(i) If Operator elects to promote the Aircraft, Proprietor shall apply the proceeds of any such sale toward payment of all amounts owing or owing to Operator under this Lease at time of any this sort of application, such as, without the need of limitation: (A) the Occasion of Default Amount (calculated as in Posting fourteen(a)(iii)); and (B) curiosity from and including the payment day laid out in the applicable see into the date of payment at the highest applicable price allowed by regulation but not multiple and a person-fifty percent per cent (1-112%) a month or portion thereof. If The online proceeds from any these kinds of sale are inadequate to protect the payment of all such amounts, LESSEE shall go on to get liable to Proprietor for that deficiency.

If this perspective is acknowledged, then required software of lis pendens in jurisdictional proceedings ahead of an arbitral tribunal, in deference to international judicial proceedings, is senseless in any way.

c. The Claimant administered and executed the contracts as whenever they have been obtain and sale contracts rather then leases by motive of the subsequent:

“The lack of the cohesive and extensively acknowledged cross-border Islamic finance framework brings about complexity and inefficiencies which make multinational economic institutions’ compliance [obligations] Specially tricky,” he states.

GenAI’s insatiable appetite for info provides financial institutions within the Gulf Cooperation Council states the prospect of not only a far more intimate romance with consumers, but also improved administration procedures, such as fraud detection and other significant back-Workplace features.

In accordance with the evidence, Cessna followed these described conditions in order to ascertain the quantity thanks and owing from Gulf Jet towards which the net proceeds of sale ended up then utilized. The Stipulated Reduction Worth is the biggest part and It is just a predetermined volume established out in Annex C to each Lease for each month in the Lease phrase as This is a decreasing total following Every single Month-to-month Rental Payment.

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4 %, down from 4.one percent the prior yr. Over the overall area, the drop in commodity charges not simply acted to stifle government revenues, but additionally experienced here oblique results on economic situations across the location on account of fiscal retrenchment and decreased liquidity levels inside the banking sector.

On top of that, this year’s Enterprise Excellence Awards recognised institutions and individuals who designed a mark previous yr and impacted the location’s enterprise ecosystem in a very significant way.

What's more, the bank’s motivation to providing detailed and tailor-made options to its purchasers' prosperity administration demands is exemplified because of the inclusion of household governance and relatives Place of work products and services as pivotal components in the Non-public Banking choices, contributing significantly to our development trajectory.

The courts shall have jurisdiction above steps versus non-resident alien during the condition in the subsequent circumstances:

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Amplified FDI and further more progress on important infrastructure advancement assignments will even enable diversify the economies of all 6 member nations.

World-wide trade tensions and also the reimposition of US sanctions on Iran have also contributed into a complicated fiscal atmosphere. On the other hand, this has only spurred the GCC’s programme further more, with countries which includes Qatar and Saudi Arabia accelerating improvement initiatives.