Pre-Maturity Test Date definition

Pre-Maturity Test Date has the meaning given to it in Schedule 4 of the Guarantor Agreement;

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Pre-Maturity Test Date means any Business Day falling during the Pre-Maturity Rating Period, prior to the occurrence of an Issuer Event of Default

Pre-Maturity Test Date means each Toronto Business Day prior to the occurrence of an Issuer Event of Default or the occurrence of a Guarantor Event of Default;

Examples of Pre-Maturity Test Date in a sentence

• Pre Maturity Minimum Ratings P-1 A(low)(1) N/A Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

• P-1 A(low)(3) N/A (Applicable to Hard Bullet Covered bonds) Pre Maturity Minimum Ratings Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

• Pre Maturity Minimum Ratings P-1 A(low)(3) N/A Following a breach of the Pre-Maturity Test in respect of a Series of Hard Bullet Covered Bonds, and unless the Pre-Maturity Ledger is otherwise funded from other sources, the Partnership shall offer to sell Randomly Selected Loans if the Final Maturity Date is within twelve months from the Pre-Maturity Test Date.

More Definitions of Pre-Maturity Test Date

Pre-Maturity Test Date has the meaning given in Clause 13.2 of the LLP Deed; Preceding Business Day Convention has the meaning given to it in Condition 4.7(b)(iv) (Interest – Business Day, Business Day Convention, Day Count Fractions and other adjustments) of the Programme Conditions and/or, in the case of an N Covered Bond, the meaning set out in the relevant N Covered Bond Conditions (if applicable);

Pre-Maturity Test Date has the meaning given in Clause 13.2 of the LLP Deed;

Pre-Maturity Test Date means each Business Day falling during the Pre-Maturity Rating Period, prior to the occurrence of an Issuer Event of Default. On each such date the Calculation Agent will determine if the Pre-Maturity Test has been breached in respect of any Series or Tranche of Hard Bullet Covered Bonds.

Pre-Maturity Test Date means each Business Day prior to the occurrence of an Issuer Event of Default or, if earlier, the occurrence of a Guarantor Event of Default on which the Guarantor Calculation Agent will determine if the Pre-Maturity Test has been breached in respect of any Series or Tranche of Hard Bullet Covered Bonds.

Pre-Maturity Test Date has the meaning given to it in Schedule 4 of the Guarantor Agreement; “Preceding Business Day Convention” has the meaning given to it in Condition 5.09 (Definitions);

Pre-Maturity Test Date has the meaning given to it in Schedule 4 of the Limited Partnership Agreement;