Common use of THE BANK’S OBLIGATION Clause in Contracts

THE BANK’S OBLIGATION. The Bank’s obligation to disburse the Facility shall be limited to and not exceed the aggregate amount of the proceeds of sale of the Commodities stated in Section 2.7 above. Any monies payable by the Customer to any party which exceed the Facility Amount shall be borne and paid by the Customer.

Appears in 3 contracts

Samples: Commodity Murabaha Property Financing I Facility Agreement, Commodity Murabaha Property Financing I Facility Agreement, Commodity Murabaha Property Financing I Facility Agreement

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THE BANK’S OBLIGATION. The Bank’s obligation to disburse the Facility shall be limited to and not exceed the aggregate amount of the proceeds of sale of the Commodities Commodity stated in Section 2.7 2(g) above. Any monies payable by the Customer to any party which exceed the Facility Amount shall be borne and paid by the Customer.

Appears in 1 contract

Samples: Facility Agreement (Home Financing I)

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