Mudaraba Agreement definition

Mudaraba Agreement has the meaning given to it in Condition 5 (The Trust); "Mudaraba Assets" has the meaning given to it in Condition 5 (The Trust); "Mudaraba Capital" has the meaning given to it in Condition 5 (The Trust);

Mudaraba Agreement means the mudaraba agreement dated the Issue Date and made between the Trustee and DP World in connection with the Certificates;

Mudaraba Agreement has the meaning given to it in Condition 5; Mudaraba Assets has the meaning given to it in Condition 5; Mudaraba Capital has the meaning given to it in Condition 5; Mudaraba Profit Distribution Date means 19 May and 19 November in each year, starting on the First Mudaraba Profit Distribution Date; Mudareb has the meaning given to it in Condition 5; Non-Payment Election has the meaning given to it in Condition 8.2; Non-Payment Event has the meaning given to it in Condition 8.1; Non-Viability Notice has the meaning given to it in Condition 11.2; Ordinary Shares means issued ordinary shares of DIB, having on the Issue Date a par value of AED1.00 each;

Examples of Mudaraba Agreement in a sentence

• Furthermore, whilst the Mudareb has agreed in the Mudaraba Agreement to ensure that the Mudaraba Capital is invested in accordance with the Investment Plan (and with the degree of skill and care that it would exercise in respect of its own assets), the Mudaraba Agreement also provides that there is no guarantee of any return from the Mudaraba Assets.

• The Declaration of Trust (including these Conditions), the Agency Agreement, the Mudaraba Agreement and the Certificates, and any non-contractual obligations arising out of or in connection with them are governed by, and shall be construed in accordance with, English law.

• Nothing in this Condition 12.3 (Winding-up, dissolution or liquidation) shall, however, prevent the Trustee (or the Delegate) from taking such steps, actions or proceedings as described in Condition 12.3(a) (Proceedings for Winding-up) in respect of any payment obligations of the Bank arising from the Mudaraba Agreement or any other Transaction Document (including any damages awarded for breach of any obligations).

• Therefore, it will only be possible to enforce claims for payment of the applicable Dissolution Distribution Amount and/or Periodic Distribution Amounts in respect of the Certificates when the same have become due pursuant to the Mudaraba Agreement and the Conditions.

• Accordingly, potential investors are advised that any claim by or on behalf of the Trustee for the Mudaraba Capital following any Dissolution Event may be reduced if and to the extent that the Mudareb is able to prove that any losses to the Mudaraba Capital were not caused by: (i) the Mudareb's breach of the Mudaraba Agreement; or (ii) the Mudareb's gross negligence, wilful misconduct or fraud.

More Definitions of Mudaraba Agreement

Mudaraba Agreement has the meaning given to it in Condition 5; Mudaraba Assets has the meaning given to it in Condition 5; Mudaraba Capital has the meaning given to it in Condition 5; Mudaraba Profit Distribution Date means 19 April and 19 October in each year, starting on the First Mudaraba Profit Distribution Date; Ordinary Shares means issued ordinary shares of DIB, having on the Issue Date a par value of AED1.00 each;

Mudaraba Agreement has the meaning given to it in Condition 5 (The Trust); Mudaraba Assets has the meaning given to it in Condition 5 (The Trust); Mudaraba Capital has the meaning given to it in Condition 5 (The Trust); Mudaraba End Date means the date on which the Mudaraba ends, being the date on which the Certificates are redeemed in whole but not in part in accordance with these Conditions; Mudaraba Profit has the meaning given to that term in the Mudaraba Agreement; Mudaraba Profit Distribution Date means 16 May and 16 November in each year, starting on (and including) the First Mudaraba Profit Distribution Date; Mudaraba Reserve has the meaning given to it in the Mudaraba Agreement; Mudareb has the meaning given to it in Condition 5 (The Trust);

Mudaraba Agreement means a mudaraba agreement dated on the Closing Date between the Issuer (in its capacity as Mudareb) and the Sukukholders' Agent.

Mudaraba Agreement means the mudaraba agreement dated 29/10/1441H (corresponding to 21 June 2020G) between the Issuer (acting as Mudareb) and the Sukukholders’ Agent (acting as rab-al-maal as agent on behalf of the Sukukholders);

Mudaraba Agreement means the agreement dated the Issue Date between Dukhan Tier 1 Sukuk Limited and the Bank appointing the Bank as Mudareb (as defined therein the (“Mudareb”));

Mudaraba Agreement has the meaning given to it in Condition 5; Mudaraba Assets has the meaning given to it in Condition 5; Mudaraba Capital has the meaning given to it in Condition 5;

Mudaraba Agreement means the agreement dated the Issue Date between NCB Tier 1 Sukuk Limited and the Bank under which the Bank has been appointed as Mudareb (as defined therein the (“Mudareb”));