Common use of Waiver of Interest Clause in Contracts

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 parties Parties recognise and agree that the principle of payment of interest is repugnant to Shariah Shari’a principles and, accordingly, to the extent that any court would impose, whether by contract or by statute, 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 parties recognise recognize 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, 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 parties recognise and agree that the principle of the payment of interest is repugnant to Shariah principles and, and accordingly, to the extent that any court would imposeLaw would, impose whether by contract or by statute, statute any obligation to pay interest, the parties hereby irrevocably irrevocably, unconditionally and unconditionally expressly waive and reject any entitlement to recover interest from each other.

Waiver of Interest. The parties Parties recognise and agree that the principle of payment of interest is repugnant to Shariah Sharia principles and, accordingly, to the extent that any court would impose, whether by contract or by statute, statute any obligation to pay interest, the parties hereby irrevocably and unconditionally expressly waive and reject any entitlement to recover interest from each other.