Instalment Acceleration Event definition

Instalment Acceleration Event means when a Holder’s Current Facility LVR exceeds their Maximum Facility LVR. See section 3.2.3 for further details.
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Examples of Instalment Acceleration Event in a sentence

  • If your instruction does not result in a Cleared Payment of the Instalment Acceleration Event Amount within 24 hours of the giving of the instruction then Macquarie is authorised to instruct the Security Trustee to dispose of all or part of your Underlying Portfolio as will produce proceeds sufficient to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR and to pay any Brokerage.

  • You can contact Client Service by the Instalment Acceleration Event Payment Time to arrange for the Instalment Acceleration Event Amount to be debited from your nominated bank account.

  • An Instalment Acceleration Event may also occur if Bell Potter Capital reduces the Published Instalment Receipt LVR for the Underlying Security.

  • Instead, youwill only be required to pay an amount sufficient to reduce your Current Facility LVR to 5% below the Maximum Facility LVR.You do not need to wait for an Instalment Acceleration Event to occur before you take action.

  • You can choose to request Early Closure of such number of the Instalment Receipts held in your Facility as will produce proceeds sufficient to pay the Instalment Acceleration Event Amount (see Section 3.3.3 for details of `Early Closure').

  • If an Instalment Acceleration Event occurs and no action is taken by you by the Instalment Acceleration Event Payment Time, Bell Potter Capital is authorised to instruct the SecurityTrustee to dispose of all or part of your Underlying Portfolio to produce sufficient proceeds to reduce your Current Facility LVR to 5% below your Maximum Facility LVR and to pay any Brokerage.

  • In conjunction with our work, we collected herbaceous and woody vegetation in these areas and could make available a reference collection within Ishaqbini Community Conservancy in the future (see Appendix 3 and Plate 17).

  • If the Market Value of UVW Securities rose 5% but the Market Value of XYZ fell by 80%, your Current Facility LVR might exceed the Maximum Facility LVR, in which case your Facility would be subject to an Instalment Acceleration Event.

  • In this instance the calculation of the number of Underlying Securities Bell Potter Capital will need to sell will be determined with reference to your Current Facility LVRas at the time of disposal rather than at the time the Instalment Acceleration Event occurred.

  • The making of an Early Instalment Payment or responding to an Instalment Acceleration Event should not give rise to any CGT consequences and should not affect your cost base in the Underlying Security.

Related to Instalment Acceleration Event

  • 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).

  • Amortization Event has the meaning specified in Article IX.

  • Early Amortization Event means the occurrence of any of the following:

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Acceleration Date on any Security means the date, if any, on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Potential Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute an Amortization Event.

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

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Redemption Event has the meaning set forth in Section 3.4.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Automatic Early Redemption Event means that:

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Mandatory Prepayment Event means any of the following:

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.