Examples of Prior Series Instalments in a sentence
Under the Nominee Deed, the Security Trustee undertakes to hold each Underlying Share transferred to the Security Trustee (or its nominee) by Macquarie, or an Applicant, or on payment of the Final Instalment on Prior Series Instalments, as bare trustee for the Applicant on a Separate Trust until the Maturity Date.The Security Trustee may appoint a nominee to hold Underlying Shares and Accretions on trust.
Applicants should refer to the offer document for the Prior Series Instalments on this matter.
Rollover Application means an Application under which the Applicant holds Prior Series Instalments over Shares of the relevant Listed Entity for the Series of Macquarie Income Instalments which is the subject of the Application and directs payment of the Final Instalment on those Prior Series Instalments from the Current Loan Amount and Rollover Applicant has a corresponding meaning.
By rolling your existing Prior Series Instalments you will retain exposure to the Underlying Shares; obtain a new Loan for each Macquarie Income Instalment; and (depending on which Prior Series Instalments you held) potentially receive a cashback amount to use for business or other investment purposes.
Rollover Applicants should refer to the offer document pursuant to which the Prior Series Instalments were offered and the website for guidance in determining the cost base of the Holder’s Put Option for the Prior Series Instalments.
Prior Series Instalments means instalment warrants issued by Macquarie under any offer document other than this one.
You may convert or “rollover” your expiring Prior Series Instalments into a new Series of ABN AMRO Self Funding Instalments, thus keeping your leveraged exposure to the Underlying Entities’ Shares and using the Dividends from this Underlying Entities’ Shares to reduce the Instalment Payment (Loan Amount).
Primary Market Rollover Applications If you currently own Prior Series Instalments relating to the same Shares as those relating to a Series of Macquarie Income Instalments on offer under this PDS and any relevant SPDS, you may wish to roll them into that Series without the costs and capital gains issues of selling and buying on the ASX (as it relates to the Underlying Share).
Conversion Applications will only be accepted up to 5pm on the expiry date for the Prior Series Instalments being converted.Please note that ABN AMRO Australia requires Applications to include the Applicants TFN / ABN.
However the Issuer has previously been advised in relation to Prior Series Instalments that the Australian Prudential Regulation Authority (“APRA”) does not consider instalment warrants as a borrowing for the purposes of the SIS Act as there is no obligation on the holder to repay the loan.