MKH Berhad 201 32. LOANS AND BORROWINGS (CONT’D) Term loan IV of RM9,787,540 (2020: RM178,407) is part of the total term loan of RM25,500,000, which is repayable by 8 quarterly principal instalments of RM3,187,500 each or any balance outstanding with the first repayment to commence on 27th month following the date of first drawdown or payment by way of redemption whichever is earlier. The term loan is secured and supported as follows: (a) specific debenture on fixed and floating charge over all assets of the project of a subsidiary; (b) charge over designated account; and (c) corporate guarantee of the Company. Term loan V of RM4,474,902 (2020: RMNil) is part of the total term loan of RM30,000,000, which is repayable by 8 quarterly principal instalments of RM3,750,000 each or any balance outstanding with the first repayment to commence on 33rd month following the date of first drawdown or payment by way of redemption whichever is earlier. Secured revolving credit VIII of RM3,000,000 (2020: RMNil) is part of the total revolving credits of RM10,000,000 and is repayable by 8 quarterly principal instalments of RM1,250,000 each or any balance outstanding with the first repayment to commence 33rd month following the date of first drawdown or payment by way of redemption whichever is earlier. The term loan and revolving credit are secured and supported as follows: (a) specific debenture on fixed and floating charge over all assets of the project of a subsidiary; (b) specific charge and assignment over designated accounts; and (c) corporate guarantee of the Company. Term loan VI of RM19,890,067 (2020: RM68,038,541) is repayable in 20 quarterly principal instalments commencing 9th month following the date of first drawdown. Secured revolving credit IX of RM31,439,654 (2020: RM52,026,525) is repayable on demand. The term loan and revolving credits are secured and supported as follows: (a) legal charge over the oil palm plantation land of a subsidiary in Indonesia; (b) pledged of shares of a subsidiary; and (c) corporate guarantee of the Company. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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