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

  • 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:

  • 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).