(Letterhead of the Customer)
Date:
NOTICE OF UTILISATION
The Manager
OCBC Al-Amin Bank Berhad
[Branch address]
Dear Sirs,
FACILITY: *Bai Bithaman AjilTerm Financing-i / *Diminishing Musharakah Asset Financing-i /*Ijarah Muntahiah bi Al-Tamlik Term Financing-i Facility
Letter of Offer: letter of offer dated ______and all supplements and variations thereto
Facility Limit: RM [Specify Facility Limit]
Notice of Utilisation
We refer to the above Facility granted pursuant to the terms of the Letter of Offer, Transaction Documents and Security Documents (such as Facilities Agreement, if applicable) (collectively, “Financing Documents”)). Terms,unless otherwise defined herein, shall have the same meanings as defined in the Letter of Offer.
We hereby:-
(i) / give you irrevocable notice that we wish to request for a Disbursement under the Facility of the amount of Ringgit Malaysia[Specify amount of Disbursement in words here] (RM ) on [insert date] ;(ii) / request you to remit the amount disbursed to
(iii) / Select [insert of months]rental period. (Applicable for COF-based financing only) *
We hereby represent and warrant to you that:-
(a) / the representations and warranties stated in the Financing Documents are true and accurate as at today’s date;(b) / no Event of Default/Termination Event/Purchasing Event as defined in the Financing Documents has occurred and no event has occurred which with the giving of notice or lapse of time or both would constitute a Purchasing Event;
(c) / the making of the Disbursement hereby requested will not give rise to aEvent of Default/Termination Event/Purchasing Event(as applicable) nor will it cause any of the Representations stated in the Financing Documents to become untrue or incorrect as if made at the date of such disbursement and there is not, so far as we are aware, any reason why we will not be permitted to make any payment as required under the Financing Documents; and
(d) / from the date when we first applied for the Facility, there have been no material alterations or changes in our business or other affairs which could or might adversely affect your decision to proceed with or to make available the Facility.
We enclose the following supporting documents for the disbursement:-
(i) [e.g. Contractor’s/vendor’s billing/invoice, etc]
(ii) [e.g. Architect’s certificate No. … ]
Authorised Signatories
* Delete if not applicable