PROSPECTUS ARLO II Limited - Irish Stock Exchange

the Issuer, the Trustee, the Noteholders, the
Principal Paying Agent, the Paying Agent and all
other persons when and as they occur or they are
made or taken under or in connection with the
Charged Agreement pursuant to its terms, without
further notice or determination hereunder.
33. Amendment to Condition 9 (Events
of Default):
34. Depositary Account:
Condition 9(b) shall be amended by the inclusion of
the words “which are materially adverse to the
interests of the Noteholders” immediately following
the words “the relevant Trust Deed”.
The Depositary Account shall be the Issuer
Depositary Account and/or the Trustee Depositary
Account, as the context may require, and the
definition of “Depositary Account” shall be
construed accordingly.
The “Issuer Depositary Account” means an
account in the name of the Custodian for and on
behalf of the Issuer opened and maintained with the
Sub-Custodian, the account number of which shall
be notified in writing by the Custodian to the Issuer,
the Trustee and the Swap Counterparty from time to
time.
The “Trustee Depositary Account” means an
account in the name of the Custodian for and on
behalf of the Trustee opened and maintained with
the Sub-Custodian, the account number of which
shall be notified in writing by the Custodian to the
Issuer, the Trustee and the Swap Counterparty from
time to time.
For the purposes of holding the Charged Assets, the
Sub-Custodian has opened and maintained a subcustody
account in the name of the Custodian (in
respect of the Issuer Depositary Account) with the
Alternative Clearing System (the “Issuer Sub-
Custody Account”) and has opened and
maintained a sub-custody account in the name of the
Custodian (in respect of the Trustee Depositary
Account) with the Alternative Clearing System (the
“Trustee Sub-Custody Account”). The Issuer Sub-
Custody Account and the Trustee Sub-Custody
Account are each opened and maintained with the
Alternative Clearing System under the JGB Book-
Entry System of BOJ under and in accordance with
the Transfer of Corporate Debt Securities Law and
Regulations.
“BOJ” means the Bank of Japan.
“Transfer of Corporate Debt Securities Law and
Regulations” means the Law Concerning Book-
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