Common use of Stabilisation Clause in Contracts

Stabilisation. 20.1 In connection with the distribution of any Notes, the Dealer (if any) designated as the stabilising manager (the Stabilising Manager) in the applicable Final Terms may over-allot Notes or effect transactions which stabilise or maintain the market price of the Notes at a level which might not otherwise prevail. Any Stabilising Manager will not in doing so be deemed to act as an agent of the Issuer and is authorised by the Issuer to make all appropriate disclosure in relation to any such action. 20.2 Any stabilising action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the relevant Tranche of Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the relevant Tranche of Notes and 60 days after the date of the allotment of the relevant Tranche of Notes. Any loss resulting from over-allotment and stabilisation shall be borne, and any net profit arising therefrom shall be retained, by the Stabilising Manager for its own account. Any stabilisation action or over-allotment will be conducted in accordance with all applicable laws and regulations.

Stabilisation. 20.1 In connection with the distribution of any Notes, the Dealer (if any) designated as the stabilising stabilisation manager (the Stabilising Stabilisation Manager) in the applicable Final Terms may over-allot Notes or effect transactions which stabilise or maintain the market price of the Notes at a level which might not otherwise prevail. Any Stabilising Stabilisation Manager will not in doing so be deemed to act as an agent of the Issuer and is authorised by the Issuer to make all appropriate disclosure in relation to any such action. 20.2 Any stabilising stabilisation action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the relevant Tranche of Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the relevant Tranche of Notes and 60 days after the date of the allotment of the relevant Tranche of Notes. Any loss resulting from over-allotment and stabilisation shall be borne, and any net profit arising therefrom shall be retained, by the Stabilising Stabilisation Manager for its own account. Any stabilisation action or over-allotment will be conducted in accordance with all applicable laws and regulations.