Common use of First issue Clause in Contracts

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 I of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven three London business days of receipt of the documents and confirmations described in Part 1 I of the Initial Documentation List if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, on or after the date hereof, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document documentation or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the an Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 I of the Initial Documentation List. Any Dealer must notify the Arranger and the relevant Issuer within seven ten London business days of receipt of the documents and confirmations described in Part 1 I of the Initial Documentation List if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes or Covered Bonds under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 I of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven three London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 I of the Initial Documentation ListLists. Any Dealer must notify the Arranger and the Issuer within seven five London business days of receipt of the documents and confirmations described in Part 1 I of the Initial Documentation List Lists if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the any Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the relevant Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes Covered Bonds under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the relevant Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 I of the Initial Documentation ListLists. Any Dealer must notify the Arranger and the relevant Issuer within seven five London business days of receipt of the documents and confirmations described in Part 1 I of the Initial Documentation List Lists if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of Schedule 1, the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of Schedule 1, the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer Dealer(s) for the first issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven five London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of such notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the relevant Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this AgreementNotes, each Dealer shall have received, and found satisfactory (in its reasonable opinion), ) all of the documents and confirmations described in Part 1 I of the Initial Documentation List. Any Dealer must notify the Arranger and the relevant Issuer within seven five London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any such document or confirmation to be unsatisfactory in its reasonable opinion and, in the absence of such notification, each such Dealer shall be deemed to consider the such documents and confirmations to be satisfactorysatisfactory and such further conditions precedent to be satisfied.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase subscription of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days (as defined in the Conditions) of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreementon or after the date hereof, each Dealer shall have received, and found satisfactory (in its reasonable opinion), ) all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if it considers any to be unsatisfactory in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactoryopinion.

First issue. Before the an Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger Arrangers and the Issuer ENEL within seven London business days of receipt of the documents and confirmations described in Part 1 of the Initial Documentation List if in its reasonable opinion it considers any document or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.

First issue. Before the Issuer reaches its first agreement with any Dealer for the issue and purchase of Notes under this Agreement, on or after the date hereof, each Dealer shall have received, and found satisfactory (in its reasonable opinion), all of the documents and confirmations described in Part 1 of the Initial Documentation List. Any Dealer must notify the Arranger and the Issuer within seven London business days of receipt of the documents and confirmations described in Part 1 of the ofthe Initial Documentation List if in its reasonable opinion it considers any document documentation or confirmation to be unsatisfactory and, in the absence of notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory.