Examples of Master Murabaha Agreement in a sentence
As soon as the Buyer has signed and delivered the Letter of Acceptance, a "Murabaha Contract" shall be created between the Seller and the Buyer upon the terms of the Letter of Offer and the Letter of Acceptance and incorporating the terms and conditions set out in the Master Murabaha Agreement, and ownership of, and all risks in and to, the relevant Commodities shall immediately pass to and be vested in the Buyer, together with all rights and obligations relating thereto.
Arcapita Bank obtained financing under a Master Murabaha Agreement dated May 30, 2011 by and between Arcapita Bank and SCB as Investment Agent (as amended, restated, supplemented, and/or otherwise modified, the “SCB May 2011 Facility”) which matured March 28, 2012.
Arcapita Bank obtained financing under a Master Murabaha Agreement dated December 22, 2011 by and between Arcapita Bank and SCB as Investment Agent (as amended, restated, supplemented, and/or otherwise modified, the “SCB December 2011 Facility”) which matured on March 28, 2012.
On the Issue Date, the Seller, acting for and on behalf of the Sukukholders, and the Purchaser shall enter into two Murabaha Transactions on the terms set out in the Master Murabaha Agreement.
Pursuant to the Master Murabaha Agreement, the Seller will make available to the Purchaser, in respect of the Sukuk, a murabaha based financing facility under which the Seller agrees to sell on behalf and for the benefit of the Sukukholders, on a murabaha basis, to the Purchaser, on the applicable Settlement Date, certain Commodities purchased by the Seller from nominated Supplier(s) at a price negotiated between the Purchaser and the Seller.