Common use of Asset Coverage Test Clause in Contracts

Asset Coverage Test. (1) For so long as the Covered Bonds remain outstanding, the Partnership must ensure that, on each Calculation Date, the Partnership is in compliance with the Asset Coverage Test as set out in Schedule 2.

Appears in 6 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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Asset Coverage Test. (1) For so long as the Covered Bonds remain outstanding, the Partnership must and the Partners (other than the Liquidation GP) shall use all reasonable efforts to ensure that, that on each Calculation Date, Date the Partnership is in compliance with the Asset Coverage Test as set out in Schedule 2.

Appears in 4 contracts

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

Asset Coverage Test. (1) For so long as the Covered Bonds remain outstanding, the Partnership must Partners (other than the Liquidation GP) shall use all reasonable efforts to ensure that, on each Calculation Date, the Partnership is in compliance with the Asset Coverage Test as set out in Schedule 2.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (BMO Covered Bond Guarantor Limited Partnership), Limited Partnership Agreement (Bank of Nova Scotia /)

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Asset Coverage Test. (1a) For so long as the Covered Bonds remain outstanding, the Partnership must ensure that, on each Calculation Date, the Partnership is in compliance with the Asset Coverage Test as set out in Schedule 2.

Appears in 1 contract

Samples: Limited Partnership Agreement

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