Bearer Covered Bond definition

Bearer Covered Bond means a Covered Bond issued in bearer form.

Bearer Covered Bond means a Covered Bond issued in bearer form by the Issuer; ''Benchmark Event'' has the meaning ascribed thereto in Condition 5(B)(ii)(d) (Replacement Reference Rate Determination for Discontinued Reference Rate);

Bearer Covered Bond means a Covered Bond issued in bearer form. "Beneficiary Rights" means the Life Beneficiary Rights.

Examples of Bearer Covered Bond in a sentence

• Each Receipt must be presented for payment of the relevant instalment together with the definitive Bearer Covered Bond to which it appertains.

• References to the applicable Final Terms are to the Final Terms (or the relevant provisions thereof) attached to or endorsed on such Bearer Covered Bond or the relevant Registered Covered Bonds Deed.

• No Bearer Covered Bond may be exchanged for a Registered Covered Bond or vice versa.

• Payment of the final instalment will be made in the manner provided in paragraph (a) above only against presentation and surrender (or in the case of part payment of any sum due only, endorsement) of the relevant definitive Bearer Covered Bond in accordance with the preceding paragraph.

• Receipts presented without the definitive Bearer Covered Bond to which they appertain do not constitute valid obligations of the Issuer.

• The sections referred to in such legend provide that a United States person who holds a Bearer Covered Bond or Coupon generally will not be allowed to deduct any loss realized on the sale, exchange or redemption of such Bearer Covered Bond or Coupon and any gain (which might otherwise be characterized as capital gain) recognized on such sale, exchange or redemption will be treated as ordinary income.

• If the due date for redemption of any definitive Bearer Covered Bond is not an Interest Payment Date, interest (if any) accrued in respect of such Bearer Covered Bond from (and including) the preceding Interest Payment Date or, as the case may be, the Interest Commencement Date shall be payable only against surrender of the relevant definitive Bearer Covered Bond.

• The Holder of any Bearer Covered Bond, Coupon or Registered Covered Bond will for all purposes of the Trust Deed, Security Agreement and Agency Agreement (except as otherwise required by applicable law or regulatory requirement) be treated as its absolute owner whether or not it is overdue and regardless of any notice of ownership, trust or any interest thereof or therein, any writing thereon, or any theft or loss thereof and no person shall be liable for so treating such Holder.

• If the due date for redemption of any Definitive Bearer Covered Bond is not an Interest Payment Date, interest (if any) accrued in respect of such Covered Bond from (and including) the preceding Interest Payment Date or, as the case may be, the Interest Commencement Date shall be payable only against surrender of the relevant Definitive Bearer Covered Bond.

• Each Receipt must be presented for payment of the relevant instalment together with the definitive Bearer Covered Bond presented for payment of the relevant instalment together with the definitive Bearer Covered Bond to which they appertain do not constitute valid obligations of the Issuer.