MKH Annual Report 2017

28. LOANS AND BORROWINGS (continued) Term loan V of RM684,129 (2016: RM1,271,830) is repayable by 96 monthly instalments of RM52,875 each commencing December 2010 and is secured and supported as follows: (a) by way of charge over the freehold buildings of a subsidiary upon issuance of titles; (b) first party open monies deed of assignment; and (c) corporate guarantee of the Company. Term loan VI of RM1,855,084 (2016: RM3,588,518) is repayable in 19 quarterly principal instalments of RM471,076 each and final instalment to be calculated and advised by the bank commencing on 4th month after the first drawdown. Secured revolving credit IV RM24,400,000 (2016: RM23,000,000) is repayable on demand. The term loan and revolving credit are secured and supported as follows: (a) facility agreement; (b) legal charge over the leasehold land and building of a subsidiary; (c) legal assignment over debt service account; (d) legal assignment over all tenancy and rent agreements; (e) specific debenture on fixed and floating charge over the leasehold land and building of a subsidiary; (f) deed of subordinate in respect of shareholders advances and loans to the subsidiary; (g) legal assignment of all of the subsidiary’s present and future rights, title and benefits in and under such insurance policies procure in respect of the charge; and (h) corporate guarantee of the Company. Term loan VII of RM4,576,379 (2016: RM4,699,093) is repayable in 300 monthly principal instalments of RM28,269 each, commencing November 2014 and is secured and supported as follows: (a) legal charge over the freehold buildings; (b) first party open monies deed of assignment; and (c) corporate guarantee of the Company. Notes to the Financial Statements For the Financial Year ended 30 September 2017 174 MKH Berhad • Annual Report 2017