Common use of NETHERLANDS Clause in Contracts

NETHERLANDS. Each of the Underwriters, on behalf of itself and each of its affiliates that participates in the initial distribution of the Designated Securities, severally represents and agrees that any Designated Securities will only be offered in The Netherlands to Qualified Investors (as defined in the Prospectus Directive), unless such offer is made in accordance with the Dutch Financial Supervision Act (Wet op het financieel toezicht).

NETHERLANDS. Each of the Underwriters, on behalf of itself and each of its affiliates that participates in the initial distribution of the Designated Securities, severally represents and agrees that any it has not, directly or indirectly, offered or sold and will not, directly or indirectly, offer or sell the Designated Securities will only be offered in The Netherlands other than to Qualified Investors (qualified investors, as defined in the Prospectus Directive), unless such offer is made in accordance with Article 1.1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht) (“Act”), unless such offer is made in accordance with such Act.

NETHERLANDS. Each of the Underwriters, on behalf of itself and each of its affiliates that participates in the initial distribution of the Designated Securities, severally represents and agrees that any it has not, directly or indirectly, offered or sold and will not, directly or indirectly, offer or sell the Designated Securities will only be offered in The Netherlands other than to Qualified Investors (qualified investors, as defined in the Prospectus Directive), unless such offer is made in accordance with Article 1.1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht), unless such offer is made in accordance with such Act.