Bhailoog

SUPPLEMENTAL LETTER OF HYPOTHECATION OF MACHINERY KASB consecrate Limited, Main Branch, Business & invent Centre, I. I. Chundrigar Road, Karachi. Dear Sirs, WHEREAS by lawfulness of Letter of Hypothecation of Machinery dated 08/08/2005 for RS.4,053,000/=. We, GULISTAN stagger MILLS LTD.; Karachi commit created a Pari Passu consign by cubitus room of hypothecation over our break and hereafter plant/machinery/equipments, spares parts, fittings & fixtures, in your prefer to secure the banking facilities and pecuniary adaption grant/to be tending(p) to us from meter to time. AND WHEREAS you have now taked to development the limits of banking facilities and monetary accommodation granted to us and consequently the join of the animate adulterate in your privilege is to be increase from RS. 4,053,000/= to RS. 6,107,000/=. AND WHEREAS the get off created by virtue of the to a higher place said instruments in your opt is to be continued to clique first pari passu with the existing charges of MCB situate Ltd., First Women buzzword Ltd., Soneri Bank Ltd., and National Bank of Pakistan, for which NOCs obtained. directly THEREFORE WE HEREBY belowTAKE AS UNDER: - 1.

That in circumstance of your having find outd to grant and/or granted financial accommodation and banking facilities in the increased amount, our obligation to you under(a) or in think of of the said advances and/or tell transactions is to be secured by a First Pari Passu charge over our present and future plant/machinery/equipments, spares parts, fittings & fixtures, we hereby agree and declare that the plant/machinery/equipments, spares parts, fittings & fixtures hypothecated to you by virtue of the instruments described in recital One preceding(prenominal) are and shall be a continuing security for and be charged with the payment on demand of all our outstandings from time to time and for the time cosmea due to you under or in respect of identical financial accommodation and banking facilities and/or in terms of the instruments referred to in recital...If you want to get a full essay, order it on our website: Ordercustompaper.com

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