Utilised Amount definition
Utilised Amount means, in relation to a Bank on any given date, the aggregate of the Outstanding Liability Amounts (and, where the Payment Currency of a Bond is not sterling, the amount used in such calculation shall be the Sterling Equivalent of the Outstanding Liability Amount in respect of such Bond) as at that date for all Bonds issued by that Bank and outstanding at that time. A Bond is "OUTSTANDING" until the Outstanding Liability Amount in respect of such Bond is reduced to zero.
Utilised Amount means the portion of the Card Limit which has been utilised by the Customer as at a Statement Date.
Utilised Amount means the portion of the Credit Limit which has been utilised by the Customer as at a Statement Date. VISA means Visa Inc. Wakala Account means the investment deposit account into which the proceeds of the Murabaha Facility are deposited and thereafter invested by Aseel as the agent of the Customer to generate Wakala Return in which any return exceeding the Wakala Return shall be entitled by Aseel as incentive.
Examples of Utilised Amount in a sentence
Without prejudice to paragraph 3.3, the Utilised Amount in relation to each Bank shall not exceed the Credit Line applicable to such Bank.
In addition to repaying the Utilised Amount for this facility, if you cancel this facility, we may charge you the amount of any reasonable expenses we necessarily incur in connection with this facility and the cancellation, and interest charges on any advance provided to you for the period until it is repaid.
More Definitions of Utilised Amount
Utilised Amount means, on the date on which the calculation is required, the maximum amount of all liabilities due, owing or incurred, whether actually or contingently and whether presently payable or not, by the Bank under or in connection with the Obligations, including where Obligations are denominated in foreign currencies the Sterling Equivalent of the relevant liabilities of the Bank in relation to such Obligations.
Utilised Amount means, at any time, the aggregate of:
Utilised Amount means, on the date on which the calculation is required, the maximum amount of all liabilities due, owing or incurred, whether actually or contingently and whether presently payable or not, by the Bank under or in connection with the Obligations including where Obligations are denominated in foreign currencies the Sterling Equivalent of the relevant liabilities of the Bank in relation to such Obligations.
Utilised Amount means, at any time, the sum of the Amounts of the outstanding Drawdowns, it being understood that any Drawdown made in Euro currency will be converted in GBP at the exchange rate of the relevant Drawdown Date, so that the Utilised Amount shall always be expressed in GBP. 1.24. Target Day means a day on which the Trans-European Automated Real Time Gross Settlement Express Transfer (Target) System is open. 1.25. Voluntary Prepayment has the meaning set forth in section 8.3 of this Agreement. 1.26 the "control" of a company or corporation shall be construed as: (a) the power (whether by way of ownership of shares, proxy, contract or other binding arrangement) to: (i) cast, or control the casting of, more than one-half of the maximum number of votes that might be cast at a general meeting of the company or corporation; or (ii)appoint or remove all, or the majority, of the directors of that company or corporation; or (iii) give directions with respect to the operating and financial policies of that company or corporation which the directors of that company or corporation are obliged to comply with; or (b) the holding (directly or indirectly) of a participating interest in that company or corporation and: (i) the actual exercise of a dominant influence over that company or corporation; or (ii) the person holding (directly or indirectly) the participating interest and that company or corporation are managed on a unified basis; or (c) the holding of more than one-half of the issued share capital of that company or corporation (excluding any part of that issued share capital that carries no right to participate beyond a specified amount in a distribution of either profits or capital).