Common use of ACCEPTANCE OF THIRD Clause in Contracts

ACCEPTANCE OF THIRD. PARTY CLAUSES IN THE AGREEMENTS BETWEEN MUNICIPALITIES AND WSW Every Municipality has concluded a backstop agreement with WSW as referred to in Article 4 of WSW’s Articles (the “Backstop Agreement”). To further secure the performance of WSW’s payment obligations to lenders, including the Lender, the Municipality undertook in this Backstop Agreement to issue interest-free loans in the manner set out in the Backstop Agreement, in order to prevent liquidity shortfalls at WSW at all times. The Lender declares that it accepts the clauses made for its benefit in the Backstop Agreement applicable at the time of the conclusion of this Loan Agreement. At the Lender’s first request, WSW will inform the Lender which Municipalities have concluded a Backstop Agreement with WSW in relation to the Borrower. PART IV

ACCEPTANCE OF THIRD. PARTY CLAUSES IN THE AGREEMENTS BETWEEN MUNICIPALITIES AND WSW Every Municipality has concluded a backstop agreement with WSW as referred to in Article 4 of WSW’s Articles (the “Backstop Agreement”). To further secure the performance of WSW’s payment obligations to lenders, including the Lender, the Municipality undertook in this Backstop Agreement to issue interest-free loans in the manner set out in the Backstop Agreement, in order to prevent liquidity shortfalls at WSW at all times. The Lender declares that it accepts the clauses made for its benefit in the Backstop Agreement as applicable at the time of the conclusion of this Loan Agreement. At the Lender’s first request, WSW will inform the Lender which Municipalities have concluded a Backstop Agreement with WSW in relation to the Borrower. PART IV