Common use of Election of Common Safekeeper Clause in Contracts

Election of Common Safekeeper. Each Issuer hereby authorises and instructs the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers and the Principal Paying Agent may agree to vary this election. Each Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN NGCB Temporary Global Note Covered Bond or an NGN NGCB Permanent Global Note Covered Bond, or a Global Note Certificate Registered Covered Bond to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each relevant Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers relevant Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each relevant Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each Issuer The Issuers hereby authorises authorise and instructs instruct the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers and the Principal Paying Agent may agree to vary this election. Each Issuer acknowledges The Issuers acknowledge that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The relevant Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers relevant Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each Issuer acknowledges The Issuers acknowledge that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each Issuer hereby authorises and instructs the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers and the Principal Paying Agent may agree to vary this election. Each Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to determine jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each Issuer hereby authorises and instructs the Principal Paying Agent and the Registrar to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers and the Principal Paying Agent may agree to vary this election. Each Issuer acknowledges The Issuers acknowledge that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer and the Guarantors hereby authorises authorise and instructs instruct the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer, the Guarantors and the Principal Paying Agent may agree to vary this election. Each The Issuer acknowledges and the Guarantors acknowledge that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue issue, and agrees agree that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Paying Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue by the Issuer of an NGN Temporary Global Note or Note, an NGN Permanent Global Note or Note, or, where applicable, a Registered Global Note Certificate intended to be held under the NSS NSS, in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Issuing and Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Issuing and Paying Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Issuing and Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an Eurosystem eligible NGN Temporary Global Note or an NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Paying Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.

Election of Common Safekeeper. Each Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers relevant Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer hereby authorises and instructs the Principal Paying Fiscal Agent to elect an ICSD to be Common Safekeeper for each issue of an a NGN Temporary Global Note or an a NGN Permanent Global Note Note, or a Global Registered Note Certificate to be held under the NSS NSS, in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer and the Principal Paying Fiscal Agent may agree to vary this election. Each The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Fiscal Agent in respect of any such election made by it.

Election of Common Safekeeper. Each The Issuer and the Guarantors hereby authorises authorise and instructs instruct the Principal Paying Agent to elect an ICSD to be Common Safekeeper for each issue of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS in relation to which one of the ICSDs must be Common Safekeeper. From time to time, the Issuers Issuer, the Guarantors and the Principal Paying Agent may agree to vary this election. Each The Issuer acknowledges and the Guarantors acknowledge that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Principal Paying Agent in respect of any such election made by it.