Examples of Accelerated Maturity Date in a sentence
The Securities are not subject to redemption at the option of the Company or at the option of the Holder prior to maturity; however, if certain Acceleration Events shall have occurred and be continuing, the maturity of the Securities will be accelerated to the Accelerated Maturity Date pursuant to the terms of the Indenture.
In addition, the Maturity Date of a Milestone Fund shall be accelerated without the approval of You or the Members and Sun Life shall declare an Accelerated Maturity Date for a Milestone Fund if all of the assets of the Milestone Fund are allocated to the fixed income component of the portfolio of the Milestone Fund.
Subject to the declaration of an Accelerated Maturity Date of a Milestone Fund as set out below, and without notice to You or the Members, each Milestone Fund shall terminate effective as of the applicable Maturity Date.
Upon the declaration of an Accelerated Maturity Date of a Milestone Fund by Sun Life, that Milestone Fund shall be automatically closed to new Contributions.
For greater certainty, the Guaranteed Value shall not be det ermined at any time after notice is provided to policyholders of the Accelerated Maturity Date of a Milestone Fund pursuant to Section 6.