Common use of Creation of Designated Securities Clause in Contracts

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 (the “Designated Securities”). The Designated Securities have been designated as series B of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12, 2006 and registered with the Mercantile Registry of Madrid on June 16, 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2016 (the “Designated Securities”). The Designated Securities have been designated as series B M of the Issuer in the public deed of issuance executed by one of the Joint and Several Directors (Administradores Solidarios) of the Issuer on June 12February 9, 2006 2011 and registered with the Mercantile Registry of Madrid on June 16February 11, 20062011.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2015 (the “Designated Securities”). The Designated Securities have been designated as series B K of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April 19, 20062010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2021 (the “Designated Securities”). The Designated Securities have been designated as series B M of the Issuer in the public deed of issuance executed by one of the Joint and Several Directors (Administradores Solidarios) of the Issuer on June 12February 9, 2006 2011 and registered with the Mercantile Registry of Madrid on June 16February 11, 20062011.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2017 (the “Designated Securities”). The Designated Securities have been designated as series B G of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 1221, 2006 2007 and registered with the Mercantile Registry of Madrid on June 1626, 20062007.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2020 (the “Designated Securities”). The Designated Securities have been designated as series B L of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April [•], 20062010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2023 (the “Designated Securities”). The Designated Securities have been designated as series B P of the Issuer in the public deed of issuance executed by one of the Joint and Several Directors (Administradores Solidarios) of the Issuer on June 12April 18, 2006 2013 and registered with the Mercantile Registry of Madrid on June 16April 23, 20062013.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2016 (the “"Designated Securities”). The Designated Securities have been designated as series B C of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12, 2006 and registered with the Mercantile Registry of Madrid on June 16, 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2013 (the “Designated Securities”). The Designated Securities have been designated as series B J of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April [•], 20062010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2015 (the “Designated Securities”). The Designated Securities have been designated as series B H of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 1225, 2006 2009 and registered with the Mercantile Registry of Madrid on June 16[•], 20062009.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2036 (the “Designated Securities”). The Designated Securities have been designated as series B D of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12, 2006 and registered with the Mercantile Registry of Madrid on June 16, 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2015 (the “Designated Securities”). The Designated Securities have been designated as series B K of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April [•], 20062010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2018 (the “Designated Securities”). The Designated Securities have been designated as series B O of the Issuer in the public deed of issuance executed by one of the Joint and Several Directors (Administradores Solidarios) of the Issuer on June 12April 18, 2006 2013 and registered with the Mercantile Registry of Madrid on June 16April 23, 20062013.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Floating Rate Senior Notes due 2011 2013 (the “Designated Securities”). The Designated Securities have been designated as series B E of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 1221, 2006 2007 and registered with the Mercantile Registry of Madrid on June 1626, 20062007 .

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2020 (the “Designated Securities”). The Designated Securities have been designated as series B L of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April 19, 20062010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Floating Rate Senior Notes due 2011 2017 (the “Designated Securities”). The Designated Securities have been designated as series B Q of the Issuer in the public deed of issuance executed by one of the Joint and Several Directors (Administradores Solidarios) of the Issuer on June 1211, 2006 2014 and registered with the Mercantile Registry of Madrid on June 1617, 20062014.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2013 (the “Designated Securities”). The Designated Securities have been designated as series B F of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 1221, 2006 2007 and registered with the Mercantile Registry of Madrid on June 1626, 20062007.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2019 (the “Designated Securities”). The Designated Securities have been designated as series B I of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 1225, 2006 2009 and registered with the Mercantile Registry of Madrid on June 16[•], 20062009.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Fixed Rate Senior Notes due 2011 2013 (the “Designated Securities”). The Designated Securities have been designated as series B J of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 12April 14, 2006 2010 and registered with the Mercantile Registry of Madrid on June 16April 19, 20062010.