Relevant Bonds definition
Examples of Relevant Bonds in a sentence
The Calculation Agent is appointed, and the Calculation Agent agrees to act, as calculation agent in respect of each series of ▇▇▇▇▇ described in the Schedule (the Relevant Bonds) for the purposes set out in clause 2 and on the terms of this Agreement.
The arrangements in relation to expenses will be separately agreed in relation to each issue of Relevant Bonds.
The agreement of the parties that this Agreement is to apply to each Series of Relevant Bonds shall be evidenced by the manuscript annotation and signature in counterpart of the Schedule.
The Calculation Agent shall in relation to each series of Relevant Bonds (each a Series) perform all the functions and duties imposed on the Calculation Agent by the terms and conditions of the Relevant Bonds (the Conditions) including endorsing the Schedule appropriately in relation to each Series of Relevant Bonds.
In addition, the Calculation Agent agrees that it will provide a copy of all calculations made by it which affect the nominal amount outstanding of any Relevant Bonds which are identified on the Schedule as being New Global Notes (NGNs) to The Bank of New York Mellon, London Branch to the contact details set out on the signature page hereof.
If the principal amount of a Relevant Bond and/or the accrued interest on such Relevant Bond has already been repaid to Shurgard prior to the date of transfer of the Relevant Bonds in accordance with Clause 3.2, the Exercise Price shall be reduced accordingly.
Following receipt of a notice of resignation from the Calculation Agent, the Issuer shall promptly give notice of the resignation to the holders of the Relevant Bonds in accordance with the Conditions.
The Relevant Bonds shall have received from Standard & Poor's Ratings Services a rating that is at least equal to the then current rating by such rating agency of the long-term unsecured debt of the Issuing Bank.
All other documents and legal matters in connection with the issuance of such Bond Letter of Credit and the Relevant Bonds shall be satisfactory in form and substance to the Administrative Agent and the Majority Institutions.
In acting under this Agreement and in connection with the Relevant Bonds, the Calculation Agent shall act solely as an agent of the Issuer and will not assume any obligations towards or relationship of agency or trust for or with any of the owners or holders of the Relevant Bonds or coupons (if any) appertaining to the Relevant Bonds (the Coupons).