Sukuk Facility definition

Sukuk Facility means certain agreements comprising a new Shari’ah- compliant mudaraba sukuk of up to $550 million, to be entered into by (i) certain Reorganized Debtors and/or New Holding Companies and certain of their Affiliates, (ii) the Sukuk Issuer, and(iii) certain other third parties, the terms of which shall be evidenced by definitive documentation substantially in accordance with the terms set forth on the Sukuk Facility Term Sheet.
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Sukuk Facility means certain agreements comprising a new Shari’ah- compliant mudaraba sukuk of up to $550 million, to be entered into by (i) certain Reorganized Debtors and/or New Holding Companies and certain of their Affiliates, (ii) [New Arcapita Investment Ltd.] as Issuer, Rab-al Maal and Trustee, and (iii) certain other third parties, the terms of which shall be substantially in accordance with the terms set forth on the Sukuk Facility Term Sheet. The Sukuk Facility will be substantially in the form filed in the Plan Supplement.
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Examples of Sukuk Facility in a sentence

  • The documents evidencing the Sukuk Facility shall have been executed and delivered by the respective parties thereto, and all conditions precedent to the effectiveness of such documents shall have been satisfied or waived.

  • The definitive documents evidencing the Sukuk Facility will be filed in the Plan Supplement.

  • The Same Applies For Creditors Under the Exit Facility, the New SCB Facility, and the Sukuk Facility in Respect of Judgments Against the Purchaser and Guarantors of the Exit Facility, the New SCB Facility, and the Sukuk Facility, Respectively.

  • The Sukuk Facility will be unsecured and will be subordinated in payment to the New Murabaha Facilities.

  • The Sukuk Facility, which will be a Shari’ah compliant Mudaraba sukuk, will have a cost price of up to$550 million and a profit rate of 12% per annum; 85% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL, and 15% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Arcsukuk Claims against Arcapita Bank.

  • On the Effective Date, certain of the New Holding Companies and/or certain of the Reorganized Debtors (other than Falcon) will enter into the Sukuk Facility.

  • The principal terms of the Sukuk Facility are set forth in the Sukuk Facility Term Sheet attached hereto as Exhibit H.

  • The Plan contemplates that all proceeds allocable to the Reorganized Arcapita Group resulting from exited portfolio assets, except for any working capital cash needs of the Reorganized Arcapita Group, will be used first to repay the New Murabaha Facilities (as defined below) and the Sukuk Facility, in accordance with their terms, and thereafter to make distributions in respect of the equity of the Reorganized Arcapita Group.

  • Sukuk Musharakah The tenure of the Sukuk Musharakah is more than one (1) year and up to eight (8) years and ten (10) months from the date of the issuance provided always that the issuance of the Sukuk Musharakah must take place within one (1) year from the date of the SC's approval and all Sukuk Musharakah shall mature prior to the expiry of the Sukuk Facility.

  • Sukuk Facility Term Sheet means that certain term sheet, attached asExhibit H to the Disclosure Statement, that sets forth the terms of the Sukuk Facility.

Related to Sukuk Facility

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Offshore facility ’ means any facility of any kind located in, on, or under any of the navigable waters of the United States, and any facility of any kind which is subject to the ju- risdiction of the United States and is located in, on, or under any other waters, other than a vessel or a public vessel;

  • Public facility means 1 or more of the following:

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Triage facility means a short-term facility or a portion

  • Holding facility means a designated area for the retention of

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Refinancing Facility has the meaning specified in Section 2.16(a).