Commodity Purchase Price definition

Commodity Purchase Price means, in relation to the Murabaha Contract, an amount in
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Commodity Purchase Price in relation to a Sale Transaction, means the price inclusive of all or any rental, storage and insurance charges, levies, duties, value added taxes, sales taxes or other similar charges payable by the Purchaser for the Commodities pursuant to that Sale Transaction.
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Commodity Purchase Price means, in relation to the Murabaha Contract, the aggregate amount payable to the relevant Commodity Supplier by or on behalf of the Seller for the purchase of the Commodities from the relevant Commodity Supplier by the Seller, specified as such in the Notice of Request to Purchase and which amount shall be equal to U.S.$199,980,000;
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Examples of Commodity Purchase Price in a sentence

  • If the Seller agrees to repurchase the Commodities following an Exercise Notice, the Seller hereby irrevocably and unconditionally authorises the Purchaser to set off the Option Price due from the Seller to the Purchaser against the Commodity Purchase Price due from the Purchaser to the Seller and if the Purchaser has paid the Commodity Purchase Price to the Seller, to debit the Option Price from the Settlement Account held with the Purchaser.

  • Payment: On the Settlement Date we shall credit the Settlement Account with the Commodity Purchase Price stated above.

  • Execute the sale on behalf of the Investor and the purchase on behalf of the Issuer in order for the Issuer to be able to purchase the Commodities at the Commodity Purchase Price.

  • We acknowledge that you will purchase the Commodities requested in this Notice of Request to Purchase in reliance upon the undertaking in the preceding paragraph and that in the event that we fail to comply with our undertaking you may suffer a loss in an amount up to the Commodity Purchase Price.

  • The Seller hereby irrevocably and unconditionally authorises the Purchaser to set off the Option Price due from the Seller to the Purchaser against the Commodity Purchase Price due from the Purchaser to the Seller and to debit the Option Price to the DD Account held with the Purchaser.


More Definitions of Commodity Purchase Price

Commodity Purchase Price means the purchase price payable by RHB Islamic to the Commodity Supplier for the Commodity Purchase under the RHB Pay Later-i which shall be equivalent to the facility amount.
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