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Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

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The Ag<strong>en</strong>cy Agreem<strong>en</strong>t may be am<strong>en</strong><strong>de</strong>d by the Issuer and the F<strong>is</strong>cal Ag<strong>en</strong>t, without the cons<strong>en</strong>t ofany Paying Ag<strong>en</strong>t, the Calculation Ag<strong>en</strong>t or any Hol<strong>de</strong>r, for the purpose of curing any ambiguity or ofcuring, correcting or supplem<strong>en</strong>ting any <strong>de</strong>fective prov<strong>is</strong>ion contained therein or in any manner whichthe Issuer and the F<strong>is</strong>cal Ag<strong>en</strong>t may mutually <strong>de</strong>em necessary or <strong>de</strong>sirable and which does notadversely affect the interests of the Hol<strong>de</strong>rs.(c)Substitution of the Issuer(i)The Issuer or any previous substitute of the Issuer un<strong>de</strong>r th<strong>is</strong> Con<strong>dit</strong>ion may, and theNotehol<strong>de</strong>rs, Receipthol<strong>de</strong>rs and the Couponhol<strong>de</strong>rs hereby irrevocably agree in ad<strong>van</strong>ce thatthe Issuer or any previous substitute of the Issuer un<strong>de</strong>r th<strong>is</strong> Con<strong>dit</strong>ion may without anyfurther prior cons<strong>en</strong>t of any Notehol<strong>de</strong>r at any time, substitute any company (incorporated inany country in the world) controlling, controlled by or un<strong>de</strong>r common control with, the Issueras the principal <strong>de</strong>btor in respect of the Notes or un<strong>de</strong>rtake its obligations in respect of theNotes through any of its branches (any such company or branch, the “Substitute Debtor”),provi<strong>de</strong>d that:(A)(B)(C)such docum<strong>en</strong>ts shall be executed by the Substitute Debtor and the Issuer or anyprevious substitute as aforesaid as may be necessary to give full effect to thesubstitution (together the “Docum<strong>en</strong>ts”) and (without limiting the g<strong>en</strong>erality of theforegoing) pursuant to which the Substitute Debtor shall un<strong>de</strong>rtake in favour of eachNotehol<strong>de</strong>r to be bound by these Terms and Con<strong>dit</strong>ions and the prov<strong>is</strong>ions of theAg<strong>en</strong>cy Agreem<strong>en</strong>t as fully as if the Substitute Debtor had be<strong>en</strong> named in the Notesand the Ag<strong>en</strong>cy Agreem<strong>en</strong>t as the principal <strong>de</strong>btor in respect of the Notes in place ofthe Issuer or any previous substitute as aforesaid and pursuant to which the Issuershall irrevocably and uncon<strong>dit</strong>ionally guarantee in favour of each Notehol<strong>de</strong>r thepaym<strong>en</strong>t of all sums payable by the Substitute Debtor as such principal <strong>de</strong>btor (suchguarantee of the Issuer herein referred to as the “Substitution Guarantee”);the Docum<strong>en</strong>ts shall contain a warranty and repres<strong>en</strong>tation by the Substitute Debtorand the Issuer that (a) the Substitute Debtor and the Issuer have obtained all necessarygovernm<strong>en</strong>tal and regulatory approvals and cons<strong>en</strong>ts for such substitution and for thegiving by the Issuer of the Substitution Guarantee in respect of the obligations of theSubstitute Debtor, that the Substitute Debtor has obtained all necessary governm<strong>en</strong>taland regulatory approvals and cons<strong>en</strong>ts for the performance by the Substitute Debtorof its obligations pursuant to the Docum<strong>en</strong>ts and that all such approvals and cons<strong>en</strong>tsare in full force and effect and (b) the obligations assumed by the Substitute Debtorand the Substitution Guarantee giv<strong>en</strong> by the Issuer are each valid and binding inaccordance with their respective terms and <strong>en</strong>forceable by each Notehol<strong>de</strong>r and that,in the case of the Substitute Debtor un<strong>de</strong>rtaking its obligations with respect to theNotes through a branch, the Notes remain the valid and binding obligations of suchSubstitute Debtor; andCon<strong>dit</strong>ion 14 shall be <strong>de</strong>emed to be am<strong>en</strong><strong>de</strong>d so that it shall also be an Ev<strong>en</strong>t ofDefault un<strong>de</strong>r the said Con<strong>dit</strong>ion if the Substitution Guarantee shall cease to be validor binding on or <strong>en</strong>forceable against the Issuer.(ii)Upon the Docum<strong>en</strong>ts becoming valid and binding obligations of the Substitute Debtor and theIssuer and subject to notice having be<strong>en</strong> giv<strong>en</strong> in accordance with paragraph (iv) below, theSubstitute Debtor shall be <strong>de</strong>emed to be named in the Notes and Coupons as the principal<strong>de</strong>btor in place of the Issuer as <strong>is</strong>suer (or of any previous substitute un<strong>de</strong>r these prov<strong>is</strong>ions)and the Notes and Coupons shall thereupon be <strong>de</strong>emed to be am<strong>en</strong><strong>de</strong>d to give effect to thesubstitution. The execution of the Docum<strong>en</strong>ts together with the notice referred to in paragraph225

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