Realisations Sample Clauses
Realisations. Upon the realisation (whether by way of disposal, maturity or otherwise) of any Authorised Investment, the net proceeds of realisation shall either immediately be credited directly to the Project Account from which the Authorised Investment or such investment was made, or (unless a Default has occurred and is continuing) immediately be invested in another Authorised Investment, whichever the relevant Obligor directs.
Realisations. 6.1. The Investor may make a request for a partial or full Realisation (which for these purposes includes sale of Investments) of their Investment at any time. The Investment Manager will endeavour to return funds before the end of the following quarter following the receipt of a Realisation request.
6.2. The Investor should note that it may not be practicable for their holding in Investee Companies to be sold, which may cause a delay in completing a Realisation request.
6.3. Investors should also note that they are likely to lose Business Relief in respect of the shares sold from their Portfolio. The Investment Manager is not responsible for the taxation consequences of any transaction. Save for Business Relief, the Investment Manager is not required to take into account any Investor tax issues in the management of the Portfolio.
6.4. Any request for a Realisation must be made in writing to the Investment Manager stating the amount of the Investment to be realised (“Realisation Notice”). A Realisation Notice, once served, is irrevocable but the Investment Manager, in its absolute discretion, reserves the right to accept or reject the request for a Realisation (which is likely to be the case where the remaining value of the Portfolio following any such Realisation would be below £10,000). The Investment Manager may effect a disposal of Shares from a Portfolio by way of sale to a third party in a matched bargain, or the Shares may be realised by way of a share buyback by an Investee Company.
Realisations. (A) Upon the realisation (whether by way of disposal, maturity or otherwise) of any Authorised Investment, the net proceeds of realisation shall either immediately be credited directly to the Project Account from which the Authorised Investment or such investment was made, or (unless a Default has occurred and is continuing) immediately be invested in another Authorised Investment, whichever the relevant Obligor directs.
(B) Upon the receipt of any interest, dividends or other income from or in respect of any Authorised Investment, such interest, dividends or other income shall be credited to the Project Account concerned with the Authorised Investment or such other investment from which such interest, dividend or other income derives, or (if such interest, dividend or other income is derived from an Authorised Investment and such Authorised Investment is to be retained after such interest, dividend or other income is received and the relevant Obligor so requests) the relevant interest, dividend or other income shall be reinvested in that Authorised Investment.
Realisations. (A) Upon the realisation (whether by way of disposal, maturity or otherwise) of any Authorised Investment, the net proceeds of realisation shall either immediately be credited directly to the Project Account from which the Authorised Investment or such investment was made, or (unless a Default has occurred and is continuing) immediately be invested in another Authorised Investment, whichever Kosmos directs.
(B) Upon the receipt of any interest, dividends or other income from or in respect of any Authorised Investment, such interest, dividends or other income shall be credited to the Project Account concerned with the Authorised Investment or such other investment from which such interest, dividend or other income derives, or (if such interest, dividend or other income is derived from an Authorised Investment and such Authorised Investment is to be retained after such interest, dividend or other income is received and Kosmos so requests) the relevant interest, dividend or other income shall be reinvested in that Authorised Investment.
Realisations. (a) Whenever the Account Bank receives any Investment Proceeds or Income, the Account Bank shall: **** indicates material omitted and filed separately with the Commission.
(i) in the case of Investment Proceeds, apply the Investment Proceeds by either:
(A) reinvesting them in further Authorised Investments nominated by the Borrower; or
(B) paying them into the Authorised Investment Account, whichever the Borrower directs; and
(ii) in the case of Income, pay the same into the [Operating/Revenue] Account or, if the Authorised Investment from which the Income derives is to be retained after the Income is received and the Borrower so requests, reinvest the same in that Authorised Investment.
(b) The Account Bank agrees that, immediately upon receiving notice from the Agent pursuant to Clause 18.1 (Acceleration) of the Credit Agreement, it will (so far as may be within its power and save to the extent that such notice requires otherwise) take such steps as may be specified in that notice to sell or otherwise realise the specified Authorised Investments and shall pay the Investment Proceeds received by it to the Security Trustee for application in accordance with the Intercreditor Agreement.
Realisations