Payments valid. All payments made to a holder of any Covered Bond treated as an owner of such Covered Bonds in accordance with subclause 4.1 (Deemed absolute owner) shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the monies payable upon the Covered Bonds.
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Samples: Common Representative Appointment Agreement, Common Representative Appointment Agreement
Payments valid. All payments made to a holder of any Covered Bond treated as an owner of such Covered Bonds in accordance with subclause clause 4.1 (Deemed absolute owner) shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the monies payable upon the Covered Bonds.
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Payments valid. All payments made to a holder of any Covered Bond treated as an owner of such Covered Bonds in accordance with subclause 4.1 (Deemed absolute owner) clause 5.1 shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the monies payable upon the Covered Bonds, Coupons and Receipts.
Appears in 1 contract
Samples: Representative Appointment Agreement
Payments valid. All payments made to a holder of any Covered Bond treated as an owner of such Covered Bonds Bond in accordance with subclause 4.1 5.1 (Deemed absolute owner) shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the monies payable upon the Covered Bonds.
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Samples: www.bancomontepio.pt
Payments valid. All payments made to a holder of any Covered Bond treated as an owner of such Covered Bonds in accordance with subclause 4.1 (Deemed absolute owner) clause 5.1 shall be valid and, to the extent of the sums so paid, effective to satisfy and discharge the liability for the monies payable upon the Covered Bonds.
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