Examples of Bearer Global Covered Bond in a sentence
Bearer Covered Bonds which are represented by a Bearer Global Covered Bond will be transferable only in accordance with the rules and procedures for the time being of the relevant clearing system.
A record of each payment, distinguishing between any payment of principal and any payment of interest, will be made on such Bearer Global Covered Bond either by the Paying Agent to which it was presented or in the records of Euroclear and Clearstream, Luxembourg, as applicable.
Payments of principal and interest (if any) in respect of Covered Bonds represented by any Bearer Global Covered Bond will (subject as provided below) be made in the manner specified above in relation to definitive Bearer Covered Bonds and otherwise in the manner specified in the relevant Bearer Global Covered Bond, where applicable, against presentation or surrender, as the case may be, of such Bearer Global Covered Bond at the specified office of any Paying Agent outside the United States.
No payments of principal, interest or other amounts due in respect of a Bearer Global Covered Bond will be made by mail to an address in the United States or by transfer to an account maintained in the United States.
If no such securities account(s) shall have been specified, the Issuing and Paying Agent shall authenticate and make available at its specified office on the Issue Date in respect of the relevant Tranche the relevant Bearer Global Covered Bond.
Until exchanged in full, the holder of an interest in any Bearer Global Covered Bond shall in all respects be entitled to the same benefits under this Agreement as the holder of Bearer Definitive Covered Bonds, Receipts and Coupons authenticated and delivered hereunder, subject as set out in the Terms and Conditions and in the relevant Bearer Global Covered Bond.
The applicable Final Terms shall be annexed to each Bearer Global Covered Bond.
The Principal Paying Agent shall also ensure that no payments of principal, interest or other amounts due in respect of any Bearer Global Covered Bond are made by mail to an address in the United States or by transfer to an account maintained in the United States.
CGCB means a Temporary Bearer Global Covered Bond in the form set out in Part 1 of Schedule 7 of this Agreement or a Permanent Bearer Global Covered Bond in the form set out in Part 2 of Schedule 7 of this Agreement, in either case where the applicable Final Terms specify that the Covered Bonds are not in NGCB form.
Until exchanged in full, the holder of an interest in any Bearer Global Covered Bond shall in all respects be entitled to the same benefits under this Agreement as the holder of Definitive Bearer Covered Bonds and Coupons authenticated and delivered hereunder, subject as set out in the Conditions and in the Bearer Global Covered Bond.