Examples of Wakala Agreement in a sentence
The Trustee shall pay the Wakeel a nominal amount of U.S.$100 as a basic fee on the date of each Supplemental Wakala Agreement and an Incentive Fee (as defined in the Master Wakala Agreement).
The Trustee has appointed the IsDB to perform limited actions in order to service the Portfolio of each Series of Trust Certificates pursuant to the Wakala Agreement.
The Wakeel would bear the loss in case of its default, negligence or violation of any of the terms and conditions of the Wakala Agreement; otherwise the loss would be borne by the Muwakkil, provided the Muwakkil receives satisfactory evidence that such loss was due to force majeure and that the Wakeel neither was able to predict the same nor could have prevented the negative consequences of the same on the Wakala.
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.
Students will not be permitted entrance to the bus without a mask.