Instalment Acceleration Event definition

Instalment Acceleration Event means when a Holder’s Current Facility LVR exceeds their Maximum Facility LVR. See section 3.2.3 for further details.
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Examples of Instalment Acceleration Event in a sentence

  • Contact details or changes to contact details must be notified to Macquarie in writing no less than five Business Days prior to an Instalment Acceleration Event.

  • Macquarie may, at its election, also notify your Adviser (even if not your Authorised Representative) of the occurrence of an Instalment Acceleration Event.

  • Notices of an Instalment Acceleration Event will then be sent to both you and your Authorised Representative.

  • If the value of the Underlying Securities goes down, this will decrease the value of your Instalment Receipts and may result in an Instalment Acceleration Event.

  • This payment must be made by the Instalment Acceleration Event Payment Time by you direct crediting your Facility via your financial institution’s internet banking and providing us confirmation of the transaction.

  • If Macquarie has taken reasonable steps to notify you and your Authorised Representative, if any, of an Instalment Acceleration Event but is unsuccessful, then Macquarie may, at any time after the Instalment Acceleration Event Payment Time, dispose of some or all of your Underlying Securities and apply some of the proceeds of sale to reduce your Current Facility LVR (at the time of disposal) to 5 per cent below the Maximum Facility LVR.

  • Investing in such highly volatile conditions implies a greater level of risk for investors than an investment in a more stable market, and may increase the chances of an Instalment Acceleration Event occurring.

  • If you decide to request Early Closure of your Instalment Receipts as the result of an Instalment Acceleration Event, Macquarie will dispose of the Underlying Securities.

  • The sale proceeds will be used to pay the Completion Payment relevant to those Instalment Receipts and any remaining sale proceeds will be applied to pay the Instalment Acceleration Event Amount.To request Early Closure of your Instalment Receipts as a response to an Instalment Acceleration Event you mustcontact Client Service by the Instalment Acceleration Event Payment Time.

  • Make a cash payment You can make a cash payment equal to the Instalment Acceleration Event Amount.

Related to Instalment Acceleration Event

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Term Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Amortization Event has the meaning specified in Article IX.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Acceleration Date on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Redemption Event has the meaning set forth in Section 3.4.

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Automatic Early Redemption Event means that:

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Instalment Date means each date (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).