MURABAHA CONTRACT Sample Clauses

MURABAHA CONTRACT. 2.1 Purchase of Commodities and Purchase Instruction with Promise to Purchase Upon and subject to the terms and conditions of this Master Murabaha Agreement, the Parties may, from time to time initiate discussions (by telephone or otherwise) to agree the terms of a proposed Murabaha Contract, whereby Party A shall sell Commodities to Party B on immediate delivery and deferred payment terms. Prior to entering into any Murabaha Contract, Party A shall submit a Purchase Instruction with Promise to Purchase to Party B no later than the Specified Time (or such other time as Party A and Party B may agree), confirming that it shall, subject to receiving a duly completed Acknowledgment from Party B, purchase Commodities and requesting Party B to undertake to buy such Commodities once purchased by (or on behalf of) Party A. If Party B agrees to be bound by the terms of the Purchase Instruction with Promise to Purchase, Party B shall sign the Acknowledgement and return this to Party A no later than the Specified Time (or such other time as Party A and Party B may agree).
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MURABAHA CONTRACT. 2.1 The Buyer may issue a duly completed Notice of Request to Purchase to the Seller (with a copy to the Commodity Agent and the Representative) in relation to the proposed Murabaha Contract, no later than 9.00 a.m., on the Settlement Date (or such other time and date as may be agreed in writing by the Buyer and the Seller from time to time). Once issued, a Notice of Request to Purchase will be irrevocable.
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MURABAHA CONTRACT. As soon as Party A has received the Acceptance Notice in accordance with Clause 2.4 (Acceptance Notice), a Murabaha Contract shall be concluded between Party A and Party B upon the terms of the Offer Notice, the Acceptance Notice and incorporating the terms and conditions set out herein, in particular, the terms set out in Clause 4 (
Sample 1
MURABAHA CONTRACT. As soon as Party A has received the Acceptance Notice in accordance with Clause 2.4 (Acceptance Notice), a Murabaha Contract shall be concluded between Party A and Party B upon the terms of the Offer Notice, the Acceptance Notice and incorporating the terms and conditions set out herein, in particular, the terms set out in Clause 4 (Terms Applicable to Purchase and Sale of Commodities). Upon conclusion of a Murabaha Contract ownership of the Commodities shall immediately pass to and be vested in Party B, together with all rights and obligations relating thereto. The Parties agree that if Party B requests physical delivery of the Commodities, Party A will use reasonable endeavours to facilitate the delivery, provided that any delivery costs incurred in respect of such Commodities shall be payable by Party B.
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