Covered Bonds Law definition

Covered Bonds Law means the Portuguese legal framework applicable to the issuance of covered bonds, enacted by Decree-law no. 59/2006, of 20 March 2006, as amended.
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Covered Bonds Law means the Portuguese legal framework applicable to the issuance of covered bonds, enacted by Decree-law 59/2006, of 20 March 2006, as amended from time to time.
Sample 1Sample 2Sample 3
Covered Bonds Law means the Portuguese legal framework applicable to the issuance of covered bonds, enacted by Decree-law no. 59/2006, of 20 March 2006, as amended;
Sample 1

Examples of Covered Bonds Law in a sentence

  • The Covered Bonds are mortgage covered securities issued in accordance with the Covered Bonds Law, which are secured by the Cover Pool maintained by the Issuer in accordance with the terms of the Covered Bonds Law, and rank pari passu with all other obligations of the Issuer under mortgage covered securities issued or to be issued by the Issuer pursuant to the Covered Bonds Law.

  • For so long as the Covered Bonds are outstanding, the Value (determined in accordance with the Covered Bonds Law and the Bank of Portugal Regulations) of the Cover Pool maintained by the Issuer shall at all times be a minimum of 105.26 per cent.

  • Beneficiaries means the Bondholders and the Other Guarantor Creditors and any other person or entity entitled to receive a payment from the Issuer and/or the Guarantor under the Programme, in accordance with article 7-bis of the Securitisation and Covered Bonds Law.

  • The preparatory works of the Covered Bonds Law specify that the determination as to whether certain cover assets constitute a surplus that is not necessary for the payment of the covered bondholders must take place in consultation with the Supervisor and must take into account not only the regulatory requirements but also, as the case may be, the maintenance of the ratings assigned by external credit ratings agencies.

  • The implementing decrees and regulations were however not updated at the occasion of the inclusion of the Covered Bonds Law in the Banking Law.

  • The Covered Bonds are issued pursuant to: (i) article 7-bis of Law No. 130 of 30 April 1999 (as amended, the Securitisation and Covered Bonds Law), (ii) the Ministerial Decree No. 310 of the Ministry for the Economy and Finance of 14 December 2006 (the Decree No. 310) and (iii) the regulation of the Bank of Italy of 17 May 2007, as subsequently amended on 24 March 2010 (the Bank of Italy Regulations).

  • The Covered Bonds Law was initially incorporated in the Law on the Legal Status and Supervision of Credit Institutions of 22 March 1993, but has now been included in the Credit Institutions Supervision Law.

  • Pursuant to the Covered Bonds Law, the Common Representative and the Hedge Counterparties also benefit from this special creditor privilege, which is not subject to registration.For the purposes of these Terms and Conditions: “Insolvency Event” means the winding-up and dissolution of the Issuer under any applicable laws and regulations (including under Decree-Law no.

  • The Issuer shall ensure that the legal requirements as required by the Covered Bonds Law for the Reserve Account to qualify as Other Assets of the Cover Pool are met at all times.

  • The Issuer (as defined in these Terms and Conditions) is a credit institution with the capacity to issue covered bonds pursuant to the Covered Bonds Law.

Related to Covered Bonds Law

  • 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 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.

  • Rule 144A Global Covered Bond means a Registered Global Covered Bond representing Covered Bonds sold in the United States to QIBs in reliance on Rule 144A;

  • Legended Covered Bonds means Registered Covered Bonds (whether in definitive form or represented by a Registered Global Covered Bond) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Regulation S Global Covered Bond means a Registered Global Covered Bond representing Covered Bonds sold outside the United States in reliance on Regulation S;

  • Bond Law means Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California, commencing with Section 53506 of said Code, as in effect on the date of adoption hereof and as amended hereafter.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Bond Counsel means an attorney or firm of attorneys of nationally recognized standing on the subject of municipal bonds satisfactory to the Director.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • Floating Rate Notes means the Class A-2b Notes.

  • Pledged Bonds means any Bonds purchased by the Borrower with payments made on the Credit Facility, which Bonds are registered in the name of the Borrower and held by the Trustee on behalf of the Credit Enhancer pursuant to the terms of the Bond Pledge Agreement, until such time as such Bonds are sold by the Borrower or by the Remarketing Agent.

  • Opinion of Counsel means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Global Bond means the Original Global Bond and/or as the context may require any global bond representing any Further Bonds or any of them.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • Favorable Opinion of Bond Counsel means an opinion or opinions of nationally recognized bond counsel to the effect that the action proposed to be taken is authorized or permitted by the Certificate and will not adversely affect the exclusion of interest on the Bonds from gross income for purposes of federal income taxation.

  • 2029 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Trust Indenture Act of 1939 (except as otherwise provided in Sections 8.1 and 8.2) means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was originally executed.

  • 2022 Notes means the 6.25% Senior Notes due 2022 issued by the MLP and Finance.

  • Hague Securities Convention means the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities held with an Intermediary (concluded July 5, 2006).

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • School Bonds means School Obligations issued as Bonds.