Amortisation Test. 4.1 The CBC shall use reasonable efforts to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto) will be an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each calendar month (or with respect to item B as defined in Schedule 2 hereto, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''Amortisation Test'').
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Samples: Asset Monitoring Agreement, Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts endeavours to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following the service of a Notice to Pay on the CBC (but prior to the service of a CBC Acceleration NoticeNotice on the CBC), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto) will shall be an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each such calendar month (or with respect to item B as defined in Schedule 2 heretoof the Amortisation Test, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''"Amortisation Test''").
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Samples: Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts to procure that for so long as the Covered Bonds remain outstanding, outstanding as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), ) the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 3 hereto) will be is an amount at least equal to the euro equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each such calendar month (or with respect to item B as defined in Schedule 2 heretoof the Amortisation Test, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''"Amortisation Test''").
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Samples: Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto) will be an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each such calendar month (or with respect to item B as defined in Schedule 2 heretoof the Amortisation Test, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''Amortisation Test'').
Appears in 1 contract
Samples: Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts endeavours to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto) will shall be an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each such calendar month (or with respect to item B as defined in Schedule 2 heretoof the Amortisation Test, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''Amortisation Test'').;
Appears in 1 contract
Samples: Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts endeavours to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto2) will shall be an amount at least equal to the euro equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each such calendar month (or with respect to item B as defined in Schedule 2 hereto2, up to the date specified in such item B), all as calculated on the immediately succeeding Calculation Date (the ''Amortisation Test'').
Appears in 1 contract
Samples: Asset Monitoring Agreement
Amortisation Test. 4.1 The CBC shall use reasonable efforts endeavours to procure that for so long as the Covered Bonds remain outstanding, as at the end of each calendar month following service of a Notice to Pay (but prior to service of a CBC Acceleration Notice), the Amortisation Test Aggregate Asset Amount (as defined in Schedule 2 hereto) will shall be an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds as at the end of each calendar month (or with respect to item B as defined in Schedule 2 heretoof the Amortisation Test, up to the date specified in item B), all as calculated on the immediately succeeding Calculation Date (the ''Amortisation Test'').
Appears in 1 contract
Samples: Asset Monitoring Agreement