Common use of Nomination Clause in Contracts

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇ ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRIC/Passport No.: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 2 contracts

Sources: Wakalah Agreement, Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇ Resi ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRIC/Passport No.Number: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 2 contracts

Sources: Wakalah Agreement, Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of the nominee during the lifetime of the Investor, a nomination shall not be revoked. For the Company Name: ▇▇▇▇ Resi ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa For the Investor Name: NRICPassport/Passport ID No.: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇ ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRIC/Passport No.: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of the nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇ Resi ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRICPassport/Passport ID No.: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of the terms of the this Agreement. 7.7.17.8.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.17.8.1.1. The Investor’s written notice via an email; or 7.7.1.27.8.1.2. The Investor’s death. 7.7.27.8.2. The Investor hereby grants the Company company a permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.37.8.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the ProjectCompany. 7.7.47.8.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.57.8.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, Investors the payouts shall be transferred to the Nominee. 7.7.67.8.6. The Investor may from time to time revoke any such nomination and/or and / or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. For the Company Name: ▇▇▇▇ ▇▇▇▇▇▇▇Aradia Badjamal Designation: Director PT Sentosa Membangun Bangsa For the Investor Name: NRICPassport/Passport ID No.: Digitally agreed on date: (which shall be read, taken and construed as an essential part of this AgreementNo signature required)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. For the Company Name: ▇▇▇▇ Resi ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa For the Investor Name: NRICPassport/Passport ID No.: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of the terms of the this Agreement. 7.7.17.8.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.17.8.1.1. The Investor’s written notice via an email; or 7.7.1.27.8.1.2. The Investor’s death. 7.7.27.8.2. The Investor hereby grants the Company a permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.37.8.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.47.8.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.57.8.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, Investors the payouts shall be transferred to the Nominee. 7.7.67.8.6. The Investor may from time to time revoke any such nomination and/or and / or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇▇▇ ▇▇▇▇Aradia Designation: Director PT Sentosa Membangun Bangsa Esensi Prima Cipta Name: NRICPassport/Passport ID No.: Digitally agreed on date: (which shall be read, taken and construed as an essential part of this Agreement)No signature required) Name: Aliva Avdullah Designation: Director PT Esensi Prima Cipta

Appears in 1 contract

Sources: Musharakah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of the terms of the this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company company a permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the ProjectCompany. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, Investors the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or and / or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: ▇▇▇▇▇▇ ▇▇▇▇Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRICPassport/Passport ID No.: Digitally agreed on date: (which shall be read, taken and construed as an essential part of this AgreementNo signature required)

Appears in 1 contract

Sources: Wakalah Agreement

Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement. 7.7.1. The assignment shall be effective only upon the occurrence of one of the following: 7.7.1.1. The Investor’s written notice via an email; or 7.7.1.2. The Investor’s death. 7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month. 7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project. 7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause. 7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee. 7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. For the Company Name: ▇▇▇▇ Resi ▇▇▇▇▇ Aradia Designation: Director PT Sentosa Membangun Bangsa For the Investor Name: NRIC/Passport No.Number: (which shall be read, taken and construed as an essential part of this Agreement)

Appears in 1 contract

Sources: Wakalah Agreement