Maturity Proceeds definition

Maturity Proceeds means (i) the Accreted Amount of a Tuition Certificate at the Program Accrual Rate on the Maturity Date multiplied by (ii) the Designated Portion.

Maturity Proceeds means the amount, in respect of the Investment, which, following actual or constructive liquidation of the Investment Wakala Assets, shall be due to the Principal on the Investment Maturity Date and which shall comprise of the following: (a) the Investment Amount; and (b) realized Investment Profit (if any), after the deduction of all costs owing to the Agent, Agency Fee and Agent’s incentive (if any).

Maturity Proceeds means the amount that include Wakalah Investment Capital and the profit due to the Muwakkil on the Maturity Date, calculated in accordance with the Offer and Acceptance.

Examples of Maturity Proceeds in a sentence

• Upon receipt of such notice and confirmation of the amount payable, MEFA will authorize payment of any portion of the requested amount of Post Maturity Proceeds from the Distribution Account to the Participating Institution on or before the applicable Tuition Payment Date, as provided in Section VI of the Enrollment Agreement.

• Each Tuition Certificate will entitle a Qualifying Beneficiary who is a Student to receive from any Participating Institution in any Post Maturity Year, upon payment to the Participating Institution of Post Maturity Proceeds, a percentage of Educational Services equal to the Post Maturity Educational Services Percentage.

• An Owner must notify MEFA at least 30 days before the Tuition Payment Date on which the Owner desires to apply the Post Maturity Proceeds and must specify the Participating Institution at which such Post Maturity Proceeds are to be applied and, if less than the entire Post Maturity Proceeds are to be applied to obtain Educational Services at a Participating Institution, the portion of Post Maturity Proceedsto be so applied.

• Upon receipt of such notice and confirmation of theamount payable to the Participating Institution, MEFA will authorize payment of the Maturity Proceeds from the Owner Account to the Participating Institution on or before the applicable Tuition Payment Date, as provided in Section VI of the Enrollment Agreement, or, if feasible, will transfer the Maturity Proceeds on behalf of the Owner directly to the Participating Institution.

• Payment of Maturity Proceeds: On maturity of the Scheme/respective Plan, the outstanding Units shall be redeemed at the NAV of the maturity date and proceeds will be paid to the Unit holders, without any further reference from the Unit holders.

More Definitions of Maturity Proceeds

Maturity Proceeds means the amount, in respect of the Investment, which, following actual or constructive liquidation of the Wakala Assets, shall be due to the Principal on the Maturity Date or upon termination or withdrawal and which shall comprise of the following: (a) the Wakala Amount; and (b) realized Profit (if any), after the deduction of all costs owing to the Agent, Wakala Fee and Performance Fee (if any).

Maturity Proceeds. The Maturity Proceeds are the amount of money payable to you on the Maturity Date if your policy is still in force. The Maturity Proceeds will be equal to the amount of the Cash Value, less any Indebtedness.

Maturity Proceeds means, in relation to any Wakala Investment, the sums due (if any) by the Wakil to the Muwakkil on the Maturity Date of the relevant Wakala Investment calculated in accordance with Clause 4.4 (Payment and calculation of Maturity Proceeds) and Clause 7.5 (Payments upon early termination).

Maturity Proceeds means, in relation to any Wakalah Investment Transaction, the sums due (if any) by the Wakil to the Muwakkil on the Maturity Date of the relevant Wakalah Investment Transaction calculated in accordance with Clause 3.4 (Payment and calculation of Maturity Proceeds) and Clause 8.6 (Payments upon early termination).

Maturity Proceeds means the amount due to the Muwakkil on the Maturity Date, based on the results of the Investment Transaction, calculated in accordance with the Wakil Offer.

Maturity Proceeds. The amount due to the Muwakkil on the Maturity Date, calculated in accordance with the Wakil Offer.

Maturity Proceeds means, with respect to each Transaction, the Deposit and the earned profit on the Transaction as set out in each Transaction Confirmation and always subject to adjustment (if any) under clause 4.5;