Common use of Public Descriptions of Guarantor and Scheme Clause in Contracts

Public Descriptions of Guarantor and Scheme. 11.1 The description of the Guarantor and the Scheme in any offering document (including, without limitation, any prospectus, offering circular, listing particulars and information memorandum) or other document or announcement relating to a Guaranteed Liability or Guaranteed Programme issued by or on behalf of any Participating Institution shall be in the form required by the Guarantor or the Scheme Operator. 11.2 No Participating Institution shall opt to draw up a prospectus under Article 1(3) of Directive 2003/71/EC (or any implementing legislation in any Member State) in respect of any Guaranteed Liabilities. 11.3 Without prejudice to Rule 11.1, no Participating Institution (nor any other person or entity acting on its behalf) shall otherwise promote or market itself or any proposed Guaranteed Liability to be issued or to be taken by the Participating Institution on the basis of the Scheme. The foregoing shall not prevent a Participating Institution informing potential investors in a planned issue of Eligible Liabilities of its intention to apply for an Eligible Liability Guarantee Certificate or the existence of an Eligible Liability Guarantee Certificate or, in the case of a Guaranteed Deposit, confirming to the depositor that the relevant deposit is a Guaranteed Deposit.

Public Descriptions of Guarantor and Scheme. 11.1 The description of the Guarantor and the Scheme in any offering document (including, without limitation, any prospectus, offering circular, listing particulars and information memorandum) or other document or announcement relating to a Guaranteed Liability or Guaranteed Programme issued by or on behalf of any Participating Institution shall be in the form required by the Guarantor or the Scheme Operator. 11.2 No Participating Institution shall opt to draw up a prospectus under Article 1(3) of Directive 2003/71/EC (or any implementing legislation in any Member State) in respect of any Guaranteed Liabilities. 11.3 Without prejudice to Rule 11.1, no Participating Institution (nor any other person or entity acting on its behalf) shall otherwise promote or market itself or any proposed Guaranteed Liability to be issued or to be taken by the Participating Institution on the basis of the Scheme. The foregoing shall not prevent a Participating Institution informing potential investors in a planned issue of Eligible Liabilities of its intention to apply for an Eligible Liability Guarantee Certificate or the existence of an Eligible Liability Guarantee Certificate or, . in the case of a Guaranteed Deposit, confirming to the depositor that the relevant deposit is a Guaranteed Deposit.

Public Descriptions of Guarantor and Scheme. 11.1 The description of the Guarantor and the Scheme in any offering document (including, without limitation, any prospectus, offering circular, listing particulars and information memorandum) or other document or announcement relating to a Guaranteed Liability or Guaranteed Programme issued by or on behalf of any Participating Institution shall be in the form required by the Guarantor or the Scheme Operator. 11.2 No Participating Institution shall opt to draw up a prospectus under Article 1(3I(3) of Directive 2003/71/EC (or any implementing legislation in any Member State) in respect of any Guaranteed Liabilities. 11.3 Without prejudice to Rule 11.1, no Participating Institution (nor any other person or entity acting on its behalf) shall otherwise promote or market itself or any proposed Guaranteed Liability to be issued or to be taken by the Participating Institution on the basis of the Scheme. The foregoing shall not prevent a Participating Institution informing potential investors in a planned issue of Eligible Liabilities of its intention to apply for an Eligible Liability Guarantee Certificate or the existence of an Eligible Liability Guarantee Certificate or, in the case of a Guaranteed Deposit, confirming to the depositor that the relevant deposit is a Guaranteed Deposit.