Cover Pool definition

Cover Pool means the cover pool constituted by, collectively, any Eligible Assets and Top-Up Assets held by the Guarantor in accordance with the provisions of the Securitisation and Covered Bond Law, the Decree No. 310 and the Bank of Italy Regulations.

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Cover Pool means the pool of assets maintained by the Issuer and allocated to the issue of Covered Bonds under the Programme, held to the benefit of the holders of Covered Bonds and the Other Preferred Creditors, and including the Mortgage Credits, the Hedging Contracts and the Other Assets, as specified in the Register.

Cover Pool means a clearly defined set of assets securing the payment obligations attached to covered bonds that are segregated from other assets held by the credit institution issuing the covered bonds;

Examples of Cover Pool in a sentence

• The Cover Pool Monitor shall recalculate the Valuation Calculation disclosed in the selected Monthly Report.

• The Cover Pool Monitor shall recalculate the results of the Asset Coverage Test, level of overcollateralization pursuant to Section 4.3.8 of the CMHC Guide and/or Amortization Test disclosed in the selected Monthly Report.

• Additionally, the Cover Pool Monitor shall enquire as to the determination of the Trading Values of (i) all Substitute Assets, (ii) assets pledged or otherwise transferred to the guarantor entity as collateral for the obligations of the Counterparty under or pursuant to a Covered Bond Collateral Hedge and (iii) the covered bond liabilities, in each case used in the Valuation Calculation disclosed in the selected Monthly Report, and report findings/responses.

• The Cover Pool Monitor shall select one month falling subsequent to the date of its last report (or, in the case of the report to be delivered no later than five Business Days prior to the first issuance of covered bonds under a covered bond program contemporaneous with or following its registration, a month ending not more than 45 days prior to the date of the report) and obtain a schedule of Market Value calculations with respect to all Eligible Loans as of the last day of that month.

• In addition, the Cover Pool Monitor shall enquire whether, in calculating the Present Value for purposes of the Valuation Calculation disclosed in the selected Monthly Report, expected future cash flows are discounted using the publicly posted mortgage rates or using the current market interest rates for mortgage loans with credit risks similar to those of the Performing Eligible Loans, and report findings/responses.

More Definitions of Cover Pool

Cover Pool means the assets which are the basis for the issuance of mortgage covered bonds by the Bank and are entered into the cover pool register (rejestr zabezpieczenia listów zastawnych) created for mortgage covered bonds;

Cover Pool means the cover pool constituted by (i) Receivables; (ii) any other Eligible Assets; and (iii) any Top-Up Assets.

Cover Pool means the assets that constitute the collateral for the covered bonds and that are segregated from other assets held by the credit institution issuing covered bonds;

Cover Pool. The pool of assets to which: (i) the Bondholders, (ii) any other bonds issued by the Issuer that have been given the same preferential rights in the same cover pool, and (iii) counterparties to derivative contracts that have been given the same preferential rights in the same cover pool, if any, as referred to in Section 11-8 (1) (e) of the Financial Undertaking Act, have a preferential right in accordance with the Financial Undertakings Act Chapter 11, Sub-chapter II and regulations given pursuant thereto, comprising of assets described in Clause 3.2 and which are registered in the designated Cover Pool Register at any time, subject to changes pursuant to Clause 3.2. of this Bond Agreement.

Cover Pool means all the Issuer's assets and liabilities that from time to time form part of a Cover Pool created in accordance with and subject to Section 11-8 of the Act and to the Regulations; Currency Swap means each currency swap which enables the Issuer to hedge currency risks arising from (a) Notes which are issued in currencies other than NOK, and (b) assets (other than loans) which are registered to the Cover Pool and are denominated in currencies other than NOK; Currency Swap Agreement means the ISDA Master Agreement, schedule and confirmation(s) (as amended and supplemented from time to time) relating to the Currency Swap(s) entered into from time to time between the Issuer and each Currency Swap Provider; Currency Swap Provider means any third-party counterparty in its capacity as currency swap provider under a Currency Swap Agreement;

Cover Pool means all the Issuer’s assets and liabilities that from time to time form part of a Cover Pool created in accordance with and subject to Section 11-8 of the Act and to the Regulations;

Cover Pool means the cover pool constituted by (i) Receivables and (ii) any other Eligible Assets.