Sukuk Proceeds definition

Sukuk Proceeds. ’ means the proceeds of the issue of the Certificates;
Sukuk Proceeds means the issue proceeds provided by the subscriberof each series of the sukuk wakalah upon their subscription of the relevant sukuk wakalah;

Examples of Sukuk Proceeds in a sentence

  • The Issuer shall from time to time issue Sukuk Wakalah and the Sukukholders shall subscribe to the Sukuk Wakalah by paying the Sukuk Proceeds.

  • The Investment Plan means the requirement for the Investment Manager: (i) to invest the Sukuk Proceeds into a portfolio of Sukuk Contracts which generates returns at least equal to each relevant Periodic Distribution Amount for a period which is equal to or greater than the remaining duration of the Certificates which are outstanding at the time of the relevant investment; and (ii) to ensure satisfaction of the Underlying Value Conditions.

  • The remaining balance of the Sukuk Proceeds after investment into the Shariah-compliant Business shall be invested into the relevant Commodity Murabahah Investment.

  • The Sukuk Trustee (on behalf of the Sukukholders) will appoint WASH to act as its agent (Wakeel) to invest the Sukuk Proceeds in WASH initiatives 3.

  • Commodity Murabahah Investment The remaining balance of the Sukuk Proceeds shall be invested into the Commodity Murabahah Investment.

  • The Investment Wakeel shall invest at least 51% of the Sukuk Proceeds into the Shariah-compliant Business.

  • The Sukuk represents the Sukukholders’ undivid- ed and proportionate beneficial interest in the trust assets, comprising of the Sukuk Proceeds, underlying assets in the WASH initiatives including the rights, title, etc.

  • It should be documented that the drinking water system (hoses, tanks and bunkering systems) should secure the drinking water against contamination: - The bunkering system must be completely drained after bunkering (both to and from the supply vessel) to avoid stagnant water.- Permanent connections for other technical equipment to the pipe system for drinking water must be secured with the appropriate protection valve (BA Type protection valve) or similar solutions.

  • Tangible Assets The Investment Wakeel shall invest at least 33% of the Sukuk Proceeds into the Tangible Assets.

  • Under the Islamic principle of Wakalah Bi Al-Istithmar, the issuance of each tranche of the Sukuk Ihsan shall be effected as follows: (a) Pursuant to a Wakalah Agreement between the Sukuk Trustee (on behalf of the Sukukholders) and Ihsan, the Sukuk Trustee (on behalf of the Sukukholders) will appoint Ihsan to act as its Wakeel to invest the Sukuk Proceeds in Sukuk Investments.

Related to Sukuk Proceeds

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1997-1 Trustee's Account, together with an amount equal to all interest and other investment earnings on funds held in the Collection Account.

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.