Common use of Amortization Test Clause in Contracts

Amortization Test. (1) Following an Issuer Event of Default, for as long as there are Covered Bonds outstanding, the Managing GP shall use all reasonable efforts to ensure that on each Calculation Date that the Partnership is in compliance with the Amortization Test as set out in Schedule 2.

Appears in 3 contracts

Samples: Limited Partnership Agreement (RBC Covered Bond Guarantor Limited Partnership), Limited Partnership Agreement, Limited Partnership Agreement (RBC Covered Bond Guarantor Limited Partnership)

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Amortization Test. (1) Following an Issuer Event service of Defaulta Notice to Pay on the Partnership, for as long as there are Covered Bonds outstanding, the Managing GP shall use all reasonable efforts to ensure that on each Calculation Date that the Partnership is in compliance with the Amortization Test as set out in Schedule 23.

Appears in 1 contract

Samples: Limited Partnership Agreement (RBC Covered Bond Guarantor Limited Partnership)

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