Examples of Underlying Bonds in a sentence
In certain circumstances, investors may also hold interests in the Bonds through CREST through the issue of CDIs representing interests in Underlying Bonds.
In his usual generous, exuberant fashion, he said he would be delighted to do so.
Consequently, the Issuer is exposed to the ability of the issuer of the Underlying Bonds (the Underlying Bond Issuer) to perform its payment obligations under the Underlying Bonds.
The Underlying Bond Issuer is a special purpose company established, inter alia, for the purpose of issuing the Underlying Bonds and acquiring and holding the collateral on which the Underlying Bonds are secured (the “Underlying Collateral”).
Any shortfall on realisation of the security over the Underlying Collateral shall be borne by the holders of the Underlying Bonds (including the Issuer).
The holders of the Underlying Bonds (including the Issuer) shall have no recourse to the Underlying Bond Issuer beyond the moneys derived by or on behalf of the Underlying Bond Issuer in respect of the Underlying Collateral.
General Portfolio It is anticipated that the General Portfolio will be comprised primarily of Underlying Bonds.
Further, the holders of the Underlying Bonds (including the Issuer) will not be entitled at any time to petition or take any other step for the winding-up of, or the appointment of an examiner to, the Underlying Bond Issuer.
The Underlying Bonds will be limited recourse obligations of the Underlying Bond Issuer secured on a portfolio of assets held by the Underlying Bond Issuer and will not be obligations or responsibilities of, or guaranteed by, any other person or entity.
Interests in the Bonds may also be held through CREST through the issuance of CDIs representing the Underlying Bonds.