Common use of Electronic Consent Clause in Contracts

Electronic Consent. where the terms of the resolution proposed by the Issuer, the Guarantor or the Trustee (as the case may be) have been notified to the Noteholders through the relevant clearing system(s) as provided in sub-paragraphs (i) and/or (ii) below, each of the Issuer, the Guarantor and the Trustee shall be entitled to rely upon approval of such resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Agent or another specified agent and/or the Trustee in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in aggregate nominal amount of the outstanding Notes (the Required Proportion) (Electronic Consent) by close of business on the Relevant Date (as defined below). Any resolution passed in such manner shall be binding on all Noteholders, even if the relevant consent or instruction proves to be defective. None of the Issuer, the Guarantor or the Trustee shall be liable or responsible to anyone for such reliance;

Electronic Consent. where the terms of the resolution proposed by the Issuer, the Guarantor or the Trustee (as the case may be) have been notified to the Noteholders through the relevant clearing system(s) as provided in sub-paragraphs (i) and/or (ii) below, each of the Issuer, the Guarantor and the Trustee shall be entitled to rely upon approval of such resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Agent or another a specified agent and/or the Trustee in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in aggregate nominal principal amount of the Notes outstanding Notes (the "Required Proportion") ("Electronic Consent") by close of business on the Relevant Date (as defined below)Date. Any resolution passed in such manner shall be binding on all Noteholders, Noteholders even if the relevant consent or instruction proves to be defective. None of the Issuer, the Guarantor or the Trustee shall be liable or responsible to anyone for such reliance;

Electronic Consent. where Where the terms of the resolution proposed by the Issuer, the Guarantor Issuer or the Trustee Fiscal Agent (as the case may be) have been notified to the Noteholders Covered Bondholders through the relevant clearing system(s) as provided in sub-paragraphs (ia) and/or (iib) below, each of the Issuer, the Guarantor Issuer and the Trustee Fiscal Agent shall be entitled to rely upon approval of such resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Fiscal Agent or another specified agent and/or the Trustee in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in aggregate nominal principal amount of the Covered Bonds outstanding Notes (the "Required Proportion") ("Electronic Consent") by close of business on the Relevant Date date of the blocking of their accounts in the relevant clearing systems(s) (as defined belowthe "Consent Date"). Any resolution passed in such manner shall be binding on all NoteholdersCovered Bondholders, even if the relevant consent or instruction proves to be defective. None of the Issuer, the Guarantor Issuer or the Trustee Fiscal Agent shall be liable or responsible to anyone for such reliance;.

Electronic Consent. where the terms of the resolution proposed by the Issuer, the Guarantor or the Trustee (as the case may be) have been notified to the Noteholders through the relevant clearing system(s) as provided in sub-paragraphs (i) and/or (ii) below, each of the Issuer, the Guarantor and the Trustee shall be entitled to rely upon approval of such resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Agent or another a specified agent and/or the Trustee in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in aggregate nominal principal amount of the Notes outstanding Notes (the “Required Proportion”) (“Electronic Consent”) by close of business on the Relevant Date (as defined below)Date. Any resolution passed in such manner shall be binding on all Noteholders, Noteholders even if the relevant consent or instruction proves to be defective. None of the Issuer, the Guarantor or the Trustee shall be liable or responsible to anyone for such reliance;