Examples of Exempt Covered Bonds in a sentence
The terms and conditions applicable to any particular Tranche of Covered Bonds are these Conditions as completed by the relevant Final Terms or (in the case of Exempt Covered Bonds only) as completed and/or amended and/or replaced by the relevant Pricing Supplement.
Each Tranche of Exempt Covered Bonds is the subject of a pricing supplement (the “Pricing Supplement”) which completes and/or amends and/or replaces these Conditions.
Copies of the applicable Final Terms of all Covered Bonds of each Series (or Pricing Supplement in relation to Exempt Covered Bonds of any Series) are obtainable during normal business hours of the specified office of each of the Paying Agents, and any holder of the Covered Bonds must produce evidence satisfactory to the Issuer and the Bond Trustee or, as the case may be, relevant Paying Agent as to its holding of Covered Bonds and identity.
Exempt Covered Bonds will rank pari passu with all other Covered Bonds and payments of principal and interest payable will be guaranteed by the Guarantor under and subject to the terms of the Covered Bond Guarantee.
Accordingly, any potential investor in the Covered Bonds should be aware that the Programme may include Exempt Covered Bonds, the holders of which will have equivalent rights as against the Issuer and the Guarantor as the holders of Covered Bonds issued pursuant to this Prospectus, which may dilute the ability of the Issuer or the Guarantor to make payments on the Covered Bonds or the Covered Bond Guarantee, as applicable.
Copies of the applicable Final Terms of all Covered Bonds of each Series (including in relation to Exempt Covered Bonds of any Series) are obtainable during normal business hours of the specified office of each of the Paying Agents, and any holder of the Covered Bonds must produce evidence satisfactory to the Issuer and the Bond Trustee or, as the case may be, relevant Paying Agent as to its holding of Covered Bonds and identity.
In respect of any Covered Bonds, references herein to these “Terms and Conditions” are to these terms and conditions as completed by the Final Terms or, in the case of Exempt Covered Bonds only, as supplemented, amended and/or replaced by the Pricing Supplement and any reference herein to a “Condition” is a reference to the relevant Condition of the Terms and Conditions of the relevant Covered Bonds.
Such Exempt Covered Bonds do not form part of this Prospectus approved by the FCA and the FCA has neither reviewed nor approved any information contained in this Prospectus in connection with such Exempt Covered Bonds.
Questions will be taken from full members of the Association and the Chair will regulate the number and length of time taken over questions.
In respect of any Covered Bonds, references herein to these “Terms and Conditions” are to these terms and conditions as completed by the Final Terms, or, in the case of Exempt Covered Bonds only, as supplemented, amended, and/or replaced by the Pricing Supplement, and any reference herein to a “Condition” is a reference to the relevant Condition of the Terms and Conditions of the relevant Covered Bonds.