Bond Trust Deed definition
Examples of Bond Trust Deed in a sentence
Pursuant to the terms of the Bond Trust Deed, the Covered Bond Guarantor has guaranteed payments of interest and principal under the Covered Bonds issued by the Issuers.
All payments in respect of, under and in connection with this Bond Trust Deed and the Bonds of any Series to the relevant Bondholders, Receiptholders and Couponholders shall be made in the relevant currency specified in the applicable Final Terms.
Subject to clause 31.4 (Specific variations) of the Issuer Deed of Charge, a variation of this Bond Trust Deed is valid only if it is in writing and signed by or on behalf of each party.
Upon the issue of the relevant Bonds, such Bonds shall become duly constituted by this Bond Trust Deed without further formality.
Only the Bond Trustee may enforce the provisions of the Bonds or this Bond Trust Deed and no Bondholder, Receiptholder, Couponholder or other Issuer Secured Creditor shall be entitled to proceed directly against the Issuer unless the Bond Trustee, having become bound so to proceed, fails to do so within a reasonable time and such failure is continuing.