Allocation of Bonds. (a) In the event of Sufficient Clearing Bids, subject to the further provisions of subsections (c) and (d) below, Submitted Orders shall be accepted or rejected as follows in the following order of priority:
Allocation of Bonds. Notification of allotment of Bonds will be sent to the Applicant by the Managers no later than two (2) days prior to settlement. Settlement: The date for settlement of the Tap Issue is expected to be on or about the Tap Issue Date. The Managers will issue an (“if issued”) contract note in due course prior to the Tap Issue Date. Subject to the Conditions, as defined in Exhibit I, being true, the Bonds will be transferred to the Applicant’s account with the Norwegian Central Securities Depository (Norwegian: Verdipapirsentralen), (“VPS”) on the Tap Issue Date. The VPS and the Trustee are authorised to carry out the aforesaid in the best practical way. The Managers assumes no responsibility for the delivery and payment obligations of the Company and Applicant respectively. SPECIFICATION OF REQUESTED APPLICATION: Applicant’s VPS account Total amount applied for in the Tap Issue (in the currency of the Tap Issue): NOK Important – please read carefully On the terms and conditions set forth in this Application Agreement, the undersigned Applicant hereby requests to subscribe for the number of Bonds stated above if issued by the Company on the terms set forth in the Bond Terms. The Applicant further confirms that (i) the Applicant is aware that a prospectus has not been prepared in respect of the Tap Issue, (ii) no formal due diligence (neither legal, financial, commercial or technical) has been performed by the Managers or by any other parties in connection with the Private Placement other than obtaining a written confirmation to certain bring-down due diligence questions by representatives of the Company and certain customary written confirmations from the Company and its representatives under a completeness and indemnity statement signed by the Company, whereby (in each case) the Company has confirmed, to the best of its knowledge, that the Investor Documentation in all material respects is correct and that there are no material omissions, (iii) the Applicant has received, read and understood the Investor Documentation, including the risk factors described therein, (iv) the Applicant is aware that the Tap Issue Addendum has not yet been finalized, (v) the investment in the Bonds is made solely at the Applicant’s own risk, (vi) the Applicant is not subscribing for or purchasing Bonds, either on the Applicant’s own account of for the account of others, in contradiction to the selling and transfer restrictions included in Exhibits I and II, and (vii) the Applicant...
Allocation of Bonds. Notification of allotment of Bonds will be sent to the Applicant by the Managers no later than two days prior to settlement. Settlement: The date for settlement of the Bond Issue is expected to be on or about the Settlement Date (as defined in the Term Sheet). The Managers will issue an (“if issued”) contract note in due course prior to the Settlement Date. Subject to the Conditions, as defined under Exhibit I, being true, the Bonds will be transferred to the Applicant’s account with the VPS on the Settlement Date. The Managers assume no responsibility for the delivery and payment obligations of the Company and Applicant respectively.
