Xxxxxxxx Xxxx Xxxxxx. For the purpose of any Collateral Document or Lien governed by the laws of Mexico (the “Mexican Security Documents”) and all security interests created thereunder:
(a) Notwithstanding any other provision of this Indenture, the Company and each Note Guarantor hereby irrevocably and unconditionally undertakes to pay to the applicable Notes Collateral Agent, as creditor in its own right and not as representative of the other First Lien Notes Secured Parties, sums equal to and in the currency of each amount payable by the Company and each such Note Guarantor to each of the First Lien Notes Secured Parties under this Indenture, The Notes and each of the Collateral Documents as and when that amount falls due for payment under this Indenture, the Notes or the relevant Collateral Document (the “Mexican Parallel Debt”)
(b) The Company and each Note Guarantor and each Notes Collateral Agent acknowledge that the obligations of the Company and each Note Guarantor under paragraph (a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of the Company or that Note Guarantor, as applicable, to any First Lien Notes Secured Party under this Indenture, the Notes or any Collateral Document (as used in this Section 13.8, its “Corresponding Debt”) nor shall the amounts for which the Company and each Note Guarantor is liable under the Mexican Parallel Debt be limited or affected in any way by its Corresponding Debt; provided that:
(i) The Mexican Parallel Debt of the Company and each Note Guarantor shall be decreased to the extent that its Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged;
(ii) The Corresponding Debt of the Company and each Note Guarantor shall be decreased to the extent that its Mexican Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged;
(iii) The Mexican Parallel Debt will become due and payable at the same time as the Corresponding Debt becomes due and payable; and
(iv) The aggregate amount outstanding under the Mexican Parallel Debt will never exceed the aggregate amount outstanding under the Corresponding Debt.
(c) For the purpose of this Section 13.8, each Notes Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the Mexican Parallel Debt shall not be held on trust. The Collateral granted under the Mexican Security Documents to the applicable Notes Collate...
Xxxxxxxx Xxxx Xxxxxx. Die Uni- vozität des Seienden. Texte zur Metaphysik (Göttingen: Vandenoek & Xxxxxxxx, 2002).
Xxxxxxxx Xxxx Xxxxxx. Xxxxxxxx, Xxxxxx Xxxx.............................................
Xxxxxxxx Xxxx Xxxxxx. Xx. Xxxxxx has more 18 years of experience in the financial services industry, including four years in the audit group of Ernst & Young. He is currently a Managing Director of Mithaq Holding Company, a leading opportunistic, shariah- compliant investor based in Saudi Arabia with diverse investments in public equities, real estate, private equity and income-producing assets in local and international markets. From January 2012 until joining Mithaq Holding Company in January 2019 as Portfolio Manager, Mr. Seemab was an Associate in the Asset Management Group of Xxxxxxxx Xxxxxxx XxXxxxxxxx & Sons Investment Company (MASIC), a family office based in Saudi Arabia that manages public equities, private equity funds, real estate funds and income- producing assets. Mr. Seemab is the Vice-Chairman of the Board and Chair of the Corporate Responsibility, Sustainability & Governance Committee and Human Capital and Compensation Committee of The Children's Place (NASDAQ: PLCE). Mr. Seemab also serves on the boards of TipTop Dry Cleaners Pvt Limited, Pick & Ship Pvt Limited and Themar Foods & Catering. Mr. Seemab is a Chartered Accountant and has a Bachelor of Commerce degree from Hailey College of Commerce at the University of the Punjab in Lahore, Pakistan.
Xxxxxxxx Xxxx Xxxxxx. $ No. ------------------ ------------------ The TELEFONICA DEL PERU GRANTOR TRUST, acting at the direction of Telefonica del Peru S.A.A. ("Telefonica del Peru"), and through The Bank of New York, not in its individual capacity but solely as Trustee (hereinafter called the "Trustee"), under the Trust Agreement, dated as of December 16, 1998 (as it may be amended from time to time, the "Trust Agreement"), by and between Telefonica del Peru and the Trustee, certifies that or registered ------------ assigns is the registered owner of a nonassessable, fully-paid interest as set forth above in the Trust Estate. A summary of certain of the pertinent provisions of the Trust Agreement is set forth below. Capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Trust Agreement. This Definitive Certificate is one of an authorized issue of 7.48% International Settlements Backed Trust Certificates due 2008 (the "Certificates") having an aggregate Original Face Amount of $150,000,000. Reference is made to the Trust Agreement (copies of which are on file with the Trustee at 101 Barclay Street, Floor 12 East, New York, NY 10286) for a more comxxxxx xxxxxxxxx xx the terms and provisions thereof, to all of which the Certificateholder hereof, by accepting this Definitive Certificate, assents and by which such Certificateholder is bound. Payments on this Definitive Certificate shall be made by the Trustee on behalf of the Trust in Dollars on each Payment Date to the Person in whose name this Definitive Certificate is registered at the close of business on the first day of the calendar month on which such Payment Date occurs, or if such day is not a Business Day, on the immediately preceding Business Day (the "Record Date"). Each of such payments shall be made only from and out of monies received by the Trustee in respect of the portion of the Trust Estate in which such Certificateholder has an interest and applicable to such payment under the provisions of the Trust Agreement. Payments on this Definitive Certificate shall be made by wire transfer or other means in accordance with the payment instructions of the Certificateholder provided to the Trustee pursuant to Section 2.07 of the Trust Agreement. In the event that any Certificateholder desires to transfer its Definitive Certificate, the Trustee, upon written request, shall issue a statement setting forth the then-outstanding Adjusted Face Amount as shown on the Register. Any suc...
Xxxxxxxx Xxxx Xxxxxx. Al-Madkhal Xxx Dirasat Usul al-Fiqh al-Islami (3rd ed.). Research Management Centre, IIUM (2009).
Xxxxxxxx Xxxx Xxxxxx. An Introduction to Islamic Finance, Part Two (1999 Edition: private), p100. It is interesting to note that, the argument that murabahah has close similitude or proximity to bank interest has been advanced based on the similarity in the operation of the two systems. An illustration will draw the point home. When the conventional bank advances loan to its customers, the amount to be paid as interest is fixed and agreed upon. Similarly, in murabahah transaction, the mark-up or the profit margin to be made by the Islamic bank is also fixed and agreed upon. Besides, under either of the two arrangements, the payment of the principal sum or cost price, as the case may be, and the interest charged thereon or the profit put on it will be paid in deferment either in cash or instalments. There is no doubt that these two activities are too close for one not to take them as the same. But, it will be too premature for that conclusion to be drawn. It should be stated that xxxxxxxxx has also been rejected by those who do not welcome it on the ground that, contrary to the arguments of the proponents of the transaction that it is supported by the proofs of Islamic law, it is based on a particular juristic opinion not shared by many eminent jurists.45 It has also been argued that, xxxxxxxxx is a mere cover for continuing interest-based transactions.46 Thus, the whole fear expressed against murabahah vis-à-vis its proximity to bank interest has been summed up by Xxxxxxx as follows: “Those needing finance for purchase or import of inputs would approach the banks to buy the item for them, with the commitment to buy it from the bank at a higher but deferred price. The mark-up will naturally tend to be higher the longer the period of time involved. The banks will have a guarantee of receiving back the price they actually pay plus a predetermined return as the result of the mark-up. For all practical purposes this will be as good for the bank as lending on a fixed rate of interest.”47 Before concluding this segment, it is worthy of note that xxxxxxxxx has equally been condemned as a riba transaction in disguise and especially regarded as a camouflage introduced to present Islamic banking as truly Islamic when in actual fact, the whole idea of Islamic bank has no valid basis in Islamic law. Thus, they posit that since Islamic banking system itself is haram (Islamically forbidden), murabahah is also haram48. Their deprecation of the murabahah is finally hinged on the argument that, ...
Xxxxxxxx Xxxx Xxxxxx. If a Project Impact occurs in Crescent City Harbor, then as a one-time mitigation payment, the Renewal Corporation shall bear the proportional and incremental cost incurred by the County and/or the Harbor of dredging and removing such sediment. The County and the Harbor shall cause such dredging to occur in the ordinary course of its harbor maintenance practices, and at such time or times when such dredging customarily occurs. The Renewal Corporation shall not bear any cost in excess of the incremental and proportional cost of additional dredging attributable to the Project Impact. The Renewal Corporation shall not be liable for the cost of any dredging or other harbor maintenance practices undertaken by the United States Army Corps of Engineers unless the cost thereof is (a) directly incurred by the County and/or the Harbor and (b) determined to be payable to the County and/or the Harbor as a one-time mitigation payment (or portion thereof) for a Project Impact in accordance with the terms and conditions of this MOU. C-2 Townsite and Xxx Xxxx Boat Ramps: The Renewal Corporation will pay the County $3,500 per boat ramp per year, or $7,000 per year, for 2 years post-drawdown. The Renewal Corporation shall make this payment on or before May 1 in any year that such payment is due. .
Xxxxxxxx Xxxx Xxxxxx. (a) An employee who is placed on layoff will be allowed to make use of any PTO conversion benefits if eligible.
(b) Laid off employees who are covered by medical, dental and/or optical insurance, and who timely elect COBRA, shall be enrolled in COBRA continuation coverage and, for a period of up to 3 months, the Employer shall pay a portion of the COBRA premiums equal to (1) the premium share the Employer paid while the employee was in active status and (2) any COBRA administrative fees.
Xxxxxxxx Xxxx Xxxxxx. Level: Beginner Some Experience Level: Beginner Some Experience # of years of voice study # of years voice study
