Examples of Sukuk Trustee in a sentence
The Sukuk Trustee agrees to be bound by the provisions of the Transaction Documents to which it is a party.
Any such release, settlement or discharge shall be deemed to be made subject to the condition it will be void if any assurance, payment or security which the Sukukholders and/or Sukuk Trustee may previously have received or may hereafter receive from any person in respect of such indebtedness is set aside under any applicable law or proves to have been for any reason invalid.
The Sukuk Trustee hereby declares that it shall hold the benefit of this Trust Deed and all moneys received by it from the Issuer under or in connection with this Trust Deed and any proceeds from the realisation or enforcement of this Trust Deed on trust upon the terms and subject to the conditions of this Trust Deed for the Sukukholders of the Sukuk Ijarah as beneficiaries, rateably, without preference or priority of any kind.
The Sukuk Trustee shall, within a reasonable time of any such delegation or any renewal, extension or termination thereof, give notice thereof to the Sukukholders and the Issuer and shall procure that any delegate shall give notice to the Sukukholders and the Issuer of any appointment of any sub-delegate.
The Sukuk Trustee shall enter in its register of unclaimed monies, any money paid in accordance with Clause 18.
PROVIDED that when the Sukuk Trustee retires or ceases to be the Sukuk Trustee for any reason whatsoever any remuneration that may have been received prior thereto by the Sukuk Trustee in excess of what the Sukuk Trustee is entitled to under the provisions of this sub-Clause on a proportionate basis shall be refunded by the Sukuk Trustee to the Issuer within thirty (30) days after such retirement or cessation.
Notwithstanding the aforesaid, the delegation by the Sukuk Trustee of all or any of the trusts, powers, authorities and discretion vested in it by this Trust Deed to its related corporation (within the meaning of the Act) shall not absolve the Sukuk Trustee from its responsibilities herein and the Sukuk Trustee shall be responsible for any loss incurred by any misconduct or default on the part of such delegate or sub-delegate.
Copies of the Trust Deed and the Securities Lodgement Form are available for inspection by the Sukukholders at the office of the Sukuk Trustee being at the date hereof at Xxxxx 00 Xxxxx Xxx, XXX Xxxxxx, Xxxxx Tun Razak, 50400 Kuala Lumpur.
The payment by cheque (or such other manner as is acceptable to the Sukuk Trustee) to the Sukukholders of any monies payable by the Sukuk Trustee to him or them in respect of his or their holding of Sukuk Murabahah shall be a good discharge to the Sukuk Trustee.
After provision for payment of or satisfaction of such Sukuk Murabahah is made by such deposit or payment of the funds required for the purpose, the Sukuk Trustee shall not be responsible for the safe custody of such moneys or for the return thereon except such return (if any) as the said moneys may earn whilst on deposit less any costs, charges or expenses incurred or levied by the Sukuk Trustee in relation thereto.