.3 The Assignee 1 may perform its duties under Clause 9.2 hereof by or through agents or

employees or may act or refrain from taking action in reliance upon the advice of any

professional or other person believed by it in good faith to be competent.

10. COVENANTS

10.1 POSITIVE COVENANTS

The Assignor undertakes with the Joint Assignees that, from the date of this Assignment until all

the Indebtedness has been discharged in full:

(a) Ranking: he will ensure that his liabilities under this Assignment to which he is a party

rank and will rank (and would rank if this Assignment to which he is a party was neither

executed nor required) at least equally and rateably (pari passu) in point of priority and

security with all his other liabilities (both actual and contingent);

(b) Information: he will deliver to the Joint Assignees such additional financial or other

information as the Joint Assignees may from time to time reasonably request;

(c) Consents, etc.: he will obtain and promptly renew from time to time, and will promptly

deliver to the Joint Assignees certified copies of any authorisation, approval, consent,

licence, exemption, registration, recording, filing or notarisation as may be necessary or

desirable to ensure the validity, enforceability or priority of the liabilities and obligation of

the Assignor or the rights of the Joint Assignees under this Assignment and the Assignor

shall comply with the term of the same;

(d) Change of Residential Status: he will promptly notify the Joint Assignees in the event

of any change in his residential status;

(e) Default: if he becomes aware of the occurrence of an event of default, he will forthwith

notify the Joint Assignees and will provide the Joint Assignees with full details of any

steps which it is taking, or is considering taking, in order to remedy or mitigate the effect

of the event of default or otherwise in connection with it;

(f) Payment of All the Sums Due and Payable: he shall pay all the sums due and payable

under the LPPSA Facility and the Bank Facility pursuant to the LPPSA Property Sale

Agreement and the Bank Financing Agreement in the manner therein specified and to

perform all his other obligations and undertakings herein contained and pursuant to the

Letter of Offer and this Assignment in the manner therein specified and to perform all his

other obligations and undertakings therein contained;

(g) Adverse Changes: he will promptly notify the Joint Assignees of :-

i. any material event or adverse change in the condition (financial or otherwise) of the

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ii. any litigation or other proceedings of any nature whatsoever being threatened or

initiated against the Assignor before any court tribunal or administrative agency

which may materially affect the operations and/or financial condition of the Assignor;;

iii. any dispute between the Assignor and any government or statutory body in respect

of any of his assets; and

all such notification to be given to each of the Joint Assignees not later than fourteen

(14) days after the Assignor has knowledge of the change or of the litigation or other

proceedings or threat thereof or dispute and the amount of any contingent liability if such

amount is ascertainable;

(h) Charge: if applicable, upon issuance of an individual title to the Property by the relevant

authority, at his own cost and expense and upon being so required to do by notice in

writing from the Joint Assignees, execute a charge over the individual title to the

Property, such charge terms to be in the Joint Assignees' standard form (with such

variations thereof as the Joint Assignees may require) in favour of the Joint Assignees to

secure the payments to the Joint Assignees of the Indebtedness; and

(i) Property: in respect of the Property:

i. pay for the preservation, protection and reasonable improvement generally of the

security of the Joint Assignees;

ii. keep the Property in good repair and condition;

iii. pay the quit rent, assessment rates and taxes and all other whatsoever charges

payable to the Government or to any local authority or statutory body from time to

time payable in respect of the Property as and when the same shall become due

and payable (i.e. within seven (7) days of such payment becoming due and payable);

iv. comply with and observe all the conditions, restrictions and category of land use,

express or implied, imposed upon, relating to, or affecting the Property or to which

the Property is subject as well as the provisions of any applicable laws and

regulations, ordinance or enactment for the time being in force and of any rule or

order made thereunder affecting the same;

v. allow the Joint Assignees and its agents and servants with or without workmen at all

reasonable times of the day to enter upon the Property and into any building or

buildings erected on or comprised in the Property and to view and to inspect the

condition of repair thereof PROVIDED HOWEVER that if the Joint Assignees should

enter and repair the same it shall not be liable as Joint Assignees in possession; and

vi. pay for the construction, maintenance, repair or improvement of any private road or

street which is in the opinion of the Joint Assignees necessary or convenient for the

enjoyment of the Property.

PROVIDED ALWAYS AND IT IS HEREBY AGREED that if the Assignor shall make any default

in the performance of the agreements and undertakings in this Clause 10.1 (a) to (i) then and in

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such an event it shall be lawful for but not obligatory upon the Joint Assignees to make good

such default or defaults and any and all moneys so paid or expended by the Joint Assignees

together with the other charges as may be determined by the Joint Assignees as the financiers

from the date of such payment shall on demand be paid to the Joint Assignees by the Assignor

and until such payment shall be deemed to be a sum advanced by the Joint Assignees to the

Assignor and shall form part of the Indebtedness.

10.2 NEGATIVE COVENANTS

The Assignor hereby further covenants and undertakes that from the date of this Assignment

until the Indebtedness under this Assignment has been discharged in full,, he shall not:

(a) Indebtedness: incur, assume, guarantee or permit to exist or guarantee any

indebtedness for borrowed monies other than:-

i. the Indebtedness; and

ii. any debt or guarantee which has been disclosed by the Assignor to the Joint

Assignees prior to the date of this Assignment; and

(b) Property: in respect of the Property:

i. sell, lease, agree to lease, let or part with the possession of the Property including

the parking space(s) allocated to the Property or any part thereof or raise money on

the security of the Assignor rights in the Property or deal with the same in any

manner whatsoever; and

ii. that save and except where the relevant financing is approved to be utilised for the

renovation of the Property, alter, pull down, or remove any building or fixture now or

at any time hereafter erected on or affixed to the Property or any part thereof and

shall forthwith replace or make good the same in the event of such alteration, pulling

down or removal. Where it is intended that there is to be erected any building or

buildings on the Property or that the LPPSA Financing or the Bank Financing is to be

utilised for the purposes thereof, the Assignor shall complete the erection of such

building or buildings in accordance with the approved plans thereof of such

competent authority or authorities necessary for the obtaining of and shall obtain a

Certificate of Fitness/ Completion and Compliance not later than such date as the

Joint Assignees may stipulate.

11. POWER OF ATTORNEY

For the consideration aforesaid the Assignor hereby irrevocably appoints the Assignee 1 or any

other authorised officer of the Assignee 1 to be his attorney in his name and on his behalf to deal

with the Property in any manner whatsoever and to enforce all rights and remedies under

the Sale and Purchase Agreement, the Related Documents and this Assignment or any of them

and to do all other things as fully and effectually as the Assignor could himself do in connection

therewith and in particular but without prejudice to the generality of the foregoing to accept a

transfer of the Property from the vendor, the proprietor and/or the developer upon issuance of

the individual document of title to the Property or to charge the Property to the Joint Assignees

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as security for the monies secured hereby or to assign, sell, let, lease or demise the Property or

any part thereof and to do all whatsoever acts and to execute all whatsoever documents so as to

give effect to such assignment, transfer, charge, sale, assignment, letting, lease or disposition or

which the Joint Assignees may deem necessary on any sale by the Joint Assignees of the

Assignor's rights, title and interest in the Property under the power of sale conferred by this

Assignment and to give a good receipt for the purchase monies received and also to do and

perform all whatsoever acts matters and things necessary or expedient for the registration of any

instrument in connection therewith including the instruments of transfer and/or charge as fully

and effectually as the Assignor could himself do if the Assignor were personally present with

power for such attorney to substitute and appoint one or more attorneys under him for all or

any of the purposes aforesaid as he shall think fit. The Assignor hereby agrees and undertakes

at all times hereafter to ratify and confirm whatsoever the said attorney of his attorney or

attorneys shall lawfully do or cause to be done in and concerning the Property by virtue of this

instrument.

12. TAKAFUL PLAN/INSURANCE POLICY ON THE PROPERTY

12.1 The Assignor shall at all times during the continuance of this Assignment take appropriate

takaful plan/ insurance policy for the Property and name the Joint Assignees as one of the

beneficiaries thereof if so required by the Joint Assignees and the Assignor further agrees that

the Joint Assignees may at its absolute discretion and through insurer /takaful company

approved by the Joint Assignees and at the cost and expenses of the Assignor, insure and keep

insured the Property throughout the duration of this Assignment to its full insurable value against

loss or damage by fire, lightning, tempest, flood, riot, civil commotion, strike, malicious acts and

against such other specific risks under such takaful plan/insurance policy for such amounts in

such names and with such insurer/takaful company as the Joint Assignees from time to time in

its absolute discretion may deem expedient.

12.2 Furthermore, the Joint Assignees may through the same insurer/takaful company or any

insurer/takaful company of their preference take out a Mortgage Reducing Term Takaful or any

takaful plan/insurance of their preference, on the life of the Assignor. If at any time the Assignor

is entitled to the benefit of any and all takaful plan/insurance policy of the Property whether

effected by the Assignor and/or the Joint Assignees regardless whether it is or they are for the

maintenance of which the Assignor is liable under this Assignment, then all the moneys received

by virtue of such one or more insurance shall if the Joint Assignees so requires be applied at its

absolute discretion either in making good the loss or damage in respect of which the moneys are

received or towards the discharge of all whatsoever moneys owing by the Assignor to the Joint

Assignees in any by virtue of this Assignment.

12.3 The Joint Assignees may require any money received under any insurance effected under this

Assignment whether effected by the Joint Assignees or by the Assignor to be applied in or

towards making good the loss or damage in respect of which the money is received or receivable

or in or towards the discharge, pari passu, of the Indebtedness and the Assignor shall hold any

money received on such insurance in trust for the Joint Assignees and the Joint Assignees may

receive and give a good discharge for any such moneys.

12.4 In the event the Joint Assignees allow for the extension of the tenure of the LPPSA Facility

and/or the Bank Facility resulting in the deferment for the payment of the monthly installments by

the Customer, the Assignor shall extend the period of the takaful plan/insurance policy of the

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Property accordingly.

13. AGREEMENT IN FORCE

This Assignment shall remain in force until the Indebtedness is settled in full.

14. ASSIGNMENT

The Assignor shall not assign any and all his rights and/or obligations under this Assignment.

However, the Joint Assignees may at its absolute discretion at any time assign all their rights

interest and obligations or any part thereof to such person or corporation as they shall deem fit

and upon any such assignment the new assignee(s) shall assume and be entitled to the rights

interest and obligations comprised in this Assignment as if the new assignee(s) had been the

party to this Assignment in place of the Joint Assignees subject always that the assignment by

the Assignee 2 of its right and/or obligations under this Assignment shall be subject to a prior

written concurrence of the Assignee 1.

15. LIEN AND OTHER SECURITIES NOT AFFECTED

Nothing herein contained shall prejudice or effect any lien to which the Joint Assignees may be

entitled or any other securities which the Joint Assignees may at any time or from time to time

hold for or on account of the money hereby secured nor shall anything herein contained operate

so as to merge or otherwise prejudice or affect any bills, notes, guarantees, pledges, charges,

mortgages or other security which the Joint Assignees may for the time being have for any

money intended to be hereby or otherwise secured or any right or remedy of the Joint Assignees

thereunder.

16. MODIFICATION AND INDULGENCE

The Joint Assignees may at any time and without in any way affecting the security hereby

(a) grant to the Assignor any time or indulgence;

(b) deal with exchange release or modify or abstain from perfecting or enforcing any

securities or other guarantees or rights it may now or at any time hereafter or from time

to time have from or against the Customer and/or the Assignor or any other person; and

(c) compound with the Assignor any other person.

17. COSTS AND STAMP DUTY

17.1 The Assignor shall and hereby undertakes to pay and bear all whatsoever costs, charges,

registration and other fees, stamp duty and other disbursements in any way connected with or

arising out of this Assignment.

17.2 All costs, charges and expenses incurred hereunder by the Joint Assignees including any

expenditure incurred in the creation enforcement and/or preparation of this Assignment or in the

giving of any notice or in the making of any demand under pursuant to or in respect of this

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Assignment or any moneys secured by this Assignment and all other moneys whatsoever paid

by the Joint Assignees in respect of the said costs charges expenses and expenditure or

otherwise or howsoever and all or any other sums and moneys paid or expended by the Joint

Assignees under or pursuant to the provisions of this Assignment express or implied shall be

payable by the Assignor to the Joint Assignees on demand and the Assignor also shall bear any

other payment or charges as may be determined by the Joint Assignees as the financier in

respect thereon.

18. DISCHARGE OF SECURITY

18.1 Upon the full settlement to the Joint Assignees of the Indebtedness, the Assignor shall be entitled

at his entire cost and expenses to obtain a discharge and release of the Property from the Joint

Assignees such discharge and release to be in such form as the Joint Assignees shall in the

circumstances consider appropriate.

18.2 However, so long as any moneys shall be owing by the Assignor to the Joint Assignees and

during the continuance of this Assignment, the Assignee 1 shall have the custody and

possession of the Said Documents.

18.3 Upon full settlement of the Indebtedness, the Joint Assignees shall arrange for the Said

Documents to be forwarded to the Assignor in a manner as the Joint Assignees deem

appropriate. In this event, the Joint Assignees shall not be held responsible for any non delivery

of the Said Documents to the Assignor nor shall the Joint Assignees be in any way held

responsible to have the custody and possession of the Said Documents.

19. COMPULSORY ACQUISITION

In the event that the Property or any part thereof shall at any time become the subject matter of

or be included in any notice notification, or declaration concerning or relating to acquisition

by the Government of Malaysia or any government authority or any enquiry or proceedings in

respect thereof the Assignor shall forthwith inform the Joint Assignees of the same and shall

forward to the Joint Assignees a copy or copies of any such notice, notification or declaration as

soon as the same shall be delivered to or served on the Assignor. The Joint Assignees shall be

entitled at the expense of the Assignor to engage such advisers and agents (including solicitors

and valuers) as they may think fit for the purpose of appearing or attending at or advising upon

any enquiry or proceedings affecting, concerning or relating to any such acquisition. All

moneys received as or by way of compensation for the acquisition of the Property or any part

thereof shall be applied in or towards the discharge or payment of any money or liability secured

by this Assignment and the Assignor shall and hereby declares that the Assignor shall hold all

moneys so received in trust for the Joint Assignees and the Assignor agrees and confirms that

the Joint Assignees may receive and give a good discharge for all such monies.

20. SERVICE OF NOTICE/LEGAL PROCESS

20.1 Unless otherwise provided herein, any demand or notice to the Assignor under this Assignment

shall be in writing and signed by the officer of the Joint Assignees or any solicitor or firm of

solicitors or any agent appointed purporting to act for the Joint Assignees and may be made by

letter addressed to the Assignor and sent by ordinary post or dispatched by personal delivery to

the address of the Assignor stated in Section 1 of the First Schedule hereto or the usual or last

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known place of business, employment or residence of the Assignor and any such notice if sent

by post shall be deemed to have been received by the Assignor in the ordinary course of post

notwithstanding the fact that such letter may be returned, undelivered or unclaimed. Any notice

required under this Assignment to be given to each of the Joint Assignees shall be in writing and

signed by the Assignor and may be made by letter addressed to the Assignor and sent by

registered post or dispatched by personal delivery to the address abovestated of each of the

Joint Assignees or such other address as may be notified by the Joint Assignees and shall only

be deemed to have been served on the Joint Assignees at the date of actual receipt thereof by

the Joint Assignees.

20.2 Any notice or communication may be in writing and may be delivered personally, by post, telex,

cable or facsimile to the Assignor at the address herein stated. Proof of posting or dispatch of

any notice or communication to the Assignor shall be deemed to be proof of receipt:-

i) if personally delivered, at the time of delivery;

ii) if posted, on the second business day after posting;

iii) in the case of telex or cable, on the business day immediately after transmission; or

iv) in the case of a facsimile, on the business day immediately after transmission provided

that the Joint Assignees has received an answer back confirmation.

20.3 No change in the Assignor’s address herein stated howsoever brought about shall be effective or

binding on the Joint Assignees unless actual notice of the change of address has been given to

20.4 Notwithstanding anything to the contrary herein provided, any letter of demand, notice statement,

reminder or certificate required to be given by the Joint Assignees hereunder shall not require to

be under the hand of or signed by any officer of the Joint Assignees where it is stated on such

letter of demand, notice, statement, reminder or certificate that the letter of demand, notice,

statement, reminder or certificate is computer generated and no signature is required for such

21. SUCCESSORS BOUND

This Assignment shall be binding upon the heirs, personal representatives, administrators,

executors and permitted assigns of the Assignor and the successors in title and assigns of

22. INVOLUNTARY LOSS

The Joint Assignees shall not be answerable for any involuntary loss to be suffered as a result of

or incidental to the exercise or the execution by the Joint Assignees of any power conferred on

the Joint Assignees by this Assignment or by statute and nothing herein contained shall render it

obligatory on the Joint Assignees either at law or in equity to make good any such involuntary

loss or any part thereof.

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23. DECLARATION FOR THE FACILITY

The Assignor hereby declares, confirms and undertakes as follows:-

(a) that all the information, particulars and declaration given, revealed and made by the

Assignor to the Joint Assignees in respect of this Assignment are true; and

(b) that neither the Assignor nor the spouse of the Assignor has taken any previous housing

loan or facility from any bank, financial institution or party in respect of the Property, save

as otherwise disclosed to the Joint Assignees.

In the event this declaration or any part thereof is found to be false, the Joint Assignees may at

their sole discretion declare an Event of Default has occurred and the decision of the Joint

Assignees shall be final and conclusive and shall not be questioned on any account whatsoever.

If the Assignor should fail to comply with the terms and conditions of this Assignment as may be

revised, then the Joint Assignees may at their absolute discretion, resort to any available remedy

provided under this Assignment and/or under the laws.

Time shall be the essence of this Assignment.

25. SEVERABILITY

If at any time any provision hereof is or becomes invalid, illegal or unenforceable in any respect,

such provision shall be ineffective to the extent necessary without affecting or impairing the

validity, legality and/or enforceability of the remaining provisions thereof.

26. DISCLOSURE

26.1 The Assignor hereby irrevocably consents to the disclosure by the Joint Assignees of any

information relating to this Assignment and/or the Assignor’s affair or accounts:-

(a) to the Joint Assignees’ auditors, legal counsel and other professional advisors;

(b) to any person who provides security interest and/or is a part to any agreements which

may constitute or form the basis of such security interest;

(c) to any relevant authorities having jurisdiction over the Joint Assignees including the

Ministry of Finance, Malaysia;

(d) to companies which are or which in the future may be a subsidiary, related and/or

associate company of the Joint Assignees;

(e) pursuant to any law or subpoena or order of the court; and/or

(f) to anyone the Joint Assignees deems fit if on a need to know basis

Provided always that any such disclosure by the Assignee 2 with regard to any information

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relating to the LPPSA Facility shall be subject to the prior written consent of the Assignee 1.

26.2 The Assignor hereby irrevocably consents and authorises the Joint Assignees to:

(a) use the information of the Assignor in accordance with the relevant terms and conditions

and for the purpose(s) contemplated herein;

(b) carry out the necessary reference checks, including but not limited to credit

reference/reporting checks, to further ascertain the details and status of the Assignor;

(c) provide the Assignor with information on the Joint Assignees’ products, services and/or

offers which may be of interest and/or financial benefit to them;

at the Joint Assignees’ sole discretion without further reference to the Assignor and/or other

relevant persons, for the duration that these terms and conditions are in force.

27. INDEMNITY

The Assignor shall at all times hereafter save harmless and keep the Joint Assignees

indemnified against all actions, proceedings, claims, demands, penalties, costs and expenses

which may be brought or made against or incurred by the Joint Assignees by reason or on

account of the non-observance of all or any of the stipulations on the part of the Assignor

contained in the Sale and Purchase Agreement, the Related Documents or any other documents

in relation thereto or otherwise howsoever.

No failure or delay on the part of the Joint Assignees in exercising nor any omission to exercise

any right, power, privilege or remedy accruing to the Joint Assignees upon any default on the

part of the Assignor shall impair any such right, power, privilege or remedy or be construed

as a waiver thereof or any acquiescence to such default; nor shall any action by the Joint

Assignees in respect of any default or acquiescence in any such default, affect or impair any

right, power, privilege or remedy of the Joint Assignees in respect of any other or subsequent

29. APPLICABLE LAW

This Assignment shall be governed by and construed in accordance with the laws of Malaysia

but in enforcing this Assignment, the Joint Assignees shall be at liberty to initiate and take action

or proceedings or otherwise against the Assignor in Malaysia and/or elsewhere as the Joint

Assignees may deem fit and the parties hereto hereby agree that where any action or

proceedings are initiated and taken in Malaysia they shall submit to the non-exclusive jurisdiction

of the courts of Malaysia of competent jurisdiction in all matters connected with the obligations

and liabilities of the parties under or arising out of this Assignment. The service of any writ of

summons or any legal process in respect of any such action or proceedings may be effected on

the Assignor by forwarding a copy of the writ of summons or other legal process by prepaid

registered post to his address(es) as indicated herein.

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30. NON-CONTRAVENTION OF THE MALAY RESERVATION ENACTMENT/ LAND CODES

30.1 It is hereby declared that the transaction herein is not in any manner whatsoever intended to

contravene any of the provisions of the respective Malay Reservations Enactment of the States

of Peninsular Malaysia or the National Land Code (Penang and Malacca) Titles Act 1963 , the

Labuan Native Title Act 2007, or Sabah Land Ordinance Cap 68 or Sarawak Land Code Cap 81

or the National Land Code 1965 (as the case maybe) and other applicable laws including but not

limited to laws relating to restrictions on dealings with the Property.

30.2 In the event that the approval of a Ruler in Council or other relevant authority as the case maybe

shall be needed or become necessary to give effect to the transaction herein, it shall be the

responsibility of the Assignor to obtain such approval and the Assignor hereby undertakes to

obtain the same.

31. PERSONAL DATA PROTECTION ACT 2010

31.1 The Assignor acknowledges and agrees that the Joint Assignees shall be entitled to obtain, use,

process and disclose data on the Assignor for the Joint Assignees to discharge their duties as a

corporate body. Such data shall include names, telephone numbers, identity card numbers and

addresses and such individuals have a right of access to the personal data that the Joint

Assignees may hold about such individuals pursuant to the Personal Data Protection Act 2010

31.2 The Joint Assignees shall be at liberty from time to time to disclose to each other information

concerning the affairs of the Assignor in such manner and to such extent as the Joint Assignees

may from time to time desire.

32. RECONSTRUCTION OF THE JOINT ASSIGNEES

The security, liabilities and obligations created by this Assignment shall continue to be valid and

binding for all purposes whatsoever notwithstanding any change by amalgamation,

reconstruction or otherwise which may be made in the constitution of the Joint Assignees or of

any company by which the business of the Joint Assignees may for the time being be carried on

and shall be available to the company carrying on that business for the time being.

33. CHANGES IN CIRCUMSTANCES

Notwithstanding any provisions to the contrary herein, in the event that by reason of the

enactment of or the making of any change in any applicable law, regulation or regulatory

requirement or in the interpretation or application thereof or the making of any request or

direction form or other fiscal or monetary authority (whether or not having the force of law) the

Joint Assignees shall be of the opinion that it has or will become unlawful for them to or it is

otherwise prohibited or prevented or maintain or make available the LPPSA Facility and the

Bank Facility or give effect to all or any of its obligations as contemplated by this Assignment

then, notwithstanding any other provisions herein, the Joint Assignees’ obligation under this

Assignment shall forthwith be terminated.

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34. ILLEGALITY

Where the introduction imposition or variation of any law, regulation or official directive or any

change in the interpretation or application thereof by any competent authority makes it apparent

to the Joint Assignees that it is unlawful or impractical without breaching such law order

regulation or official directive for the Joint Assignees to comply with any of their obligations under

this Assignment, then maintain fund or give effect to the Joint Assignees’ obligations hereunder

the Joint Assignees shall not then be liable or obliged to make available the LPPSA Facility and

the Bank Facility and proceed with this Assignment.

35. CUMULATIVE REMEDIES

The remedies provided herein are cumulative and are not exclusive of any other remedies

provided by law.

36. EXPENDITURE INCURRED BY THE JOINT ASSIGNEES FOR AND ON BEHALF OF THE

All moneys expended by the Joint Assignees hereunder from time to time for and on behalf of

the Assignor (relating to takaful plan/insurance policy, quit rents, assessments, rates, taxes,

repairs, legal costs, stamp duties, registration fees and all other outgoings including any

expenses incurred by the Joint Assignees in visiting, inspecting or reporting on the Property by

the Joint Assignees’ agent and or consultants) shall be regarded as part of the Indebtedness and

be indemnified by the Assignor on demand by the Joint Assignees .

37. VARIATION OF TERMS

It is hereby agreed and declared by the parties hereto that notwithstanding any of the provisions

and terms of this Assignment to the contrary, the provisions and terms of this Assignment may at

any time and from time to time, be varied and amended by mutual consents of the parties hereto

by any means as the parties may agree upon from time to time thereupon, such amendments

and variations shall be deemed to become effective and the relevant provisions of this

Assignment shall be deemed to have been amended or varied accordingly and shall be read and

construed as if such amendments and variations had been incorporated into and had formed

part of this Assignment at any time of execution hereof.

38. EFFECTIVE DATE

The parties hereto agree that this Assignment shall come into force on the date as stated in the

preamble hereto irrespective of the diverse dates upon which they may have each executed this

Assignment, respectively.

39. FORCE MAJEURE

Notwithstanding any other provisions herein, in the event the Joint Assignees are unable to

perform any obligations hereunder or any operations or to provide any service(s) due to any

reason beyond the Joint Assignees’ control, including but not limited to fire, earthquake, flood,

epidemic, natural catastrophe, accident, riots, civil disturbances, industrial dispute, act of public

enemy, embargo, war, act of God or any failure or disruption to telecommunication, electricity,

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water, fuel supply or any factor in a nature of a force majeure, the Joint Assignees shall not in

any way be liable for any failure on their part to perform such obligations or for any

inconvenience, loss, injury, damages suffered or incurred by the Assignor arising from the same.

40. CERTIFICATE OF INDEBTEDNESS

It is hereby agreed that any admission or acknowledgment in writing by the Assignor or by any

person authorised on behalf of the Assignor or a judgment (by default or otherwise obtained

against the Assignor) or a statement of account in writing showing the Indebtedness of the

Assignor which is duly certified by an authorised officer of the Joint Assignees shall, in the

absence of manifest error or except where fraud is proven, be binding and conclusive evidence

against the Assignee for whatever purpose including as being conclusive evidence of the

Indebtedness in a court of law.

41. ALL PAYMENTS RECEIVED TO BE PAYMENT IN GROSS

All moneys received by the Joint Assignees from any person or estate capable of being applied

in reduction of the Indebtedness shall be regarded for all purposes as payments in gross and if a

receiving order shall be made against any person liable to the Joint Assignees or any order be

made or any effective resolution shall be passed for the winding up of any company liable to any

of the Joint Assignees, the Joint Assignees may prove for the whole of the moneys then owing

and no money received under such proof shall be considered as having been received and the

full amount owing shall be payable until the Joint Assignees has received from all sources one

hundred cent in the Ringgit Malaysia and if the amount ultimately received by the Joint

Assignees exceeds the amount of the ultimate balance owing to the Joint Assignees the excess

only over such ultimate balance shall be paid to the person or party as the Joint Assignees at

that point of time deem appropriate.

42. ASSIGNOR AS PRINCIPAL DEBTOR

Although as between the Customer and the Assignor, the Assignor is a surety only for the

Customer, yet as between the Assignor and the Joint Assignees, the Assignor shall be principal

debtor and the Property shall be the principal security for the moneys due under this Assignment

and the LPPSA Property Sale Agreement and the Bank Financing Agreement and accordingly

the Assignor and the Property and every part thereof shall not be released at any time by any

indulgence given to the Customer or by any scheme of arrangement or composition entered into

with the Customer or by any act, matter or thing whereby the Assignor as a surety only or the

Property or any part thereof might be released and discharged.

43. INDEPENDENT LEGAL ADVICE

The Assignor hereby confirms, represents and warrants to the Joint Assignees that in the

execution and delivery of this Assignment, the Assignor has sought, obtained and relied upon

his own independent legal advice and has not relied upon any representation, statement or

advice from the solicitors, agents or officers of the Joint Assignees and the Assignor hereby

acknowledges that the Joint Assignees have accepted and entered into this Assignment on the

basis of and in full reliance upon the aforesaid confirmations, representations and warranties and

the Assignor hereby further agrees, covenants and confirms that the aforesaid confirmations,

representations and warranties shall survive and continue to have full force and effect after the

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execution and delivery of this Assignment notwithstanding any investigation by or on behalf of

44. PRIORITY OF DOCUMENTATION

In the event of any inconsistency between the provisions of this Assignment, the LPPSA

Property Sale Agreement and the Bank Financing Agreement on the issue of priority of payment,

the provisions of this Assignment shall prevail over the provisions of the LPPSA Property Sale

Agreement and the Bank Financing Agreement.

45. CUSTODY OF ASSIGNMENT

The parties hereby agree that Assignor 1 shall at all times hold custody of the original copy of

this Assignment.

46. SECONDARY INSTRUMENT

It is hereby agreed and declared that this Assignment and the LPPSA Property Sale Agreement

and the Bank Financing Agreement are all instruments to secure payment of the Indebtedness

therefor within the meaning of Section 4(3) of the Stamp Act 1949 (Consolidated and Revised in

1989) and for the purposes of the said Section, this Assignment is deemed to be the secondary

[The rest of the page is intentionally left blank]

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IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first

abovementioned.

The Assignor Assignor 1 SIGNED by ) THE ASSIGNOR ) ………………………………….. in the presence of:- ) Name: NRIC No.: Army/Police No.:

Assignor 2 ………………………………….. Name: NRIC No.: Army/Police No.:

The Joint Assignees Assignee 1 SIGNED by ) ) as Attorney for and behalf of ) LEMBAGA PEMBIAYAAN ) PERUMAHAN SEKTOR AWAM ) (THE PUBLIC SECTOR HOME ) FINANCING BOARD) ) in the presence of:- ) …………………………………. Name: NRIC No.: Assignee 2 SIGNED by ) ) as Attorney for and behalf of ) ) in the presence of:- ) …………………………………. Name: NRIC No.:

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I,……………………………………………………………………… an Advocate and Solicitor of the High

Court of Malaya practising at ………………………………………………hereby certify that the

signature of the donor (s) abovenamed was written in my presence on this………day

of …………………………………..20 and is to my personal knowledge the true signature of the

Assignor who has acknowledge to me that he/she/they is of full age and that he/she/they has

voluntarily executed this Assignment.

Witnessed My Hand,

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FIRST SCHEDULE (which is to be taken and construed as an integral part of this Assignment)

Section Item Particulars

1 Name and description of the Assignor, Address/ Registered Address

Name: NRIC No.: Army/Police No: Address (per Letter of Offer)

2 Name and description of the Assignee 2, Address/ Registered Address

3 The day month and year of the Sale and Purchase Agreement

4 Particulars of the Property

5 Particulars of the LPPSA Property Sale Agreement

6 Particulars of the Bank Financing Agreement

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We..............................................................................................…………………of.......................................

.......................................................................................................................................................................

DO HEREBY ACKNOWLEDGE that the foregoing Joint Deed of Assignment was intimated to us by the

delivery of a true copy thereof and *we do hereby consent to the same:

Dated this .…................ day of.…….............20…..

SIGNED by for and behalf of ) THE PROPRIETOR ) ………………………………….. in the presence of:- ) Name: NRIC: *To strikethrough if inapplicable.

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We..............................................................................................………………………of................................

......................................................................................................................................................................

delivery of a true copy thereof and *we do hereby consent to the same.

Dated this .…............. day of.…...............20….

SIGNED by for and behalf of ) THE DEVELOPER ) ………………………………….. in the presence of:- ) Name: NRIC: *To strikethrough if inapplicable. Properties under Housing Development (Control and Licensing) Act do not require the consent of the developer. Lawyers handling the loan documentation to confirm and to do the necessary.

Dated the day of 20 - CIMBSecure Site  · In this Deed of Assignment unless the context otherwise requires and unless the terms of this Deed of Assignment expressly provides otherwise

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Deed of Assignment · PART  – Sub Heading Deed of Assignment: GENS6751 06/2019 By the above named (Print name of Assignor) Now this deed witnesseth as follows: 1. The Assignor

Deed of Assignment · PART – Sub Heading Deed of Assignment: GENS6751 06/2019 By the above named (Print name of Assignor) Now this deed witnesseth as follows: 1. The Assignor

Cover Page Deed of Assignment€¦ · 23/06/2009  · Assignment of Effluent Supply Agreement Deed of Assignment Meeting Date: 23 June 2009 Number of Pages: 7 . Council Tender C07-0809

Cover Page Deed of Assignment€¦ · 23/06/2009  · Assignment of Effluent Supply Agreement Deed of Assignment Meeting Date: 23 June 2009 Number of Pages: 7 . Council Tender C07-0809

AUTHOR I COMPOSER ASSIGNMENT DEED This Deed .sfy Q< I J

AUTHOR I COMPOSER ASSIGNMENT DEED This Deed .sfy Q

[NAME OF PARTY - cimbank.com.my Party Deed of Assignment (CIMB...Assignment expressly provides otherwise the following words and expressions shall have the following meanings:- “Accessory

[NAME OF PARTY - cimbank.com.my Party Deed of Assignment (CIMB...Assignment expressly provides otherwise the following words and expressions shall have the following meanings:- “Accessory

AUTHOR I COMPOSER ASSIGNMENT DEED

AUTHOR I COMPOSER ASSIGNMENT DEED

Deed of Assignment (Insurance Claims) - TSB · Deed of Assignment (Insurance Claims) 184493-:183 2 Deed of Assignment (Insurance) Details 4 ... 17.6 Assignment 19 17.7 Acknowledgement

Deed of Assignment (Insurance Claims) - TSB · Deed of Assignment (Insurance Claims) 184493-:183 2 Deed of Assignment (Insurance) Details 4 ... 17.6 Assignment 19 17.7 Acknowledgement

Tax Sales, Redemptions and Tax Deed Proceedings in Illinois€¦ ·  · 2013-07-09Tax Deed Proceedings in Illinois Matthew A. Flamm John W. Stanko, ... C. Assignment and Proveup

Tax Sales, Redemptions and Tax Deed Proceedings in Illinois€¦ ·  · 2013-07-09Tax Deed Proceedings in Illinois Matthew A. Flamm John W. Stanko, ... C. Assignment and Proveup

(DRAFT DEED OF ASSIGNMENT IN CONSONANCE WITH THE …202.61.117.163/attachments/GridAttach/hira/nproj/17091000000003/axp...1 (draft deed of assignment in consonance with the wbhira

(DRAFT DEED OF ASSIGNMENT IN CONSONANCE WITH THE …202.61.117.163/attachments/GridAttach/hira/nproj/17091000000003/axp...1 (draft deed of assignment in consonance with the wbhira

deed of assignment lppsa

First refuelling for Russia’s Akademik Lomonosov floating NPP

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deed of assignment lppsa

The FNPP includes two KLT-40S reactor units. In such reactors, nuclear fuel is not replaced in the same way as in standard NPPs – partial replacement of fuel once every 12-18 months. Instead, once every few years the entire reactor core is replaced with and a full load of fresh fuel.

The KLT-40S reactor cores have a number of advantages compared with standard NPPs. For the first time, a cassette core was used, which made it possible to increase the fuel cycle to 3-3.5 years before refuelling, and also reduce by one and a half times the fuel component in the cost of the electricity produced. The operating experience of the FNPP provided the basis for the design of the new series of nuclear icebreaker reactors (series 22220). Currently, three such icebreakers have been launched.

The Akademik Lomonosov was connected to the power grid in December 2019, and put into commercial operation in May 2020.

Electricity generation from the FNPP at the end of 2023 amounted to 194 GWh. The population of Pevek is just over 4,000 people. However, the plant can potentially provide electricity to a city with a population of up to 100,000. The FNPP solved two problems. Firstly, it replaced the retiring capacities of the Bilibino Nuclear Power Plant, which has been operating since 1974, as well as the Chaunskaya Thermal Power Plant, which is more than 70 years old. It also supplies power to the main mining enterprises located in western Chukotka. In September, a 490 km 110 kilovolt power transmission line was put into operation connecting Pevek and Bilibino.

Image courtesy of TVEL

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deed of assignment lppsa

IMAGES

  1. Deed of Assignment LPPSA

    deed of assignment lppsa

  2. DEED OF Assignment AND Transfer OF Rights

    deed of assignment lppsa

  3. Deed of Assignment

    deed of assignment lppsa

  4. Deed Of Assignment printable pdf download

    deed of assignment lppsa

  5. Joint Deed of Assignment

    deed of assignment lppsa

  6. Deed of Assignment Forms

    deed of assignment lppsa

VIDEO

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COMMENTS

  1. DOC Deed of Assignment (Conventional)

    Deed of Assignment (Conventional) IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first above mentioned. SIGNED by ) THE ASSIGNOR 1 in the presence of:- ) Name: NRIC No.: Army/Police No.: SIGNED by ) THE ASSIGNOR 2 in the presence of:- ) Name: NRIC No.: Army/Police No.: SIGNED by )

  2. Post-Disbursement Forms

    Deed of Assignment LPPSA_DOA_2.2018: DISCHARGE OF CHARGE DOCUMENT FORM NAME; Application Form For Placement Registration Standard Cover Letter for Mortgage Release (LPPSA / DOC & PA / 1.2018) Deed of Receipt & Reassignment Document (LPPSA/R&R/1.2016) Federal Government Gazette - Public Sector Home Financing Board (Vesting Date) Order 2015 ...

  3. Pelbagai Borang Gadaian

    Deed of Assignment LPPSA_DOA_2.2018: DOKUMEN PELEPASAN GADAIAN (DISCHARGE OF CHARGE) Borang Permohonan Untuk Pendaftaran Perletakhakan Surat Iringan Standad Bagi Urusan Pelepasan Gadaian (LPPSA/DOC & PA/1.2018) Dokumen Deed of Receipt & Reassigment (LPPSA/R&R/1.2016) Warta Kerajaan Persekutuan - Perintah Lembaga Pembiayaan Perumahan Sektor Awam ...

  4. Conveyancing

    Our clients can expect professional counsel and in-depth expertise when it arrive to conveyancing matters and transactions relating to it. Either buying or selling, financing or investing, to lawyers possess the requisite industry know-how and skills to execute the task at hand. Post-Disbursement Download | LPPSA

  5. Deed of Assignment LPPSA

    Deed of Assignment LPPSA - DOA - 2.2018 Latest Schedule Words | PDF | Property Law | Government Deed-of-Assignment-LPPSA_DOA_2.2018-Latest-Schedule-Words - Read online for free.

  6. What to do if your property documents go missing?

    LPPSA; Civil servants who obtain LPPSA loans may submit an application to LPPSA to recover a copy of the SPA document. 4. Certificate of Completion and Compliance or CCC document ... Deed of Assignment. Actually, the Deed of Assignment (DOA) consists of several types of documents. For the sale and purchase of a property, there are two important ...

  7. PDF Without Title (Deed of Receipt & Reassignment)

    i) CTC of Deed of Assignment (by way of security) 4. Undertaking to deliver a stamped copy of the following documents within 14 days of stamping of the same:- A. Deed of Receipt and Reassignment between the Purchaser(s) and Financier duly registered at High Court - loan fully settled 5 Data Form duly completed by the following parties:

  8. DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS

    DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS. KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this 23rd of July 2019 at the City of Cebu, Philippines, by and between: (NAME OF ASSIGNOR), Filipino, of legal age, single/married to (Name of Spouse, if any) and a resident of (Address of Residence), hereinafter referred to as the ...

  9. What Do You Need To Know About The Deed of Assignment?

    If the individual title is issued when entering into a SPA: The stamp duty will be calculated based on the property purchase price (as stated in the Memorandum of Transfer and SPA), or the property's market value. If the individual title is not issued when entering into a SPA: Both the SPA and Deed of Assignment will bear a nominal stamp duty of RM10 on each copy of the documents.

  10. Different between discharge of charge and deed of receipt and reassignment

    If it involved Master Title, then the Purchaser/Borrower need to sign the Deed of Assignment document and Power of Attorney upon signing the loan documents with the Bank. However, if the property already has its Individual or Strata Title, then the Purchaser/Borrower will do the Perfection of Charge. In a simple understanding, a security given ...

  11. Post-Disbursement Forms

    Deed for Assignment LPPSA_DOA_2.2018: DISCHARGE BY RENTAL DOCUMENT FORM NAME; Application Form For Placement Registration Standard Cover Letter for Mortgage Release (LPPSA / DOC & PA / 1.2018) Exploit of Receipt & Reassignment Document (LPPSA/R&R/1.2016) Federative Government Gazette - Public Sector Starting Financing Board (Vesting Date) Order ...

  12. Apa Yang Anda Perlu Tahu Tentang Surat Ikatan Penyerahan Hak (Deed of

    Deed of Assignment (DOA) adalah dokumen sah yang memindahkan hak milik hartanah daripada satu pihak ke pihak yang lain. Anda juga perlu menyediakan DOA kalau anda nak buat permohonan pinjaman perumahan di Malaysia. Kat Mana Surat Ikatan Penyerahan Hak Akan Muncul Dalam Proses Jual Beli Hartanah?

  13. Conveyancing

    Our clients can expect professional counsel and in-depth expertise when this comes to conveyancing matters and transactions relating to it. Either buying or sell, financing or invest, our lawyers possess the requisite industry know-how both our until execute the task per hand.

  14. DOC LPPSA

    NOW THIS DEED WITNESSETH that in consideration of all the moneys paid by the Assignor(s) to the Assignee, the Assignee hereby reassigned all its rights, title, interest and benefit in and to the Sale and Purchase Agreement previously assigned to the Assignee by virtue of the Deed of Assignment (to which is described in the first schedule hereto)...

  15. STAMP DUTY EXEMPTION IN MALAYSIA

    Stamp Duty applicable on loan and instrument of transfer for LPPSA. The applicable law is Stamp Duty (Exemption) Order 2017 [P.U.(A) 40] which came into force on 01.01.2017. It applies to all instrument executed in relation to any home financing facility under the Public Sector Home Financing Board Act 2017 [Act 767]. In Malay, it is known as ...

  16. Deed of receipt and reassignment in Malaysia by the lawyer

    Revoke Power of Attorney at High Court. 5. Purchaser/Borrower can collect all Original Documents for their safekeeping. • Documents needed for Deed of Receipt and Reassignment:-. 1. Identity card of Purchaser/Borrower. 2. Prove of settlement of the housing loan from the Bank (if any) 3.

  17. I have paid off the mortgage loan for my condo....

    1 Answer askguru expert PropertyGuru Replied 2 Mar 2021 Hi there, and good day! Congrats on settling the loan. Let's take a look at Deed Of Assignment. This is a legal document to show that the ownership of a property has been transferred from one party to another.

  18. Perkara Anda Perlu Lakukan Apabila Sudah Habis Bayar Hutang Rumah

    Agreement, Deed of Assignment, Property Sale Agreement, Property Purchase Agreement dan sebagainya). Selepas peguam menerima dokumen-dokumen di atas, peguam akan menyemak dokumen anda untuk menentukan apakah jenis dokumentasi yang pihak peguam akan sediakan. ... (LPPSA)? Pada kebiasaannya, bagi kes melibatkan pelepasan gadaian daripada LPPSA ...

  19. (PDF) Joint Deed of Assignment

    lppsai_jdoa_1.2018 no.rujukan fail: dated this day of 20 b e t w e e n the person stated under section 1 of the first schedule hereto ("assignor") a n d lembaga pembiayaan…

  20. ELLOGISTIK, OOO Company Profile

    Industry: General Freight Trucking , Urban Transit Systems , Warehousing and Storage , Other Support Activities for Transportation , Support Activities for Rail Transportation See All Industries, Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers , Trucking, except local, Local and suburban transit, General warehousing and storage, Transportation services, nec, Cargo ...

  21. BETA GIDA, OOO Company Profile

    Find company research, competitor information, contact details & financial data for BETA GIDA, OOO of Elektrostal, Moscow region. Get the latest business insights from Dun & Bradstreet.

  22. TITAN META, OOO Company Profile

    TITAN META, OOO Company Profile | Elektrostal, Moscow region, Russian Federation | Competitors, Financials & Contacts - Dun & Bradstreet

  23. First refuelling for Russia's Akademik Lomonosov floating NPP

    Rosatom's fuel company TVEL has supplied nuclear fuel for reactor 1 of the world's only floating NPP (FNPP), the Akademik Lomonosov, moored at the city of Pevek, in Russia's Chukotka Autonomous Okrug. The supply of fuel was transported along the Northern Sea Route. The first ever refuelling of the FNPP is planned to begin before the end of ...