Effective Profit Rate definition

Effective Profit Rate. The effective profit rate applicable to the Facility as set out in the Letter of Offer and as may be revised by the Bank from time to time.

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Effective Profit Rate means the Effective Profit Rate as set out in Paragraph 1(f) of this Letter of Offer for the calculation of payment due and payable to CGC pursuant to the Facility; Events of Default means committal (whether by acts or commission or omission) by the Customer of any breach of the tenns of this Letter of Offer including the happening of any event specified in Section 11 of ▇▇▇▇▇▇▇▇ ▇▇▇ (General Terms and Conditions):

Effective Profit Rate means the Effective Profit Rate as stated in the relevant Letter of Offer for the calculation of monthly payment or bullet payment due and payable to the Bank at such intervals determined by the Bank pursuant to the relevant Facility; Environment means humans, animals, plants and all other living organisms including the ecological systems of which they form part and the following media:-

Examples of Effective Profit Rate in a sentence

Any revision in the Effective Profit Rate as aforesaid shall not exceed the Ceiling Profit Rate.
Any revision in the Effective Profit Rate will not cause the Effective Profit Rate to exceed the Contracted Profit Rate.
The Bank shall grant rebate for the differential between the Ceiling Profit Rate and Effective Profit Rate.
If the Effective Profit Rate is based on the Base Rate, and there are any changes to the Base Rate at any time during the Tenure which results in changes to the Effective Profit Rate, the Bank will have the right to revise the Monthly Instalments accordingly by giving the Customer at least twenty-one (21) days’ prior written notice of such revisions in the Monthly Instalments.
On profit payment date, the Bank shall grant to the Customer(s) a rebate on the profit which forms part of the The Bank’s Selling Price on the differential sum between the Ceiling Profit Rate and the Effective Profit Rate, subject to the Bank’s discretion.
If the Effective Profit Rate is based on the Base Rate or Standardised Base Rate (whichever applicable), and there are any changes to the Base Rate or Standardised Base Rate at any time during the Tenure which results in changes to the Effective Profit Rate, the Bank will have the right to revise the Monthly Instalments accordingly by giving the Customer at least twenty-one (21) days’ prior written notice of such revisions in the Monthly Instalments.
However, the monthly payment of the Bank’s Sale Price shall be calculated based on the Effective Profit Rate which will not exceed the Ceiling Profit Rate.

More Definitions of Effective Profit Rate

Effective Profit Rate. The rate of profit that is applicable to the Facility or such other rate of profit that the Bank may prescribe at any time. “Property(ies)” All that property(ies) identified or described in Section 6 of the First Schedule of Part A and other properties as described in the Letter of Offer.

Effective Profit Rate means the effective profit rate as set out in the Letter of Offer.

Effective Profit Rate means the effective profit rate as stated in the Letter(s) of Offer for the calculation of instalment(s) due and payable by the Customer to MDV pursuant to the Commodity Murabahah transaction under the Facility.