Wakala Agreement definition
Examples of Wakala Agreement in a sentence
This Agreement is supplemental to and should be read and construed as one document in conjunction with the Master Wakala Agreement.
We refer to the Master Wakala Agreement (terms defined in which shall have the same meanings herein with the exception that “we” means the Muwakkil and “you or your” means the Wakil) and to your Wakil Offer (“Wakil Offer”).
We accept your Wakil Offer and hereby enter into a Wakala Transaction with you under the terms of the Master Wakala Agreement and the Wakil Offer.
Each party hereto expressly acknowledges that it is bound by the provisions in Clause 10 (Limited Recourse and Non-Petition) of the Master Wakala Agreement.
The provisions of the Master Wakala Agreement are incorporated into this Agreement mutatis mutandis.