PARTICULARS OF PROPERTY DESCRIPTION OF PROPERTY : The subject property is A Three (3) Storey Shop / Office identified as POSTAL ADDRESS OF UNIT : ▇▇▇▇ ▇▇. ▇▇▇ ▇-▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Seri ▇▇▇▇▇▇, Taman Seri ▇▇▇▇▇▇, ▇▇▇▇▇ MUKIM / DISTRICT / STATE : ▇▇ / ▇▇▇▇▇ ▇▇▇▇ / ▇▇▇▇▇▇ PROVISIONAL LAND AREA : Approximately 65.59 square metres (706 square feet) TENURE : Freehold VENDOR / PROPRIETOR : JKP Sdn. Bhd. (Company No.: 350606-W) ENCUMBRANCE : Assigned to Maybank Islamic Berhad pursuant to the said Agreements and subject to all easements, leases, tenancies, occupiers, charges, caveats, previous sale and purchase, previous assignment, covenants, liabilities subsisting thereon or thereover. The property will be sold on an “as is where is” basis, subject to a reserve price of RM150,000.00 (Ringgit Malaysia One Hundred Fifty Thousand) only, subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit 10% of the fixed reserve price by bank draft or cashier’s order only in favour of Maybank Islamic Berhad prior to the sale with the under mentioned Auctioneer. Settlement of the balance purchase price : The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Maybank Islamic Berhad. For further particulars, please contact Messrs. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ & ▇▇▇ ▇▇▇▇▇▇ Solicitor for the Assignee/Bank herein whose address is at Advocates & ▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ [Telephone No : ▇▇-▇▇▇ ▇▇▇▇ / Facsimile No. ▇▇-▇▇▇ ▇▇▇▇ / Reference : L/ARI/438/2020/NS (GHL)] or the under mentioned Auctioneer. Website: ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ FB Page: RAJ Auction House
Loss of Property all or a substantial part of the business or assets of any Security Party is destroyed, abandoned, seized, appropriated or forfeited for any reason, and such occurrence in the reasonable opinion of the Agent (acting on the instructions of the Majority Lenders) has or could reasonably be expected to have a Material Adverse Effect; or
Description of Property A narrative description of the Real Estate, the improvements thereon and the tenants and Leases relating to such Real Estate.
Operation of Property To continue to operate the Property consistent with past practices.
Operation of Properties The Borrower will and will cause each Subsidiary to operate its Properties or cause such Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.