Covered Bonds definition

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.

Covered Bonds means any mortgage-backed bonds and/or covered bonds or notes issued by the Issuer, the obligations of which benefit from a special creditor privilege (privilégio creditório especial) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other loans permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Covered Bonds. ’ means any mortgage-backed bonds and/or covered bonds or notes (Obrigac¸o˜es Hipoteca´rias) issued pursuant to Decree law no. 59/2006 of 20 March 2006 (as amended) by any of the Issuers or any subsidiary thereof, the obligations of which benefit from a special creditor privilege (privile´gio credito´rio especial) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other eligible assets permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Examples of Covered Bonds in a sentence

• None of the Issuer, the Guarantor, any Arranger or any Dealer has authorised, nor do they authorise, the making of any offer of Covered Bonds in any other circumstances.

• MARKET - Solely for the purposes of [each/the] manufacturer’s product approval process, the target market assessment in respect of the Covered Bonds has led to the conclusion that: (i) the target market for the Covered Bonds is eligible counterparties and professional clients only, each as defined in [MiFID II] [Directive 2014/65/EU (as amended, “MiFID II”)]; and (ii) all channels for distribution of the Covered Bonds to eligible counterparties and professional clients are appropriate.

• Unless the Final Terms or Pricing Supplement in respect of any Covered Bonds specifies “Prohibition of Sales to UK Retail Investors” as “Not Applicable”, each Dealer represents and agrees that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Covered Bonds which are the subject of the offering contemplated by the Prospectus as completed by the Final Terms or Pricing Supplement in relation thereto to any retail investor in the UK.

• Any person making or intending to make an offer of the Covered Bonds may only do so in circumstances in which no obligation arises for the Issuer, any Arranger or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Regulation, in each case, in relation to such offer.

• This document constitutes the Pricing Supplement of the Covered Bonds described herein.

More Definitions of Covered Bonds

Covered Bonds means bonds, notes or other securities (however defined) designated by the Issuer as covered bonds and secured on a segregated pool of assets.

Covered Bonds means the Bearer Covered Bonds and the Registered Covered Bonds of any Series issued pursuant to the Trust Deed which shall be (or in the case of Registered Covered Bonds, whose Registered Covered Bonds Deed shall be) substantially in the relevant form set out in the relevant Schedule to the Trust Deed or, as the case may be, a specific number thereof and includes any replacement covered bonds of such Series issued pursuant to Condition 11 and each Global Covered Bond in respect of such Series for so long as it has not been exchanged in accordance with the terms thereof.

Covered Bonds means the International Covered Bonds and New York Law Covered Bonds. "EEA" means the European Economic Area.

Covered Bonds means each covered bond issued or to be issued pursuant to this Agreement;

Covered Bonds means bank bonds for which repayment of principal and interest is guaranteed by a portion of the bank's economic assets (specifically land and mortgage credits, amounts due from, or guaranteed by, public authorities and securities issued in the framework of securitisation operations covering credits of the same kind), the cashflows of which are allocated purely to servicing the bond; including, without limitation, Pfandbrief, Cedulas and Foncières.

Covered Bonds has the meaning specified in recital (A) hereof;

Covered Bonds means bonds that are issued by a bank or mortgage company that are covered by a pool of assets in case the issuer becomes insolvent