Common use of DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD Clause in Contracts

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as possible after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer or Lead Manager, as the case may beDealer.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all each of the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably practicable after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer Dealer(s) or Lead Manager, Manager (as the case may beapplicable).

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (2) In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (4) Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (4) 5.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, the Note Trustee, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent Luxembourg and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably possible after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer or Lead Manager, as the case may beDealer.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) ‌ 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all each of the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably practicable after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe CBC, the Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer Dealer(s) or Lead Manager, Manager (as the case may beapplicable).

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) ‌ 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) 5.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent Luxembourg and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) 5.4 Immediately after it the Principal Paying Agent determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, the Trustee, the Registrar, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent DTC and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) Immediately 5.4 As soon as reasonably practicable after it the Principal Paying Agent determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, the Trustee, the Registrar, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent DTC and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all each of the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably possible after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer or Lead Manager, as the case may beDealer.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) ‌ 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) 6.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer or Lead Manager, as the case may beDealer.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.01 In the case of a Tranche in respect of which there is only one Dealer, the Principal Issuing and Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Issuing and Paying Agent as being the date on as of which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 5.02 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued subscribed on a syndicated basis, the Principal Issuing and Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the last latest of the dates certified by all the relevant Dealers to the Principal Issuing and Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed.respective (3) 5.03 In the case of a Tranche issued on subscribed pursuant to a syndicated basisSubscription Agreement (as defined in the Dealership Agreement), the Principal Issuing and Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Issuing and Paying Agent as being the date on as of which distribution of the Notes Covered Bonds of that Tranche was completed. (4) 5.04 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Issuing and Paying Agent shall notify the such determination to the relevant Issuer, Guarantor, the Bond Trustee, the Registrar (if applicable), Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or Lead ManagerDTC, as the case may be, and the Relevant Dealers (in the case of an issue of Covered Bonds not subscribed pursuant to a Subscription Agreement) or the Lead Manager (in the case of an issue of Covered Bonds subscribed pursuant to a Subscription Agreement).

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on as of which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the last latest of the dates certified c ertified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on as of which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the such Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on as of which distribution of the Notes of that Tranche was completed. (4) Immediately after it determines 5.4 Forthwith upon determining the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the such determination to the relevant Issuer, the Trustee, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent Luxembourg and the relevant Dealer or Lead Manager, as the case c ase may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) ‌ 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) 6.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (2) In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (4) Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) ‌ 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed.completed.‌ (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) 5.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, the Trustee, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent Luxembourg and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) Immediately 5.4 As soon as reasonably practicable after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, (where applicable) each Guarantor, the Trustee, the Registrar, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or and Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (2) In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (4) Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, EuroclearEuroclear , Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all each of the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably practicable after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe CBC, the Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer Dealer(s) or Lead Manager, Manager (as the case may beapplicable).

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 6.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (2) 6.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all each of the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes Covered Bonds of that Tranche purchased by each such Dealer was completed. (3) 6.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes Covered Bonds of that Tranche was completed. (4) Immediately 6.4 As soon as reasonably possible after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclearthe CBC, the Security Trustee, Euroclear (if applicable), Clearstream, LuxembourgLuxembourg (if applicable), the CMU Service through the CMU Lodging and Paying Agent Euroclear Nederland (if applicable), any other agreed clearing system (if applicable) and the relevant Dealer Dealer(s) or Lead Manager, Manager (as the case may beapplicable).

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth (40th) day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche Xxxxxxx was completed. (4) Immediately 5.4 As soon as reasonably practicable after it the Principal Paying Agent determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, the Trustee, the Registrar, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent DTC and the relevant Dealer or Lead Manager, as the case may be.

DETERMINATION OF END OF DISTRIBUTION COMPLIANCE PERIOD. (1) 5.1 In the case of a Tranche in respect of which there is only one Dealer, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the relevant Dealer to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (2) 5.2 In the case of a Tranche in respect of which there is more than one Dealer but which is not issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the last of the dates determined and certified by all the relevant Dealers to the Principal Paying Agent as being the respective dates on which distribution of the Notes of that Tranche purchased by each such Dealer was completed. (3) 5.3 In the case of a Tranche issued on a syndicated basis, the Principal Paying Agent will determine the end of the Distribution Compliance Period in respect of the Tranche as being the fortieth day following the date determined and certified by the Lead Manager to the Principal Paying Agent as being the date on which distribution of the Notes of that Tranche was completed. (4) 5.4 Immediately after it determines the end of the Distribution Compliance Period in respect of any Tranche, the Principal Paying Agent shall notify the determination to the relevant Issuer, Euroclear, Clearstream, Luxembourg, the CMU Service through the CMU Lodging and Paying Agent Luxembourg and the relevant Dealer or Lead Manager, as the case may be.