Early Maturity Event definition
Examples of Early Maturity Event in a sentence
If in the reasonable opinion of the Issuer it is not possible or desirable to deal with the occurrence of the Adjustment Event in accordance with this clause 6, the Issuer may nominate the event as an Early Maturity Event and may deal with that event in accordance with clause 5.
The Issuer may deduct Break Costs in relation to Early Maturity (whether following an Early Maturity Event or Issuer Buy-Back).
The Break Costs will form part of the calculation of the amount you will receive if your Issuer Buy- Back request is permitted or if an Early Maturity Event occurs.
Other examples of Early Maturity Events include, where tax costs increase, a Change of Law occurs, it becomes illegal for the Issuer to perform its obligations, an Investor Insolvency occurs, or there is an Adjustment Event or Market Disruption Event which the Issuer nominates as an Early Maturity Event under clause 6 “Adjustment Events and Market Disruption Events” of the Terms.
If any event occurs which constitutes both an Adjustment Event and an Early Maturity Event as defined in this clause, the Issuer may, acting in good faith and a commercially reasonable manner, treat that event as either an Adjustment Event or Early Maturity Event and notify Investors accordingly.
If an Early Maturity Event occurs the Issuer may reasonably determine whether to call Early Maturity or allow the Units to continue.
In an Early Maturity Event occurs, Investors will not be entitled to a refund on any Prepaid Interest or any Fees paid.
From and after the Effective Date, the “Maturity Date” of each of the Tranche A Debenture, Tranche B Debenture, Tranche C Debenture and Tranche D Debenture will be extended to the earlier to occur of (a) an Early Maturity Event, and (b) September 30, 2015.
The Units can mature early if an Early Maturity Event occurs or if an Investor requests an Issuer Buy-Back which is accepted by the Issuer.
Additionally, in the event of an Investor requested Issuer Buy-Back, an Early Maturity Event or if Investors elect to repay their Loan prior to the Maturity Date, they will not receive a refund of any of the Prepaid Interest or other Fees.