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THE WAKALAH Sample Clauses

THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in a Musharakah agreement with the Developer in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions in the Musharakah are Shariah-compliant. 2.3. The Commitment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.4. The Company by virtue of this Wakalah Agreement shall be authorised by the Investor to hold the ownership of the assets and appoint any party it deems fit as an agent and a sub-agent for the purpose of finding buyers and selling the Investor’s share in the partnership. 2.5. The fixed Wakalah fee of the Company is as described in Section 5 of the Appendix. 2.6. The Company charges service fees for facilitating the Musharakah agreement between the Investor and the Developer, as described in Section 5 of the Appendix. 2.6.1. This service fees will be charged upfront and will be considered as a cost for the Project, which will not reduce the capital contribution of the Investor Group in the Project. 2.7. A performance incentive fee from the Projected Gross Return (if any) on Commitment Amount will be charged by the Company as described in Section 5 of the Appendix. In the event that no returns are realised, the Company will not charge any incentive fee. 2.8. The Developer promises to forego a portion of the Developer’s own profits realised from the project to grant Investors the higher projected return. However, this will only apply if: 2.8.1. The project makes a profit; and 2.8.2. The Developer is not deprived of all profits as a result of this arrangement. 2.9. The Investor agrees to contribute to capital as described in Section 9 of the Appendix. 2.9.1. In the case of loss, the Investor Group and the Developer will bear loss proportionately to the capital contribution of each Party. 2.9.1.1. Notwithstanding the above, the Developer is liable for any loss attributed to negligence, misconduct or breach of contractual terms. 2.9.2. The profit will be shared between the Investor Group and the Developer based on the Profit Sharing Ratio (PSR) as described in Section 10 of the Appendix.
Sample 1Sample 2See All (7)
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in a Musharakah agreement with the Issuer in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions in the Musharakah are Shariah-compliant. 2.3. The Commitment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.4. The fixed Wakalah fee of the Company is as described in Section 5 of the Appendix. 2.5. The Company charges service fees for facilitating the Musharakah agreement between the Investor and the Issuer, as described in Section 5 of the Appendix. The service fees will be charged upfront and will be considered as a cost for the Project, which will not reduce the capital contribution of the Investor Group in the Project. 2.6. A performance incentive fee from the Projected Gross Return (if any) on Commitment Amount will be charged by the Company as described in Section 5 of the Appendix. In the event that no returns are realised, the Company will not charge any incentive fee. 2.7. The Issuer promises to forego a portion of the Issuer’s own profits realised from the project to grant Investors the higher projected return. However, this will only apply if: 2.7.1. The project makes a profit; and 2.7.2. The Issuer is not deprived of all profits as a result of this arrangement. 2.8. The Investor agrees to contribute to capital as described in Section 9 of the Appendix. 2.8.1. In the case of loss, the Investor Group and the Issuer will bear loss proportionately to the capital contribution of each Party. 2.8.1.1. Notwithstanding the above, the Issuer is liable for any loss attributed to negligence, misconduct or breach of contractual terms. 2.8.2. The profit will be shared between the Investor Group and the Issuer based on the Profit Sharing Ratio (PSR) as described in Section 10 of the Appendix.
Sample 1Sample 2
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in the Project via this Agreement, for the purpose of financing the construction and acquisition of the Assets in the Project. 2.2. Under the Shariah principle of Istisna, the Company will sign a construction Contract with the Developer on behalf of the Investor Group for this purpose. 2.3. The Investment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.4. After completion of construction, the ownership of the Assets will be held by the Company on behalf of the Investor Group. The Company will then appoint the Developer as an agent to sell the Assets based on the Shariah principle of Murabahah and disburse the agreed amount of profit from the sale to the Investor Group. 2.5. Under the Shariah principle of Wakalah, the Company will then appoint the Developer as its agent to: 2.5.1. Find end buyers for the Assets and to do/ execute all preliminary acts with respect to the finalization of the sale of the Assets to the end buyers via the bank chosen by the end buyer. 2.5.2. To sell the units to the end buyers on behalf of the Company and the Investor Group. 2.5.3. To transfer the sale proceeds to the Company, in order to disburse to the Investor Group. 2.6. The Agency fee to the Developer will be as described in Section 8 of the Appendix. 2.7. A performance incentive fee of 12.5% from the Projected Gross Return (if any) on Investment Amount will be charged by the Company as described in Section 5 of the Appendix. In the event that no returns are realised, the Company will not charge any fee.
Sample 1
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in a musharakah agreement with the Developer in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions in the musharakah are Shariah- compliant. 2.3. The Company shall present, upon the request of the Investor, the shariah concepts used in the transactions such as istisna, musharakah, murabahah, etc. 2.4. The Commitment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.5. The company by virtue of this wakalah Agreement shall be authorized by the Investor to hold the ownership of the assets and appoint any party it deems fit as an agent and a sub-agent for the purpose of finding buyers and selling the Investor’s share in the partnership. 2.6. The fixed wakalah fee of the Company is as described in Section 5 of the Appendix. 2.7. The Company charges service fees for facilitating the musharakah agreement between the Investor and the Developer as described in Section 5 of the Appendix. 2.7.1. This service fees will be charged upfront and will be considered as a cost for the Project which will not reduce the capital contribution of the Investor Group in the Project 2.8. A performance incentive fee from the Projected Gross Return (if any) on Commitment Amount will be charged by the Company as described in Section 5 of the Appendix. In the event that no returns are realised, the Company will not charge any incentive fee.
Sample 1
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in an investment agreement with the Developer in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions are Shariah-compliant. 2.3. The Company shall present, upon the request of the Investor, the shariah concepts used in the transactions such as istisna, musharakah, murabahah, etc. 2.4. The Commitment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.5. The company by virtue of this wakalah Agreement shall be authorized by the Investor to hold the ownership of the assets and appoint any party it deems fit as an agent or a sub-agent for the purpose of finding buyers and selling the Investor’s share in the Project. 2.6. Under the Shariah principle of Wakalah, the Company may appoint the Developer to: 2.6.1. Find end buyers for the assets and to do/ execute all preliminary acts with respect to the finalization of the sale of the assets to the end buyers via the bank chosen by the end buyer. 2.6.2. To sell the units to the end buyers on behalf of the Company and the Investor Group. 2.6.3. To transfer the sale proceeds to the Company, in order to disburse to the Investor Group. 2.7. The fixed wakalah fee of the Company is SGD 1.00 (one Singaporean Dollar) only. 2.8. The fixed Developer Agency fee of the Developer is SGD 1.00 (one Singaporean Dollar) only as described in Section 8 of the Appendix. 2.9. The Company charges service fees for facilitating this agreement between the Investor and the Developer as described in Section 5 of the Appendix. 2.10. The Investor agrees to waive any profit above the Projected Return on Investment as specified in Section 5 and 8 of the Appendix. 2.10.1. The waived amount is incentive fees for the Developer. 2.11. The Investor agrees to allow the use of portion of the Commitment Amount to settle the Developer’s obligation towards Ethis. However, this shall be a cost for the project and will not reduce the capital contribution of the Investor. 2.12. The Service Fees will be deducted and settled upfront from the Commitment Amount, and the remaining balance will be transferred to the Developer. 2.13. A performance incentive fee of 12.5% from the Proje...
Sample 1
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in a musharakah agreement with the Developer in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions in the musharakah are Shariah- compliant. 2.3. The Company shall present, upon the request of the Investor, the shariah concepts used in the transactions such as istisna, musharakah, murabahah, etc. 2.4. The Commitment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.5. The company by virtue of this wakalah Agreement shall be authorized by the Investor to hold the ownership of the assets and appoint any party it deems fit as an agent and a sub-agent for the purpose of finding buyers and selling the Investor’s share in the partnership. 2.6. The fixed wakalah fee of the Company is as described in Section 5 of the Appendix. 2.7. The Company charges service fees for facilitating the musharakah agreement between the Investor and the Developer as described in Section 5 of the Appendix. 2.7.1. This service fees will be charged upfront and will be considered as a cost for the Project which will not reduce the capital contribution of the Investor Group in the Project 2.8. The Developer promises to forego a portion of the developer’s own profits realised from the project to grant Silver and Gold Investors the higher projected return. However, this will only apply if: 2.8.1. The project makes profit; and 2.8.2. The developer is not deprived of all profits as a result of this arrangement 2.9. A performance incentive fee from the Projected Gross Return (if any) on Commitment Amount will be charged by the Company as described in Section 5 of the Appendix. In the event that no returns are realised, the Company will not charge any incentive fee.
Sample 1
THE WAKALAH. 2.1. Under the Shariah principle of Wakalah, the Investor hereby irrevocably and unconditionally appoints the Company as its agent and the Company hereby accepts this appointment to represent the Investor in the Project via this Agreement, for the purpose of investing in the Project. 2.2. The Company shall exercise due diligence to the best of its expertise, knowledge and skills to ensure that all the transactions in this investment are Shariah- compliant. 2.3. The Company shall present, upon the request of the Investor, the shariah concepts used in the investment transactions such as istisna, musharakah, murabahah, etc. 2.4. The Investment Amount by the Investor Group is as described in Section 4 of the Appendix. 2.5. The company by virtue of this wakalah Agreement shall be authorized by the Investor to hold the ownership of the assets and appoint any party it deems fit as an agent and a sub-agent it for the purpose of finding buyers and selling the assets. 2.6. Under the Shariah principle of Wakalah, the Company may appoint the Developer as its agent to: 2.6.1. Find end buyers for the Assets and to do/ execute all preliminary acts with respect to the finalization of the sale of the Assets to the end buyers via the bank chosen by the end buyer. 2.6.2. To sell the units to the end buyers on behalf of the Company and the Investor Group. 2.6.3. To transfer the sale proceeds to the Company, in order to disburse to the Investor Group. 2.7. The Agency fee to the Developer will be as described in Section 8 of the Appendix. 2.8. A performance incentive fee of 12.5% from the Projected Gross Return (if any) on Investment Amount will be charged by the Company as described in Section 5 of
Sample 1

Related to THE WAKALAH

  • Xxxxx, Haldimand, Norfolk An employee shall be granted five working days bereavement leave with pay upon the death of the employee’s spouse, child, stepchild, parent, stepparent, legal guardian, grandchild or step-grandchild.

  • meminta nasihat daripada Pihak Xxxxxx dalam semua perkara berkenaan dengan jualan lelongan, termasuk Syarat-syarat Jualan (iii) membuat carian Hakmilik Xxxxx xxxxxx rasmi di Pejabat Tanah xxx/atau xxxx-xxxx Pihak-pihak Berkuasa yang berkenaan xxx (iv) membuat pertanyaan dengan Pihak Berkuasa yang berkenaan samada jualan ini terbuka kepada semua bangsa atau kaum Bumiputra Warganegara Malaysia sahaja atau melayu sahaja xxx juga mengenai persetujuan untuk jualan ini sebelum jualan lelong.Penawar yang berjaya ("Pembeli") dikehendaki dengan segera memohon xxx mendapatkan kebenaran pindahmilik (jika ada) daripada Pihak Pemaju xxx/atau Pihak Tuanpunya xxx/atau Pihak Berkuasa Negeri atau badan-badan berkenaan (v) memeriksa xxx memastikan samada jualan ini dikenakan cukai. HAKMILIK : Hakmilik strata bagi hartanah ini masih belum dikeluarkan HAKMILIK INDUK / NO. LOT : Pajakan Negeri 35263, Lot No.29096 MUKIM/DAERAH/NEGERI : Setapak / Kuala Lumpur / Wilayah Persekutuan Kuala Lumpur PEGANGAN : Pajakan selama 82-tahun berakhir pada 08/08/2085 KELUASAN LANTAI : 81.104 meter persegi ( 873 kaki persegi ) PEMAJU/PENJUAL : Mega Planner Jaya Sdn Bhd (326287-W)(Dalam Likuidasi) TUANPUNYA : Datuk Bandar Kuala Lumpur PEMBELI : Xxxxxxxx Bin Xxxxx @ Xxxx BEBANAN : Diserahhak kepada RHB Bank Berhad [196501000373 (6171-M)] Hartanah tersebut terletak di tingkat 9 pada bangunan apartment 14-tingkat terletak di Melati Impian Apartment, Setapak Fasa 1, Kuala Lumpur. Hartanah tersebut adalah sebuah unit apartment 3 xxxxx dikenali sebaga Xxxxx Pemaju No. 9, Tingkat No.9, Pembangunan dikenali sebagai Melati Impian Apartment Setapak Fasa 1, Kuala Lumpur xxx mempunyai alamat surat-xxxxxxxx xx Xxxx Xx. 0-0, Xxxxxx Impian Apartment, Xxxxx 0/00X, Xxxxx Xxxxxx, 00000 Xxxxx Xxxxxx, Xxxxxxx Xxxxxxxxxxx Xxxxx Xxxxxx. Harta ini dijual “keadaan seperti mana sediada” dengan harga rizab sebanyak RM 300,000.00 (RINGGIT MALAYSIA: TIGA RATUS RIBU SAHAJA) xxx tertakluk kepada syarat-syarat Jualan xxx melalui penyerahan hakkan dari Pemegang Serahak, tertakluk kepada kelulusan di perolehi oleh pihak Pembeli daripada pihak berkuasa, jika ada, termasuk semua terma, syarat xxx perjanjian yang dikenakan xxx mungkin dikenakan oleh Pihak Berkuasa yang berkenaan. Pembeli bertanggungjawab sepenuhnya untuk memperolehi xxx mematuhi syarat-syarat berkenaan daripada Pihak Berkuasa yang berkenaan, jika ada xxx semua xxx xxx perbelanjaan ditanggung xxx dibayar oleh Xxxxx Xxxxxxx.Pembeli atas talian (online) juga tertakluk kepada terma-terma xxx syarat-syarat terkandung dalam xxx.xxxxxxxxxxxxxxxx.xxx Pembeli yang berminat adalah dikehendaki mendeposit kepada Pelelong 10% daripada harga rizab dalam bentuk Bank Draf atau Cashier’s Order di atas nama RHB Bank Berhad sebelum lelongan awam xxx xxxx xxxx xxxxxx hendaklah dibayar dalam tempoh sembilan puluh (90) hari dari tarikh lelongan kepada RHB Bank Berhad melalui Bank Draf / XXXXXX. Butir-butir pembayaran melalui XXXXXX, xxxx berhubung dengan Tetuan Zahrin Emrad & Sujaihah. Untuk maklumat lanjut, xxxx berhubung dengan TETUAN ZAHRIN EMRAD & SUJIAHAH, yang beralamat di Suite 10.3, 10th Floor, Xxx Xxxx Building, Xx.00, Xxxxx Xxxx Xxxxxx, 00000 Xxxxx Xxxxxx. Tel: 00-0000 0000 / Fax: 00-0000 0000. [ Ruj: ZES/ZHR/RHB-FC/16250-17/0614-pae ], peguamcara bagi pihak pemegang xxxxx xxx atau pelelong yang tersebut dibawah.

  • citizens abroad Unless the circumstances described in the parenthetical in paragraph 1 above are applicable, either (a) at the time the buy order was originated, the buyer was outside the United States or we and any person acting on our behalf reasonably believed that the buyer was outside the United States or (b) the transaction was executed in, on or through the facilities of a designated offshore securities market, and neither we nor any person acting on our behalf knows that the transaction was pre-arranged with a buyer in the United States.

  • THE ACADEMY The Academy is a Mainstream Academy as defined in clause 1.4 of the Master Agreement.

  • Perth-Huron The Employer recognizes the Union as the bargaining agent of all Registered Nurses, and Nurses with a Temporary Certificate of Registration employed in a nursing capacity by the VON Canada – Ontario Branch Perth-Huron Site in the City of Stratford and at the satellite office located in Listowel, Ontario (285 Xxxxx Avenue North), save and except Supervisors and persons above the rank of Supervisor.

  • Indigenous Peoples The Borrower shall ensure that the Project does not have any indigenous peoples impacts within the meaning of Safeguard Policy Statement. In the event that the Project does have any such impact, the Borrower shall take all steps required to ensure that the Project complies with the applicable laws and regulations of the Borrower, the Safeguard Policy Statement and any corrective or preventative actions set forth in the Safeguards Monitoring Report.

  • Bullying A. Workplace bullying is repeated abusive behavior that is threatening, humiliating, or intimidating. It may be direct or indirect, whether verbal, physical, or otherwise, by one or more persons against another or others, at the place of work and/or in the course of employment. B. All Agency employees are expected to refrain from workplace bullying and adhere to a standard of conduct that is respectful and courteous to others. C. Where appropriate, the affected employee should speak to the alleged bully or bullies to object to the behavior. Each employee is responsible for reporting any incidents to their supervisor or any other management official. D. Upon receipt of a report of workplace bullying, Management will initiate an inquiry, address any inappropriate conduct, assist the affected employee, and act to prevent any retaliation by the bully or bullies. Management will not retaliate against any employee for reporting workplace bullying.

  • MIDDLE SCHOOLS 1. Where there are no negotiated provisions concerning the implementation or operation of a middle school program, this article shall govern the implementation or operation of a middle school program in a school district. 2. Should the employer seek to establish a middle school program in one or more schools in a district, the employer and the local shall meet, no later than ten (10) working days from a decision of the employer to implement a middle school program, in order to negotiate any alternate or additional provisions to the Collective Agreement which are necessary to accommodate the intended middle school program. 3. In the absence of any other agreement with respect to the instructional day and preparation time, the provisions of the Collective Agreement with regard to secondary schools shall apply to middle schools. 4. If the employer and the local are unable to agree on what, if any, alternate or additional provisions of the collective agreement are necessary to accommodate the intended middle school program(s), either party may refer the matter(s) in dispute to expedited arbitration for final and binding resolution pursuant to Article D.5.5 below. a. The jurisdiction of the arbitrator shall be limited to the determination of alternate or additional provisions necessary to accommodate the intended middle school program(s). b. In the event the arbitration is not concluded prior to the implementation of the middle school program, the arbitrator will have remedial authority to make appropriate retroactive modifications and adjustments to the agreement. c. The arbitration shall convene within thirty (30) working days of referral to arbitration in accordance with the following: i. Within ten (10) working days of the matter being referred to arbitration, the parties shall identify all issues in dispute; ii. Within a further five (5) working days, there shall be a complete disclosure of particulars and documents; iii. Within a further five (5) working days, the parties shall exchange initial written submissions; iv. The hearing shall commence within a further ten (10) working days; and v. The arbitrator shall render a final and binding decision within fifteen (15) working days of the arbitration concluding. 6. Where a middle school program has been established on or prior to ratification of the 2006-2011 Provincial Collective Agreement, the existing provisions shall be retained unless the parties mutually agree that they should be amended.

  • Middle School At the request of the Superintendent, a middle school teacher may volunteer on a semester basis to teach all the student contact time and be paid one-sixth (1/6) of his/her salary for the semester. This section shall not be used to circumvent the hiring of additional full time teachers.

  • Platby (a) Všechny platby budou vypláceny těmto příjemcům (dále jen "Příjemce platby" či "Příjemci platby") v souladu s rozdělením poplatků definovaným v Příloze B: Fakultní nemocni ce v Motol e X Xxxxx 00 000 00 Xxxxx 0, Xxxxx xxxxxxxxx XX 0006420 3 fakturykhl @fnmotol .cz xxx (b) Schválené platby za Klinické hodnocení a související služby, které má Poskytovatel provádět, jsou uvedeny v rozpočtu přiloženém k této Smlouvě jako Příloha B a začleněny zde odkazem ("Příloha B"). Platby uvedené v Příloze B zahrnují všechny příslušné režijní náklady splatné kterékoli Smluvní straně nebo subjektu v důsledku Klinického hodnocení nebo v souvislosti s ním. Poskytovatel bere na vědomí, že společnost Covance nenese odpovědnost za platby, dokud Zadavatel neuhradí takové platby a/nebo splatnou odměnu. Společnost Covance vyvine maximální úsilí, aby získala finanční prostředky od Zadavatele včas s cílem zajistit rychlé zaplacení Příjemci platby. (c) Platby jsou podmíněny postupem v plném souladu s CIP a touto Smlouvou, jakož i včasným a uspokojivým předložením úplných a správných údajů z formulářů subjektů hodnocení (Case Report Form). Příjemce či příjemci plateb nezískají náhradu za subjekty hodnocení, které byly do Klinického hodnocení zařazeny bez řádně provedeného (d) Except as expressly provided for in this Agreement and its exhibits and attachments, no payments will be made to Institution or any other person or entity in connection with the Clinical Investigation. Payment for any costs outside of this Agreement and its exhibits and attachments must be approved in advance in writing by Covance. (e) If a dispute arises between the Parties in respect of any part of an invoice, Covance shall notify Payee promptly of the particulars of the dispute, and Covance may withhold payment of the disputed part of the invoice provided that Covance and Payee endeavor promptly and in good faith to resolve the dispute. (f) Institution shall not bill any third party for any Clinical Investigational Device or other items or services furnished by Sponsor through Covance in connection with the Clinical Investigation, or any services provided to patients in connection with the Clinical Investigation for which payment is made as part of the Clinical Investigation, except as may be specifically authorized by the Exhibit B. 16.

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