ARION BANK HF. ID number 581008-0150, a public limited company incorporated under the laws of Iceland, whose registered office is at Xxxxxxxxx 00, 000 Xxxxxxxxx, Xxxxxxx (in its capacity as the Cash Manager and in its capacity as the GIC Provider); and
ARION BANK HF. By: cc: The Bank of New York Mellon, London Branch as Fiscal Agent The other Dealers [Date] To: Arion Bank hf. (the Issuer) Dear Sirs, Arion Bank hf. [Description of issue] (the Covered Bonds) We refer to the Programme Agreement dated 10 February 2012 and made between the Issuer and the Dealers party to it (which agreement, as amended and/or supplemented and/or restated from time to time, is referred to as the Programme Agreement). We confirm that we are in receipt of the following documents:
ARION BANK HF. By: cc: The Bank of New York Mellon, London Branch as Fiscal Agent [Date] To: The Dealers and the Listing Agent (as those expressions are defined in the Programme Agreement dated 10 February 2012 which agreement, as amended and/or supplemented and/or restated from time to time (the Programme Agreement)) Dear Sirs, We require, pursuant to clause 12.1 of the Programme Agreement, that the aggregate nominal amount of the above Programme be increased to [€] [specify] from [specify date which is no earlier than seven London business days after the date the notice is given] whereupon (but subject as provided in the next paragraph) all references in the Agreements will be deemed amended accordingly. We understand that this increase is subject to the satisfaction of the condition set out in clause 12.2 of the Programme Agreement, namely that each Dealer shall have received and found satisfactory all the documents and confirmations described in the Part 2 of the Initial Documentation List (with such changes as may be relevant, with reference to the circumstances at the time of the proposed increase, as are agreed between the Issuer and the Dealers) and the delivery of any further conditions precedent that any of the Dealers may reasonably require. You must notify the Arranger and ourselves within [seven] London business days of receipt by you of those documents and confirmations and, if applicable, further conditions precedent if you consider (in your reasonable opinion) that any of them are unsatisfactory and, in the absence of such notification, you will be deemed to consider such documents and confirmations to be satisfactory and such further conditions precedent to be satisfied. Terms used in this letter have the meanings given to them in the Programme Agreement. This letter and any non-contractual obligations arising out of or in connection with it shall be governed by, and construed in accordance with, English law. Yours faithfully, By: cc: The Bank of New York Mellon, London Branch as Fiscal Agent [DESCRIPTION OF ISSUE] [DATE] To: [Names of Managers] (the Managers) c/o [ ] (the Lead Manager)
