Common use of New Dealer(s Clause in Contracts

New Dealer(s. (a) In accordance with the provisions of subclause 7.01(b) of the Dealership Agreement the Issuer hereby appoints those of the Managers who are not Dealers (for the purposes of this Clause, a “New Dealer”) as dealers upon the terms of the Dealership Agreement in respect of the Covered Bonds only with the authority, rights, powers, duties and obligations of a Dealer under the Dealership Agreement to the extent provided in such subclause 7.01(b) save that each New Dealer [shall not have the benefit of the undertakings contained in subclause (i) of Clause 3.03 of the Dealership Agreement]*. (b) The Lead Managers confirm that each New Dealer has found the Dealership Agreement and the Prospectus satisfactory, has received a copy of or waived the production of a copy of the other conditions precedent set out in Schedule 2 to the Dealership Agreement [and waived production of a copy of the documents referred to in subclause (i) of Clause 3.03 of the Dealership Agreement.]†

New Dealer(s. (a) In accordance with the provisions of subclause 7.01(b9.01(b) of the Dealership Agreement the Issuer hereby appoints those of the Managers who are not Dealers (for the purposes of this Clause, a “New Dealer”) as dealers upon the terms of the Dealership Agreement in respect of the Covered Bonds only with the authority, rights, powers, duties and obligations of a Dealer under the Dealership Agreement to the extent provided in such subclause 7.01(b9.01(b) save that each New Dealer [shall not have the benefit of the undertakings contained in subclause (ig) of Clause 3.03 of the Dealership Agreement]*.Agreement]†. (b) The Lead Managers confirm Manager confirms that each New Dealer has found the Dealership Agreement and the Prospectus satisfactory, has received a copy of or waived the production of a copy of the other conditions precedent set out in Schedule 2 to the Dealership Agreement [and waived production of a copy of the documents referred to in subclause (ig) of Clause 3.03 of the Dealership Agreement.]†Agreement.]‡

New Dealer(s. (a) In accordance with the provisions of subclause 7.01(b9.01(b) of the Dealership Agreement the Issuer hereby appoints those of the Managers who are not Dealers (for the purposes of this Clause, a “New Dealer”) as dealers upon the terms of the Dealership Agreement in respect of the Covered Bonds only with the authority, rights, powers, duties and obligations of a Dealer under the Dealership Agreement to the extent provided in such subclause 7.01(b9.01(b) save that each New Dealer [shall not have the benefit of the undertakings contained in subclause (ig) of Clause 3.03 of the Dealership Agreement]*. (b) The Lead Managers confirm that each New Dealer has found the Dealership Agreement and the Prospectus satisfactory, has received a copy of or waived the production of a copy of the other conditions precedent set out in Schedule 2 to the Dealership Agreement [and waived production of a copy of the documents referred to in subclause (ig) of Clause 3.03 of the Dealership Agreement.]†

New Dealer(s. (a) In accordance with the provisions of subclause 7.01(b9.01(b) of the Dealership Agreement the Issuer hereby appoints those of the Managers who are not Dealers (for the purposes of this Clause, a “New Dealer”) as dealers upon the terms of the Dealership Agreement in respect of the Covered Bonds only with the authority, rights, powers, duties and obligations of a Dealer under the Dealership Agreement to the extent provided in such subclause 7.01(b9.01(b) save that each New Dealer [shall not have the benefit of the undertakings contained in subclause (ig) of Clause 3.03 of the Dealership Agreement]*. (b) The Lead Managers confirm Manager confirms that each New Dealer has found the Dealership Agreement and the Prospectus satisfactory, has received a copy of or waived the production of a copy of the other conditions precedent set out in Schedule 2 to the Dealership Agreement [and waived production of a copy of the documents referred to in subclause (ig) of Clause 3.03 of the Dealership Agreement.]†