Reduction of Facility Limit. 21.1 If, at any time, we determine that the adjusted purchase price is lower than that stated by you, we reserve the right to reduce the facility limit. 21.2 We reserve the right to review or alter the facility limit at our discretion and shall give prior written confirmation to you in such event and any decision of ours shall be final and conclusive on you. 21.3 In the case of a Property Loan used for refinancing, we may vary the facility limit after we have determined the total amount of CPF savings used to purchase the property and make payments to any prior mortgagee of the property.
Appears in 3 contracts
Sources: Property Loan Agreement, Property Loan Agreement, Property Loan Agreement