Global Covered Bonds Clause Samples
The 'Global Covered Bonds' clause defines the terms and conditions under which covered bonds, which are debt securities backed by a pool of assets, are issued and recognized across multiple jurisdictions. This clause typically outlines the eligibility criteria for the underlying assets, the rights of bondholders, and the mechanisms for cross-border recognition and enforcement. By establishing a standardized framework for global issuance, it facilitates investor confidence and legal certainty, ensuring that covered bonds remain secure and enforceable regardless of the country of issuance.
Global Covered Bonds confirmation that master temporary and permanent global Covered Bonds and global registered Covered Bonds, duly executed by the Issuer, have been delivered to the Issuing and Paying Agent.
Global Covered Bonds. So long as the Covered Bonds are represented in their entirety by any Global Covered Bonds held on behalf of DTC and/or Euroclear and/or Clearstream, Luxembourg, there may be substituted for publication in newspaper(s) (in accordance with Condition 14.01) the delivery of the relevant notice to DTC and/or Euroclear and/or Clearstream, Luxembourg for communication by them to the holders of the Covered Bonds and, in addition, for so long as any Covered Bonds are listed on a stock exchange or admitted to listing by any other relevant authority and the rules of the stock exchange, or as the case may be, other relevant authority so require, such notice shall be published in a manner which complies with the rules and regulations of that stock exchange, as the case may be, or any other relevant authority. Any such notice shall be deemed to have been given to the holders of the Covered Bonds on the day on which the said notice was given to DTC and/or Euroclear and/or Clearstream, Luxembourg.