HNW definition

HNW means a person who is legally classified as a high net worth individual in the United Kingdom;
View Source
HNW means High Net Worth individual – Al Rayan classified a HNW customer as a customer with an estimated annual income of £500,000 to £1,000,000 and/or estimated net assets of £1,000,000 – 15,000,000;
View Source

Examples of HNW in a sentence

  • A maximum of eight (8) hours Holiday Not Worked (HNW) shall be paid for nonworked designated holidays.

  • The Borrowers and the Escrow Agent shall provide the Administrative Bank with the commitment amounts of all HNW Investors on a quarterly basis or, during the occurrence and continuance of an Event of Default, within five (5) Business Days of request of the Administrative Bank.

  • The Company will give the Trustee written notice of any such suspension of covenants and in any event not later than five Business Days after such suspension has occurred.

  • Each MS HNW Investor’s Subscription Agreement has been accepted by the applicable Fund Borrower and, to the knowledge of the Fund Borrowers, has been duly executed by each such Investor.

  • On or prior to the Closing Date, in accordance with the Escrow Agreement, the Borrowers will deposit with the Escrow Agent the contact information for each HNW Investor in form and substance sufficient to permit the Administrative Bank to make a Capital Call on all such Investors should they be authorized and elect to do so hereunder.

  • Each HNW Investor has executed a Subscription Agreement in the form of Exhibit T hereto.

  • Each MS HNW Investor has accepted, by reference and incorporation in their Subscription Agreement, those certain Terms and Conditions (as defined in each such Subscription Agreements), version date September 2020, and a true, correct and complete copy of which has been provided to the Administrative Agent.

  • At all times, no less than ninety-five percent (95%) of HNW Investors, in the aggregate, shall have funded one-hundred percent (100%) of their Uncalled Capital Commitments into the applicable brokerage accounts of such HNW Investors held at Alliance ▇▇▇▇▇▇▇▇▇ to satisfy such HNW Investor’s obligation to fund Capital Contributions.

  • Without the prior written consent of Administrative Agent and the Required Lenders, which shall not be unreasonably withheld, delayed or conditioned, no Borrower Party shall permit the transfer of the Membership Interest of any Borrowing Base Investor, provided, no consent shall be required for a transfer of all or a portion of a HNW Designated Investor’s Membership Interest in Borrower to a family member or estate planning vehicle owned by or for the benefit of such Investor.

  • It is hereby acknowledged that the Credit Parties debit the brokerage accounts of certain HNW Investors held at Alliance ▇▇▇▇▇▇▇▇▇ to satisfy such HNW Investor’s obligation to fund Capital Contributions.