Net Asset Value Event definition
Net Asset Value Event means an event where the Calculation Agent determines that in its then estimation, acting in good faith and in a commercially reasonable manner, the Early Redemption Amount is equal to or less than 30% of the Aggregate Nominal Amount of the Notes.
Net Asset Value Event means an event where the Calculation Agent determines that in its then estimation, acting in good faith and in a commercially reasonable manner, the Early Redemption Amount less an amount equal to 20% of the Reference Obligation nominal amount of USD1,634,302.00 converted to ZAR at the prevailing exchange rate is equal to or less than 40% of the Aggregate Nominal Amount of the Notes.
Net Asset Value Event means an event where the Calculation Agent determines that in its then estimation, acting in good faith and in a commercially reasonable manner, the Early Redemption Amount is equal or less than 30% of the Aggregate Nominal Amount reduced to reflect the redemption and delisting (as described in paragraph 51(D)) of such Nominal Amount of the Notes equal to the Reference Entity Nominal Amount.
Examples of Net Asset Value Event in a sentence
Accelerated payments under this Section 1.4 shall be made within sixty (60) days after the occurrence of a Net Asset Value Event.