Profit Payment Date definition

Profit Payment Date means the date on which the Bank pays the Mudarabah Account holder’s share of the realized and distributed Profits which shall be determined as per the rules applied by the Bank and agreed upon with the Mudarabah Accounts holders.

Profit Payment Date means the date on which Profit in respect of a Transaction is to be paid, provided that such date falls on or before the relevant Deferred Payment Date for that Transaction. .

Profit Payment Date means the date on which the Bank pays the Customer’s share of the profit amount, which shall fall no later than fifteen

Examples of Profit Payment Date in a sentence

• With respect to Profit Sharing Payments in respect of the 2015 and 2016 fiscal years, the amount of each Payment Installment due on each Quarterly Profit Payment Date shall be determined by Oaktree based on its periodic reasonable estimates of your expected Profit Sharing Payments.

• All Profit Payment 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 Profit Payment Date or Class C Payment Date (as the case may be) up to but excluding the Profit Payment Date or Class C Payment Date (as the case may be) on which the Profit Payment is paid and will be rounded upwards or downwards to the nearest sen.

• We will notify you if, based on the performance of the investments, we expect the Profit due on any future Profit Payment Date to be lower than the Expected Profit previously notified to you.

• The rebate (Ibra’) shall be the unearned profit payments due to the Sukukholders from (and including) the date of full payment by the Issuer of all accrued and unpaid Sale Price then due in respect of that series up to the maturity date applicable to that series.The first Profit Payment Date of the Sukuk Murabahah shall be determined by the Issuer prior to the Issue Date, and each Profit Payment Date shall be on a semi-annual basis thereafter.

• The last Profit Payment Date shall fall on the applicable maturity date of such Sukuk Murabahah.

More Definitions of Profit Payment Date

Profit Payment Date means the date on which Profit is payable and the last Profit Payment Date shall be on the Redemption Date of that Sukuk and shall fall on a Business Day;

Profit Payment Date means each date specified as such in the Confirmation.

Profit Payment Date means the date on which the Bank pays the Customer’s share of the profit amount, which shall fall no later than fifteen (15) days after the end of the relevant Profit Calculation Period;

Profit Payment Date means each Thursday of every week or where that day is not a Business Day the immediately succeeding Business Day or such other dates as may be determined by BEALF from time to time and notified to the Participant;

Profit Payment Date means the date on which the Bank pays the Mudaraba Account share of the realised and distributed profits which shall be determined as per the rules applied by the Bank and agreed upon with the Mudaraba Account.

Profit Payment Date means, in relation to each tranche of the Sukuk Murabahah, the

Profit Payment Date means the date on which a Monthly Murabaha Profit is payable as described in the Offer, with the first Profit Payment Date to occur on the date occurring one month after the Utilisation Date and thereafter on the corresponding day of each month thereafter (provided that if there is no corresponding day, such day will be on the last day of that calendar month) with the final Profit Payment Date falling on the Deferred Payment Date.