Gap Event definition

Gap Event means an event, whereby, Plan’s Net Assets falls below the Bond Floor.
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Gap Event means an event, whereby, Fund’s Net Assets falls below the Bond Floor.
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Gap Event means an event, whereby, on the Initial Maturity date of the Fund, the Net Realizable Value of the Fund is less than the Initial Investment Value (adjusted for distributions/redemption during the Life of the Fund).
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Examples of Gap Event in a sentence

  • The Barrier Gap Event will be promptly notified to the Securityholders pursuant to Condition 9 (Notices).

  • Gap Risk - This risk pertains to the Gap Event whereby, on the Initial Maturity date of the Fund, the Net Realizable Value of the Fund is less than the Initial Investment Value (adjusted for distributions/redemption during the Life of the Fund).

  • On the Initial Maturity date of the Fund, if the Gap Event occurs, then the Trustee will reimburse the Fund up to 3% of the Initial Investment Value (adjusted for distribution/redemption during the Life of the Fund) to cover the Gap out of the management fee earned by NAFA on NAFA ISLAMIC PRINCIPAL PROTECTED FUND II.

  • If the Gap Event does not occur at the Initial Maturity Date, then the Trustee will continue with the lien on Management fee pertaining to the initial investments (adjusted for distribution/redemption) which are not redeemed at the initial maturity.

  • If a Gap Event occurs, the Investment Portfolio will be credited with the payout from the SPP Swap.

  • Such contribution shall be made by the Trustee for the benefit of the Unit holders of the Fund latest within three (3) Business Days from the date of occurrence of the Gap Event.

  • If the Barrier Gap Event has occurred during the Barrier Gap Observation Period, the Cash Settlement Amount will be, an amount which will depend on the Barrier Gap Leverage, the Gap Daily Performance on the Barrier Gap Event Date and the Barrier Gap Level.

  • In relation to Certificates only, the applicable Final Terms may also specify that such Certificates are either cash settled of physically settled depending upon the occurrence or not of one of the following events: - Barrier Event;- Barrier Gap Event;- Buffer Event;- Consolidation Floor Event;- One Star Event;- Restrike Event;- Settlement Event;- Switch Event.

  • If the value of the notional synthetic portfolio (and therefore the corresponding Model Portfolio) drops, and a Gap Event occurs the Investment Portfolio for the Investor will be credited with the payout from the SPP Swap.

  • There are risks associated with a Gap Event occurring, e.g. if it results in a zero allocation to the Model Portfolio.


More Definitions of Gap Event

Gap Event. (for CPPI Based Plan) means an event, whereby, Plan’s Net Assets falls below the Bond Floor.
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Related to Gap Event

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.