Common use of OFFERS AND SALES IN POLAND AND THE NETHERLANDS Clause in Contracts

OFFERS AND SALES IN POLAND AND THE NETHERLANDS. Each Chase Purchaser has advised the Company and hereby represents and warrants to and agrees with the Company that it will not offer or sell the Preference Securities in Poland except in accordance with Polish foreign exchange regulations under circumstances which do not constitute a public offering or distribution of securities under Polish laws and regulations. Each Chase Purchaser further agrees it will not offer or sell the Preference Securities in The Netherlands except under circumstances which do not constitute a public offering or distribution (AANBOD BUITEN BESLOTEN XXXXX) of securities under the laws and regulations of The Netherlands.

OFFERS AND SALES IN POLAND AND THE NETHERLANDS. Each Chase Initial Purchaser has advised the Company and hereby represents and warrants to and agrees with the Company that it will not offer or sell the Preference Securities in Poland except in accordance with Polish foreign exchange regulations under circumstances which do not constitute a public offering or distribution of securities under Polish laws and regulations. Each Chase Initial Purchaser further agrees it they will not offer or sell the Preference Securities in The Netherlands except under circumstances which do not constitute a public offering or distribution (AANBOD BUITEN BESLOTEN XXXXX) of securities under the laws and regulations of The Netherlands.