Sukuk Obligations definition

Sukuk Obligations means the obligations of the Sukuk Issuer, the NewHolding Companies, and the Reorganized Debtors under the Sukuk Facility, to be distributed to certain Holders of Syndicated Facility Claims, Arcsukuk Claims, and General Unsecured Claims on the Effective Date, as provided in Article IV of the Plan.
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Sukuk Obligations means the payment obligations of [New Arcapita Mudareb] under the Sukuk Transaction Documents.
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Examples of Sukuk Obligations in a sentence

  • Notwithstanding the foregoing, no redemptions of the New Arcapita Class A Shares will be made until the New Murabaha Facilities and the Sukuk Obligations have been paid in full.

  • Pursuant to U.S. securities laws, the Sukuk Obligations will not be transferable to Non-Eligible Claimants.

  • The Sukuk Facility, which will be a Shari’ah compliant Mudaraba sukuk, will have a cost price of up to$550 million and a profit rate of 12% per annum; 85% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL, and 15% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Arcsukuk Claims against Arcapita Bank.

  • Pursuant to the Plan and the Implementation Memorandum, New Arcapita Topco will issue the New Arcapita Class A Shares, the New Arcapita Ordinary Shares, the New Arcapita Creditor Warrants and, if applicable, the New Arcapita Shareholder Warrants (together with the New Arcapita Creditor Warrants, the “New Arcapita Warrants”), and the Sukuk Facility Obligors will enter into the Sukuk Facility, creating the Sukuk Obligations.

  • The definition of "succeed" in sub-paragraph (d) of the definition of "Successor" shall be amended such that the words "or (iii) enters into Replacement Recourse Obligations in relation to Replacement Sukuk Obligations that are exchanged for Sukuk Obligations" shall be added after the words "that are exchanged for Relevant Obligations" at the end of the first sentence.

  • The allocation of the Sukuk Obligations, New Arcapita Shares and New Arcapita Warrants among the creditors of and holders of Interests in Arcapita Bank and AIHL contemplated by the Plan reflects the Debtors’ view of the proper allocation of value deriving from the future exits of the Debtors’ portfolio investments, as reflected in the Waterfall Analyses above, adjusted to take into consideration each of the Plan Settlements described in SectionsVI.B.2. through VI.B.11.

  • The continued employment of existing key deal teams will ensure that the pre- emergence business plan with respect to these investments will continue unaffected post- 11 The Sukuk Obligations are only paid if and to the extent that funds are available to pay such Obligations.

  • The definition of "succeed" in § 6(10) above shall be amended such that the words "or (iii) enters into Replacement Recourse Obligations in relation to Replacement Sukuk Obligations that are exchanged for Sukuk Obligations" shall be added after the words "(or, as applicable, obligations)" in line five of such definition.

  • Actual percentages allocable to each Class of Claims may vary significantly from the estimated percentages set forth herein.• Holders of Claims against AIHL (including Claims arising from the Syndicated Facility and the Arcsukuk Facility) will receive their Pro Rata Share of (i) 85% of the Sukuk Obligations, (ii) 55% of the New Arcapita Class A Shares, (iii) 2.5% of the New Arcapita Ordinary Shares (subject to dilution by the New Arcapita Warrants), and (iv) 100% of the New Arcapita Creditor Warrants.

  • The Sukuk Facility, which will be a Shari’ah compliant Mudaraba sukuk, will have a cost price of up to $550 million and a profit rate of 12% per annum; 85% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL, and 15% of the Sukuk Obligations will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Arcsukuk Claims against Arcapita Bank.

Related to Sukuk Obligations

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of trust certificates or other instruments intended to be issued in compliance with the principles of Shari'ah, whether or not in return for consideration of any kind.

  • U.S. Obligations means securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are (i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged, and (ii) not subject to prepayment, call or early redemption.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Bank Obligations as defined in subsection 8.1.

  • Canadian Obligations means all Obligations of the Canadian Loan Parties.

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations (including with respect to attorneys’ fees) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case of clauses (a), (b) and (c), whether now or hereafter owing.

  • Notes Obligations means Obligations in respect of the Notes, this Indenture and the Guarantees.

  • Relevant Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of Islamic-compliant certificates, whether or not in return for consideration of any kind, which for the time being are, or are intended to be, or are capable of being, quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Credit Document Obligations shall have the meaning provided in the definition of "Obligations" in this Article IX.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Specified Obligations means Obligations consisting of the principal of and interest on Loans, reimbursement obligations in respect of Swing Line Loans and L/C Obligations (including interest accrued thereon), and fees.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.

  • Related Secured Obligations means, as of any date, the outstanding principal amount of the Related Equipment Notes issued under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date, the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related Indenture).

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • U.S. Secured Obligations means, collectively, (a) the US Obligations and (b) all existing or future payment and other obligations owing by any US Credit Party under (i) any Secured Hedge Agreement with a US Hedge Bank and (ii) any Secured Cash Management Agreement with a US Cash Management Bank.

  • Foreign Obligations means any Obligations of a Foreign Borrower or Foreign Guarantor (in each case in its capacity as such).

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.