Examples of Completion Payment in a sentence
You can make the Completion Payment and take full legal title to the Underlying Securities by submitting a Completion Notice at any time during the Term.
There is no refund of pre-paid interest if you repay the Loan early.You can determine the Completion Payment for each of your Westpac SFIs by contacting Westpac on 1800 990 107.
The Loan in respect of each Westpac SFI is limited recourse, which means that if you do not repay the Loan (make the Completion Payment) on expiry of your Westpac SFI on the Completion Date, the only action Westpac can take is to enforce its Security Interest, sell the Underlying Security and use the sale proceeds to repay the Loan.
The Underlying Securities remain subject to the Security Interest and the Completion Payment does not change.For example, Westpac can substitute the new securities with the Underlying Securities.
Seller shall include with such Change Notice the best information and documentation then reasonably available to Seller to support any change proposed by Seller to the Purchase Price (including the Substantial Completion Payment Amount) or the Guaranteed Substantial Completion Date based on such claim.