Cover Pool means the cover pool constituted by, collectively, any Eligible Assets and Top-Up Assets held by the Guarantor in accordance with the provisions of the Securitisation and Covered Bond Law, the Decree No. 310 and the Bank of Italy Regulations.
Cover Pool means the pool of assets maintained by the Issuer and allocated to the issue of Covered Bonds under the Programme, held to the benefit of the holders of Covered Bonds and the Other Preferred Creditors, and including the Mortgage Credits, the Hedging Contracts and the Other Assets, as specified in the Register.
Cover Pool means a clearly defined set of assets securing the payment obligations attached to covered bonds that are segregated from other assets held by the credit institution issuing the covered bonds;
Examples of Cover Pool in a sentence
For so long as the Notes are outstanding, the value (as calculated in accordance with the Act and the Regulations) of the Cover Pool (as defined below) entered into the Register (as defined below) with respect to the Notes as well as any other covered bonds issued by the Issuer and derivative contracts having recourse to such Cover Pool shall at all times be a minimum of 102 per cent.
For the avoidance of doubt, recourse to the Cover Pool, and any additional overcollateralisation in the Cover Pool, is available for inter alios all Noteholders (including holders of existing Notes and new Notes) and counterparties to any relevant derivative contracts.
More Definitions of Cover Pool
Cover Pool means the assets which are the basis for the issuance of mortgage covered bonds by the Bank and are entered into the cover pool register (rejestr zabezpieczenia listów zastawnych) created for mortgage covered bonds;
Cover Pool means the cover pool constituted by (i) Receivables; (ii) any other Eligible Assets; and (iii) any Top-Up Assets.
Cover Pool means the assets that constitute the collateral for the covered bonds and that are segregated from other assets held by the credit institution issuing covered bonds;
Cover Pool. The pool of assets to which: (i) the Bondholders, (ii) any other bonds issued by the Issuer that have been given the same preferential rights in the same cover pool, and (iii) counterparties to derivative contracts that have been given the same preferential rights in the same cover pool, if any, as referred to in Section 11-8 (1) (e) of the Financial Undertaking Act, have a preferential right in accordance with the Financial Undertakings Act Chapter 11, Sub-chapter II and regulations given pursuant thereto, comprising of assets described in Clause 3.2 and which are registered in the designated Cover Pool Register at any time, subject to changes pursuant to Clause 3.2. of this Bond Agreement.
Cover Pool means all the Issuer’s assets and liabilities that from time to time form part of a Cover Pool created in accordance with and subject to Section 11-8 of the Act and Section 11-4 of the Regulations;
Cover Pool means all the Issuer's assets and liabilities that from time to time form part of a Cover Pool created in accordance with and subject to Section 11-8 of the Act and to the Regulations; Currency Swap means each currency swap which enables the Issuer to hedge currency risks arising from (a) Notes which are issued in currencies other than NOK, and (b) assets (other than loans) which are registered to the Cover Pool and are denominated in currencies other than NOK; Currency Swap Agreement means the ISDA Master Agreement, schedule and confirmation(s) (as amended and supplemented from time to time) relating to the Currency Swap(s) entered into from time to time between the Issuer and each Currency Swap Provider; Currency Swap Provider means any third-party counterparty in its capacity as currency swap provider under a Currency Swap Agreement;
Cover Pool means the assets securing the covered bonds and that are segregated from other assets held by the credit institution issuing covered bonds;