Murabaha Price definition

Murabaha Price shall have the meaning assigned to such term in the Commodities Purchase Agreement, the Luxco Commodities Purchase Agreement or the Second Lien Commodities Purchase Agreement, as applicable.

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Murabaha Price means, with respect to a Transaction, (i) the Purchase Price of such Metals, plus (ii) the Agreed Profit for such Transaction.

Murabaha Price set forth in Schedule 1 of the Lease Agreement is hereby amended and restated as follows:

Examples of Murabaha Price in a sentence

Any prepayment of the Murabaha Price must be in an amount equal to at least $500,000 or in integral multiples of $500,000 in excess thereof (or such lesser amount equal to the remaining Murabaha Price).
The Murabaha Price to be paid by Tensar for such Metals and the Value Date and Transaction Payment Date specified in the Transaction Confirmation and Purchase Offer shall be confirmed by TCO in such Metals Purchase Acceptance, and Tensar hereby agrees to pay such Murabaha Price to TCO on such Transaction Payment Date.
The Murabaha Price to be paid by Tensar for such Goods specified in the Goods Transaction Confirmation and the Goods Purchase Offer shall be confirmed by TCO in such Goods Purchase Acceptance, and Tensar hereby agrees to pay such Murabaha Price (to the extent not previously paid) not later than the Business Day immediately following after Tensar’s receipt of such Goods Purchase Acceptance (such payment date being the “Goods Transaction Payment Date”).
The Murabaha Price to be paid by Tensar for such Metals and the Value Date and Metals Transaction Payment Date (and, if applicable, any Interim Metals Transaction Payment Date) specified in the Metals Transaction Confirmation and Metals Purchase Offer shall be confirmed by TCO in such Metals Purchase Acceptance, and Tensar hereby agrees to pay such Murabaha Price to TCO on such Metals Transaction Payment Date and, if applicable, the Interim Agreed Profit on each Interim Metals Transaction Payment Date.
The Murabaha Price to be paid by Luxco for such Metals and the Value Date and Transaction Payment Date specified in the Transaction Confirmation and Purchase Offer shall be confirmed by TCO in such Purchase Acceptance, and Luxco hereby agrees to pay such Murabaha Price to TCO on such Transaction Payment Date.
On the Transaction Payment Date applicable to a Transaction, Luxco shall pay to TCO the outstanding Murabaha Price (in immediately available funds) applicable to the Metals that are the subject of such Transaction.
The receipt of any payment item by TCO shall not be considered a payment in respect of a Murabaha Price or other obligations hereunder unless such payment item is a wire transfer of immediately available federal funds made to the applicable Payment Account or unless and until such payment item is honored when presented for payment.
On the Transaction Payment Date applicable to a Transaction, Tensar shall pay to TCO the outstanding Murabaha Price (in immediately available funds) applicable to the Metals that are the subject of such Transaction.
In each Purchase Confirmation, TCH shall (i) confirm (A) the terms on which the Metals specified in the related Purchase Request were purchased and (B) the willingness of TCH to sell such Metals to Tensar Holdings, (ii) quote the price of the Metals paid by TCH, the quantity of such Metals and the total Purchase Price for the same, and (iii) state the Murabaha Price, as computed by TCH, to be paid by Tensar Holdings on the Transaction Payment Date.
The receipt of any payment item by TCO shall not be considered a payment in respect of a Murabaha Price or other obligations hereunder or under the Reimbursement Letter unless such payment item is a wire transfer of immediately available federal funds made to the applicable Payment Account or unless and until such payment item is honored when presented for payment.

More Definitions of Murabaha Price

Murabaha Price means, with respect to a Metals Transaction or Goods Transaction, as applicable, (i) the Purchase Price of such Metals or Goods, plus (ii) the Agreed Profit for such Transaction, plus (iii) if applicable, the Supplemental Profit for such Transaction, all as computed by TCO in accordance with this Agreement. Notwithstanding the foregoing, the Murabaha Price for any Transaction with a Deferred Payment Period of 6 months, 9 months or 12 months from the Value Date shall, on each Interim Payment Date applicable to such Transaction, be reduced by the Interim Agreed Profit paid by Tensar with respect to such Transaction on such Interim Payment Date.