Ceiling Profit Rate definition
Ceiling Profit Rate. Means the contracted profit rate applicable to the Facility as set out in the Letter of Offer or such other rate of profit that the Bank may prescribe at any time.
Ceiling Profit Rate means the contracted profit rate as stated in the relevant Letter of Offer for the calculation of the relevant Bank’s Sale Price in respect of the relevant Asset Sale Agreement; Commodity in relation to the Murabahah transaction, means the commodity as acceptable to the Bank particularly as stated in the relevant Asset Sale Agreement; Commodity Murabahah Term Financing-i or CMTF-i Facility means the Commodity Murabahah term financing-i facility, the principal terms of which are set out in Clause 2.1;
Ceiling Profit Rate means the ceiling profit rate of 18 per cent per annum which is the rate used to calculate the Murabahah Price (Bank’s Sale Price);
Examples of Ceiling Profit Rate in a sentence
Any revision in the Effective Profit Rate as aforesaid shall not exceed the Ceiling Profit Rate.
The Bank shall grant rebate for the differential between the Ceiling Profit Rate and Effective Profit Rate.
Ceiling Profit Rate or CPR means the ceiling profit rate applicable to the Facility as set out in the Letter of Offer.
On profit payment date, the Bank shall grant to the Customer(s) a rebate on the profit which forms part of the The Bank’s Selling Price on the differential sum between the Ceiling Profit Rate and the Effective Profit Rate, subject to the Bank’s discretion.
However, the monthly payment of the Bank’s Sale Price shall be calculated based on the Effective Profit Rate which will not exceed the Ceiling Profit Rate.
More Definitions of Ceiling Profit Rate
Ceiling Profit Rate means the ceiling profit rate as stated in the Letter(s) of Offer for the purpose of calculation of the Asset Sale Price pursuant to the Commodity Murabahah transaction under the Facility.
Ceiling Profit Rate means the ceiling profit rate as set out in the Letter of Offer.