Hard Bullet Covered Bond definition
Hard Bullet Covered Bond means any Covered Bond issued by the Issuer in respect of which the principal is due to be redeemed in full in one amount on the Final Maturity Date of that Covered Bond and which is identified as such in the applicable Final Terms Document or Pricing Supplement; High Loan-to-Value Fee means any fee incurred by a Borrower as a result of taking out a Loan with an LTV ratio in excess of a certain percentage specified in the Offer Conditions; HM Revenue & Customs means the United Kingdom HM Revenue & Customs (formerly the United Kingdom Inland Revenue and the United Kingdom HM Customs and Excise); Holdings means Abbey Covered Bonds (Holdings) Limited, a special purpose vehicle incorporated in England and Wales as a private limited company (registered no. 5407937);
Hard Bullet Covered Bond means a Covered Bond which will be redeemed in full on the relevant Maturity Date without any provision for scheduled redemption other than on the Maturity Date and in relation to which no Extended Maturity Date provisions shall apply.
Hard Bullet Covered Bond means any Covered Bond issued by the Issuer in respect of which the principal is due to be redeemed in full in one amount on the Final Maturity Date of that Covered Bond and which is identified as such in the applicable Final Terms Document or Pricing Supplement;
Examples of Hard Bullet Covered Bond in a sentence
The “Pre-Maturity Test” will be breached if on any Montreal Business Day (each a “Pre- Maturity Test Date”) the ratings of the Issuer’s unsecured, unsubordinated and unguaranteed debt obligations, or issuer default rating of the Issuer, as applicable, fall below the Pre-Maturity Minimum Ratings (as defined below) and a Hard Bullet Covered Bond is due for repayment within a specified period of time thereafter.