Examples of Sale Option in a sentence
The Lender may exercise its rights under the Investor Security Deed to effect repayment of your Loan in the event of non- payment, or in certain circumstances you may be deemed to have elected to use the Agency Sale Option.
At Maturity, if the Loan has been repaid, the Issuer will deliver the Delivery Parcel to the Custodian or its nominee unless the Investor has elected to use the Agency Sale Option.
You will be deemed to have elected to use the Agency Sale Option if you have not repaid your Loan on or before the Maturity Date.
Where the Agency Sale Option is used, the Investor Trust is the trust under which the Custodian (or its nominee) will hold the Delivery Parcel delivered to the Custodian (or its nominee) by the Issuer and the Sale Monies on trust for each Investor.
In circumstances where you have elected to use the Agency Sale Option, Sale Monies (if any) will be paid to your Nominated Account within 10 Business Days of the Settlement Date or as soon as reasonably practicable thereafter.