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