Takaful Insurance Sample Clauses

Takaful Insurance. 4.1 The Service Agent undertakes to procure the Takaful in respect of the Asset for and on behalf of the Musharaka to insure against Total Loss Incident, third party liabilities and other risks and damages customarily insured against in relation to asset similar to the Asset such as loss or damage by accident or fire 4.2 The Service Agent must obtain a Takaful policy from a Takaful company approved by the Lessor. 4.3 In the event that the Service Agent fails to effect such Takaful specified in clause 4.1, the Lessor shall be entitled but shall not be bound to effect such Takaful policies itself and obtain such policies as it may, in its absolute discretion, think fit. ﻲــﻓ ﺢــﺿﻮﻤﻟا ﺦــﻳرﺎﺘﻟا ﻲــﻓ (ﺔــﻴﻗﺎﻔﺗﻻا هﺬــﻫ) هﺬــﻫ تﺎــﻣﺪﺧ ﺔــﻟﺎﻛو ﺔــﻴﻗﺎﻔﺗا ماﺮــﺑإ ﻢــﺗ :ﻦﻣ ﻞﻛ ﻦﻴﺑ (١) لوﺪﺠﻟا ựــﺟﻮﻤﺑ ﺖــﺴﺳﺄﺗ ﺔﻤﻫﺎــﺴﻣ ﺔﻛﺮــﺷ ،ع ع م ش ﻲـﻠﻫ ا ﻚـﻨﺒﻟا ،ﻲـﻣﻼﺳ ا ﻲـﻠﻫ ا (١) ،ﻞــﺤﻔﻟا ءﺎــﻨﻴﻣ ٥٤٥ .ب .ص ﺎــﻬﻧاﻮﻨﻋو ١٥٥٨٥٦٠ ﻢــﻗر يرﺎــﺠﺘﻟا ﻞﺠــﺴﻟﺎﺑ نﺎــﻤﻋُ ﺔﻨﻄﻠــﺳ ﻦــﻴﻧاﻮﻗ و ،(ﻚﻨﺒﻟا وأ ﺮﺟﺆﻤﻟا) نﺎﻤﻋ ﺔﻨﻄﻠﺳ ، ﻂﻘﺴﻣ ،١١٦ يﺪﻳﺮﺑ ﺰﻣر .(ﻞﻴﻤﻌﻟا وأ تﺎﻣﺪﺨﻟا ﻞﻴﻛو) (١) لوﺪﺠﻟا ﻲﻓ دراﻮﻟا ﻲﻧﻮﻧﺎﻘﻟا نﺎﻴﻜﻟا وأ دﺮﻔﻟا (٢) (ﻦﻴﻓﺮﻄﻟا ﻦﻴﻌﻤﺘﺠﻣو فﺮﻄﻟا ﻦﻳدﺮﻔﻨﻣ ﺎﻤﻬﻨﻣ ﻞﻜﻟ رﺎﺸﻳ) ﺎــﻬﻌﻓد بﻮــﺟو وأ ﺎﻬﻗﺎﻘﺤﺘــﺳا ﺦــﻳرﺎﺗ ﻞــﺒﻗ (تﺪــﺟوُ نإ) ựــﺋاﺮﻀﻟا ﺔــﻓﺎﻛ ءادأو ﻊــﻓد ٢-٢-٣ لﻮــﺻ ﺎﺑ ﻖــﻠﻌﺘﻳ ﺎــﻤﻴﻓ ةدﺎــﻋ ﺎــﻬﻴﻠﻋ ﻦــﻴﻣﺄﺘﻟا ﻢــﺘﻳ ﻲــﺘﻟا ىﺮــﺧ ا راﺮــﺿ او ﺮــﻃﺎﺨﻤﻟاو (ﻲــﻣﻼﺳ ا ﻦــﻴﻣﺄﺘﻟا) ﻞــﻓﺎﻜﺘﻟا اﺬــﻫ ﺮــﻴﻓﻮﺗ ﻲــﻓ تﺎــﻣﺪﺨﻟا ﻞــﻴﻛو ﻞــﺸﻓ ﺔــﻟﺎﺣ ﻲــﻓ ٣- ٤ اﺬــﻫ تﺎــﺼﻴﻟﻮﺑ ﺮــﻴﻓﻮﺘﺑ ïﻣﺰــﻠﻣ ﺲــﻴﻟ ﻦــﻜﻟ ﺮــﺟﺆﻤﻠﻟ ﻖــﺤﻳ ﻪــﻧﺈﻓ ،(١٫٤) ﺪــﻨﺒﻟا ﻲــﻓ دﺪــﺤﻤﻟا ïﻘــﻓو ﺔﺒــﺳﺎﻨﻣ ﺎــﻬﻧأ ىﺮــﻳ تﺎــﺼﻴﻟﻮﺑ ﻰــﻠﻋ لﻮــﺼﺤﻟاو ﺎﻬــﺴﻔﻧ (ﻲــﻣﻼﺳ ا ﻦــﻴﻣﺄﺘﻟا) ﻞــﻓﺎﻜﺘﻟا .ﻖﻠﻄﻤﻟا هﺮﻳﺪﻘﺘﻟ 4.4 In the event that Takaful in respect of the Asset are effected by the Lessor, the Lessor has the right to increase the amount of the Ijara Rental Payment for the applicable Ijara Period subsequent to the effecting of such Takaful provided that the increment of the Ijara Rental Payment shall not exceed the actual cost and expenses incurred by the Lessor. 4.5 In the event of a loss that is not a Total Loss Incident, the Service Agent shall apply the Takaful proceeds thereof to be applied towards restoration or repair of the Asset. 4.6 In the event of a Total Loss Incident, the Service Agent shall ensure that all Takaful proceeds thereof are paid into a bank account designated by the Bank and notified to the Service Agent within 30 days of such occurrence. Except where the Total Loss Incident arises or results from a Force Majeure, the Service Agent acknowledges that...
Sample 1
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Takaful Insurance. 8.1 Where the Goods do not comprise a motor vehicle, the Owner will, at the expense of the Hirer and for the duration of this Agreement, cover/insure the Goods under an all risk takaful/insurance policy (i) in the Hirer’s name and (ii) for the full replacement value of the Goods against fire, accident, theft and such other risks as the Owner may from time to time require, with a licensed takaful/insurance company. The takaful/insurance policy will bear an endorse- ment of the Owner’s interest in the Goods and contain a provision that any monies payable to the Hirer under the policy will be paid to the Owner. All amounts payable in respect of such takaful/insurance will form part of the Hire Purchase Price (as defined below). 8.2 Where the Goods comprise a motor vehicle: 8.2.1 for the first twelve (12) months of the hiring period, the Owner will, at the expense of the Hirer, cover the vehicle under the Hirer’s name under a fully comprehensive takaful/insurance policy to the full replacement value of the vehicle against fire, accident, theft and such other risks as the Owner may from time to time require, with a licensed takaful/insurance company. The takaful/insurance policy will bear an endorsement of the Owner’s interest in the vehicle and contain a provision that any monies payable to the Hirer under the policy will be paid to the Owner. All amounts payable in respect of such takaful/insurance will form part of the Hire Purchase Price; 8.2.2 for the remainder of the hiring period immediately following the first twelve (12) months, the Hirer must, at the Hirer’s expense, cover/insure the vehicle in the Hirer’s name under a fully comprehensive takaful/insurance policy to the full replacement value of the vehicle against fire, accident, theft and such other risks as the Owner may from time to time require with a licensed takaful/insurance company. The takaful/insurance policy must bear an endorsement of the Owner’s interest in the vehicle and contain a provi- sion that any monies payable to the Hirer under the policy will be paid to the Owner. 8.2.3 The Hirer may take additional coverage against all available “force majeure” risks. This includes but is not limited to lightning, convulsions of nature (flood, typhoon, hurricane, storm, volcanic eruption, earthquake, landslide, landslip, subsidence, sinking soil etc.), strike, riot, civil commotion, war risks (such as war, invasion hostilities, act of war, act of terrorism, revolution) and nuclear risks with a...
Sample 1
Takaful Insurance. SECTION 6.01 TAKAFUL/ INSURANCE ON PROPERTY The Chargor shall always keep insured the Property and all fixture erected thereon under a Takaful/insurance plan in the name of the Chargor against loss or damage by fire, lighting, tempest, flood, riot, civil commotion, strike, malicious acts and against such other risks as the Chargee may from time to time think expedient and keep the same so insured throughout the duration of this Charge to its full insurable value to the satisfaction of the Chargee with a Takaful/insurance company approved by the Chargee.
Sample 1
Takaful Insurance. Except at the request of the Bank, effect or permit to be effected any takaful/insurance against any risk in respect of the Security when the Bank has effected or has in existence such takaful/insurance;
Sample 1
Takaful Insurance. The Customer, in its capacity as the Service Agent, shall be responsible to procure and maintain Takaful in respect of the Asset from a Takaful company approved by the Bank in accordance with the Service Agency Agreement.
Sample 1
Takaful Insurance. (i) must: (A) ensure that the Trade Goods are covered/insured at all times with reputable takaful operators or other insurance companies (wherein such takaful are not available or viable) insurers against such risks as a prudent company carrying on a similar business as yours and/or against such risks as we may from time to time require; (B) not do (or omit to do) anything which will or is likely to make any takaful void or voidable; and (C) inform us immediately if you are aware of any actual or potential coverable/insured event and shall direct all takaful proceeds directly to us or to hold such proceeds to our order. (ii) We have the right to require you to (A) put in place any takaful/insurance or additional takaful/insurance in order for us to be satisfied that the Trade Goods are adequately covered/insured; (B) note our security interest over the takaful/insurance or our name as loss payee on the takaful/insurance; and (C) provide us a copy of the takaful/insurance or such other documents as we may require as evidence that our requirements in this paragraph has been fulfilled.
Sample 1
Takaful Insurance. SECTION 5.01 TAKAFUL/INSURANCE ON PROPERTY The Chargor shall so long as the monies hereby secured has not been paid in full insure the Property and all fixture erected thereon under a Takaful plan/an insurance plan in the name of the Chargor against loss or damage by fire, lighting, tempest, flood, riot, civil commotion, strike, malicious acts and against such other risks as the Chargee may from time to time think expedient and keep the same so insured throughout the duration of this Charge to its full insurable value to the satisfaction of the Chargee with a Takaful/insurance company approved by the Chargee.
Sample 1
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Takaful Insurance 
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Related to Takaful Insurance

  • TOOL INSURANCE 235. The City agrees to indemnify employees covered under this Agreement for the loss or destruction of the employee's tools subject to the following conditions: 236. 1. These provisions shall apply when an employee's tools are lost or damaged due to fire or theft by burglary while the tools are properly on City property or being used by the employee in the course of City business.

  • Travel Insurance The Employer shall provide and pay the full cost for travel insurance to cover all members of the bargaining unit for all modes of travel, in the amount of $200,000.00. The travel insurance policy shall also cover employees while on union business.

  • Tail Insurance Buyer shall deliver evidence of its tail insurance coverage required by Section 6.13 hereof.

  • INDUSTRIAL INSURANCE It is understood and agreed that there shall be no Industrial Insurance coverage provided for Contractor or any Sub-Contractor of the Contractor by the City. Contractor agrees, as a precondition to the performance of any work under this Agreement and as a precondition to any obligation of the City to make any payment under this Agreement to provide City with a certificate issued by an insurer in accordance with NRS 616B.627 and with a certificate of an insurer showing coverage pursuant to NRS 617.210. It is further understood and agreed by and between City and Contractor that Contractor shall procure, pay for, and maintain the above mentioned industrial insurance coverage at Contractor's sole cost and expense. Should Contractor be self-funded for Industrial Insurance, Contractor shall so notify City in writing prior to the signing of this Contract. City reserves the right to approve said retentions, and may request additional documentation, financial or otherwise, for review prior to the signing of this Contract. CONTRACTOR shall maintain coverages and limits no less than:

  • Industrial Insurance Coverage The Contractor shall comply with the provisions of Title 51 RCW, Industrial Insurance. If the Contractor fails to provide industrial insurance coverage or fails to pay premiums or penalties on behalf of its employees, as may be required by law, Agency may collect from the Contractor the full amount payable to the Industrial Insurance accident fund. The Agency may deduct the amount owed by the Contractor to the accident fund from the amount payable to the Contractor by the Agency under this contract, and transmit the deducted amount to the Department of Labor and Industries, (L&I) Division of Insurance Services. This provision does not waive any of L&I’s rights to collect from the Contractor.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

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