Business Risks and Financial Loss Sample Clauses

Business Risks and Financial Loss. The Investor acknowledges and agrees that the investment in the Project through the Company is accompanied by all business risks associated with a venture or project of such nature. Accordingly: 7.4.1. There is no assurance or guarantee given by the Company or any director of the Company, its affiliates (the “Ethis Group”) or any other person that the Company will obtain the Sale Proceeds in the amount projected or anticipated or any amount of revenue or profit whatsoever from the Project; 7.4.2. Investment in the Project comes with a risk of a substantial or total loss, and there is no assurance or guarantee given by the Ethis Group or any other person that the Investor will be able to receive or recover any amount invested under this Agreement or any profit projected by the Company. 7.4.3. In accordance with the Shariah principle of Musharakah, all actual financial losses incurred or accrued by the Project shall be borne jointly by the Investor Group and the Developer in proportionate to their Capital Contribution Ratio. However, if the loss is due to the Developer’s gross negligence or there has been any breach of representation or warranty given by the Developer or the Developer has acted in contrary with the terms of the venture which causes loss to the venture, the Developer shall be liable for the amount of the loss to the Commitment Amount.
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Business Risks and Financial Loss. The Investor acknowledges and agrees that the investment in the Project through the Company is accompanied by all business risks associated with a venture or project of such nature. Accordingly: 7.6.1. There is no assurance or guarantee given by the Company, any director of the Company, its affiliates (the “Ethis Group”) or any other person that the Company will obtain the Sale Proceeds in the amount projected or anticipated, or any amount of revenue or profit whatsoever from the Project; 7.6.2. Investment in the Project comes with a risk of substantial or total loss, and there is no assurance or guarantee given by the Ethis Group or any other person that the Investor will be able to receive or recover any amount invested under this Agreement or any profit projected by the Company. Name: Xxxxxx Xxxxxx Designation: Director PT Ethis Modal Indonesia Name: _ _ Passport/ID No: Digitally agreed on date: IP Address: (No signature required)
Sample 1
Business Risks and Financial Loss. The Investor acknowledges and agrees that the investment in the Project through the Company is accompanied by all business risks associated with a venture or project of such nature. Accordingly: 7.4.1. There is no assurance or guarantee given by the Company or any director of the Company, its affiliates (the “Ethis Group”) or any other person that the Company will obtain the Sale Proceeds in the amount projected or anticipated or any amount of revenue or profit whatsoever from the Project; 7.4.2. Investment in the Project comes with a risk of a substantial or total loss, and there is no assurance or guarantee given by the Ethis Group or any other person that the Investor will be able to receive or recover any amount invested under this Agreement or any profit projected by the Company. 7.4.3. In accordance with the Shariah principle of Mudharabah, all actual financial losses incurred or accrued by the mudharibin in connection with the Project shall be borne solely by the Investor (the capital provider) and shall lead to a depletion of the value of the Investment Amount, while the Entrepreneur would only fail to realize its expected profit (at no expense to the Investor) as well as forgo the energy and time it has invested in the Project. However, if the loss is due to the Entrepreneur's gross negligence or there has been any breach of representation or warranty given by the Entrepreneur, or that party has acted in contrary with the terms of the venture which causes loss to the venture, that party shall be liable for the amount of the Commitment Amount. If there is a profit available, the same shall be distributed according to the pre-agreed Profit Sharing Ratio.
Sample 1
Business Risks and Financial Loss. The Investor acknowledges and agrees that the investment in the Project through the Company is accompanied by all business risks associated with a venture or project of such nature. Accordingly: 7.5.1. There is no assurance or guarantee given by the Company, any director of the Company, its affiliates (the “Ethis Group”) or any other person that the Company will obtain the Sale Proceeds in the amount projected or anticipated, or any amount of revenue or profit whatsoever from the Project; 7.5.2. Investment in the Project comes with a risk of substantial or total loss, and there is no assurance or guarantee given by the Ethis Group or any other person that the Investor will be able to receive or recover any amount invested under this Agreement or any profit projected by the Company.
Sample 1
Business Risks and Financial Loss. The Investor acknowledges and agrees that the investment in the Project is accompanied by all business risks associated with a venture or project of such nature. Accordingly: 7.4.1. There is no assurance or guarantee that the project will make any amount of revenue or profit whatsoever from the Project; 7.4.2. Investment in the Project comes with a risk of substantial or total loss, and there is no assurance or guarantee that the Investor will be able to receive or recover any amount invested under this Agreement or any profit projected under this Agreement. 7.4.3. In accordance with the Shariah principle of musharakah, all actual financial losses incurred or accrued by the Project shall be borne jointly by the Investor Group and the Developer in proportionate to their Capital Contribution Ratio. However, if the loss is due to the Developer’s gross negligence or there has been any breach of representation or warranty given by the Developer, or the Developer has acted in contrary with the terms of the venture which causes loss to the venture, the Developer shall be liable for the amount of the loss to the Commitment Amount.
Sample 1

Related to Business Risks and Financial Loss

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