Alternative Clearing System. References in this Agreement to Euroclear and/or Clearstream, Luxembourg shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Guarantor, the Registrar and the Issuing and Principal Paying Agent.
Alternative Clearing System. References in this Trust Deed to Euroclear and/or Clearstream, Luxembourg shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Guarantor, the Trustee and the Issuing and Principal Paying Agent. In the case of NGNs, such alternative clearing system must also be authorised to hold such notes as eligible collateral for Eurosystem monetary policy and intra-day credit operations.
Alternative Clearing System. References in this Master Trust Deed to the Relevant Clearing Systems shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Trustee and the Issuing and Paying Agent and/or the Registrar (as the case may be)
Alternative Clearing System. References in this Fiscal Agency Agreement to Euroclear and/or Clearstream shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer and the Fiscal Agent and permitted to hold the Global Bond. Such alternative clearing system must be authorised to hold the Temporary Global Bond and Global Bond as eligible collateral for Eurosystem monetary policy and intra-day credit operations.
Alternative Clearing System. References in this Agreement to the Relevant Clearing Systems shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Trustee and the Issuing and Paying Agent.
Alternative Clearing System. References in this Agreement to Euroclear France, Euroclear or Clearstream, shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer.
Alternative Clearing System references in this Agreement to Euroclear and/or Clearstream, Luxembourg and/or the NBB Securities Settlement System shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Relevant Issuer, the Guarantor, the Registrar and the Fiscal Agent or, in the case of the NBB Securities Settlement System, imposed by law. In the case of NGNs or Global Certificates held under the NSS, such alternative clearing system must also be authorised to hold such Notes as eligible collateral for Eurosystem monetary policy and intra-day credit operations.
Alternative Clearing System. All references in this Agreement to the X/N System and/or Euroclear shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by NBB, the Issuer, the Domiciliary Agent and the Trustee.
Alternative Clearing System. References in this Agreement to the CMU shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Fiscal Agent and, as applicable, the Registrar (the Alternative Clearing System).
Alternative Clearing System. References in this Agreement to Euroclear and/or Clearstream and/or Euroclear France shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Guarantors and the Fiscal Agent. In the case of NGNs, such alternative clearing system must also be authorised to hold such notes as eligible collateral for Eurosystem monetary policy and intra-day credit operations. In the event that any additional or alternative clearing systems are approved, if the Fiscal Agent can and accepts to act, an appropriate procedure shall be agreed beforehand by the Issuer and the Fiscal Agent.
