SALE AND PURCHASE OF THE GOODS Sample Clauses

SALE AND PURCHASE OF THE GOODS. 2.01 The Institution agrees to sell the Goods to the Client to a maximum amount of Rs and the Client agrees to purchase the Goods from the Institution from time to time at the Contract Price. Upon receipt by the Institution of the Client's Purchase Requisition advising the Institution to purchase the Goods and making payment therefore, the Institution shall acquire the Goods either directly or through the Agent. The payment for such goods shall be made by the institution directly to the Supplier on submission of Purchase Advice by the client/agent. The said Receipt shall be substantially in a form given in Murabaha Document # 4. (For making payment to the Supplier the bank should prepare a Pay Order/Cross cheque, etc in the name of Supplier that should be handed over to him through client/agent. The supplier should issue invoice in the name of Bank Account Client e.g. ‘1st Islamic Bank – ABC Company’. This way, the problem of claiming Sales or other Taxes Refund could be solved easily).
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SALE AND PURCHASE OF THE GOODS. 2.01 The Institution agrees to sell the Goods to the Client to a maximum amount of Rs and the Client agrees to purchase the Goods from the Institution from time to time at the Contract Price. Upon receipt by the Institution of the Client's Purchase Requisition advising the Institution to purchase the Goods and make payment therefor, the Institution shall acquire the Goods either directly or through the Agent, the payment for which shall be made by the institution to the Supplier. The Receipt for such payment shall be acknowledged by the Client in his capacity as an Agent to the Institution, should he be so appointed as an Agent of the Institution. The said Receipt shall be substantially in a form given in Musawamah Document # 4.
Sample 1Sample 2
SALE AND PURCHASE OF THE GOODS. 2.01 The Institution agrees to purchase the goods required by the Client and agrees to sell the Goods to the Client to a maximum amount of Rs and the Client agrees to purchase the Goods from the Institution from time to time at the Contract Price. Upon receipt by the Institution of the Client's Purchase Requisition advising the Institution to purchase the Goods and making payment therefore, the Institution shall acquire the Goods either directly or through the Agent. The payment for such goods shall be made by the institution directly to the Supplier on submission of Purchase Advice by the client/agent. The said Receipt shall be substantially in a form given in Murabaha Document # 4. (For making payment to the Supplier the Institution should prepare a Pay Order/Cross cheque, etc in the name of Supplier that should be handed over to him directly or through client/agent. The supplier should issue invoice in the name of Bank Account Client e.g. ‘1st Islamic Bank – ABC Company’. This way, the problem of claiming Sales or other Taxes Refund could be solved easily).
Sample 1
SALE AND PURCHASE OF THE GOODS. 2.01 The Modaraba agrees to sell the Goods to the Client to a maximum Contract amount of Rs. and the Client agrees to purchase the Goods from the Modaraba from time to time at the Contract Price. Upon receipt by the Modaraba of the Client's Purchase Requisition advising the Modaraba to purchase the Goods and make payment therefor, the Modaraba shall acquire the Goods either directly or through the Agent, the payment for which shall be made by the institution to the Supplier. The Receipt for such payment shall be acknowledged by the Client in his capacity as an Agent to the Modaraba, should he be so appointed as an Agent of the Modaraba. The said Receipt shall be substantially in a form given in Musawamah Document # 4.
Sample 1
SALE AND PURCHASE OF THE GOODS. 2.01 The Society agrees to sell the Goods to the Member and the Member agrees to purchase the Goods from the Society at the Contract Price of Rs ;
Sample 1
SALE AND PURCHASE OF THE GOODS. 2.01 The Cooperative agrees to sell the Goods to the Client to a maximum amount of the agreed contract price and the Client agrees to purchase the Goods from the Cooperative from time to time at such Price which is inclusive of 15% xxxx-up profit as bench-marked by the Board. Upon receipt by the Cooperative of the Client's Purchase Requisition advising the Cooperative to purchase the Goods and making payment therefore on his/her behalf, the Cooperative shall acquire the Goods either directly or through an Agent. The Cooperative shall make the payment for such goods directly to the Supplier on submission of Purchase Advice by the client/agent.
Sample 1
SALE AND PURCHASE OF THE GOODS. 2.1 Subject to the terms and conditions of this Agreement and in particular Clause 2.9, the Buyer, or its Affiliates, may from time to time during the Term issue a purchase order form in such form as the Buyer may determine for the purchase of the Goods identified, in accordance with the terms therein ("Purchase Order"). For the avoidance of doubt, any and all quantities stated in Schedule 1 are estimates only and shall not be binding on the Buyer.
Sample 1
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Related to SALE AND PURCHASE OF THE GOODS

  • Sale and Purchase Upon the terms and subject to the conditions of this Agreement, simultaneously with the Effective Time, Seller shall sell, convey, transfer, assign and deliver to Purchaser, and Purchaser shall purchase, acquire and accept from Seller 5,600,000 shares of Company Common Stock minus a number of shares of Company Common Stock equal to the Management Rollover Common Share Number (the "Purchased Common Stock") and 59,000 shares of Company Preferred Stock minus a number of shares of Company Preferred Stock equal to the Management Rollover Preferred Share Number (the "Purchased Preferred Stock" and, together with the Purchased Common Stock, the "Purchased Company Stock"), free and clear of all Liens, in consideration for which, at the Effective Time, Purchaser shall pay to Seller an amount equal to the Purchase Consideration by making a wire transfer of immediately available funds in U.S. dollars to the account designated in writing by Seller at least two (2) business days prior to the Closing. The transactions contemplated by this Section 2.2 are herein referred to as the "Stock Purchase." Upon the terms and subject to the conditions of this Agreement, simultaneously with the Effective Time, the Company shall issue to the Employee Trust a number of shares of Company Common Stock equal to the Management Rollover Common Share Number (the "Employee Trust Common Stock") and a number of shares of Company Preferred Stock equal to the Management Rollover Preferred Share Number (the "Employee Trust Preferred Stock," which together with the Employee Trust Common Stock, the "Employee Trust Company Stock"), in consideration of, and to secure, the Company's obligations to issue Company Common Stock or Company Preferred Stock under the Senior Executive Plan after the Merger.

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