Common use of Bank’s Sale Price and/or Indebtedness Clause in Contracts

Bank’s Sale Price and/or Indebtedness. (a) In consideration of the Bank having agreed to grant to the Customer the IF-i Facility, the Customer agrees, undertakes and covenants to pay the Bank’s Sale Price and/or the Indebtedness within the Facility Tenure. (b) The Bank’s Sale Price is based on the Ceiling Profit Rate as stated in the Letter of Offer. (c) The Bank shall grant rebate under the Shariah principle of Ibra’ at any particular interval as determined by the Bank in the manner as stated under Clause 1.6. (d) The Effective Profit Rate is as stated in the Letter of Offer.

Bank’s Sale Price and/or Indebtedness. (a) In consideration of the Bank having agreed to grant to the Customer the IFCL-i Facility, the Customer agrees, undertakes and covenants to pay the Bank’s Sale Price and/or the Indebtedness within the Facility Tenure. (b) The Bank’s Sale Price is based on the Ceiling Profit Rate as stated in the Letter of Offer. (c) The Bank shall grant rebate under the Shariah principle of Ibra’ at any particular interval as determined by the Bank in the manner as stated under Clause 1.6. (d) The Effective Profit Rate is as stated in the Letter of Offer.

Bank’s Sale Price and/or Indebtedness. (a) In consideration of the Bank having agreed to grant to the Customer the IFSTRC-i Facility, the Customer agrees, undertakes and covenants to pay the Bank’s Sale Price and/or the Indebtedness within the Facility Tenure. (b) The Bank’s Sale Price is based on the Ceiling Profit Rate as stated in the Letter of Offer. (c) The Bank shall grant rebate under the Shariah principle of Ibra’ at any particular interval as determined by the Bank in the manner as stated under Clause 1.6. (d) The Effective Profit Rate is as stated in the Letter of Offer.

Bank’s Sale Price and/or Indebtedness. (a) In consideration of the Bank having agreed to grant to the Customer the IFCMTF-i Facility, the Customer agrees, undertakes and covenants to pay the Bank’s Sale Price and/or the Indebtedness within the Facility Tenure. (b) The Bank’s Sale Price is based on the Ceiling Profit Rate as stated in the Letter of Offer. (c) The Bank shall grant rebate under the Shariah principle of Ibra’ at any particular interval as determined by the Bank in the manner as stated under Clause 1.6. (d) The Effective Profit Rate is as stated in the Letter of Offer.