Common use of Completion of Distribution Clause in Contracts

Completion of Distribution. The Fiscal Agent or, with respect to Italian Dematerialised Securities, the Italian Paying Agent, agrees with the relevant Issuer and, where applicable, the Guarantor that, in relation to any Tranche of Securities which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Securities of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Securities of that Tranche.

Completion of Distribution. The Fiscal Agent or, with respect to Italian Dematerialised SecuritiesInstruments, the Italian Paying Agent, agrees with the relevant Issuer and, where applicable, the Guarantor that, in relation to any Tranche of Securities Notes which is sold to or through more than one Dealer, to the extent that it is notified by each Relevant Dealer that the distribution of the Securities Notes of that Tranche purchased by such Relevant Dealer is complete, it will notify all the Relevant Dealers of the completion of distribution of the Securities Notes of that Tranche.