Sukuk Obligations definition

Sukuk Obligations means the obligations of the Sukuk Issuer, the NewHolding Companies, and the Reorganized Debtors under the Sukuk Facility, to be distributed to certain Holders of Syndicated Facility Claims, Arcsukuk Claims, and General Unsecured Claims on the Effective Date, as provided in Article IV of the Plan.
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Sukuk Obligations means the payment obligations of [New Arcapita Mudareb] under the Sukuk Transaction Documents.
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Examples of Sukuk Obligations in a sentence

  • 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.

  • Pursuant to U.S. securities laws, the Sukuk Obligations will not be transferable to Non-Eligible Claimants.

  • The allocation of the Sukuk Obligations, New Arcapita Shares and New Arcapita Warrants among the creditors of and holders of Interests in Arcapita Bank and AIHL contemplated by the Plan reflects the Debtors’ view of the proper allocation of value deriving from the future exits of the Debtors’ portfolio investments, as reflected in the Waterfall Analyses above, adjusted to take into consideration each of the Plan Settlements described in SectionsVI.B.2. through VI.B.11.

  • At all times, the undistributed Sukuk Obligations and any proceeds thereof shall be held by the Disbursing Agent in a segregated account.

  • Bank Syndicated Facility/Arcsukuk Sukuk Obligations means apercentage of the Bank Sukuk Obligations equal to the quotient obtained by dividing (i) the aggregate Allowed class 4(a) Syndicated Facility Claims and Class 4(a) Arcsukuk Claims by (ii) the aggregate Allowed Class 4(a) Syndicated Facility Claims, Allowed Class 4(a) Arcsukuk Claims, and Allowed Class 5(a) General Unsecured Claims (excluding any such Allowed Class 5(a) General Unsecured Claims that have made the Convenience Class Election).

  • AIHL Syndicated Facility/Arcsukuk Sukuk Obligations means apercentage of the AIHL Sukuk Obligations equal to the quotient obtained by dividing (i) the aggregate Allowed Class 4(b) Syndicated Facility Claims and Allowed Class 4(b) Arcsukuk Claims by (ii) the aggregate Allowed Class 4(b) Syndicated Facility Claims, Allowed Class 4(b) Arcsukuk Claims, and Allowed Class 5(b) General Unsecured Claims.

  • Each Holder of an Allowed Claim entitled to receive Sukuk Obligations shall then receive a Distribution of Sukuk Obligations (and the proceeds thereof, including any interest accrued thereon) in an amount sufficient to make the total of all Distributions of Sukuk Obligations (and the proceeds thereof, including any interest accrued thereon) to such Holder equal to the total amount of such Distributions of Sukuk Obligations to which such Holder is entitled, as determined by the preceding sentence.

  • Actual percentages allocable to each Class of Claims may vary significantly from the estimated percentages set forth herein.• Holders of Claims against AIHL (including Claims arising from the Syndicated Facility and the Arcsukuk Facility) will receive their Pro Rata Share of (i) 85% of the Sukuk Obligations, (ii) 55% of the New Arcapita Class A Shares, (iii) 2.5% of the New Arcapita Ordinary Shares (subject to dilution by the New Arcapita Warrants), and (iv) 100% of the New Arcapita Creditor Warrants.

  • On the Effective Date, each Holder of an Allowed Claim entitled to receive Sukuk Obligations shall receive a Distribution of Sukuk Obligations in the amount determined by the preceding sentence.

  • Notwithstanding the foregoing, no redemptions of the New Arcapita Class A Shares will be made until the New Murabaha Facilities and the Sukuk Obligations have been paid in full.

Related to Sukuk Obligations

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with any issue of trust certificates or other securities intended to be issued in compliance with the principles of Shari’a, whether or not in return for consideration of any kind;

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Bank Obligations means all indebtedness, obligations and liabilities, whether now or hereafter arising, of the Borrowers to the Agent or any Bank pursuant to any of the Loan Documents.

  • Canadian Obligations means the Obligations owing by the Canadian Borrower.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Domestic Obligations means all Obligations owing by the Domestic Loan Parties (other than in respect of Guarantees of Foreign Obligations pursuant to Article IV).

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided in the Credit Agreement (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Borrower under or pursuant to the Credit Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual payment and performance of all other obligations of the Borrower under or pursuant to each of the Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding).

  • Notes Obligations means Obligations in respect of the Notes, the Guarantees and this Indenture.

  • Relevant Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of Islamic-compliant certificates, whether or not in return for consideration of any kind, which for the time being are, or are intended to be, or are capable of being, quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Credit Document Obligations shall have the meaning provided in the definition of "Obligations" in this Article IX.

  • Term Obligations shall have the meaning assigned that term in the Intercreditor Agreement.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • Related Secured Obligations means, as of any date, the outstanding principal amount of the Related Equipment Notes issued under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date, the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related Indenture).

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • U.S. Secured Obligations means all Secured Obligations of the US Loan Parties.