Examples of Accelerated Maturity Date in a sentence
The Securities are not subject to redemption at the option of the Company or at the option of the Holder prior to maturity; however, if certain Acceleration Events shall have occurred and be continuing, the maturity of the Securities will be accelerated to the Accelerated Maturity Date pursuant to the terms of the Indenture.
The Accelerated Guaranteed Amount of a Milestone Fund is the product obtained by multiplying the number of Units outstanding on the Accelerated Maturity Date of the Milestone Fund by the positive difference, if any, obtained when the applicable Net Asset Value per Unit determined as at the Accelerated Maturity Date of the Milest one Fund is subtracted from the Accelerated Guaranteed Value per Unit of the Milestone Fund.
Following the Maturity Date or Accelerated Maturity Date, as the case may be, of a Milestone Fund, Sun Life shall close the Milestone Fund.
Upon the declaration of an Accelerated Maturity Date of a Milestone Fund by Sun Life, that Milestone Fund shall be automatically closed to new Contributions.
In addition, the Maturity Date of a Milestone Fund shall be accelerated without the approval of You or the Members and Sun Life shall declare an Accelerated Maturity Date for a Milestone Fund if all of the assets of the Milestone Fund are allocated to the fixed income component of the portfolio of the Milestone Fund.