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 Floating Rate Senior Notes due 2013 (the “Designated Securities”). The Designated Securities have been designated as series E of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 .

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2015 (the “Designated Securities”). The Designated Securities have been designated as series E K of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April 19, 2007 2010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Rate Senior Notes due 2013 2017 (the “Designated Securities”). The Designated Securities have been designated as series E 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 2111, 2007 2014 and registered with the Mercantile Registry of Madrid on June 2617, 2007 2014.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2021 (the “Designated Securities”). The Designated Securities have been designated as series E 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 21February 9, 2007 2011 and registered with the Mercantile Registry of Madrid on June 26February 11, 2007 2011.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2011 (the “Designated Securities”). The Designated Securities have been designated as series E B of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 2112, 2007 2006 and registered with the Mercantile Registry of Madrid on June 2616, 2007 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 (the “Designated Securities”). The Designated Securities have been designated as series E J of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April [•], 2007 2010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 (the “Designated Securities”). The Designated Securities have been designated as series E J of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April 19, 2007 2010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2047 (the “Designated Securities”). The Designated Securities have been designated as series E S 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 21March 2, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2017.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2015 (the “Designated Securities”). The Designated Securities have been designated as series E H of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 2125, 2007 2009 and registered with the Mercantile Registry of Madrid on June 26[•], 2007 2009.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2020 (the “Designated Securities”). The Designated Securities have been designated as series E L of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April [•], 2007 2010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2017 (the “Designated Securities”). The Designated Securities have been designated as series E G of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2007.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2018 (the “Designated Securities”). The Designated Securities have been designated as series E 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 21April 18, 2007 2013 and registered with the Mercantile Registry of Madrid on June 26April 23, 2007 2013.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2048 (the “Designated Securities”). The Designated Securities have been designated as series E U 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 21February 28, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2018.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2016 (the “"Designated Securities”). The Designated Securities have been designated as series E C of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 2112, 2007 2006 and registered with the Mercantile Registry of Madrid on June 2616, 2007 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2015 (the “Designated Securities”). The Designated Securities have been designated as series E K of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April [•], 2007 2010.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2038 (the “Designated Securities”). The Designated Securities have been designated as series E T 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 21February 28, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2018.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2023 (the “Designated Securities”). The Designated Securities have been designated as series E 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 21April 18, 2007 2013 and registered with the Mercantile Registry of Madrid on June 26April 23, 2007 2013.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2019 (the “Designated Securities”). The Designated Securities have been designated as series E I of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 2125, 2007 2009 and registered with the Mercantile Registry of Madrid on June 26[•], 2007 2009.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2049 (the “Designated Securities”). The Designated Securities have been designated as series E “V” 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 21February 27, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2019.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 (the “Designated Securities”). The Designated Securities have been designated as series E F of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21, 2007 and registered with the Mercantile Registry of Madrid on June 26, 2007 2007.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2016 (the “Designated Securities”). The Designated Securities have been designated as series E 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 21February 9, 2007 2011 and registered with the Mercantile Registry of Madrid on June 26February 11, 2007 2011.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2036 (the “Designated Securities”). The Designated Securities have been designated as series E D of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 2112, 2007 2006 and registered with the Mercantile Registry of Madrid on June 2616, 2007 2006.

Creation of Designated Securities. There is hereby created a new series of Securities to be issued under the Indenture, to be designated as Floating Fixed Rate Senior Notes due 2013 2020 (the “Designated Securities”). The Designated Securities have been designated as series E L of the Issuer in the public deed of issuance executed by one of the Directors (Administradores Solidarios) of the Issuer on June 21April 14, 2007 2010 and registered with the Mercantile Registry of Madrid on June 26April 19, 2007 2010.