Common use of Notes Registrar and Paying Agent Clause in Contracts

Notes Registrar and Paying Agent. (a) The Issuer will initially act as the paying agent (the “Paying Agent”) in respect of the Notes and registrar (the “Notes Registrar”) reflecting ownership of the Notes. For as long as the Notes are listed on the TASE- UP, the Issuer undertakes to only appoint a person resident, organized and with its principal place of business in the State of Israel as successor Notes Registrar. The Notes Registrar shall maintain a register reflecting ownership of Definitive Registered Notes (as defined herein) (the “Notes Register”) outstanding from time to time and will make payments on and facilitate transfer of Definitive Registered Notes on behalf of the Issuer, provided that in the event the Issuer is not the Notes Registrar, the register kept by, and at the registered office of, the Issuer shall prevail in the event of any discrepancy between such register and the register held by the Notes Registrar.

Notes Registrar and Paying Agent. (a) The Issuer will initially act as the paying agent (the “Paying Agent”) in respect of the Notes and registrar (the “Notes Registrar”) reflecting ownership of the Notes. For as long as the Notes are listed on the TASE- UPTACT Institutional, the Issuer undertakes to only appoint a person resident, organized and with its principal place of business in the State of Israel as successor Notes Registrar. The Notes Registrar shall maintain a register reflecting ownership of Definitive Registered Notes (as as‌ defined herein) (the “Notes Register”) outstanding from time to time and will make payments on and facilitate transfer of Definitive Registered Notes on behalf of the Issuer, provided that in the event the Issuer is not the Notes Registrar, the register kept by, and at the registered office of, the Issuer shall prevail in the event of any discrepancy between such register and the register held by the Notes Registrar.

Notes Registrar and Paying Agent. (a) The Issuer will initially act as the paying agent (the “Paying Agent”) in respect of the Notes and registrar (the “Notes Registrar”) reflecting ownership of the Notes. For as long as the Notes are listed on the TASE- UPTACT Institutional, the Issuer undertakes to only appoint a person resident, organized and with its principal place of business in the State of Israel as successor Notes Registrar. The Notes Registrar shall maintain a register reflecting ownership of Definitive Registered Notes (as defined herein) (the “Notes Register”) outstanding from time to time and will make payments on and facilitate transfer of Definitive Registered Notes on behalf of the Issuer, provided that in the event the Issuer is not the Notes Registrar, the register kept by, and at the registered office of, the Issuer shall prevail in the event of any discrepancy between such register and the register held by the Notes Registrar.