196 Annual Report 2022 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 LOANS AND BORROWINGS (CONT’D) 33. Term loan VI of RM3,843,783 (2021: RM4,008,705) is repayable in 300 monthly principal instalments of RM25,857 each, commencing November 2014 and is secured and is supported as follows: (a) (b) (c) legal charge over the freehold buildings of a subsidiary; first party open monies deed of assignment; and corporate guarantee of the Company. Term loan VII of RM416,305 (2021: RM1,660,163) is repayable by 60 monthly instalments of RM100,000 each, commencing on 1st month from date of disbursement and is secured and is supported as follows: (a) (b) (c) legal charge over the leasehold building of a subsidiary; assignment of all rights, title and interest in respect of rental proceeds from leasehold building; and corporate guarantee of the Company. Secured revolving credit XII of RM35,273,000 (2021: RM40,773,000) is repayable on demand. The revolving credit is secured and are supported as follows: (a) (b) (c) (d) legal charge over the leasehold land and building of a subsidiary; specific debenture by way of fixed and floating charge over the leasehold land and building of a subsidiary; legal assignment of rental proceeds from the investment property of a subsidiary; and corporate guarantee of the Company. Term loan VIII of RM668,394 (2021: RMNil) is repayable on demand and is secured and is supported as follows: (a) (b) (c) (d) specific debenture over the property project; assignment over all applicable insurance policies; assignment over designated accounts; and corporate guarantee of the Company.
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