Common use of Term Meaning Clause in Contracts

Term Meaning. Authorised Person A Person notified by the Borrower to the Lender from time to time and, if the Borrower is a company (including a company trustee), all of its directors jointly and each of them severally. Borrower The applicant for a Margin Loan Facility who the Lender may accept by opening a Loan Account and whose details are set out in the Application Form as a borrower. Borrowing Request A request to borrow money in accordance with the Facility Agreement. Break Costs The Lender’s estimate of all losses and expenses incurred or likely to be incurred by the Lender (including where those costs are imposed by the Lender’s Related Body Corporate) in respect of a Fixed Rate Loan being repaid or otherwise altered (whether voluntarily or otherwise) prior to the expiration of the Fixed Term. Broker A Market Participant as defined in the ASX Settlement Operating Rules. Generally, a broker is a stockbroker admitted to participate in CHESS under the ASX Settlement Operating Rules. Buffer An amount equal to the aggregate of the Market Value of each item of the Secured Portfolio multiplied by a percentage determined by the Lender from time to time in its absolute discretion in respect of that item of the Secured Portfolio. Such percentage may vary according to the item of the Secured Portfolio and may be zero. Business Day A day on which the ASX is open for business. Certificate A share certificate or other document evidencing title for a Security. Certificated Security A Security, title to which is evidenced by a Certificate. CHESS Has the meaning given in the ASX Settlement Operating Rules. CHESS Subregister Has the meaning given in the ASX Settlement Operating Rules. Generally, the CHESS Subregister is part of the securities register of an entity that is administered by the ASX Settlement. Company Accounts Profit and loss accounts, balance sheets and cashflow statements together with any statements, reports (including any directors' and auditors' reports) and notes attached to or intended to be read with any of them. Controlling Participant Has the meaning given in the ASX Settlement Operating Rules. Generally, the Controlling Participant is a Person that has the capacity in CHESS to Transfer or convert Securities from a Holding. Conversion Has the meaning given in the ASX Settlement Operating Rules. Corporate Action Corporate events including a takeover, rights issue, bonus issue, company restructure, return of capital, buy back, exercise of an option, share purchase plan and partly paid call payment. Corporations Act The Corporations Xxx 0000 (Cth). Corporations Regulations The Corporations Regulations 2001 (Cth). Term Meaning