assignment of building contracts and performance bonds：建筑合同履约保证金和分配.doc

ASSIGNMENT OF PERFORMANCE BONDS THIS ASSIGNMENT is made on 20 By:- (1) [ ] (Company Registration No. ), (the Borrower); in favour of (2) OVERSEA-CHINESE BANKING CORPORATION LIMITED, a company incorporated in the Republic of Singapore and having its registered office at 65 Chulia Street #09-00, OCBC Centre, Singapore 049513 (the Bank) WHEREAS The Bank has at the request of the Borrower made or granted or agreed to make or grant advances or other credit or banking facilities or accommodation to the Borrower by permitting the Borrower to overdraw on the account or accounts current or to draw down or utilise any facilities on any other account or accounts whatsoever whether current or revolving or continuing or whether in instalments or otherwise which the Borrower now has or may at any time hereafter have with the Bank whether solely or jointly with any other person or persons in partnership or otherwise (hereinafter called the said Accounts which expression shall wherever the context admits include any one or more of the accounts hereinbefore mentioned) AND ALSO having agreed that the Bank now or hereafter may from time to time and in the sole discretion of the Bank grant further advances or loans by permitting the Borrower to further draw down or utilise any facilities or overdraw on the said Accounts or grant or continue to grant other loans credit or banking facilities whether in instalments or on current, revolving or continuing account or accounts or other accommodation to or at the request of the Borrower either solely or jointly with any other person or persons in partnership or otherwise to such an extent and on such terms as may from time to time be fixed by the Bank at its absolute discretion and for so long as the Bank at its absolute discretion may think fit. NOW THIS ASSIGNMENT WITNESSETH AND IT IS HEREBY AGREED as follows: 1. INTERPRETATION 1.1 Definiti