Payment Instruction Date definition
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means the business day (being a day on which banks and foreign exchange markets are open for business in London) prior to the Issue Date.
Payment Instruction Date means the Issue Date.
Payment Instruction Date means the Issue Date unless there is to be a pre- closing for the issue in which case it means the business day (being a day on which banks and foreign exchange markets are open for general business in London) prior to the Issue Date.
4. The arrangements in relation to expenses have been separately agreed between the Issuer and the Manager.
5. The obligation of the Manager to purchase the Covered Bonds is conditional upon:
(a) the conditions set out in Clause 3.2 (other than that set out in Clause 3.2(i) (Each issue) of the Programme Agreement being satisfied as of the Payment Instruction Date;
(b) all of the applicable Transaction Documents being in full force and effect; and
(c) the delivery to the Manager on the Payment Instruction Date of:
(i) a certificate dated the Payment Instruction Date signed by a duly authorised officer of the Issuer and a certificate dated the Payment Instruction Date signed by a duly authorised officer of each of the Guarantors giving confirmation of the conditions described in Clause 5(a);
(ii) receipt of notification from Fitch, ▇▇▇▇▇'▇ and S&P that the ratings for the Covered Bonds described in the Prospectus have been assigned either without conditions or subject only to the execution and delivery on or before the Issue Date of the agreements contemplated herein;
(iii) (i) the Issuer having furnished or caused to be furnished to the Manager, the Bond Trustee and the Security Trustee at the Issue Date a solvency certificate, dated the Issue Date, of a duly authorised director of the Issuer in the agreed form; (ii) the LLP having furnished or caused to be furnished to the Manager, the Bond Trustee and the Security Trustee a solvency certificate dated the Issue Date of a duly authorised officer of the LLP in the agreed form and (iii) the relevant Seller having furnished or caused to be furnished to the Manager, the Bond Trustee and the Security Trustee and the Security Trustee a solvency certificate, dated the Issue Date, of a duly authorised officer of the relevant Seller in the agreed form;
(iv) legal opinions addressed to the Manager dated the Payment Instruction Date in such form and with such contents as the Manager may reasonably require from ▇▇▇▇▇▇▇▇ Chance LLP as to English law and from ▇▇▇▇▇ & ▇▇▇▇▇ LLP as to German law and United Kingdom withholding tax;
(v) confirmation from the Issuer that it has provided the FCA with the series issuance notification form pursuant to RCB 3.4.1D of the RCB Sourcebook; and
(vi) such...
Examples of Payment Instruction Date in a sentence
Issue Date minus 1 (in the case of pre‑closed issues) or Issue Date (in any other case) (the Payment Instruction Date) agreed time The Registrar (or its agent on its behalf) prepares and authenticates the Registered Global Covered Bond(s) for each Tranche of Covered Bonds which is to be purchased.
CWB will, after receipt of a ▇▇▇▇ Payment Instruction, debit your Account designated in the ▇▇▇▇ Payment Instruction on the date scheduled by you in the ▇▇▇▇ Payment Instruction ("Date") and remit funds on your behalf to the Payee as close as reasonably possible to the Date designated.
Issue Date minus 1 (in the case of pre-closed issues) or Issue Date (in any other case) (the Payment Instruction Date) agreed time The Registrar (or its agent on its behalf) prepares and authenticates the Registered Global Covered Bond(s) for each Tranche of Covered Bonds which is to be purchased.
More Definitions of Payment Instruction Date
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means the business day (being a day on which banks and foreign exchange markets are open for business in London) prior to the Issue Date. 7 The Joint Lead Managers shall bear and pay all costs and expenses (including legal expenses) incurred by themselves in or in connection with the initial printing of the Notes, this Agreement and the Pricing Supplement prepared in connection with the issue of the Notes, the upfront fees and expenses of Citibank, N.A. as agent, the legal expenses incurred in relation to the initial listing of the Notes on the Official List of the UK Financial Conduct Authority and the admission of the Notes to trading on the London Stock Exchange’s Regulated Market, and making initial delivery of the Notes. The Issuer shall bear the cost of its own legal expenses and the listing fees for the initial listing of the Notes on the Official List of the UK Financial Conduct Authority and the admission of the Notes to trading on the London Stock Exchange’s Regulated Market. For the avoidance of doubt, the Joint Lead Managers shall only bear the costs and expenses listed above relating to the initial issue of the Notes, and shall not be liable for any further costs and expenses.
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means the business day (being a day on which banks and foreign exchange markets are open for business in London) prior to the Issue Date. [The settlement bank] or such other [Joint Lead] Manager as the [Issuer may direct /Managers may agree] to settle the Notes (the “Settlement Lead Manager”) acknowledges that the Notes [initially] represented by the relevant [Temporary/Permanent] Global Note will initially be credited to an account (the “Commissionaire Account”) for the benefit of the Settlement Lead Manager the terms of which include a third-party beneficiary clause (‘stipulation pour autrui’) with the Issuer as the third-party beneficiary and provide that the Notes are to be delivered to others only against payment of the Net Proceeds into the Commissionaire Account on a delivery against payment basis. The Settlement Lead Manager acknowledges that (i) the Notes represented by the relevant [Temporary/Permanent] Global Note shall be held to the order of the Issuer as set out above and (ii) the Net Proceeds received in the Commissionaire Account will be held on behalf of the Issuer until such time as they are transferred to the Issuer’s order. The Settlement Lead Manager undertakes that the Net Proceeds will be transferred to the Issuer’s order promptly following receipt of such monies in the Commissionaire Account. The Issuer acknowledges and accepts the benefit of the third-party beneficiary clause (‘stipulation pour autrui’) pursuant to the Belgian or Luxembourg Civil Code, as applicable, in respect of the Commissionaire Account.
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means the business day prior to the Issue Date. [The [Settlement] Lead Manager acknowledge[s] that the Covered Bonds represented by the [[temporary/permanent] Global Covered Bond] will initially be credited to an account (the “Commissionaire Account”) for the benefit of the Lead Manager the terms of which include a third-party beneficiary clause with the Issuer as the third- party beneficiary and provide that such Covered Bonds are to be delivered to others only against payment of the Purchase Price into the Commissionaire Account on a delivery against payment basis. The [Settlement] Lead Manager acknowledges that (i) the Covered Bonds represented by the [[temporary/permanent] Global Covered Bond] shall be held to the order of the Issuer as set out above and
Payment Instruction Date means the Issue Date unless there is to be a pre- closing for the issue, in which case it means the business day (being a day on which banks and foreign exchange markets are open for general business in London) prior to the Issue Date. [Notwithstanding the foregoing, the Issuer and the Manager[s] agree that Part [3/4] of Annex 1 to the Procedures Memorandum shall not apply to the extent required for the operation of the three paragraphs that follow.] [[The settlement bank] or such other Manager as the Managers may agree to settle the Notes (the "Settlement Lead Manager") acknowledges that the Notes [[initially] represented by the relevant [Temporary Bearer/Permanent Bearer/Registered] Global Note] will initially be credited to an account (the "Commissionaire Account") for the benefit of the Settlement Lead Manager the terms of which include a third-party beneficiary clause (‘stipulation pour autrui’) with the Issuer as the third-party beneficiary and provide that such Notes are to be delivered to others only against payment of the [monies representing the Purchase Price/Net Purchase Monies (as 1 Include the following language if expenses are being deducted from the Purchase Price on settlement. defined in Clause 3 above)]2 into the Commissionaire Account on a delivery against payment basis. The Settlement Lead Manager acknowledges that (i) the Notes represented by the relevant [Temporary Bearer/Permanent Bearer/Registered] Global Note] shall be held to the order of the Issuer as set out above and (ii) the [monies representing the Purchase Price/Net Purchase Monies] received in the Commissionaire Account will be held on behalf of the Issuer until such time as they are transferred to the Issuer’s order. The Settlement Lead Manager undertakes that the [monies representing the Purchase Price/Net Purchase Monies] will be transferred to the Issuer’s order promptly following receipt of such monies in the Commissionaire Account. The Issuer acknowledges and accepts the benefit of the third-party beneficiary clause (‘stipulation pour autrui’) pursuant to the Belgian or Luxembourg Civil Code, as applicable, in respect of the Commissionaire Account.]
Payment Instruction Date means 31 July 2002.
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means the business day prior to the Issue Date. [The [Settlement] Lead Manager acknowledge[s] that the Covered Bonds represented by the [[temporary/permanent] Global Covered Bond] will initially be credited to an account (the “Commissionaire Account”) for the benefit of the Lead Manager the terms of which include a third-party beneficiary clause with the Issuer as the third- party beneficiary and provide that the Covered Bonds are to be delivered to others only against payment of the [moneys representing the Purchase Price/Net Purchase Moneys] into the Commissionaire Account on a delivery against payment basis. The [Settlement] Lead Manager acknowledges that (i) the Covered Bonds represented by the [[temporary/permanent] Global Covered Bond] shall be held to the order of the Issuer as set out above and
Payment Instruction Date means the Issue Date unless there is to be a pre-closing for the issue in which case it means