Tangibility Ratio definition
Tangibility Ratio means the ratio of: (a) the aggregate Value of the Portfolio Assets comprising the relevant Asset Portfolio to; (b) the aggregate Value of the Portfolio Assets comprising the relevant Asset Portfolio and the aggregate amounts of Deferred Sale Price then outstanding, in each case applicable at the relevant time; and
Tangibility Ratio means in relation to a Series, the ratio of:
Tangibility Ratio means, at any time, the ratio of (a) the aggregate value of the Lease Assets to (b) the aggregate of (i) the aggregate value of the Lease Assets and (ii) the aggregate amounts of each outstanding Deferred Sale Price relating to the relevant Series;
More Definitions of Tangibility Ratio
Tangibility Ratio means, at any time, the ratio of (a) the aggregate value of the Lease Assets to
Tangibility Ratio has the meaning given to it in the Service Agency Agreement. "Tangible Investment Sukuk" has the meaning given to it in the Purchase Agreement;
Tangibility Ratio means, at any time, the ratio of (a) the aggregate Value of the Lease Assets and the Tangible Part of the Tangible Investment Sukuk forming part of the Portfolio to (b) the Portfolio Value, in each case, at the relevant time, expressed as a percentage;
Tangibility Ratio means, at any time,: (a) in relation to a Mudaraba Portfolio, the ratio of (i) the aggregate of the Value of the Real Estate Ijara Assets and Non- Real Estate Ijara Assets comprising that Mudaraba Portfolio to (ii) the aggregate of the Value of that Mudaraba Portfolio and any Mudaraba Portfolio Principal Revenues received and not reinvested in accordance with the terms of the Master Restricted Mudaraba Agreement, expressed as a percentage; and (b) in relation to a Wakala Portfolio, the ratio of (i) the aggregate of the Value of the Non-Real Estate Ijara Assets and Other Tangible Shari’a- Compliant Assets comprising that Wakala Portfolio to (ii) the aggregate of the Value of that Wakala Portfolio and any Wakala Portfolio Principal Revenues received in respect of such Mudaraba Portfolio and not re-invested in accordance with the terms of the Management Agreement, expressed as a percentage.
Tangibility Ratio has the meaning given to it in the Service Agency Agreement;