1. Applicability
| No: 43013189 | Date(g): 19/9/2021 | Date(h): 12/2/1443 | Status: In-Force |
(a) From time to time the parties hereto may enter into transactions in which:
(i) one party, acting through a Designated Office, ("Seller") agrees to sell to the other, acting through a Designated Office, (“Buyer”) Securities against the payment of the purchase price by Buyer to Seller;
(ii) Seller grants a Wa’ad (undertaking) to Buyer to purchase Securities from Buyer on a future specified date, subject to a specified condition being satisfied; and
(iii) Buyer grants a Wa'ad (undertaking) to Seller to sell Securities to Seller on a future specified date, subject to a specified condition being satisfied.
(b) Each such transaction shall be referred to herein as a “Transaction" and shall be governed by this Agreement, including any supplemental terms or conditions contained in Annex1, unless otherwise agreed in writing.