NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:18 pm – mac5 – 3776 Section 05 : 3776 Section 05the specified office of the Registrar or the Principal Paying Agent. Dissolution Amounts andPeriodic Distribution Amounts will be paid to the Certificateholder shown on the Register atthe close of business on the relevant Record Date.For the purposes of this Condition, a Certificateholder’s registered account means theaccount in the Specified Currency maintained by or on behalf of such Certificateholder witha bank that processes payments in the Specified Currency, details of which appear on theRegister at the close of business on the relevant Record Date, and a Certificateholder’sregistered address means its address appearing on the Register at that time.All such payments will be made subject to any fiscal or other laws and regulations applicablein the place of payment, but without prejudice to the provisions described in Condition 12.Where payment is to be made by transfer to a registered account, payment instructions (forvalue the due date or, if that is not a Payment Business Day, for value the first following daywhich is a Payment Business Day) will be initiated and, where payment is to be made bycheque, the cheque will be mailed, on the Payment Business Day preceding the due datefor payment or, in the case of a payment of face amounts if later, on the Payment BusinessDay on which the relevant Certificate of Registration is surrendered at the specified officeof the Registrar or the Principal Paying Agent.Unless otherwise specified in the applicable Final Terms, Certificateholders will not beentitled to any payment for any delay after the due date in receiving the amount due if thedue date is not a Payment Business Day, if the Certificateholder is late in surrendering itsCertificate of Registration (if required to do so) or if a cheque mailed in accordance with thisCondition arrives after the due date for payment.If the amount of any Dissolution Amount or Periodic Distribution Amount is not paid in fullwhen due, the Registrar will annotate the Register with a record of the amount of suchDissolution Amount or Periodic Distribution Amount in fact paid.10. AGENTS10.1 Agents of IssuerIn acting under the Agency Agreement and in connection with the Trust Certificates, theAgents act solely as agents of the Issuer and (to the extent provided therein) the Trustee anddo not assume any obligations towards or relationship of agency or trust for or with any ofthe Certificateholders.10.2 Specified OfficesThe names of the initial Agents and their initial specified offices are set out below. The Issuerreserves the right at any time to vary or terminate the appointment of any Agent and toappoint additional or other Agents provided, however, that:(a)(b)(c)(d)there will at all times be a Principal Paying Agent;there will at all times be a Registrar;so long as any Trust Certificates are admitted to listing, trading and/or quotation on anylisting authority, stock exchange and/or quotation system, there will at all times be aPaying Agent and a Transfer Agent having its specified office in such place (if any) asmay be required by the rules of such listing authority, stock exchange and/or quotationsystem; andthere will at all times be a Paying Agent in a Member State of the European Union thatis not obliged to withhold or deduct tax pursuant to European Council Directive47