Early Maturity definition

Early Maturity means accelerated maturity in accordance with clause 6 of the Terms including as a result of an Automatic Early Redemption Event;
Early Maturity means the early maturity of the deferred purchase of the Delivery Assets as determined and completed in accordance with clause 4 of these Terms;

Examples of Early Maturity in a sentence

  • Where the Issuer has nominated an event as an Early Maturity Event, the Issuer may in its absolute discretion determine that there will be an Early Maturity and may specify a date as the Early Maturity Date.

  • If there is an Early Maturity, the Issuer does not guarantee to deliver to the Investor a Delivery Parcel based on the Final Value.

  • Where the Issuer has nominated an event as an Early Maturity Event, the Issuer may reasonably determine that there will be an Early Maturity and may specify a date as the Early Maturity Date.

  • For the avoidance of doubt, when there is an Early Maturity other than as a result of an Automatic Early Redemption Event (and the Issuer elects to apply the maturity process in accordance with clause 6.4(a)(ii)) the Delivery Parcel will only be determined in accordance with clause 6.4(b).

  • Without limiting the foregoing, in determining the Early Maturity Value, Termination Payment or the Buy-Back Price the Issuer may deduct any costs, losses or expenses that it reasonably incurs in relation to the Early Maturity or Issuer Buy-Back, including without limitation, Costs and Taxes, Break Costs, administrative costs, costs of unwinding any hedge put in place for the purposes of meeting its obligations under these Terms, and any cost of funding or any loss of bargain.


More Definitions of Early Maturity

Early Maturity means accelerated maturity in accordance with clause 6 of the Terms including as a result of a Call Event;
Early Maturity means the redemption of Macquarie ALPS prior to the Maturity Date as a consequence of an Extraordinary Event in accordance with clause 5 of the Terms which may only occur if the ASX consents.
Early Maturity of this Term Sheet PDS and Clause 5 “Early Maturity” of the Terms in the PDS. Delivery of the Delivery Parcel relies on the Issuer meeting its obligations and the Hedge Counterparty’s ability to meet its obligations under the Hedge. A relevant factor for the assessment of counterparty risk is the financial strength of the Issuer and Hedge Counterparty. You should refer to “Counterparty risk of Issuer, Hedge Counterparty and Security Trusteein Section 2 “Risks” of the Master PDS. An example of how the Delivery Parcel is calculated is set out below: If the Final Value at Maturity was $1.00 per Unit and assuming you held 50,000 Units, the Final Value for your entire holding will be $50,000. The value of the Delivery Parcel would be $50,000 less any Delivery Costs and subject to rounding of the number of Delivery Assets. Therefore the number of Delivery Assets that would be received by an Investor (i.e. the Delivery Parcel) would be calculated as follows: (Final Value per Unit x Number of Units held by Investor – Delivery Costs)/ Delivery Asset Price. For example, assuming that the Delivery Asset is ordinary shares in Telstra Corporation and assuming that the Delivery Asset Price is $5.20, the number of Delivery Assets in the Delivery Parcel for an Investor with 50,000 Units will be 9,615 (i.e. ($1.00 x 50,000)/ $5.20 = 9,615) (assuming no Delivery Costs). Telstra Corporation $5.20 9,615 The Delivery Asset Price used for the purpose of this example is indicative and is provided for illustrative purposes only. The above figures were calculated on the assumption that the Loan Amount has been repaid and that there were no Delivery Costs applicable (as at the date of this PDS, it is not anticipated that the Delivery Costs will apply). In the above example, the number of Delivery Assets has been rounded down to the nearest whole number and is valued at $49,998.00. Therefore there is a difference of $2.00 (i.e. $50,000 less $49,998.00). As this amount is less than A$20, you will not receive this amount. If the fractional amount were greater than A$20, it would be paid to your Nominated Account within 10 Business Days of the Settlement Date.
Early Maturity means accelerated Maturity in accordance with clause 5 of Section 6Terms of the Deferred Purchase Agreement” and includes early maturity following an Early Maturity Event or an Issuer Buy-Back; Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;
Early Maturity means, in respect of a Class Portfolio, the termination of the Exposure Investments before the Capital Protection Date in accordance with the terms of the Exposure Investments.