Sukuk Certificates definition

Sukuk Certificates means the $400,000,000 certificates due 2023 of NMC Healthcare Sukuk Limited (in its capacity as issuer and in its capacity as trustee), including the transactions contemplated under the Transaction Documents (as defined in the Sukuk Certificates Trust Deed);

Sukuk Certificates means any sukuk certificates (and the assets underlying those sukuk certificates).

Sukuk Certificates means the $400,000,000 certificates due 2023 of NMC Healthcare Sukuk Limited (in its capacity as issuer and in its capacity as trustee), including the transactions contemplated under the Transaction Documents (as define d in the Sukuk Certificates Trust Deed);

Examples of Sukuk Certificates in a sentence

• Sukuk Certificates of equal value representing undivided shares in ownership of tangible assets, usufructs and services or (in the ownership of) the assets of particular projects or special investment activity.

• On 2 June 2016, the Bank issued 2,000 Subordinated Sukuk Certificates (Sukuk) of SR 1 million each, with a profit distribution rate based on 6 month Saudi Inter-Bank Offered Rate (SIBOR), reset semi-annually in advance, plus a margin of 190 basis point per annum and payable semi- annually in arrears on 2 June and 2 December each year until 2 June 2026, on which date the Sukuk will expire.

• On December 08, 2021, the Bank issued 2,000 Subordinated Sukuk Certificates (Sukuk) of SR 1 million each, with a profit distribution rate based on 6 month Saudi Inter-Bank Offered Rate (SIBOR), reset semi-annually in advance, plus a margin of 155 basis point per annum and payable semi-annually in arrears on December 08 and June 08 each year until December 08, 2031, on which date the Sukuk will expire.

• The New Sukuk Certificates will be documented under a declaration of trust with all necessary supporting documentation, including a purchase of services agreement, a service agency agreement and a purchase and sale undertaking.

• On June 2, 2016, the Bank issued 2,000 Subordinated Sukuk Certificates (Sukuk) of SR 1 million each, with a profit distribution rate based on 6 month Saudi Inter-Bank Offered Rate (SIBOR), reset semi- annually in advance, plus a margin of 190 basis point per annum and payable semi-annually in arrears on June 2 and December 2 each year until June 2, 2026, on which date the Sukuk will expire.

• The Sukuk Certificates of PKR 23,708 million have been subscribed by the Pre-IPO investors and Green Shoe Option has already been exercised partially.

• The Sukuk Certificates are unsecured and listed on the London Stock Exchange.

• During April 2013 the Company also issued Sukuk amounting SR 7.5 billion equivalent to approximately US$ 2 billion where the issuance consists of two types of Sukuk Certificates.

• During the period from the Homologation Date to the Effective Date, the Claims of Sukuk Holders shall consist only of the right to receive their respective pro rata portion (calculated on the basis of their Settlement Claims) of (i) new Sharia-compliant debt securities (Sukuk certificates) on terms set out in Annex C (New Sukuk Certificates) (“New Sukuk Certificates”), in accordance with Article 5.10f below and (ii) New Equity in accordance with Article 5.10c below.

• The Group has established DP World Sukuk Limited (a limited liability company incorporated in the Cayman Islands) as a structured entity (“SE”) for the issue of Sukuk Certificates.

More Definitions of Sukuk Certificates

Sukuk Certificates means certificates of equal value representing undivided shares in ownership of tangible assets, usufruct and services or (in the ownership of) the assets of particular projects or special investment activity, in which case the investment certificate represents ownership of tangible or intangible assets or a combination of the two, which back the issuance of the instrument;