Common use of Stabilization and Over-Allotment Clause in Contracts

Stabilization and Over-Allotment. Any over-allotment or stabilization transaction by the Underwriters in connection with the distribution of the Securities shall be effected by them on their own behalf and not as agents of EDC, and any gain or loss arising therefrom shall be for their own account. The Underwriters acknowledge that EDC has not been authorized to issue Securities in excess of the principal amount set forth in Schedule I hereto. The Underwriters also acknowledge that EDC has not authorized the carrying out by the Underwriters of stabilization transactions other than in conformity with applicable rules, including those made pursuant to the applicable United Kingdom legislation and Regulation M promulgated by the Commission (if applicable). EDC has not issued and will not issue, without the prior consent of the Representatives, any press or other public announcement in the European Economic Area or the United Kingdom referring to the proposed issue of the Securities unless the announcement adequately discloses the fact that stabilizing action may take place in relation to the Securities. EDC authorizes the Underwriter(s) acting as stabilizing agent(s) to make adequate public disclosure of the information and to act as the central point responsible for handling requests from any relevant competent authority in the European Economic Area or the United Kingdom, in each case as required by Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures or any other applicable rules or regulations.

Stabilization and Over-Allotment. Any over-allotment or stabilization transaction by the Underwriters in connection with the distribution of the Securities shall be effected by them on their own behalf and not as agents of EDCCanada, and any gain or loss arising therefrom shall be for their own account. The Underwriters acknowledge that EDC Canada has not been authorized to issue Securities in excess of the principal amount set forth in Schedule I hereto. The Underwriters also acknowledge that EDC Canada has not authorized the carrying out by the Underwriters of stabilization transactions other than in conformity with applicable rules, including those made pursuant to the applicable United Kingdom legislation and Regulation M promulgated by the Commission (if applicable). EDC Canada has not issued and will not issue, without the prior consent of the Representatives, any press or other public announcement in the European Economic Area or the United Kingdom referring to the proposed issue of the Securities unless the announcement adequately discloses the fact that stabilizing action may take place in relation to the Securities. EDC Canada authorizes the Underwriter(s) acting as stabilizing agent(s) to make adequate public disclosure of the information and to act as the central point responsible for handling requests from any relevant competent authority in the European Economic Area or the United KingdomArea, in each case as required by Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures or any other applicable rules or regulations.

Stabilization and Over-Allotment. Any over-allotment or stabilization transaction by the Underwriters in connection with the distribution of the Securities shall be effected by them on their own behalf and not as agents of EDCCanada, and any gain or loss arising therefrom shall be for their own account. The Underwriters acknowledge that EDC Canada has not been authorized to issue Securities in excess of the principal amount set forth in Schedule I hereto. The Underwriters also acknowledge that EDC Canada has not authorized the carrying out by the Underwriters of stabilization transactions other than in conformity with applicable rules, including those made pursuant to the applicable United Kingdom legislation and Regulation M promulgated by the Commission (if applicable). EDC Canada has not issued and will not issue, without the prior consent of the Representatives, any press or other public announcement in the European Economic Area or the United Kingdom referring to the proposed issue of the Securities unless the announcement adequately discloses the fact that stabilizing action may take place in relation to the Securities. EDC Canada authorizes the Underwriter(s) acting as stabilizing agent(s) to make adequate public all appropriate disclosure of the information relating to stabilization and to act as the central point responsible for handling requests any request from any a relevant competent authority in the European Economic Area or the United KingdomArea, in each case as required by Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures or any other applicable rules or regulations.

Stabilization and Over-Allotment. Any over-allotment or stabilization transaction by the Underwriters in connection with the distribution of the Securities shall be effected by them on their own behalf and not as agents of EDCCanada, and any gain or loss arising therefrom shall be for their own account. The Underwriters acknowledge that EDC Canada has not been authorized to issue Securities in excess of the principal amount set forth in Schedule I hereto. The Underwriters also acknowledge that EDC Canada has not authorized the carrying out by the Underwriters of stabilization transactions other than in conformity with applicable rules, including those made pursuant to the applicable United Kingdom legislation and Regulation M promulgated by the Commission (if applicable). EDC Canada has not issued and will not issue, without the prior consent of the Representatives, any press or other public announcement in the United Kingdom or the European Economic Area or the United Kingdom referring to the proposed issue of the Securities unless the announcement adequately discloses the fact that stabilizing action may take place in relation to the Securities. EDC Canada authorizes the Underwriter(s) acting as stabilizing agent(s) to make adequate public all appropriate disclosure of the information relating to stabilization and to act as the central point responsible for handling requests any request from any relevant a competent authority in the European Economic Area or the United Kingdomauthority, in each case as required by Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 and Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures or any other applicable rules or regulations.

Stabilization and Over-Allotment. Any over-allotment or stabilization transaction by the Underwriters in connection with the distribution of the Securities shall be effected by them on their own behalf and not as agents of EDC, and any gain or loss arising therefrom shall be for their own account. The Underwriters acknowledge that EDC has not been authorized to issue Securities in excess of the principal amount set forth in Schedule I hereto. The Underwriters also acknowledge that EDC has not authorized the carrying out by the Underwriters of stabilization transactions other than in conformity with applicable rules, including those made pursuant to the applicable United Kingdom legislation and Regulation M promulgated by the Commission (if applicable). EDC has not issued and will not issue, without the prior consent of the Representatives, any press or other public announcement in the United Kingdom or the European Economic Area or the United Kingdom referring to the proposed issue of the Securities unless the announcement adequately discloses the fact that stabilizing action may take place in relation to the Securities. EDC authorizes the Underwriter(s) acting as stabilizing agent(s) to make adequate public disclosure of the information and to act as the central point responsible for handling requests from any relevant competent authority in the European Economic Area or the United Kingdomauthority, in each case as required by Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 and Article 6(5) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 as it forms part of UK domestic law by virtue of the EUWA, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures or any other applicable rules or regulations.