DFT Terms Agreement definition

DFT Terms Agreement means any DFT terms agreement or transaction between us incorporating these IBOR Fallback Definitions in the relevant DFT Terms confirmation.
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DFT Terms Agreement and "DFT Terms confirmation" have the meanings respectively specified in the preamble. "Early Termination Amount" has the meaning specified in Section 6(e). 11 To avoid uncertainty regarding the asset which will be the subject of the musawama, the parties must agree, in the Schedule, the type and quantity of the Designated Asset to be purchased under the musawama. It is anticipated that parties will limit the quantity of the Designated Asset to a nominal value in order that inflated/impractical amounts of commodities are not required to be purchased under the musawama. As an alternative to agreeing a single Designated Asset and a single Designated Quantity, the parties may, if they prefer, agree a list of Designated Assets and their respective Designated Quantities, leaving the selection of which out of this list of Designated Assets is to be purchased to be determined by the Exercising Party at the time the wa'ad to enter into the musawama is exercised.
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Examples of DFT Terms Agreement in a sentence

  • Trade Date" means the date on which the parties enter into this DFT Terms Agreement, which may precede or be the same date as the Effective Date.

  • The definitions and provisions contained in Part 2 (Definitions and General Provisions) of this DFT Terms confirmation apply to this DFT Terms confirmation, this DFT Terms Agreement and each Transaction entered into pursuant to this DFT Terms Agreement.

  • Term" means the period commencing on the Effective Date of this DFT Terms Agreement and ending on the Termination Date.

  • The United Nations Convention on Contracts for the International Sale of Goods shall not apply to this DFT Terms Agreement and each Transaction entered into pursuant thereto.

  • Under a related DFT Terms Agreement, Party [B/A] grants or will grant a Wa'ad (undertaking) in respect of such Mubadalatul Arbaah (MA) (profit rate swap).

  • Broker" means, in respect of any Murabaha Sale entered into pursuant to the terms of this DFT Terms Agreement, the person (if any) acting as a broker for the Seller or Buyer, as the case may be, as specified in this DFT Terms confirmation.

  • The purpose of this [letter] (this "DFT Terms confirmation") is to confirm the terms and conditions of the DFT Terms Agreement entered into between us on the Trade Date specified below (the, or this, "DFT Terms Agreement").

  • Multiple Transaction Netting" will apply for the purposes of Section 2(c) of the Agreement to each Transaction entered into pursuant to this DFT Terms Agreement and each Transaction entered into pursuant to a DFT Terms Agreement evidenced by a Related DFT Terms confirmation, starting from the Effective Date.

  • The following definitions and general provisions apply to this DFT Terms confirmation, this DFT Terms Agreement and, where applicable and unless otherwise indicated in the Confirmation relating thereto, each Transaction entered into pursuant to this DFT Terms Agreement.

  • For the purposes of Section 5(a)(ii)(3) of the Agreement, a failure by the Buyer to accept the Seller's offer in accordance with subparagraph (a) above shall constitute a failure by the Buyer to enter into a Designated Future transaction in compliance with and in accordance with the terms of Section 2(a)(i) of the Agreement and this DFT Terms Agreement, unless such failure is remedied in accordance with the terms of that Section 5(a)(ii)(3).