Sale of the Covered Bond Portfolio. (1) In the event of any sale of Portfolio Assets by or on behalf of the Guarantor pursuant to and in accordance with the Transaction Documents, such Portfolio Assets shall no longer form part of the Covered Bond Portfolio and the Bond Trustee shall, while any Covered Bonds are outstanding and if so requested in writing by the Guarantor, release, reassign or discharge those Portfolio Assets from the Security on or prior to the date of any such sale provided that:
Appears in 5 contracts
Samples: General Security Agreement, General Security Agreement, General Security Agreement
Sale of the Covered Bond Portfolio. (1) In the event of any sale of Portfolio Assets Loans and their Related Security by or on behalf of the Guarantor pursuant to and in accordance with the Transaction Documents, such Portfolio Assets Loans and their Related Security shall no longer form part of the Covered Bond Portfolio and the Bond Trustee shall, while any Covered Bonds are outstanding and if so requested in writing by the Guarantor, release, reassign or discharge those Portfolio Assets Loans and their Related Security from the Security on or prior to the date of any such sale provided that:
Appears in 2 contracts
Samples: General Security Agreement, General Security Agreement
Sale of the Covered Bond Portfolio. (1) In the event of any sale of Portfolio Assets Loans and their Related Security by or on behalf of the Guarantor LP pursuant to and in accordance with the Transaction Documents, such Portfolio Assets Loans and their Related Security shall no longer form part of the Covered Bond Portfolio and the Bond Trustee shall, while any Covered Bonds are outstanding and if so requested in writing by the GuarantorGuarantor LP, release, reassign or discharge those Portfolio Assets Loans and their Related Security from the Security on or prior to the date of any such sale provided that:
Appears in 1 contract
Samples: General Security Agreement (RBC Covered Bond Guarantor Limited Partnership)
