Covered Bonds definition

Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

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Covered Bonds means any bonds or notes issued by the Issuer the obligations of which benefit from a special creditor privilege (“privilégio creditório especial”) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other loans permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Covered Bonds means any mortgage-backed bonds and/or covered bonds issued pursuant to Decree Law No. 59/2006 of 20 March or any succeeding or replacing legislation, namely Decree Law No. 31/2022 of 6 May by any of the Issuers or any subsidiary thereof, the obligations of which benefit from a special creditor privilege (“privilégio creditório especial”) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other eligible assets permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Examples of Covered Bonds in a sentence

• The Issuer has decided to set up the Programme pursuant to which the Issuer will issue Covered Bonds from time to time.

• Each Dealer acknowledges that no action has been or will be taken in any country or jurisdiction by the Issuer, the Guarantor, the Dealers or the Bond Trustee that would permit a public offering of Covered Bonds, or possession or distribution of any offering material in relation thereto, in such country or jurisdiction where action for that purpose is required.

• The Covered Bonds are issued under the Programme and accordingly are Covered Bonds as defined in and for the purposes of the Dealership Agreement and the Agency Agreement.

• Full information on the Issuer and the offer of the Covered Bonds is only available on the basis of the combination of these Final Terms and the Prospectus.

• Unless otherwise agreed, neither the Issuer nor any Dealer(s) is, are or shall be under any obligation to sell, procure subscriptions for, purchase or subscribe for, as the case may be, any Covered Bonds.

More Definitions of Covered Bonds

Covered Bonds means the Bearer Covered Bonds and the Registered Covered Bonds of any Series issued pursuant to the Trust Deed which shall be (or in the case of Registered Covered Bonds, whose Registered Covered Bonds Deed shall be) substantially in the relevant form set out in the relevant Schedule to the Trust Deed or, as the case may be, a specific number thereof and includes any replacement covered bonds of such Series issued pursuant to Condition 11 and each Global Covered Bond in respect of such Series for so long as it has not been exchanged in accordance with the terms thereof.

Covered Bonds means bonds, notes or other securities (however defined) designated by the Issuer as covered bonds and secured on a segregated pool of assets.

Covered Bonds means the International Covered Bonds and New York Law Covered Bonds. "EEA" means the European Economic Area.

Covered Bonds means each covered bond issued or to be issued pursuant to this Agreement;

Covered Bonds means bank bonds for which repayment of principal and interest is guaranteed by a portion of the bank's economic assets (specifically land and mortgage credits, amounts due from, or guaranteed by, public authorities and securities issued in the framework of securitisation operations covering credits of the same kind), the cashflows of which are allocated purely to servicing the bond; including, without limitation, Pfandbrief, Cedulas and Foncières.

Covered Bonds means those tax exempt private activity bonds and

Covered Bonds has the meaning specified in recital (A) hereof;