Covered Bond Portfolio definition

Covered Bond Portfolio means the Initial Covered Bond Portfolio and each additional portfolio of Portfolio Assets acquired by the Guarantor;
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Covered Bond Portfolio means the portfolio of Loans and their Related Security, acquired by the Guarantor LP pursuant to the terms of the Mortgage Sale Agreement (other than Loans and their Related Security that have been redeemed in full) and each additional New Loan and its Related Security acquired by the Guarantor LP;
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Examples of Covered Bond Portfolio in a sentence

  • The foregoing shall be in addition to any right of the Servicer under Article 10 to grant postponements and partial releases or discharges in respect of any Loan in the Covered Bond Portfolio sold by the Seller to the Guarantor.

  • The Servicer shall keep and maintain records in relation to the Loans sold by the Seller to the Guarantor comprised in the Covered Bond Portfolio, on a Loan by Loan basis, for the purposes of identifying amounts paid by each Borrower, any amount due from a Borrower and the principal balance (and, if different, the total balance) from time to time outstanding on a Borrower’s account and such other records as would be kept by a Reasonable and Prudent Mortgage Lender.

  • By the Mortgage Sale Agreement, the Seller has agreed to sell the Initial Covered Bond Portfolio of Loans and their Related Security to the Guarantor on a fully serviced basis and to from time to time sell additional Loans and their Related Security to the Guarantor (any such Loans sold to the Guarantor from time to time being hereinafter collectively referred to as the “Guarantor Purchased Loans” and each, a “Guarantor Purchased Loan”).

  • The foregoing shall be in addition to any right of the Servicer under Article 10 to grant postponements and partial releases or discharges in respect of any Loan in the Covered Bond Portfolio sold by the Seller to the Guarantor LP.

  • The Servicer shall keep and maintain records in relation to the Loans sold by each Seller to the Guarantor LP comprised in the Covered Bond Portfolio, on a Loan by Loan basis, for the purposes of identifying amounts paid by each Borrower, any amount due from a Borrower and the principal balance (and, if different, the total balance) from time to time outstanding on a Borrower's account and such other records as would be kept by a Reasonable and Prudent Mortgage Lender.

  • All such Further Advances in respect of the Loans and their Related Security in the Covered Bond Portfolio will be funded in accordance with the terms of the Intercompany Loan and the Guarantor LP Agreement.

  • The Cash Manager shall provide the services set out in this Agreement and the Schedules annexed hereto and forming part of this Agreement (collectively, the “Cash Management Services”), such services being incidental to the purchase of the Covered Bond Portfolio under the Mortgage Sale Agreement.

  • From the system records, extraction files and original asset documents, including the Issuer’s and Servicer’s mortgage files in respect of the Covered Bond Portfolio (collectively, the “Source Materials”), the Cover Pool Monitor will select a sample of Loans and a sample of Substitution Assets (the “Sample”) from the then current Covered Bond Portfolio, which 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”).

  • Except where lodged with the relevant registry in relation to any registration or recording which may be pending, and subject, with respect to Versatile Loans, to the provisions of the Security Sharing Agreement, the Loans, the Related Security and the Loan Files relating to the Loans in the Covered Bond Portfolio will be held by, or to the order of, the Servicer or by solicitors or service providers acting for the Servicer in connection with the Loans and their Related Security.

  • 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”).

Related to Covered Bond Portfolio

  • 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 Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Covered Bondholders means the holders from time to time of Covered Bonds, title to which is evidenced in the manner described in Condition 3 (Form, Denomination and Title).

  • Pledged Bonds means the related series of Bonds and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.