Examples of Maximum Facility LVR in a sentence
If a direct debit of your nominated bank account effected in accordance with your Standing Instructions does not result in a Cleared Payment of the Instalment Acceleration Event Amount within 24 hours of the Instalment Acceleration Event Payment Time, Macquarie is authorised to instruct the Security Trustee to dispose of the Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR.
Occurrence of an Instalment Acceleration Event: If your Current Facility LVR exceeds your Maximum Facility LVR, for instance as a result of a fall in the value of the Underlying Securities, an Instalment Acceleration Event will occur.
If Macquarie has taken reasonable steps to notify you and your Authorised Representative, if any, of an Instalment Acceleration Event but is unsuccessful, then Macquarie may, at any time after the Instalment Acceleration Event Payment Time, dispose of some or all of your Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR.
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.
Responsibility for your investment decisions: You are responsible for selecting the Underlying Securities and your level of leverage (subject to your Maximum Facility LVR).
Instalment Acceleration Events (Continued)It is important to understand that, in circumstances where your Current Facility LVR exceeds the Maximum Facility LVR, it may be necessaryfor Macquarie to act on the basis of instructions which are not in writing (usually verbal instructions) from you or your Authorised Representative.
If Bell Potter Capital hastaken reasonable steps to notify you and your Authorised Representative, if any, of an Instalment Acceleration Event but is unsuccessful, then Bell Potter Capital may, at any time after the Instalment Acceleration Event Payment Time,dispose of some or all of your Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5% below the Maximum Facility LVR.
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.
Accordingly, nothing in this PDS is a recommendation by Bell Potter Capital, the Security Trustee,or any associate of them or any other person about an investment in Instalment Receipts, the Underlying Securities or any other financial product.You are responsible for selecting the Underlying Securities and the level of leverage (subject to your Maximum Facility LVR).
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.