RC2b Residual Certificates definition

RC2b Residual Certificates means the 100 RC2b residual certificates issued or due to be issued by the Issuer on the Closing Date or, as the case may be, a specific number thereof;

RC2b Residual Certificates means the 100 RC2b residual certificates issued or due to be issued by the Issuer on the Closing Date or, as the case may be, a specific number thereof.

Examples of RC2b Residual Certificates in a sentence

• Amounts in NOK billion30 Sept.30 June31 March31 Dec.30 Sept.30 June31 March31 Dec.30 Sept.201720172017201620162016201620152015Loans at end of period1 5841 6001 5771 5541 5311 5421 5351 5431 531Loans adjusted for exchange rate movements1 6031 6041 5851 5651 5611 5531 5441 5321 531Includes NOK 48 billion in the Baltics at end-September 2017, reclassified as assets held for sale in August 2016.

• Residual Certificates: On the Closing Date, the Issuer will also issue to: (a) PML the RC1aResidual Certificates and RC2a Residual Certificates; and (b) Paragon Bank the RC1b Residual Certificates and RC2b Residual Certificates, in each case under the Trust Deed representing the right to receive the RC1a Payments, the RC2a Payments, the RC1b Payments and the RC2b Payments respectively, by way of deferred consideration for the Issuer's purchase of the Mortgage Portfolio.