Bond Charged Assets definition
Bond Charged Assets means any Bonds which comprise Charged Assets from time to time, as may be reduced upon any partial redemption of the Notes.
Bond Charged Assets means any Corporate Bonds which comprise Charged Assets from time to time, as may be reduced upon any partial redemption of the Notes and/or adjusted, by the Determination Agent, to account for any applicable Replacement Charged Assets, following a Substitution Date.
Bond Charged Assets means any Corporate Bonds which comprise Charged Assets from time to time, as may be reduced upon any partial redemption of the Notes. Noteholders should be aware that, to the extent that the Initial Charged Assets comprise Cash Charged Assets, the terms and conditions of the Notes permit (but do not oblige) the Swap Counterparty to substitute such Initial Charged Assets with the Corporate Bonds following the Issue Date. In the event that the Charged Assets comprise Bond Charged Assets, if the Charged Assets are redeemed in whole or in part on or prior to the Maturity Date, the redemption proceeds thereof shall be credited to the relevant Cash Account pursuant to the Custody Agreement, and shall comprise Charged Assets as from the date of such crediting and, provided that such redemption does not constitute an Early Redemption Event in relation to which a Redemption Event Notice has been delivered in accordance with paragraph 26 (Early Redemption) hereof, the Notes will not redeem as a result of such redemption of Interest shall accrue on the balance of each respective Cash Account (the “Cash Account Balance”) up to and including the Maturity Date on a daily basis at the relevant Overnight Rate in an amount equal to the product of the following:
More Definitions of Bond Charged Assets
Bond Charged Assets has the meaning ascribed to it in the Conditions of the Notes.