Increase in Authorized Amount Clause Samples

Increase in Authorized Amount. 8.01 From time to time the Issuer and the Guarantor may increase the Authorized Amount of the Covered Bonds that may be issued under the Programme by delivering to the Dealers (with a copy to the Bond Trustee and the Issuing and Paying Agent) a letter substantially in the form set out in Schedule 4. Upon the later of 10 days after (a) notice is given to the Dealers, and (b) the Issuer and the Guarantor delivering to the Arranger on behalf of the Dealers, all the documents and confirmations described in Schedule 2 to this Agreement (with such changes as may be relevant with reference to the circumstances at the time of the proposed increase as are agreed between the Issuer, the Guarantor and the Dealers), and the satisfaction of any further conditions precedent that any of the Dealers may reasonably require, including, without limitation, Auditors’ Letters and the production of a supplementary Prospectus by the Issuer and the Guarantor and any further or other documents required by the relevant authority or authorities for the purpose of listing or admitting to trading any Covered Bonds to be issued under the increased Programme on the relevant Stock Exchange, all references in the Transaction Documents to a Programme of a certain Authorized Amount shall be deemed to be references to a Programme of the increased Authorized Amount. Further to the above, any Dealer must notify the Arranger, the Issuer and the Guarantor within ten days of receipt if it considers that any of the documents, confirmations and, if applicable, further conditions precedent are unsatisfactory and, in the absence of such notification, each Dealer shall be deemed to consider the documents and confirmations to be satisfactory and any further conditions precedent to be satisfied.