Sukuk Assets definition

Sukuk Assets means the Wakala Assets and the Commodity Murabaha Investment (if any) in respect of a Series;
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Sukuk Assets means the Portfolio Assets, the right to receive the outstanding Deferred Payment Price under the Murabaha Contract and the amounts standing to the credit of the Principal Collection Account and Profit Collection Account from time to time;
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Sukuk Assets means the Leased Assets (as defined in the relevant Ijara Agreement) and the rights under the Murabaha Agreement purchased by or transferred to the Trustee (acting through the Service Agent), as the case may be, in connection with the entry into of the Sukuk Contracts from time to time but excluding any Leased Asset which is the subject of an Ijara Agreement which has been terminated in accordance with its terms; Sukuk Contract Counterparties means the counterparties to the Sukuk Contracts (other than the Trustee), and Sukuk Contract Counterparty means any one of them; Sukuk Contracts means a series of contracts entered into in connection with the Certificates and comprising:
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Examples of Sukuk Assets in a sentence

  • GoP (acting through MoF) will execute a Purchase Undertaking in favour of the PDSCL to purchase the Sukuk Assets at the Exercise Price at maturity or upon an Event of Default.

  • Upon exercise of the Purchase Undertaking at maturity or upon Event of Default and Termination, a Sale and Purchase Agreement shall be executed between the PDSCL and GoP (acting through MoF) to evidence the purchase of Sukuk Assets by GoP.

  • A "Periodic Distribution Amount" representing a defined share of the profit in respect of the relevant Sukuk Assets will be payable in respect of the relevant Certificates and be distributable by the Trustee to the Certificateholders in accordance with these Conditions.

  • A “Periodic Distribution Amount” representing a defined share of the profit in respect of the relevant Sukuk Assets will be payable in respect of the relevant Sukuk and be distributable by the Trustee to the Sukukholders in accordance with these Conditions.

  • Upon receipt of Sukuk proceeds, the same shall be passed on by the Issuer to the Investment Agent for executing the Purchase Agreement and purchasing the Sukuk Assets from the Government.

  • The Exercise Price shall be an amount equal to the initial Purchase Price for the Sukuk Assets plus any other amount due and payable by the GoP (excluding any accrued and payable rental by the Lessee).

  • Each Certificate evidences an undivided interest in the Sukuk Assets, subject to the terms of the Declaration of Agency and these Conditions, and is a limited recourse obligation of the Issuer.

  • Provide a water meter, coordinate with water utility at the entrance to every building.

  • The Investment Agent will use the proceeds from the issue of the Sukuk to purchase, as agent of and on behalf of the Sukuk Holders, from the Government pursuant to a purchase agreement (the “Purchase Agreement”) dated on or about the date hereof, the Sukuk Assets (as defined in the Purchase Agreement).

  • The proceeds of the Sukuk Assets are the sole source of payments on the Certificates.


More Definitions of Sukuk Assets

Sukuk Assets means the Mudaraba Assets, the Murabaha Assets and the Payment Obligations, together with any amounts standing to the credit of the Sukuk Account and the Reserve.
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Sukuk Assets means the Wakala Investment and the Commodity Murabaha Investment in respect of a Series;
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Sukuk Assets. ’ means the assets purchased by or transferred to the Trustee (acting through the Service Agent) in connection with the entry into of the Sukuk Contracts;
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Sukuk Assets means the Portfolio Assets and the amounts standing to the credit of the Principal Collection Account, the Profit Collection Account and the Reserve Account from time to time;
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Sukuk Assets means the Portfolio Assets, the right to receive the outstanding Deferred Sale Price under the Murabaha Contract and the amounts standing to the credit of each Collection Account from time to time;
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Sukuk Assets means the beneficial interest in the Sukuk Asset Trust Property in relation to the relevant Series of Sukuk Certificates created pursuant to the Master Purchase Trust Deed and acquired by the Issuer and the Trustee pursuant to the Master Purchase Agreement and the relevant Supplemental Purchase Agreement;
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Related to Sukuk Assets

  • Fixed Assets means any Asset which consists of land, buildings, plant and equipment acquired, developed, enhanced, constructed in connection with the Funded Activities; FOIA means the Freedom of Information Act 2000 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning the legislation;

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Consolidated Assets means at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Restricted Subsidiaries as at such date, determined in accordance with GAAP.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Security Assets means all assets of the Chargor the subject of any security created by this Deed.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Transferred Assets has the meaning set forth in Section 2.1.

  • DOCPROPERTY SWDocID" ACTIVEUS 194344017v.2" "" ACTIVEUS 194344017v.2 Date. The payment of the Black Scholes Value will be made by wire transfer of immediately available funds within five (5) Trading Days of the Holder’s election (or, if later, on the effective date of the Fundamental Transaction). The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of this Section 3(d) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity) equivalent to the Ordinary Shares acquirable and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account the relative value of the Ordinary Shares pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Gross Assets means the total of fixed assets and current assets;

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Company Intellectual Property Assets means all Intellectual Property Assets owned by the Company or used or held for use by the Company in the Business and all Products.