Waiver of Interest. (a) Each of the Trustee and the Guarantor irrevocably agrees that no interest will be payable or receivable under or in connection with this Guarantee and if it is determined that any interest is payable or receivable in connection herewith by a party, whether as a result of any judicial award or by operation of any applicable law or otherwise, such party agrees to waive any rights it may have to claim or receive such interest and further agrees that if any such interest is actually received by it, it shall promptly donate the same to a registered or otherwise officially recognised charitable organisation.
(b) For the avoidance of doubt, nothing in this Clause 6.8 shall be construed as a waiver of rights in respect of Periodic Distribution Amounts, Sales Proceeds or profit of any kind howsoever described payable by the Obligor (in any capacity) or the Trustee (in any capacity) pursuant to the Transaction Documents and/or the Conditions, howsoever such amounts may be described or re-characterised by any court or arbitral tribunal.
Waiver of Interest. District shall have no obligation to pay and Contractor hereby waives the right to recover interest with regard to monies which District is required to withhold by reason of judgment, order, statute or judicial process.
Waiver of Interest. The parties recognise and agree that the principle of payment of interest is repugnant to Shariah principles and, accordingly, to the extent that any court would impose, whether by contract or by statute, any obligation to pay interest, the parties hereby irrevocably and unconditionally expressly waive and reject any entitlement to recover interest from each other.
Waiver of Interest. The Holder hereby irrevocably waives any and all claims, demands, suits, actions, causes of action and rights whatsoever at law or in equity, now existing or arising relating to any accrued and unpaid interest on the Original Note or any other agreement between the parties. The Holder hereby acknowledges and agrees that it shall not commence or prosecute in any way, or cause to be commenced or prosecuted, any action in any court relating to such accrued and unpaid interest.
Waiver of Interest. The parties hereto acknowledge and agree that, notwithstanding any other provisions of this Agreement, the principle of payment of interest is repugnant to the principles of Xxxxx’a and to the extent that any law or provision would impose (whether by contract or statute) an obligation to pay interest to the other party in relation to this Agreement, each party expressly waives and rejects the entitlement to recover interest from another party.
Waiver of Interest. In reference to that portion of the Order of the Maine Labor Relations Board in Case Nos. 92-17 and 92-18 which stated (on page 25 at 2.a.) that “Interest shall begin to accrue on the 31st day,” the MSEA and the employees agree now and forevermore to waive any rights to any interest that may have accrued to them as a result of this MLRB Order.
Waiver of Interest. Notwithstanding the provisions of Clause 11.1 hereof, the Parties recognise and agree that the principle of the payment of interest/usury is repugnant to Xxxxx'ah and accordingly to the extent that [•] law would but for the provisions of this clause, impose whether by contract or by statute an obligation to pay interest/usury or a sum in the nature of interest/usury, the Parties hereby irrevocably and unconditionally expressly waive and reject any entitlement to recover from the other interest/usury or sum in the nature of interest/usury.
Waiver of Interest. The Bank and the Customer agree that to the extent that any court, contract or statute would impose any obligation to pay or recover interest, the Bank and the Customer each irrevocably and unconditionally waive any entitlement to recover interest from the other.
Waiver of Interest. In addition to the waiver of any and all accrued interest under Section 2 of this Agreement, the Holder hereby irrevocably waives any and all claims, demands, suits, actions, causes of action and rights whatsoever at law or in equity, now existing or arising relating to any accrued and unpaid interest on the Note or any other agreement between the parties. The Holder hereby acknowledges and agrees that it shall not commence or prosecute in any way, or cause to be commenced or prosecuted, any action in any court relating to such accrued and unpaid interest.
Waiver of Interest. Each of IDB Trust Services Limited, IsDB Trust Services No.2 SARL and the IsDB hereby acknowledge and agree that, notwithstanding any other provisions of this Agreement, the principle of payment of interest is repugnant to the principles of Xxxxx’a and to the extent that any law or provision would impose (whether by contract or statute) an obligation to pay interest to the other party in relation to this Agreement, each of IDB Trust Services Limited, IsDB Trust Services No.2 SARL and The Islamic Development Bank expressly waives and rejects the entitlement to recover interest from another party.
