Current Facility LVR definition

Current Facility LVR means, for all of the Instalment Receipts which you hold, the Total Completion Payments as a percentage of the Market Value of your Underlying Portfolio.
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Examples of Current Facility LVR in a sentence

  • If a direct debit of your nominated bank account effected in accordance with your Standing Instructions does not result in a Cleared Payment of the Instalment Acceleration Event Amount within 24 hours of the Instalment Acceleration Event Payment Time, Macquarie is authorised to instruct the Security Trustee to dispose of the Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR.

  • In this case, you would be required to pay part of the Total Completion Payments to reduce your Current Facility LVR to your Facility LVR.

  • If you do not take steps to reduce your Current Facility LVR, Macquarie may sell some or all of your Underlying Securities.

  • Occurrence of an Instalment Acceleration Event: If your Current Facility LVR exceeds your Maximum Facility LVR, for instance as a result of a fall in the value of the Underlying Securities, an Instalment Acceleration Event will occur.

  • In the case of Early Closure, the proceeds of sale of the Underlying Securities will, after payment of the Completion Payments owing in respect of the relevant Instalment Receipts, be applied by Macquarie to pay a portion of your Total Completion Payments, so as to reduce your Current Facility LVR to your Facility LVR.

  • If the sale proceeds do not cover the Completion Payment, the shortfall amount (called the Unpaid Completion Payment) will remain outstanding and be included in your Total Completion Payments for the purposes of calculating your Current Facility LVR.

  • If Macquarie has taken reasonable steps to notify you and your Authorised Representative, if any, of an Instalment Acceleration Event but is unsuccessful, then Macquarie may, at any time after the Instalment Acceleration Event Payment Time, dispose of some or all of your Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR.

  • If your instruction does not result in a Cleared Payment of the Instalment Acceleration Event Amount within 24 hours of the giving of the instruction then Macquarie is authorised to instruct the Security Trustee to dispose of all or part of your Underlying Portfolio as will produce proceeds sufficient to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR and to pay any Brokerage.

  • For example, you may have Instalment Receipts with a range of Completion Dates over the same Underlying Security and wish to close-out all Instalment Receipts issued over that Underlying Security at the same time.Alternatively, you may wish to pay the Completion Payment on some of your Instalment Receipts and have the Underlying Securities transferred to you.In both instances removing the Underlying Securities from your Facility may result in your Current Facility LVR exceeding your Facility LVR.

  • You are also entitled to the benefit (if any) of Ordinary Dividends and Special Dividends and any related franking credits (subject to eligibility and any deduction for Tax).Ordinary Dividends paid (subject to any deduction for Tax) on an Underlying Security will generally be used to reduce the Outstanding Instalment Balance owing on your corresponding Instalment Receipt.3 However, if your Current Facility LVR is below 40 per cent these may, at your discretion, be directed to your nominated bank account.

Related to Current Facility LVR

  • Replacement Facility means 1 of the following:

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Existing Credit Facilities means, collectively, the Existing U.S. Credit Facilities and the Existing Foreign Credit Facility.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

  • Public facility means 1 or more of the following:

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Triage facility means a short-term facility or a portion

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Holding facility means a designated area for the retention of

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.