Issuance of Covered Bonds Sample Clauses

The 'Issuance of Covered Bonds' clause defines the terms and conditions under which a financial institution may issue covered bonds, which are debt securities backed by a pool of assets such as mortgages or public sector loans. This clause typically outlines the eligibility criteria for the underlying assets, the process for creating and managing the asset pool, and the rights of bondholders in relation to those assets. Its core function is to ensure that the issuance of covered bonds is conducted transparently and securely, thereby protecting investors and maintaining the integrity of the covered bond structure.
Issuance of Covered Bonds. 2.01 Any Covered Bonds which may from time to time be agreed between the Issuer and any Dealer(s) to be sold by the Issuer and purchased or, as the case may be, subscribed by such Dealer(s) shall be sold and purchased, or, as the case may be, subscribed on the basis of, and in reliance upon, the representations, warranties, undertakings and indemnities set out in this Agreement. Unless otherwise agreed, neither the Issuer nor any Dealer(s) is, are or shall be under any obligation to sell, purchase or subscribe for, as the case may be, any Covered Bonds. 2.02 Upon the conclusion of any Relevant Agreement and subject as provided in Clause 2.03: (a) the Relevant Dealer shall promptly acknowledge the terms of the Relevant Agreement (as established by the Relevant Dealer and the Issuer) to the Issuer (with a copy to the Guarantor LP, the Issuing and Paying Agent and, if the Relevant Agreement relates to the sale of Covered Bonds in registered form, the Registrar) in writing (by letter, email or fax); (b) the Issuer and the Guarantor LP shall promptly confirm such terms to the Issuing and Paying Agent and, if the Relevant Agreement relates to the sale of Covered Bonds in registered form, the Registrar in writing (by letter, email or fax), and the Relevant Dealer or, if such Relevant Dealer so agrees with the Issuer, the Issuer will prepare or procure the preparation of the Terms Document in relation to the relevant Covered Bonds for approval (such approval not to be unreasonably withheld or delayed) by the Issuer or, as the case may be, the Relevant Dealer and execution on behalf of the Issuer and the Guarantor LP; (c) the Issuer shall on the Issue Date of the relevant Covered Bonds procure the issue of such Covered Bonds in the relevant form (subject to amendment and completion) scheduled to the Trust Deed and shall procure their delivery to or to the order of the Dealer(s); (d) the Relevant Dealer(s) shall for value on the Issue Date of the relevant Covered Bonds procure the payment of the net purchase monies therefor (namely the agreed issue or sale price thereof plus any accrued interest and less any agreed commissions, concessions or other agreed deductibles) to or to the order of the Issuer by credit transfer to such account as may have been specified by the Issuer to the Relevant Dealer for the purpose; 2.03 The obligations of any Dealer(s) under subclause 2.02
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Issuance of Covered Bonds. 5.1 Upon the conclusion of any agreement between the Issuer and a Dealer (or any other person or institution) for the sale by the Issuer and the purchase by such Dealer (or such other person or institution) of any Covered Bonds the Issuer shall, as soon as practicable but in any event not later than 2.00 p.m. (London time) on the third London business day prior to the proposed issue date therefor: (a) confirm by fax or email the terms of such agreement to the Fiscal Agent or, if such Covered Bonds are to be (i) Registered Covered Bonds, the Registrar; or
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Issuance of Covered Bonds. 2.01 The Issuer and the Dealers agree that any Covered Bonds which may, from time to time, be agreed between the Issuer and any Dealer(s) to be sold by the Issuer and purchased or, as the case may be, subscribed for by such Dealer(s) shall be sold and purchased, or, as the case may be, subscribed for on the basis of, and in reliance upon, the representations, warranties, undertakings and indemnities made or given or provided to be made or given pursuant to the terms of this Agreement. Unless otherwise agreed, neither the Issuer nor any Dealer(s) is, are or shall be under any obligation to sell, procure subscriptions for, purchase or subscribe for, as the case may be, any Covered Bonds. 2.02 Subject to the terms and conditions of this Agreement, the Issuer may from time to time agree with any Dealer(s) to issue, and any Dealer(s) may agree to subscribe for: (a) Covered Bonds offered pursuant to Rule 144A, including offers and sales of Covered Bonds in the United States or to or for the account or benefit of a U.S.
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Issuance of Covered Bonds. 3.01 Upon the conclusion of definitive agreements to issue the Covered Bonds pursuant to the Dealership Agreement, the Issuer shall as soon as practicable, but in any event not later than 2.00 (a) confirm by e-mail to the Paying Agent or, as the case may be, the Registrar (copied to the Paying Agent), as the case may be, all such information as the Paying Agent or, as the case may be, the Registrar may reasonably require to carry out its functions under this Agreement; and (b) deliver a copy, duly executed, of the Final Terms in relation to the relevant Tranche to the Paying Agent or, as the case may be, the Registrar (copied to the Paying Agent). 3.02 The Paying Agent will upon receipt from the Issuer of the information provided for in Section 3.01 along with instructions that the Covered Bonds are to be issued in a specified principal amount or amounts and to a specified person or persons: (a) in the case of Covered Bonds to be cleared through CDS, confirm the Issuer has notified CDS of the details of the proposed issue no later than the time that CDS requires those details and will lodge the details of the proposed issue in the CDS System as soon as practicable thereafter; (b) where the Covered Bonds are to be initially represented by a Registered Covered Bond registered in the name of CDS or its nominee, on or before 10.00 a.m. (Toronto time) on the Business Day prior to the Issue Date in relation to each Tranche, the Paying Agent shall authenticate and deliver the Registered Covered Bond to a custodian for CDS or its nominee (or otherwise, at such time, on such date, to such person and in such place as may have been agreed between the Issuer, the Dealer and the Paying Agent); and (c) give instructions to CDS to credit the Covered Bonds represented by the Registered Covered Bond to the Dealer’s participant account or the participant account of the CDS participant, as the case may be and to hold each such Registered Covered Bond to the order of the Issuer pending delivery to the Dealer(s) on a delivery against payment basis (or on such other basis as shall have been agreed between the Issuer and the Dealer and notified to the Paying Agent) in accordance with the normal procedures of CDS and, following payment, to credit the Covered Bonds represented by such Registered Covered Bond to such securities account(s) as shall have been notified to the Paying Agent by the Issuer, so as to facilitate the proposed issue in accordance with the Issuer’s instruction...
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Related to Issuance of Covered Bonds

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Issuance of Additional Notes The Company shall be entitled, subject to its compliance with Section 4.09, to issue Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance and issue price. The Initial Notes issued on the Issue Date, any Additional Notes and all Exchange Notes or Private Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture. With respect to any Additional Notes, the Company shall set forth in a Board Resolution and an Officers’ Certificate of the Company, a copy of each which shall be delivered to the Trustee, the following information: (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; (2) the issue price, the issue date and the “CUSIP”, “ISIN” or other similar identification numbers of such Additional Notes; (3) whether such Additional Notes shall be Transfer Restricted Notes and issued in the form of Initial Notes as set forth in the Appendix to this Indenture or shall be issued in the form of Exchange Notes as set forth in Exhibit B to the Appendix; and (4) if any Additional Notes are not fungible with any of the Notes then outstanding for U.S. federal income tax purposes, such Additional Notes will have a separate CUSIP number.

  • Issuance of Additional Securities Such Grantor will not permit or suffer the issuer of an Equity Interest constituting Pledged Collateral owned by it to issue additional Equity Interests, any right to receive the same or any right to receive earnings, except to such Grantor.

  • Original Issuance of Notes Section 2.01 Form........................................................... Section 2.02 Execution, Authentication and Delivery.........................