Common use of Status of the Notes Clause in Contracts

Status of the Notes. The Notes of each Tranche constitute unconditional and unsubordinated obligations of the Issuer and rank pari passu with all other outstanding unsubordinated obligations of the Issuer that have been provided equivalent priority of claim to covered bonds (obligasjoner med fortrinnsrett) issued in accordance with the terms of the Act.

Status of the Notes. The Each Tranche of Notes of each Tranche will constitute unconditional and unsubordinated obligations of the Issuer and rank pari passu among themselves and with (i) all other outstanding unsubordinated obligations of the Issuer that have been provided equivalent priority of claim to the Cover Pool as covered bonds (obligasjoner med fortrinnsrett) issued in accordance with the terms of the ActAct and the Regulations and (ii) the rights of providers of Covered Bond Swaps.

Status of the Notes. The Notes of each Tranche constitute unconditional and unsubordinated obligations of the Issuer and rank pari passu among themselves and with (i) all other outstanding unsubordinated obligations of the Issuer that have been provided equivalent priority of claim to the Cover Pool as covered bonds (obligasjoner med fortrinnsrett) issued in accordance with the terms of the ActAct and the Regulations and (ii) the rights of providers of Covered Bond Swaps.