covered bond definition

covered bond means a debt security issued by any member of the banking group, for which repayment to holders is guaranteed by a SPV, and investors retain an unsecured claim on the issuer.

covered bond means each covered bond issued or to be issued pursuant to the Dealership Agreement and which is or is to be constituted under the Trust Deed (including, for greater certainty, N Covered Bonds), which covered bond may be represented by a Global Covered Bond or any Definitive Covered Bond and includes any replacements or a Covered Bond issued pursuant to Condition 12 (Replacement of Covered Bonds) or the relevant Condition applicable to any N Covered Bond, as applicable;

covered bond means a bond meeting the requirements of Article 129 of Regulation (EU) No 575/2013."

Examples of covered bond in a sentence

• From the Loan Files and other records of the Servicer in respect of the Covered Bond Portfolio (collectively, the “Source Materials”), the Asset Monitor shall select a sample of Loans (the “Loan Sample”), which Loan Sample must be of a size sufficient to provide a 95% confidence level with a tolerable deviation rate of 5% (an “Industry Standard Sampling Size”).

• Party A: Royal Bank of Canada c/o JPMorgan Chase Bank, N.A. Account number: For the account Royal Bank of Canada, New York Branch Ref: RBC Covered Bond Guarantor Limited Partnership To be advised.

• TD Covered Bond (Legislative) Guarantor Limited Partnership, a limited partnership formed under the laws of the Province of Ontario, whose registered office is at 00 Xxxxxxxxxx Xxxxxx Xxxx, 00xx Xxxxx, XX Xxxx Xxxxx, Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 by its managing general partner TD Covered Bond (Legislative) GP Inc.

• Yours faithfully, By: by its managing general partner TD Covered Bond (Legislative) GP Inc.

• Aggregate Principal Amount [of Covered Bonds admitted to trading]: [Not Applicable]/[The Covered Bonds shall be consolidated, form a single series and interchangeable for trading purposes with [ ] on [[ ]/[the Issue Date]/[exchange of Temporary Global Covered Bond for interests in the Permanent Global Covered Bonds, as referred to in paragraph [ ] below], which is expected to occur on or about [ ]]].

More Definitions of covered bond

covered bond means any conditional pass-through mortgage covered bond issued by the Issuer pursuant to the Covered Bonds Law in the form specified in the applicable Final Terms and “Covered Bonds” shall be construed accordingly.

covered bond means an instrument as referred to in Article 52(4) of Directive 2009/65/EC of the European Parliament and of the Council (1);

covered bond means a publicly placed debt security issued by a bank, other regulated financial institution, or a subsidiary of either that is secured by a pool of loans that remain on the balance sheet of the issuer or its subsidiary.

covered bond means a debt instrument that is dual recourse: (a) directly or indirectly to a credit institution; and (b) to a dynamic cover pool of underlying assets, and for which there is no tranching of risk;

covered bond means a bond in relation to which the claims attaching to that bond are guaranteed to be paid by an owner from an asset pool it owns.

covered bond means a covered bond in bearer, registered or definitive form issued pursuant to the Programme and denominated in such currency or currencies as may be agreed between the Issuer and the relevant Dealer(s) or the Covered Bondholder, as the case may be, which has such maturity and denomination as may be agreed between the Issuer and the relevant Dealer(s) and issued or to be issued by the Issuer pursuant to the Dealership Agreement or any other agreement between the Issuer and the relevant Dealer(s) or the Covered Bondholder, as the case may be, relating to the Programme, the Agency Agreement and the Trust Deed and which shall, in the case of Covered Bonds issued in bearer form, either (i) initially be represented by, and comprised in, a Temporary Global Covered Bond which may (in accordance with the terms of such Temporary Global Covered Bond) be exchanged for Definitive Covered Bonds or a Permanent Global Covered Bond which Permanent Global Covered Bond may (in accordance with the terms of such Permanent Global Covered Bond) in turn be exchanged for Definitive Covered Bonds or (ii) be represented by, and comprised in, a Permanent Global Covered Bond which may (in accordance with the terms of such Permanent Global Covered Bond) be exchanged for Definitive Covered Bonds (all as indicated in the applicable Final Terms or Pricing Supplement, as the case may be) and includes any replacements or exchanges for a Covered Bond (issued pursuant to Condition 12 (Replacement) or, in the case of any N Covered Bond, any relevant Conditions relating to replacement applicable to such N Covered Bond);

covered bond means a covered bond as defined in point (1) of Article 3 of Directive (EU) 2019/2162 of the European Parliament and of the Council (1) or, with regard to an instrument that was issued before 8 July 2022, a bond as referred to in Article 52(4) of Directive 2009/65/EC of the European Parliament and of the Council (2), as applicable on the date of its issue;‌