Initial Instalment definition

Initial Instalment means the initial instalment on the Notes to be paid by the Underwriters on the Issue Date in accordance with the Conditions and the Subscription Agreements in order to fund the purchase of the Initial Portfolio, the Retention Amount, the upfront fees and the Required Cash Reserve Amount.

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Initial Instalment has the meaning given to it in paragraph (c) of Clause 3.2 (Payment of the subscription price in instalments).

Initial Instalment means the sum of $150,000;

Examples of Initial Instalment in a sentence

• The Responsible Entity must comply with section 1017E of the Corporations Act in respect of the Initial Instalment received by it in respect of any Offer Security.

• Upon clause 7.5 being complied with by an Underwriter, the liability of that Underwriter under this agreement with respect to underwriting subscriptions of the Initial Instalment for the Offer Securities shall cease and be extinguished.

• It is acknowledged by the Parties hereto that CAD $29,000,000 has already been paid by the Insurers and that such moneys constitute a partial payment of the aggregate amount payable in respect of the Initial Instalment of the Poseidon Settlement Funds and the Initial Instalment of the Class Settlement Funds.

• If by 5:00pm on the Closing Date, Valid Applications are taken to have been received by the Responsible Entity in respect of that number of Offer Securities which if issued at the Issue Price would raise the Offer Amount, the Underwriters' liability under this agreement to underwrite subscriptions of the Initial Instalment for the Offer Securities is extinguished.

• The amount of the Initial Instalment should be sufficient to cover the first reporting quarter in accordance with article 7.3.2.i.

• IUCN shall make the following payments: Initial Instalment An Initial Instalment of [currency+amount in numbers followed by amount written out in words] upon signature of this Agreement by both Parties and submission of an advance payment request.

• All Valid Applications which the Responsible Entity is taken as having received will go towards relieving the liability of the Underwriters under this agreement to underwrite subscriptions of the Initial Instalment for the Offer Securities.

More Definitions of Initial Instalment

Initial Instalment means such amount of the sale-price of a house or plot as the Authority had determined or may determine and which an allottee is required to pay to the Authority before occupying such house or plot with regard to the cost of a house constructed or plot developed under any scheme of the Authority;

Initial Instalment means in relation to each Ship, the instalment of the Contract Price for that Ship payable by the Lessor to the Builder under clause 4 of the Novation Agreement for that Ship;

Initial Instalment means the initial instalment of the subscription price for each Class of Notes made on the Issue Date, pursuant to the Conditions and the Subscription Agreements, equal to the following amount: €28,615,007.61 for the Class A Notes; and €6,466,409.42 for the Class B Notes, provided that the Initial Instalment for each Note of each Class shall be equal to the following amount: €6,488.66 for each Class A Note; and, €7,698.11 for each Class B Note.