NGCB Permanent Global Covered Bond definition

NGCB Permanent Global Covered Bond means a Permanent Global Covered Bond representing Bearer Covered Bonds for which the relevant Final Terms or Drawdown Prospectus (as the case may be) specify that the New Global Covered Bond form is applicable;

NGCB Permanent Global Covered Bond means a Eurosystem Eligible NGCB Permanent Global Covered Bond or a Non-Eligible NGCB Permanent Global Covered Bond;

Examples of NGCB Permanent Global Covered Bond in a sentence

• The Fiscal Agent shall authenticate and deliver such Permanent Global Covered Bond in accordance with the terms hereof and of the relevant Temporary Global Covered Bond and, in the case of an NGCB Permanent Global Covered Bond, instruct the Common Safekeeper to effectuate the Permanent Global Covered Bond.

• In the case of an NGCB Temporary Global Covered Bond or an NGCB Permanent Global Covered Bond, or a Global Registered Covered Bond to be held under the NSS which has been destroyed by the Common Safekeeper, the Replacement Agent shall furnish the Issuer with a copy of the confirmation of destruction received by it from the Common Safekeeper.

• The Issuer hereby authorises and instructs the Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an NGCB Temporary Global Covered Bond or an NGCB Permanent Global Covered Bond, or a Global Registered Covered Bond to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper.

• The Fiscal Agent shall cancel or procure the cancellation of each Temporary Global Covered Bond against surrender of which full exchange has been made for a Permanent Global Covered Bond or Definitive Covered Bonds or, in the case of an NGCB Temporary Global Covered Bond exchangeable for an NGCB Permanent Global Covered Bond, instruct the Common Safekeeper to destroy such NGCB Temporary Global Covered Bond.