Examples of Early Redemption Settlement Date in a sentence
The Security shall become enforceable if payment of the Redemption Amount in respect of any ETC Security is not made in full when due on the Scheduled Maturity Date or the relevant Early Redemption Settlement Date (if applicable).
The Issuer shall as soon as reasonably practicable give notice to each Transaction Party and the ETC Holders in accordance with Condition 19 ( Notices) of the Early Redemption Trade Date, the Metal Sale Cut-Off Date and the Early Redemption Settlement Date of the ETC Securities.
The Issuer shall as soon as reasonably practicable give notice to each Transaction Party and the Securityholders in accordance with Condition 19 ( Notices) of the Early Redemption Trade Date, the Metal Sale Cut-Off Date and the Early Redemption Settlement Date of the ETC Securities.
Reflecting the cyclical nature of the sector, a prudent approach to delivering sustainable returns and consistent with these capital management disciplines, the Board has decided to replace the progressive dividend policy with a payout ratio policy.
The Issuer shall give notice to the Securityholders of the Early Redemption Trade Date and the Early Redemption Settlement Date of the Securities as soon as reasonably practicable in accordance with Condition 18.
If a Securityholder of Physical Redemption Securities continues not to satisfy its obligation to pay the Early Redemption Fee on or after the Early Redemption Settlement Date, the Issuer shall be entitled (but is not obliged) to deduct an amount of Metal from the Early Redemption Amount to pay the Early Redemption Fee and to transfer the remaining Early Redemption Amount to such Securityholder in satisfaction of the Issuer’s settlement obligation.
The Issuer will, on or prior to the Early Redemption Settlement Date, make available to Securityholders of Cash Redemption Securities details of the determination of the Early Redemption Amount (which shall include publication of the price, volume and date of each sale of Underlying Metal and the determination of the Metal Sale Proceeds per Security).
The Issuer (or the Adviser acting on its behalf) shall instruct the Custodian to deliver on the Early Redemption Settlement Date an amount of Metal in accordance with the relevant Authorised Participant Agreement to each Authorised Participant who has elected to receive Physical Redemption equal to the product of (x) the Final Metal Entitlement; and (y) the number of Physical Redemption Securities of such Series held by such Authorised Participant.
If (A) an Issuer Call Redemption Event occurs, (B) any of the other Early Redemption Events listed in Condition 7(d) ( Early Redemption Events) occur or (C) an Event of Default Redemption Notice is issued, each ETC Security outstanding as at the Early Redemption Trade Date shall become due and payable on the Early Redemption Settlement Date at its Early Redemption Amount.
In particular, the ability of the Issuer to pay the Early Redemption Amount or the Final Redemption Amount on the Scheduled Maturity Date or Early Redemption Settlement Date (as applicable) will depend on the receipt by it from each relevant Metals Counterparty of the net proceeds of liquidation of any Metal to be liquidated on its behalf by such Metals Counterparty in accordance with the Conditions and the relevant Metals Counterparty Agreement.