Common use of New Dealer(s Clause in Contracts

New Dealer(s. (a) In accordance with the provisions of subclause 8.01(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 8.01(b) [save that each New Dealer shall not have the benefit of the undertakings contained in Clause 3.03(i) of the Dealership Agreement]2. [The New Dealers request, and the Issuer and Guarantor each acknowledge and agree, that the New Dealers shall have the full benefit of the undertaking in Clause 3.03(i) of the Dealership Agreement pursuant to subclause 8.01(b) of the Dealership Agreement.].

New Dealer(s. (a) In accordance with the provisions of subclause 8.01(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 8.01(b) [save that each New Dealer shall not have the benefit of the undertakings contained in Clause 3.03(i) of the Dealership Agreement]2Agreement]3. [The New Dealers request, and the Issuer and Guarantor each acknowledge and agree, that the New Dealers shall have the full benefit of the undertaking in Clause 3.03(i) of the Dealership Agreement pursuant to subclause 8.01(b) of the Dealership Agreement.].of

New Dealer(s. (a) In accordance with the provisions of subclause 8.01(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 8.01(b) [save that each New Dealer shall not have the benefit of the undertakings contained in Clause 3.03(i) of the Dealership Agreement]2Agreement]3. [The New Dealers request, and the Issuer and Guarantor 3 To be modified if New Dealer requests the benefit of the undertaking contained in paragraph (i) of Clause 3.03 of the Dealership Agreement. each acknowledge and agree, that the New Dealers shall have the full benefit of the undertaking in Clause 3.03(i) of the Dealership Agreement pursuant to subclause 8.01(b) of the Dealership Agreement.].