APPOINTMENT OF NEW DEALERS. (1) Nothing in this Agreement shall prevent the Issuer from appointing one or more New Dealers for the duration of the Programme or, with regard to an issue of a particular Tranche of Notes, the Issuer from appointing one or more New Dealers for the purposes of that Tranche, in either case upon the terms of this Agreement and provided that, unless such appointment is effected pursuant to a Subscription Agreement:
(a) any New Dealer shall have first delivered to the Issuer an appropriate Dealer Accession Letter; and
(b) the Issuer shall have delivered to such New Dealer an appropriate Confirmation Letter.
(2) Upon receipt of the relevant Confirmation Letter or execution of the relevant Subscription Agreement, as the case may be, each such New Dealer shall, subject to the terms of the relevant Dealer Accession Letter or the relevant Subscription Agreement, as the case may be, become a party to this Agreement, vested with all authority, rights, powers, duties and obligations of a Dealer as if originally named as a Dealer hereunder provided further that, except in the case of the appointment of a New Dealer for the duration of the Programme, following the Issue Date of the relevant Tranche, the relevant New Dealer shall have no further such authority, rights, powers, duties or obligations except such as may have accrued or been incurred prior to, or in connection with, the issue of such Tranche.
(3) The Issuer shall promptly notify the other Dealers and the Agent of any appointment of a New Dealer for the duration of the Programme by supplying to such parties a copy of any Dealer Accession Letter and Confirmation Letter. Such notice shall be required to be given in the case of an appointment of a New Dealer for a particular Tranche of Notes to the Agent only.
APPOINTMENT OF NEW DEALERS. 17 12. Increase in the Aggregate Nominal Amount of the Program............. 18 13. Status of the Arrangers............................................. 18 14. Counterparts........................................................ 18 15. Communications...................................................... 18 16.
APPOINTMENT OF NEW DEALERS. DEALER agrees that HMA will have the right, from time to time, to appoint or to relocate new or additional authorized Hyundai Dealers in or near the primary market area served by DEALER based upon such reasonable criteria as HMA may establish in its sole discretion.
APPOINTMENT OF NEW DEALERS. 18 12. Increase in the Aggregate Nominal Amount of the Program.............
APPOINTMENT OF NEW DEALERS. (a) Subject to clauses 2.6(b) and 2.6(c) below, the Issuer, pursuant to clause 10 of the Principal Programme Agreement, hereby appoints each of ANZ, CACIB and MUFG as a Dealer for the duration of the Programme and each of ANZ, CACIB and MUFG shall, subject to the terms of this Agreement, become a party to the Principal Programme Agreement, and be vested with all authority, rights, powers, duties and obligations of a Dealer as if originally named as a Dealer under the Principal Programme Agreement.
(b) Each of ANZ, CACIB and MUFG hereby confirms that it is in receipt of a copy of the current versions of such documents referred to in Appendix 1 of the Programme Agreement (as amended pursuant to this Agreement) as it has requested, and has found them to its satisfaction.
(c) In consideration of the appointment by the Issuer of ANZ, CACIB and MUFG each as a Dealer under the Programme Agreement, each of ANZ, CACIB and MUFG undertakes, for the benefit of the Issuer and each of the other Dealers, that it will perform and comply with all the duties and obligations expressed to be assumed by a Dealer under the Programme Agreement.
APPOINTMENT OF NEW DEALERS
