Common use of PERMITTED PURCHASER Clause in Contracts

PERMITTED PURCHASER. 7.1 Notwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer of the property (“The Developer”) and /or the Proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Purchaser”), than the property shall only be sold to the permitted Purchaser. 7.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchase.

Appears in 93 contracts

Sources: Loan Agreement, Loan Agreement, Proclamation of Sale

PERMITTED PURCHASER. 7.1 Notwithstanding 6.1 Nothwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer developer of the property (“The Developer”) and /or and/or the Proprietor proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g e.g. Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Permittted Purchaser”), than the property shall only be sold to the he permitted Purchaserpurchaser. 7.2 6.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchasepurchase (“The Purchaser”).

Appears in 28 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement

PERMITTED PURCHASER. 7.1 Notwithstanding 6.1 Nothwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer developer of the property (“The Developer”) and /or and/or the Proprietor proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g , e. g. Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Permittted Purchaser”), than the property shall only be sold to the he permitted Purchaserpurchaser. 7.2 6.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchasepurchase (“The Purchaser”).

Appears in 11 contracts

Sources: Loan Agreement, Loan Agreement, Sale Agreement Cum Assignment

PERMITTED PURCHASER. 7.1 6.1 Notwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer of the property (“The Developer”) and /or the Proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Purchaser”), than the property shall only be sold to the permitted Purchaser. 7.2 6.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchase.

Appears in 4 contracts

Sources: Property Sale Agreement, Loan Agreement, Loan Agreement

PERMITTED PURCHASER. 7.1 Notwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer developer of the property (“The Developer”) and /or and/or the Proprietor proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Purchaser”), than the property shall only be sold to the permitted Purchaserpurchaser. 7.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchase.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement, Property Sale Agreement

PERMITTED PURCHASER. 7.1 Notwithstanding 6.1 Nothwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer developer of the property (“The Developer”) and /or and/or the Proprietor proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g , e. g. Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Purchaser”), than the property shall only be sold to the he permitted Purchaserpurchaser. 7.2 6.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchasepurchase (“The Purchaser”).

Appears in 1 contract

Sources: Deed of Assignment

PERMITTED PURCHASER. 7.1 Notwithstanding 6.1 Nothwithstanding whether it is expressly stated in the Proclamation of Sale, in the event that the Developer developer of the property (“The Developer”) and /or and/or the Proprietor proprietor of the master title on which the property is erected (“The Proprietor/Landowner”) or applicable laws or regulations affecting the property imposes the conditions that the property can only be sold to an individual, or certain category of persons or corporate body, e.g e.g. Malay, a Bumiputra or a Malay Company or Bumiputra Company (“The Permitted Purchaser”), than the property shall only be sold to the he permitted Purchaserpurchaser. 7.2 6.2 All intending bidders at the auction sale shall be deemed to have made all the relevant enquiries and have received independent legal advice on all restrictions affecting the property and are further deemed to have been fully satisfied that they fall within the category of the permitted purchasepurchase (“The Purchaser”).

Appears in 1 contract

Sources: Loan Agreement