Bonds Characteristics Sample Clauses

Bonds Characteristics. The Bonds:
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Bonds Characteristics security, certifying that its holder has credited the issuer. The bond has a nominal value and coupons (usually a percentage of the nominal value), which are the interest payments on the debt. Coupon payments are made on pre-announced maturities. Holders of bonds, unlike holders of shares, do not participate in the capital of the company and appear only as lenders. Risks – risks, stemming from bonds, are mainly related to the possibility of their depreciation and realization of loss of the invested funds. The risks of investing in bonds can be: - Business risk - associated with the company's results. Bond prices depend directly on the results of the company on which they are issued. Therefore, deterioration of the results of the company may negatively affect its share price. - Risks associated with the specifics of bonds - the risk may be associated with the appreciation of the bond immediately before the payment of periodic interest due and, accordingly, the depreciation of the bonds after payment of the interest. - Risk, associated with liquidity of the bonds - Intercapital Markets AD may fail to fulfill customer orders if the current state of the market and quotes of a company do not allow the transactions with the desired by the customer volume and price. - Systematic risk - associated with the state of economy as a whole and the specific sector, in which the company operates. Deterioration in the economic conditions or the conditions in the particular sector may negatively affect bond prices. - Inflation risk - rising inflation could adversely affect the price of bonds. Rising inflation reduces bond yields, which could alienate investors from this financial instrument. - Political risk - political instability could alienate investors. The withdrawal of funds by investor from bonds could adversely affect their price. - Tax risk – taxes, paid by commercial entities, include withholding taxes, local (municipal) taxes, corporate profit tax, value added tax, excise duties, import and export duties and property taxes. Investors should take note that the value of an investment in bonds may be adversely affected by changes in the tax laws, including its interpretation and application. - Risks associated with the counterparty and risk associated with the settlement. Although the principle of the transactions executed on regulated markets is most often a "delivery versus payment" - DVP, i.e. the buyer receives the bonds after paying for them and vice versa, the...
Sample 1

Related to Bonds Characteristics

  • Characteristics The Initial Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Initial Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Initial Contract with the latest maturity is due not later than June 2014. Approximately 77.89% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 22.11% is attributable to loans for purchases of used Motorcycles. No Initial Contract was originated after the Initial Cutoff Date. No Initial Contract has a Contract Rate less than 3.989%. The last scheduled payment date of the Contracts (including any Subsequent Contracts) is due not later than September 2014. Approximately 98.98% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans to purchase Motorcycles manufactured by Harley-Davidson or Buell and approximately 1.02% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson or Buell.

  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;

  • Individual Characteristics Each Receivable has the following individual characteristics as of the Cut-Off Date:

  • Characteristics of Receivables As of the Cut-Off Date (or such other date as may be specifically set forth below), each Receivable:

  • Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans The recitals contained herein and in the Certificates (other than the signature and countersignature of the Trustee on the Certificates) shall be taken as the statements of the Seller, and neither the Trustee nor the Securities Administrator shall have any responsibility for their correctness. Neither the Trustee nor the Securities Administrator makes any representation as to the validity or sufficiency of the Certificates (other than the signature and countersignature of the Trustee on the Certificates) or of any Mortgage Loan except as expressly provided in Sections 2.02 and 2.05 hereof; provided, however, that the foregoing shall not relieve the Trustee of the obligation to review the Mortgage Files pursuant to Sections 2.02 and 2.04. The Trustee's signature and countersignature (or countersignature of its agent) on the Certificates shall be solely in its capacity as Trustee and shall not constitute the Certificates an obligation of the Trustee in any other capacity. Neither the Trustee or the Securities Administrator shall be accountable for the use or application by the Seller of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Seller with respect to the Mortgage Loans. Subject to the provisions of Section 2.05, neither the Trustee nor the Securities Administrator shall not be responsible for the legality or validity of this Agreement or any document or instrument relating to this Agreement, the validity of the execution of this Agreement or of any supplement hereto or instrument of further assurance, or the validity, priority, perfection or sufficiency of the security for the Certificates issued hereunder or intended to be issued hereunder. Neither the Trustee nor the Securities Administrator shall at any time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Mortgage or any Mortgage Loan, or the perfection and priority of any Mortgage or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Fund or its ability to generate the payments to be distributed to Certificateholders, under this Agreement. Neither the Trustee nor the Securities Administrator shall have any responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to record this Agreement other than any continuation statements filed by the Trustee pursuant to Section 3.20.

  • Calculations Respecting Mortgage Loans Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer or any Servicer.

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