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1. Parties: Identification of the Primary Responsible Party and the Institution/Organization to whom the responsibility is being declared
2. Background: Context of the financial responsibility arrangement and the purpose of the form
3. Definitions: Clear definitions of key terms used in the form, including financial terms and responsibility parameters
4. Financial Obligations: Detailed description of the financial responsibilities being undertaken
5. Declaration of Financial Capacity: Statement of the responsible party's ability to meet the financial obligations
6. Payment Terms and Conditions: Specific terms regarding how and when financial obligations must be met
7. Default and Consequences: Consequences of failing to meet the financial obligations
8. Representations and Warranties: Statements confirming the truth of information provided and capacity to fulfill obligations
9. Governing Law: Confirmation that the form is governed by Malaysian law
10. Execution: Signature blocks and execution requirements
1. Guarantor Details: Required when a guarantor is backing the financial responsibility
2. Insurance Requirements: Needed when specific insurance coverage must be maintained as part of financial responsibility
3. Asset Declaration: Used when verification of assets is required to support financial capacity
4. Third Party Rights: Required when other parties may have rights under the financial responsibility arrangement
5. Periodic Review Clause: Added when the financial responsibility needs regular review or updating
6. Electronic Communications: Required when parties agree to receive notices and communications electronically
1. Schedule A - Financial Capacity Statement: Detailed breakdown of income, assets, and liabilities
2. Schedule B - Payment Schedule: If applicable, detailed timeline of payment obligations
3. Schedule C - Supporting Documents Checklist: List of required supporting documents such as bank statements, tax returns, etc.
4. Appendix 1 - Income Verification Documents: Copies or details of documents verifying declared income
5. Appendix 2 - Asset Documentation: Supporting evidence of declared assets when required
Approved Financial Institution
Business Day
Commencement Date
Default Event
Due Date
Financial Obligation
Financial Statement
Governing Law
Identity Card
Interest Rate
Late Payment Charges
Material Adverse Change
Notice
Payment Period
Principal Sum
Responsible Party
Ringgit Malaysia
Security Deposit
Supporting Documents
Term
Working Hours
Payment Terms
Default and Remedies
Representations and Warranties
Indemnification
Force Majeure
Confidentiality
Notice Requirements
Governing Law
Dispute Resolution
Amendment and Modification
Assignment
Termination
Severability
Entire Agreement
Financial Reporting
Record Keeping
Compliance with Laws
Electronic Execution
Documentation Requirements
Banking & Financial Services
Education
Healthcare
Real Estate
Insurance
Retail
Hospitality
Construction
Professional Services
Manufacturing
Finance
Legal
Risk Management
Compliance
Credit Control
Treasury
Operations
Administrative Services
Contract Management
Customer Service
Chief Financial Officer
Finance Manager
Risk Management Officer
Compliance Officer
Credit Controller
Financial Analyst
Accounts Receivable Manager
Contract Administrator
Legal Counsel
Treasury Manager
Operations Manager
Enrollment Officer
Property Manager
Administrative Director
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