Joint Investment. The Investor may include one additional Investor to invest under this Agreement jointly: 7.6.1. This Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix. 7.6.1.1. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement. 7.6.2. Each of the Investors hereby appoints the other Investor and the other Investor accepts the appointment to act as the agent of the one another. The appointment shall continue until the termination of this Agreement. 7.6.3. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally. 7.6.4. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors. 7.6.5. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein. 7.6.6. The Developer shall not be liable for the distribution of the profit among Investors. 7.6.7. Each Investor shall act as the agent of the other, and the actions of one Investor shall be representative of both Investors and binding on both Investors. 7.6.7.1. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors. 7.6.8. Each Investor shall indemnify the Developer against any claims that might arise directly or indirectly as a result of the joint investment arrangement.
Appears in 6 contracts
Samples: Wakalah Agreement, Wakalah Agreement, Wakalah Agreement
Joint Investment. The Investor may include one additional Investor to invest under this Agreement jointly:
7.6.1. This Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix.
7.6.1.1. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement.
7.6.2. Each of the Investors hereby appoints the other Investor and the other Investor accepts the appointment to act as the agent of the one another. The appointment shall continue until the termination of this Agreement.
7.6.3. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally.
7.6.4. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors.
7.6.5. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein.
7.6.6. The Developer Issuer shall not be liable for the distribution of the profit among Investors.
7.6.7. Each Investor shall act as the agent of the other, and the actions of one Investor shall be representative of both Investors and binding on both Investors.
7.6.7.1. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors.
7.6.8. Each Investor shall indemnify the Developer Issuer against any claims that might arise directly or indirectly as a result of the joint investment arrangement.
Appears in 2 contracts
Samples: Wakalah Agreement, Wakalah Agreement
Joint Investment. The Investor may include one additional Investor to invest under this Agreement jointlybe jointly represented by the Company:
7.6.1. This Article Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix.
7.6.1.1. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement.
7.6.2. Each of the Investors hereby independently appoints the other Investor Company and the other Investor Company accepts the appointment to act as the agent of the one anotherInvestors. The appointment shall continue until the termination of this Agreement.
7.6.3. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally.
7.6.4. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors.
7.6.5. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein.
7.6.6. For the purpose of this Agreement, the Company shall accept and direct all financial transactions from the Investor’s designated account.
7.6.6.1. The Developer Company shall not be liable for the distribution of the profit among Investors.
7.6.7. Each Investor shall act as the agent of the other, other and the actions of one Investor shall be representative of both Investors and binding on both Investors.
7.6.7.1. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors.
7.6.8. Each Investor shall indemnify the Developer Company against any claims that might arise directly or indirectly as a result of the joint investment arrangement.
Appears in 2 contracts
Samples: Wakalah Agreement, Wakalah Agreement
Joint Investment. The Investor may include one additional Investor to invest under this Agreement jointly:
7.6.1. This Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix.
7.6.1.1. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement.
7.6.2. Each of the Investors hereby appoints the other Investor and the other Investor accepts the appointment to act as the agent of the one another. The appointment shall continue until the termination of this Agreement.
7.6.3. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally.
7.6.4. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors.
7.6.5. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein.
7.6.6. The Developer Entrepreneur shall not be liable for the distribution of the profit among Investors.
7.6.7. Each Investor shall act as the agent of the other, and the actions of one Investor shall be representative of both Investors and binding on both Investors.
7.6.7.1. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors.
7.6.8. Each Investor shall indemnify the Developer Entrepreneur against any claims that might arise directly or indirectly as a result of the joint investment arrangement.
Appears in 1 contract
Samples: Wakalah Agreement
Joint Investment. The Investor may include one additional Investor to jointly invest under this Agreement jointlyAgreement:
7.6.1. This Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix.
7.6.1.1. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement.
7.6.2. Each of the Investors hereby appoints the other Investor and the other pther Investor accepts the appointment to act as the agent of the one another. The appointment shall continue until the termination of this Agreement.
7.6.3. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally.
7.6.4. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors.
7.6.5. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein.
7.6.6. The Developer shall not be liable for the distribution of the profit among Investors.
7.6.7. Each Investor shall act as the agent of the other, other and the actions of one Investor shall be representative of both Investors and binding on both Investors.
7.6.7.1. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors.
7.6.8. Each Investor shall indemnify the Developer against any claims that might arise directly or indirectly as a result of the joint investment arrangement.
Appears in 1 contract
Samples: Musharakah Agreement