Permanent Global Covered Bond definition

Permanent Global Covered Bond means a global covered bond in the form or substantially in the form set out in Part 2 of Schedule 2 to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Issuing and Paying Agent, the Bond Trustee and the relevant Dealer(s), together with the copy of the applicable Final Terms or Pricing Supplement, as the case may be, annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Dealership Agreement or any other agreement between the Issuer and the relevant Dealer(s) relating to the Programme, the Agency Agreement and the trust presents in exchange for the whole or part of any Temporary Global Covered Bond issued in respect of such Covered Bonds;

Permanent Global Covered Bond means a permanent global covered bond substantially in the relevant form set out in Schedule 4 to the Trust Deed.

Permanent Global Covered Bond means a Permanent Global Covered Bond substantially in the form set out in Schedule 8 (Form of Permanent Global Covered Bond) to the Programme Manual;

Examples of Permanent Global Covered Bond in a sentence

• Where Covered Bonds represented by a Permanent Global Covered Bond are deposited with Euroclear Netherlands, a Covered Bondholder shall not have the right to request delivery (uitlevering) of his Covered Bonds under the Dutch Securities Giro Transfer Act (Wet giraal effectenverkeer) other than as set out in the Global Covered Bond.

• Where the Final Terms applicable to a Tranche of Bearer Covered Bonds so specify or where a Tranche of Bearer Covered Bonds has an original maturity of one year or less, such Tranche is (unless otherwise specified in the Final Terms) represented upon issue by a Permanent Global Covered Bond.

• Notwithstanding the foregoing, Covered Bonds represented by a Permanent Global Covered Bond or Registered Global Covered Bond shall be deemed to be deposited with the Paying Agent or the Registrar, as the case may be, for purposes of this Condition 6.06 at the time a Put Notice has been received by the Paying Agent or Registrar, as the case may be, in respect of such Covered Bonds.

• The holder of a Temporary Global Covered Bond will not be entitled to collect any payment of interest, principal or other amount due on or after the Exchange Date unless, upon due certification, exchange of the Temporary Global Covered Bond for an interest in a Permanent Global Covered Bond is improperly withheld or refused.

• Where Covered Bonds represented by a Permanent Global Covered Bond are deposited with Euroclear Nederland, a Covered Bondholder shall not have the right to request delivery (uitlevering) of his Covered Bonds under the Wge other than as set out in accordance with the rules and procedures of Euroclear Nederland and the Wge and never in bearer form.

• Until exchanged in full, the holder of an interest in any Permanent Global Covered Bond shall in all respects be entitled to the same benefits under this Agreement as the holder of Definitive Covered Bonds and Coupons authenticated or effectuated and delivered under this Agreement, subject as set out in the Conditions.

• Payments of principal, interest (if any) and any other amounts on a Permanent Global Covered Bond will be made without any requirement for certification.

• Interests in the Temporary Global Covered Bond will be exchangeable for interests in the Permanent Global Covered Bond, substantially in the form of Schedule 4 hereto (or such other form as may be required by the relevant clearing system), not earlier than forty (40) days after the relevant Issue Date (the "Exchange Date") upon certification that the beneficial owners thereof are not United States persons (as defined in Regulation S under the Securities Act).

• The Principal Paying 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, in the case of Global Covered Bond in NGN form, instruct the Common Safekeeper to destroy such Temporary Global Covered Bond.

• Bearer Covered Bonds will initially be represented by a Temporary Global Covered Bond substantially in the form of Schedule 3 hereto (or such other form as may be required by the relevant clearing system) or a Permanent Global Covered Bond substantially in the form of Schedule 4 hereto (or such other form as may be required by the relevant clearing system), as set out in the applicable Final Terms.

More Definitions of Permanent Global Covered Bond

Permanent Global Covered Bond means any Permanent Global Covered Bond and/or any Permanent Global Covered Bond in NGN form;

Permanent Global Covered Bond means any Permanent Global Covered Bond and/or any Permanent Global Covered Bond in NGN form. Pledge Agreements means the Security Trustee Receivables Pledge Agreement, the Security Trustee Rights Pledge Agreement and any other agreement pursuant to which security is granted to the Security Trustee on any Transferred Assets other than the Mortgage Receivables, the NHG Advance Rights and the Beneficiary Rights relating thereto. Pool Services has the meaning ascribed thereto in Schedule 1 to the Servicing Agreement.

Permanent Global Covered Bond means a global covered bond substantially in the form set out in Part 2 of Schedule 2 to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Issuing and Paying Agent, the Bond Trustee and the relevant Dealer(s) or Lead Manager (in the case of syndicated issues), together with the copy of the applicable Final Terms Document annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Program Agreement or any other agreement between the Issuer and the

Permanent Global Covered Bond means a global covered bond substantially in the form set out in Part 2 of Schedule 2 to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Principal Paying Agent, the Bond Trustee and the relevant Dealer(s) or Lead Manager (in the case of syndicated issues), together with the copy of the applicable Final Terms Document annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Program Agreement or any other agreement between the Issuer and the relevant Dealer(s) relating to the Program, the Agency Agreement and the trust presents in exchange for the whole or part of any Temporary Global Covered Bond issued in respect of such Covered Bonds;

Permanent Global Covered Bond means a global covered bond substantially in the form set out in Part 2 of Schedule 2 to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Principal Paying Agent, the Bond Trustee and the relevant Dealer(s) or Lead Manager (in the case of syndicated issues), together with the copy of the applicable Final Terms Document annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Programme Agreement or any other agreement between the Issuer and the relevant Dealer(s) relating to the Programme, the Agency Agreement and the trust presents in exchange for the whole or part of any Temporary Global Covered Bond issued in respect of such Covered Bonds; Person means a reference to any person, individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organisation, governmental entity or other entity of similar nature (whether or not having separate legal personality); Personal Data shall have the same meaning as is assigned to it in the Data Protection Laws;