(i) If Operator elects to provide the Plane, Proprietor shall apply the proceeds of any this kind of sale toward payment of all quantities because of or owing to Proprietor underneath this Lease at the time of any these types of application, such as, without having limitation: (A) the Occasion of Default Volume (calculated as in Write-up 14(a)(iii)); and (B) interest from and such as the payment date laid out in the applicable see for the day of payment at the best relevant level permitted by regulation but not more than one and 1-50 % p.c (1-112%) monthly or fraction thereof. If The web proceeds from any such sale are inadequate to address the payment of all this sort of amounts, LESSEE shall keep on to be liable to Proprietor for your deficiency.

GCC Exchange has appear a long way. Ever since its institution, it's obtained countless milestones. Some milestones had been in the form of awards and recognition, Other people have been in the shape of goodwill and rely on. Obviously, each milestone experienced a major part to play in making GCC Trade what it truly is these days.

“Awards for instance this, including the ‘Earth’s Best Islamic Personal Financial institution’, affirm Dukhan Bank’s motivation to supplying ground breaking Shariah-compliant services and products that boost buyer working experience and sustain our leadership inside the increasingly advanced and demanding sphere of private banking, particularly in digital innovation.”

Islamic banking companies based in the Gulf Cooperation Council (GCC) nations around the world carry on to grow their access, taking over Shariah-compliant transactions in new industries and creating new strategic partnerships.

“AI algorithms examine extensive quantities of knowledge to assess credit history danger, detect anomalies, and prevent AML fraud,” Saxena notes. That may be notably suitable to financial establishments inside the UAE.

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Chaouki Daher, GM-head of Private Banking at Dukhan Bank, mentioned: “We are proud to receive this prestigious award once again. These successive honours talk volumes about our staff's unwavering pursuit of excellence and the deep assurance our purchasers have in us.

b. The arbitration clauses Finance awards in GCC from the Leases as well as the Guarantees were void and unenforceable as they were not sufficiently evident or conspicuous.

With this in mind, the World Finance staff of in-house specialists has scoured the marketplace and consulted quite a few indicators to draw up the final list of winners.

With fintech valuations still high, the chance of conventional banking institutions acquiring their upstart rivals is questionable. And venture capital, the most crucial supply of funding For a lot of fintechs, can also be under pressure.

Besides the awards ceremony, there will also be a GCC Expo, that can provide a platform for organisations to showcase their services. With such a wide variety of routines and opportunities, the celebration claims to be a one particular-of-a-sort expertise that is definitely to generally be recognized.

C. [Cessna] may possibly progress immediately towards Guarantor for almost any sum or any functionality hereby confirmed. Guarantor hereby waives any suitable to demand [Cessna] to progress initial against Lessee or some other particular person or entity or to have to have the afterwards joinder of Lessee or almost every other man or woman or entity in any match that [Cessna] could deliver pursuant to this Guaranty; to move forward towards the Aircraft or another collateral prior to proceeding versus Guarantor; or to exhaust another cure in [Cessna's] ability in any respect."

Each of these witnesses gave oral testimony on the deserves hearing which further clarified and supported the quantities claimed for every Lease It is suitable to established those calculations out in detail as claimed, such as the specific calculations as footnoted in the Memorial. With regard to Cessna Lease 560-5679, Cessna promises at paragraph 55 of its Memorial as follows:

noted that development is becoming supported by a fundamentally sturdy economic sector, as well as an enhancement within the non-oil non-public sector. Obviously, the money sector often constitutes a significant Basis for financial development, but nowhere is this much more evident than across the Gulf economies, the place a tremendous hard work in diversification is very important to securing foreseeable future prosperity.