Bearer Definitive Clause Samples
The 'Bearer Definitive' clause establishes that certain securities or instruments are issued in definitive, physical form and are payable to the bearer, rather than being registered in the name of a specific owner. In practice, this means that whoever physically possesses the instrument is presumed to be the rightful owner and can claim the associated rights or payments. For example, bearer bonds or notes can be transferred simply by handing them over, without the need for registration or endorsement. This clause primarily facilitates ease of transfer and anonymity for holders, while also addressing the need for negotiability and flexibility in the handling of such instruments.
Bearer Definitive. Covered Bonds that are not Zero Coupon Covered Bonds have attached thereto, at the time of their initial delivery, coupons (“Coupons”), the presentation of which will be a prerequisite to the payment of interest save in certain circumstances specified herein. Definitive Covered Bonds that are not Zero Coupon Covered Bonds, if so specified in the Final Terms, have attached thereto, at the time of their initial delivery, a talon (“Talon”) for further coupons and the expression “Coupons” shall, where the context so requires, include Talons.
Bearer Definitive. Covered Bonds, the principal amount of which is repayable by instalments (“Instalment Covered Bonds”) in such amounts as may be specified in, or determined in accordance with, the provisions of the Final Terms (each an “Instalment Amount”), have endorsed thereon a grid for recording the repayment of Instalment Amounts or, if so specified in the Final Terms, have attached thereto, at the time of their initial delivery, payment receipts (“Receipts”) in respect of the Instalment Amounts repaid.