THE COVERED BONDS. 3.1 The Issuer undertakes to inform the Principal Paying Agent (or in the case of Clause 3.1(c)(ii) and Clause 3.1(c)(iii) below the relevant Paying Agent or the Principal Paying Agents as the case may be) of any new issue ultimately three (3) Business Days prior to the relevant Issuer Date. Subject to sub-clause 3.2 below, after receipt of a (electronic) copy of the Final Terms signed by the Issuer and the CBC, each of the Issuer and the CBC authorises the Principal Paying Agent and the Registrar and the Principal Paying Agent and the Registrar agree, to take such steps as are required and the Principal Paying Agent (or in the case of Clause 3.1(c)(iii) below the relevant Paying Agent or the Principal Paying Agents as the case may be) shall: prepare a (in respect of the Principal Paying Agent) Temporary Global Covered Bond and/or Permanent Global Covered Bond or (in respect of the Registrar) Registered Covered Bonds Deed(s) (as the case may be), by attaching a copy of the applicable Final Terms to a copy of the signed (in respect of the Principal Paying Agent) master Global Covered Bond or (in respect of the Registrar) Registered Covered Bonds Deed as the case may be; authenticate (or procure the authentication of) and, if applicable, give effectuation instructions in respect of the relevant Global Covered Bonds (in the case of the first Tranche of any Series of Covered Bonds) (in respect of the Principal Paying Agent) and/or the Registered Covered Bonds Deed(s)(in respect of the Registrar); in accordance with the applicable Final Terms, either:
THE COVERED BONDS. This Global Registered Covered Bond is issued in respect of the Covered Bonds issued by Nordea Mortgage Bank Plc (the "Issuer") described in the final terms relating to the Covered Bonds (the "Final Terms"), a copy of which is annexed hereto. The Covered Bonds:
THE COVERED BONDS. 3.1 Covered Bonds may be issued in series (each a "Series"), each tranche of which will be the subject of a Final Terms (each a "Final Terms") or, in the case of Exempt Covered Bonds, a Pricing Supplement prepared by or on behalf of the Issuer or, as the case may be, the relevant Dealer and:
THE COVERED BONDS. 3.1 The Issuer undertakes to inform the Principal Paying Agent and, in respect of the Registered Covered Bonds, the Registrar (or in the case of Clause 3.1(c)(ii) below the relevant Paying Agent or the Principal Paying Agents, as the case may be) of any new issue ultimately two (2) Business Days prior to the relevant Issue Date. Subject to Clause 3.2 below, after receipt of a (electronic) copy of the Final Terms signed by the Issuer and the CBC, each of the Issuer and the CBC authorises the Principal Paying Agent and the Registrar and the Principal Paying Agent and the Registrar agree, to take such steps as are required and the Principal Paying Agent (or in the case of Clause 3.1(c)(ii) below the relevant Paying Agent or the Principal Paying Agents as the case may be) shall:
THE COVERED BONDS. 2.1 The Substitute hereby covenants in favour of each Holder that with effect from and including the first date on which notice has been given by the Existing Issuer to the Holder pursuant to the terms and conditions of the Covered Bonds (the "Conditions"), Condition 12 (Notices) and all the requirements of Condition 16 (Substitution) have been met (the "Effective Date"), it shall be deemed to be the "Issuer" for all purposes in respect of the Covered Bonds and that it will duly perform and comply with the obligations expressed to be undertaken by the "Issuer" in each of the Covered Bonds and their Conditions (and for this purpose any reference in the Conditions to any obligation or payment under or in respect of the Covered Bonds shall be construed to include a reference to any obligation or payment under or pursuant to this provision).
THE COVERED BONDS
