Profit Distribution Date definition

Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).
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Profit Distribution Date means the 20th day of March, June, September and December in each year or, if such Profit Distribution Date is not a Business Day, the next following Business Day;
Sample 1
Profit Distribution Date means the date on which the Ma nagement Company dec ides to distribute the profits (if any).
Sample 1

Examples of Profit Distribution Date in a sentence

  • In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3, the fact of non-payment of the relevant Periodic Distribution Amount on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date, as the case may be, shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

  • In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3 (Effect of Non-Payment Event or Non-Payment Election), the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

  • In addition, if a Non-Payment Event (detailed below) occurs, DIB (in its capacity as Mudareb) shall be prohibited from paying Rab-al-Maal Mudaraba Profit or Rab-al-Maal Final Mudaraba Profit on any Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) pursuant to the Mudaraba Agreement, and as a result thereof the Trustee shall be prohibited from paying Periodic Distribution Amounts to the Certificateholders on the corresponding Periodic Distribution Date.

  • In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3 (Effect of Non-Payment Event or Non- Payment Election), the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

  • DIB is, on that Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) or in the case of Condition 8.1(iii)(b) on the relevant Periodic Distribution Date, not Solvent or would no longer be Solvent if the relevant Rab-al-Maal Mudaraba Profit or Rab-al-Maal Final Mudaraba Profit (as applicable) was paid.

  • The following are some of the national authorities which are concerned with child and youth affairs and whose day•to•day work has to be based partly on the rules and principles of the Convention.

  • A good research design is the conceptual structure within which research is conducted; it constitutes the blueprint for problem formulation, collection and analysis of data (Kothari 2004).

  • Notwithstanding the foregoing provisions of this Condition 7 (Periodic Distributions), the Mudareb may elect, in its sole and absolute discretion, pursuant to the provisions of the Mudaraba Agreement not to pay the relevant Rab-al-Maal Mudaraba Profit (whether in whole or in part) onany Mudaraba Profit Distribution Date (each a "Deferral Election").

  • In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3, the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) shall be evidence of the occurrence of a Non- Payment Election or a Non-Payment Event, as the case may be.

  • The Mudarib may in its sole discretion elect that the Rab-al-Maal Mudarabah Profit will not be paid to the Trustee on any Mudarabah Profit Distribution Date, provided the foregoing in this Clause 5.6 shall not apply in respect of Rab-al-Maal Final Mudarabah Profit payable on any Mudarabah End Date (each a "Non-Payment Election").


More Definitions of Profit Distribution Date

Profit Distribution Date means each date for the payment and distribution of Profits on the Sukuk.
Sample 1
Profit Distribution Date means the dates on which profit shall be distributable to the account holder by Rafa National Savings subject to the provisions of rule 9 in accordance with the procedures determined by the Rafa National Savings under the guidance of the Sharia Board;
Sample 1

Related to Profit Distribution Date

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.