Title to and ownership of Murabahah Sample Clauses

Title to and ownership of Murabahah. MTNs (a) Title to the Murabahah MTNs passes on delivery (if the Global Certificates have been exchanged for Definitive MTN in accordance with clause 4.2) or as prescribed under the Code of Conduct. (b) Except as ordered by a court of competent jurisdiction or as required by law, the Issuer, the Trustee, the Paying Agent and the Central Depository may deem and treat: (i) the bearer of any Definitive MTNs; and (ii) each ADI who has for the time being a particular amount of the Murabahah MTNs credited to his Own Securities Account in the records of the Central Depository, and in the case where a particular amount of the Murabahah MTNs is credited to an Aggregate Customers’ Securities Account, the several persons being the beneficial owners of the Murabahah MTNs as evidenced by the records maintained by such ADI and authenticated in a manner satisfactory to the Trustee, as the absolute owner thereof for all purposes and notwithstanding an y of the following: (1) the fact that the Murabahah MTNs is overdue; (2) any notation of ownership or other writing on the Murabahah MTNs or notice of any previous loss or theft thereof or trust or other notice therein; or (3) any notice to the contrary, and shall not be required to obtain proof of ownership (other than, in the case of any person who is for the time being the beneficial owner of the Murabahah MTNs as evidenced by the records maintained by ADI in respect of its Aggregate Customers’ Securities Account, authenticated in a manner satisfactory to the Trustee). (c) All payments made to any such Murabahah MTNholders shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the moneys payable under the Murabahah MTNs.
Sample 1
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Related to Title to and ownership of Murabahah

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