Issuance of Covered Bonds Sample Clauses

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 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, 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, fax or e-mail); (b) the Issuer and the Guarantor 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, fax or e-mail), and the Relevant Dealer or, if such Relevant Dealer so agrees with the Issuer, the Issuer will prepare or procure the preparation of the Final Terms 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; (c) the Issuer shall cause the Covered Bonds, which, in the case of Bearer Covered Bonds shall be initially represented by a Temporary Global Covered Bond or a Permanent Global Covered Bond, and, in the case of Registered Covered Bonds, shall be initially represented by a Regulation S Global Covered Bond, a Rule 144A Global Covered Bond or N Covered Bonds, as applicable, to be issued and delivered on the agreed Issue Date: (i) in the case of a Temporary Global Covered Bond or a Permanent Global Covered Bond, to (A) if the Covered Bonds are CGCBs, a Common Depositary, or (B) if the Covered Bonds are NGCBs, a Common Safekeeper for Euroclear and Clearstream, Luxembourg; (ii) in the case of a Regulation S Global Covered Bond or a Ru...
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Issuance of Covered Bonds. 3.01 Upon the conclusion of any Relevant Agreement (as defined in the Dealership Agreement), the Issuer shall as soon as practicable, but in any event not later than 2.00 p.m. (London time) on the third (or, in the case of Clause 3.01(b) on the second) Banking Day prior to the proposed Issue Date: (a) confirm by e-mail or tested fax to the Issuing and Paying Agent or, if such Covered Bonds are to be Registered Covered Bonds (other than N Covered Bonds), the Registrar (copied to the Issuing and Paying Agent), all such information as the Issuing and Paying Agent or, as the case may be, the Registrar may reasonably require to carry out its functions under this Agreement and in particular, whether customary eurobond or medium term note settlement and payment procedures will apply to the relevant Tranche and, if one or more master Global Covered Bond(s) are to be used, such details as are necessary to enable it to complete a duplicate or duplicates of such master Global Covered Bond(s) and (if medium term note settlement and payment procedures are to apply) the account of the Issuer to which payment should be made; (b) deliver a copy, duly executed, of the Final Terms in relation to the relevant Tranche to the Issuing and Paying Agent or, as the case may be, the Registrar (copied to the Issuing and Paying Agent); and (c) unless a master Global Covered Bond is to be used and the Issuer shall have provided such document to the Issuing and Paying Agent or, as the case may be, the Registrar pursuant to Clause 3.02, ensure that there is delivered to the Issuing and Paying Agent an appropriate Bearer Global Covered Bond (in unauthenticated and, where applicable uneffectuated form, but executed on behalf of the Issuer and otherwise complete) or, as the case may be, to the Registrar a stock of Registered Global Covered Bonds (in unauthenticated form and with the names of the registered Holders left blank but executed on behalf of the Issuer and otherwise complete) in relation to the relevant Tranche. 3.02 The Issuer may, at its option, deliver from time to time to the Issuing and Paying Agent a stock of master Temporary Global Covered Bonds and master Permanent Global Covered Bonds (in unauthenticated and, where applicable uneffectuated form but executed on behalf of the 3.03 Where the relevant Covered Bonds are to be listed on the London Stock Exchange and where permitted by applicable legislation or stock exchange rules (including the Listing Rules), upon receipt of ...
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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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Issuance of Covered Bonds 
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Related to Issuance of Covered Bonds

  • Issuance of Bonds The Bonds shall: (a) be dated as of the Dated Date; (b) be initially issued and delivered as a single fully registered Bond without coupons; (c) be initially issued in a single series designated as the Series 2019 Bonds; (d) be numbered from R-1 upwards in chronological order of delivery, except the Initial Bonds (as described in Section 2.04 hereof), which shall be numbered I-1; (e) mature on the date set forth below; Maximum Principal Amount (f) bear interest on the Principal Amount from time to time at a per annum rate equal to the Applicable Rate payable monthly in arrears on each Payment Date (immediately upon receipt of funds sufficient to make such payment), such interest to accrue from the Dated Date, or, in the case of transfer or exchange, from the most recent Payment Date to which interest has been paid or provided for under this Indenture to maturity or prior redemption; if a payment of defaulted interest is to be made, the Trustee shall establish the time of such payment and shall establish the associated special Record Date therefor as provided in the definition of “Record Date”; (g) pay principal in accordance with the Amortization Schedule; (h) be payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, at the Operations Office of the Trustee or Paying Agent, provided that unless otherwise notified by the Bondowner Representative in writing, payments of principal and interest shall be paid on each Payment Date to the Holders of such Bond on the applicable Record Date (the “Record Date Holder” as defined in the form of Bonds set forth in Exhibit B hereto) via wire transfer in immediately available funds to a designated bank account maintained by the Holder at any bank in the United States, such instructions to be delivered not less than 15 days before the Payment Date. The Trustee shall pay all amounts payable by the Trustee hereunder to such Holder by transfer directly to said designated bank in accordance with the provisions of any such instrument, provided that if such amount represents a payment of the principal of any Bonds, such Bond shall have been presented to the Trustee. At the written request of the Bondowner Representative (delivered not less than 15 days before the Payment Date) payments of principal and interest on the Bonds will be payable by check mailed by first class mail by the Trustee to the Record Date Holder of such Bond on the applicable Record Date at the last address thereof as shown in the Bond Register on the applicable Record Date, and principal of and any premium on the Bonds shall be payable at the Principal Corporate Trust Office of the Trustee; (i) be subject to redemption upon the terms and conditions and at the redemption prices specified in Article III hereof; (j) accrue interest on the outstanding principal amount from time to time calculated on the basis of a 360 day year for the actual number of days elapsed. The Bondowner Representative shall, as servicer of the Bond Loan, calculate the Applicable Rate and the amount of principal and interest due on the Bonds and submit such calculations to the Trustee in writing, with a copy to the Issuer and the Borrower, (i) 7 days prior to each Payment Date, and (ii) within 15 days following any partial redemption of the Bonds. The Trustee shall, absent manifest error, accept such calculations. Notwithstanding anything contained herein to the contrary, during any period of time that the Note bears interest at the Default Rate, the Bonds shall also bear interest at the Default Rate, and at any time the Note bears interest at the Taxable Rate, the Bonds shall bear interest at the Taxable Rate. Notwithstanding the foregoing, if the date for payment of the principal of, premium, if any, or interest on the Bonds shall be a day which is not a Business Day, then the date for such payment shall be the next succeeding day which is a Business Day, and payment on such later date shall have the same force and effect as if made on the nominal date of payment. Furthermore, the Trustee shall, in all circumstances, pass through to the Bondowners (on a pro rata basis), as soon as practicable following receipt by the Trustee, all amounts received by the Trustee in payment of principal of, premium, if any, and interest on the Bonds. All payments so made shall be valid and effective to satisfy and discharge the liability upon the Bonds. Notwithstanding the foregoing, all payments of principal of, premium, if any, and interest on the Bonds payable on the Maturity Date or any date of redemption shall only be payable upon presentation of the Bonds at the Operations Office of the Trustee so as to permit an appropriate notation to be made on Schedule A thereto. The Bondholder instructs the Trustee to hold the Bonds on behalf of the Bondholder to facilitate payments pursuant hereto.

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