Examples of Cover Pool in a sentence
For so long as the Notes are outstanding, the value (as calculated in accordance with the Act and the Regulations) of the Cover Pool (as defined below) entered into the Register with respect to the Notes shall at all times be a minimum of 105 per cent.
For the avoidance of doubt, recourse to the Cover Pool, and any additional overcollateralisation in the Cover Pool, is available for all holders of covered bonds issued by the Issuer and any relevant swap counterparties.
The Ordinary Notes of each Tranche constitute unconditional and unsubordinated obligations of the Issuer and rank pari passu with (i) all other outstanding unsubordinated obligations of the Issuer that have been provided equivalent priority of claim to the Cover Pool as covered bonds (obligasjoner med fortrinnsrett) issued in accordance with the terms of the Act and the Regulations and (ii) the rights of providers of Covered Bond Swaps.