Profit Distribution Date definition
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.
That they probably have enough time to maintain the unit, because it’s not like going to class every Tuesday at 10 o’clock, but it’s that significant kind of preparation that you do in the middle of another semester to get ready for the following one.
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).
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.
All Sukuk Profit Distribution Payments payable shall be calculated on the basis of a year of three hundred and sixty five (365) days and the actual number of days elapsed from and including the Issue Date or, as the case may be, the previous Sukuk Profit Distribution Date up to but excluding the Sukuk Profit Distribution Date on which the Sukuk Profit Distribution Payment is paid and will be rounded upwards or downwards to the nearest sen.
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.
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").
The Mudareb may in its sole discretion elect that the Rab-al-Maal Mudaraba Profit (in whole or in part) will not be paid to the Rab-al-Maal on any Mudaraba Profit Distribution Date, provided that the foregoing in this Clause 5.6 (Non-Payment Election) shall not apply in respect of Rab-al-Maal Final Mudaraba Profit payable on any Mudaraba End Date (any such election being a “Non-Payment Election”).
On the Profit Distribution Date, the Wakeel undertakes to transfer the Net Proceeds of the Relevant Wakala Savings Account to any designated account (including but not limited to the Wakala Savings Account) as instructed by the Muwakkil in the Wakala Savings Account opening form.
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.