we have been informed by our clients that you have entered into the abovementioned agreement with our clients and have defaulted in the repayment of the sum due under the said agreement and are indebted yo our clients in the sum of RM2009.10 as at 16/10/12 together with interest/late payment charges of 8.00%per annum from 17/10/12 until the date of full settlement.
take notice that unless you pay to our clients or us as their solicitors the aforesaid sum of 2009.10 and our costs herein of 75.00 within seven days from the date of this notice, our clients will exercise their rights under the said agreement and shall commence legal pro ceedings against you for the recovery of the entire outstanding sum without further reference to you wherein youy shall bear all legal expenses and incidental costs incurred thereof.
please note that if the sale price is insufficient to settle the facility, you will be held liable for the difference or shortfall