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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 Murabahah sale contract entered and/or to be entered into between MDV and the Customer in the form as set out in Annexure I of the Schedule 2 herein.
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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.
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Examples of Murabahah Sale Contract in a sentence

  • PARTIES to this Murabahah Sale Contract on the day and year first above written.

  • IT IS DECLARED THAT this Murabahah Sale Contract constitute one of the several instruments relating to Islamic facilities where pursuant to Section 4(3) of the Stamp Act, 1949, the Facility Agreement shall be deemed as the principal instrument and this Murabahah Sale Contract shall be deemed as the subsidiary instrument.

  • This Murabahah Sale Contract may be executed in counterparts (including by facsimile transmission) and this has the same effect as if the signatures on the counterparts were on a single copy of this Murabahah Sale Contract.

  • Except where the context otherwise requires, any reference to construction of certain words and interpretation or certain words or phrases as defined in the Facility Agreement, shall have the same meaning when used in this Murabahah Sale Contract.

  • Pursuant to the Purchase Undertaking dated the day and year as stated in Item 2 of the Appendix to this Murabahah Sale Contract (“Purchase Undertaking”), the Bank has purchased the Commodity as stated in Item 3 of the Appendix to this Murabahah Sale Contract (“Commodity”) from a commodity supplier at the Bank’s Purchase Price as stated in Item 4 of the Appendix to this Murabahah Sale Contract (“Bank’s Purchase Price”) subject to the terms of the Purchase Undertaking.

  • The Bank sells, and the Customer purchases, the Commodity at the Bank’s Sale Price payable in the manner as agreed between both the Customer and the Bank and subject to the terms of this Murabahah Sale Contract.

  • In this Murabahah Sale Contract, unless the context otherwise requires and save as specifically defined in this Murabahah Sale Contract, words and expressions as defined in the Master Facilities Agreement (“Facility Agreement”) executed between the Customer and the Bank in relation to this Murabahah Sale Contract, shall have the same meaning when used in this Murabahah Sale Contract.

  • Tawarruq Term Financing-i 2 a) Master Facilities Agreement; b) Purchase Undertaking; c) Murabahah Verbal Aqad (in replacement of Murabahah Sale Contract); and d) Letter of Agency.

  • In the event of inconsistency between the Facility Agreement and the Murabahah Sale Contract, the terms of this Murabahah Sale Contract shall prevail for the purpose of interpretation and enforcement of this Murabahah Sale Contract.

  • The Parties agree that the terms and conditions of the Facility Agreement are deemed incorporated into this Murabahah Sale Contract which shall form part of this 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 contracting party 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.

  • Offtake Agreement means a life-of-mine offtake obligation committing us to sell to GIAG all Material, and committing GIAG to buy all Material.

  • 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.

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the date hereof, relating to the sale and contribution by Credit Acceptance to the Seller of the Conveyed Property, as defined therein.

Most Referenced Clauses

Most Referenced Definitions