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 Issuer believes that the addition of the Overnight Restrike mechanic reduces the likelihood of a Severe Overnight Gap Event leading to the compulsory redemption of the Affected Security allowing ETP Securityholders to retain their intended exposure.

  • Like restrike events, the Severe Overnight Gap Event has a percentage threshold level which if reached, leads to the event being triggered.

  • A weaving workshop with the local community was conducted on Thursday, 19 March 2015 at Shellharbour City Council's 'Close the Gap' Event held at Killalea State Park.

  • Riotto, GW190521 Mass Gap Event and the Primordial Black Hole Scenario, Phys.

  • TAX ON GAP EVENT For those Investors who select a Model Portfolio that offers Continuous Protection, where a Gap Event occurs the Investment Portfolio for the Investor will be credited with the proceeds from the SPP Swap.

  • 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.

  • The synthetic portfolio and Model Portfolio may differ from time to time, it is possible that the SPP Swap pays out less (or in some limited circumstances more) than an Investor might expect if the SPP Swap was paying out based on the actual Model Portfolio following a Gap Event.

  • Unless otherwise specified, all references in this document to any time shall be to local time.SUMMARY  The Issuer proposes the reduction in the Product Leverage Factor and the change of Index in order to reduce the likelihood of a Restrike Event or a Severe Overnight Gap Event occurring.

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

  • If you have more than one Investment Portfolio, e.g. if you have selected more than one Model Portfolio under this PDS, then a Gap Event may occur to one or more of your Investment Portfolios at any time.


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

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • 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.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Delay Event means: (i) a tsunami, flood, cyclone, earthquake, bushfire or other act of nature; (ii) riot, civil commotion, war, invasion or a terrorist act; (iii) an imminent threat of an event in paragraphs (i) or (ii); or (iv) compliance with any lawful direction or order by a Government Agency;

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Terminating Event means any of the following events:

  • Knock Out Event means the event as defined in §4(4).

  • Put Event means the occurrence of:

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Knock-in Event means (i) the event or occurrence specified as such in the relevant Final Terms; and(ii) (unless otherwise specified in the applicable Final Terms) that the price of the Security or, as the case may be, the level of the Index, determined by the Calculation Agent as of the Knock-in Valuation Time on any Knock-in Determination Day is, as specified in the applicable Final Terms, (i) "greater than", (ii) "greater than or equal to", (iii) "less than" or (iv) "less than or equal to" the Knock-in Price or, as the case may be, the Knock-in Level.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Reduction Event means any of the following:

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • 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.

  • Section 11(a)(ii) Event means any event described in Section 11(a)(ii) hereof.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.