Murabahah Sale Contract definition

Murabahah Sale Contract means the sale contract entered into between the Bank and the Customer in the form as set out in the First Schedule of Part B whereby pursuant to the Purchase Requisition annexed to the Letter of Offer which is attached in Part D of this Agreement, executed by the Customer, the Bank sells the Commodities to the Customer at the Selling Price based on the Murabahah contract, as agreed by the Bank and the Customer, which shall be payable on deferred payment basis and subject to the terms and conditions herein and therein contained;
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Murabahah Sale Contract means the document in relation to the purchase and sale of the Commodities by MBSB Bank to the Customer.
Sample 1

Examples of Murabahah Sale Contract in a sentence

  • MBSB will execute a Murabahah Sale Contract at Selling Price based on Murabahah basis (cost plus profit) which shall be payable by you continuing to pay the monthly payment.

  • In this Murabahah Sale Contract unless otherwise stated, all the terms and references shall bear the same meaning as designated to them in the Facility Agreement and the Letter of Offer.

  • Any terms defined or used in the Notification Letter, Terms and Conditions, Murabahah Sale Contract and Disbursement Request are applicable in this Wakalah Agreement.

  • In view that the Customer opt to take physical possession of the Commodity, Clause 2(f) of the Murabahah Sale Contract are applies.

  • The Customer will then give an undertaking to purchase an identified commodity from the Bank at the Bank’s Selling Price(s) which will be stated in the relevant Murabahah Sale Contract.

  • In any event the Township shall reserve the right to require that a land grading plan be prepared and submitted when it is determined by the Township Engineer that the nature of the land disturbance, based on soils, slopes, proximity to sensitive areas, or etc.

  • The Customer shall take physical possession of the Commodity after the perfection of the Murabahah Sale Contract.

  • Samples of the purchase requisition, agency agreement and Murabahah Sale Contract are attached to this Addendum.

  • Upon the Bank’s purchase of the Commodity from the commodity supplier, the Bank and the Customer (through the Bank as its Agent) will enter into a Murabahah Sale Contract in which the Bank sells to the Customer and the Customer purchases the Commodity from the Bank at the Bank’s Selling Price.

  • The Bank will issue a notification of the Bank’s approval to the Purchase Request via telephone call or short- messaging-service (“ SMS”) to the Customer on the approved amount, Bank’s Selling Price and tenure of the Facility prior to the execution of the Murabahah Sale Contract.

Related to Murabahah Sale Contract

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Credit-sale contract means the same as defined in section 203.1.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Privatization contract or “contract” means an agreement or

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Multimodal transport operator means the person on whose behalf the bill of lading/multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Public work contract means a contract for constructing, altering, or repairing a public building or carrying out or completing any pub- lic work. Gov’t Code 2253.001(4)

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Management Contract means the contract executed between the treasurer and a program manager.

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Sale and Contribution Agreement means the Sale and Contribution Agreement dated as of the date hereof, between the Seller, as seller, and the Borrower, as buyer, as amended, restated, supplemented or otherwise modified from time to time.

  • NAESB means North American Energy Standards Board or its successor organization.

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • conditional sale agreement means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;