MORNBFI Vol. 1 - Planters Development Bank

APP. Q-608.12.31TERMS AND CONDITIONS OF A REPURCHASE AGREEMENT1. Computation of YieldYield is hereby stipulated/computed at % per annum, compounded( ) monthly ( ) quarterly ( ) semi-annually ( ) others.2. No PreterminationVendor shall not repurchase subject security/ies before the repurchase date stipulatedon the face of this document.3. Liquidated DamagesIn case of default, the Vendor shall be liable, in addition to stipulated yield, for liquidateddamages of (Amount or %) , plus attorney's fees of (Amount or %) ,and costs of collection in case of suit.4. Renewal( ) No automatic renewal( ) Automatic renewal under the following terms:5. Delivery/Custody of Securities( ) Physically delivered to Payee( ) Evidenced by Custodian Receipt No. dated,issued by6. Substitution of Securities( ) Not acceptable to Payee( ) Acceptable to Payee, however, actual substitution shall be with prior written consentof payee.7. Separate Stipulations( ) This Agreement is subject to the terms and conditions of (describe document)dated , executed by (name of Party/ies)and made an integral part hereof.Q RegulationsAppendix Q-6 - Page 4Manual of Regulations for Non-Bank Financial Institutions