The Main Terms And Conditions ATTACHMENT For Hong Leong CM roperty Financing-i & Hong Leong Home Furnishing Financing: Conditions Precedent for the disbursement of the Facility(ies) Amount:- unconditional acceptance of this letter and the retum of the same to the Bank within the time-limit prescribed by the Bank; 1 2 the Bank has received the following documents in the form and substance acceptable to the the duly executed and stamped original Sale and Purchase Agreement between you/Customer(s) and the vendor/developeriproprietor, as the case may be; all legal and security documents required by the Bank have been duly executed, stamped and if required, lodged, presented and registered with such registries and authorities as the Bank may deem necessary or expedient; all relevant undertakings and consents that the Bank deems appropriate and necessary from the vendor/developeriproprietor and other relevant parties, as the case may be; confirmation from the Bank's solicitors that the difference between the Facility(ies) Amount stated in the Sale and Purchase Agreement between the vendor/developeriproprietor and you and the said Property Financing sum has been settled by you; confirmation from the Bank's solicitors that the said Property is free from all encumbrances or ifencumbered, the relevant letters of undertaking, disclaimers and consents from the existing encumbrancer(s) to release or discharge their security interests with respect to the said Property. confirmation by the Bank's solicitors that you and the security parties (if any) have ot been declared bankrupt or wound-up (as the case may be) nor are there any Prosecution, bankruptcy/winding-up or analogous proceedings threatened, pending or commenced against you or any of the security parties; if you and/or the security parties are companies, certified true copies of the respective Memorandum and Articles of Association of your company and/or the security parties, current Forms 24 and 49 and the resolution(s) of the Board of Directors confirming acceptance of the Facility(ies) and/or the creation of the respective securities in favour of the Bank; the Standing Instructions to the Bank for the payment of the Grace Period Profit Instalments (if applicable) and the Monthly Instalments; where the Facility(ies) Amount is disbursed progressively, the relevant architect's certificates; where the Facilty(ies) Amount or any part thereof is for the purchase of property under development or for the construction of residentia/commercial property, as the case may be, all the approvals from the relevant government and local authorities for the development or construction of the property, including but not limited to development order, building plans and layout plans; a valuation report on the said Property by a valuer on the Bank's panel confirming that the forced sale value/open market value of the said Property, whichever is required, is not less than the amount stated in this letter; and where there is a contract sum granted (in respect of a renovation/construction contract):- (aa) the renovation/construction contract or quotation or such other valid and binding documentary evidence to confirm the construction costs for the renovation/construction of the said Property; (bb) the difference between the construction costs and the contract sum has been settled by you; (cc) the securing of the Takaful Mortgage Plan ("MRTT"YLong-term Houseowner’s Takaful, whichever is required, with the Bank's interest as mortgagee and loss payee endorsed on the certificate; (dd) the quit rent, assessment and other outgoings including penalty (if any) on the said Property have been paid in full by you/vendor/developer/proprietor, as the case may be; (ee) all legal fees/charges and other costs incurred in the preparation and completion of the documents have been paid by you; and (f) any other pre-disbursement conditions as may be required by the Bank. The Bank's Selling Price (also known as Commodity Sale Price in the letter of offer) comprises the Facility(ies) Amount, Profit Margin and if applicable, Grace Period Peofit. The Profit Margin and Grace Period Profit is calculated based on the Contracted Profit Rate. a) b) Bank i it i iv v. vi vii. vill ix, x xi xii Payment a) b) i ‘The opening of savings or current account with the Bank; HLISBI/CM Flexi Ppty/TnC incl HFF-i Sep 2018 4