Pass-Through Covered Bonds definition

Pass-Through Covered Bonds means (i) each Covered Bond of a Series in respect of which any amount has remained unpaid on the relevant Maturity Date or (ii) after the service of a Notice to Pay and a Breach of Amortisation Test Notice, all Series of Covered Bonds.
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Pass-Through Covered Bonds means (i) each Covered Bond of a Series in respect of which any amount has remained unpaid on the relevant Maturity Date or (ii) after the service of a Notice to Pay and a Breach of Amortisation Test Notice, all Series of Covered Bonds;
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Pass-Through Covered Bonds means the Covered Bonds once an Issuer Event other than Issuer Bankruptcy has occurred and is continuing pursuant to § 8 (1) (ii).
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Examples of Pass-Through Covered Bonds in a sentence

  • All references to numbered Conditions and sections are to Conditions and sec- tions of the Terms and Conditions set forth in section 6 (Conditional Pass-Through Covered Bonds) of the Base Prospectus.

  • These Final Terms are to be read in conjunction with the Terms and Conditions (the "Terms and Conditions") set forth in section 6 (Conditional Pass-Through Covered Bonds) of the Base Prospectus.

  • Following the service of a Notice to Pay on the Covered Bond Guarantor and an Amortisation Test Breach Notice on the Issuer and the Covered Bond Guarantor (subject to no Covered Bond Guarantor Event of Default having occurred), all Series of Covered Bonds will convert to Pass-Through Covered Bonds, such that payment of the unpaid amount in respect of all Series of Covered Bonds by the Covered Bond Guarantor under the Covered Bond Guarantee will be deferred until the Extended Due for Payment Date.