Common use of Passporting Clause in Contracts

Passporting. (a) The Issuer confirms that it has requested the CBI to notify the competent authority of Norway in accordance with the procedures established by Article 24 and Article 25 of the Prospectus Regulation and, in this connection, undertakes that it shall take all necessary steps required by the competent authority of Norway. (b) If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Offering Circular will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CBI to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.

Passporting. ‌ (a) The Issuer confirms that it has requested the CBI to notify the competent authority of Norway in accordance with the procedures established by Article 24 and Article 25 of the Prospectus Regulation and, in this connection, undertakes that it shall take all necessary steps required by the competent authority of Norway. (b) If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Offering Circular will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CBI to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.

Passporting. (a) The Issuer confirms that it has they have requested the CBI to notify the competent authority of Norway in accordance with the procedures established by Article 24 and Article 25 of the Prospectus Regulation and, in this connection, undertakes that it shall take all necessary steps required by the competent authority of Norway. (b) If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Offering Circular will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CBI to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.