Subscription of the Covered Bonds. The Issuer hereby agrees to issue and sell the Covered Bonds in accordance with the provisions of the Dealership Agreement as supplemented and amended by this Agreement and the Agency Agreement and the Managers severally and not jointly agree with the Issuer to subscribe for the [Covered Bonds] [percentage of the principal amount of Covered Bonds opposite their respective names set forth in Annex 1 attached hereto and made a part hereof] in same day funds on [ ] or such other date not being later than [ ] as shall be agreed by the Issuer and the Lead Manager(s) acting on behalf of the Managers (the “Issue Date”) at their issue price of [ ] per cent. of their principal amount plus (if the Issue Date is postponed) any accrued interest in respect thereof, [less a selling commission of [ ] per cent. of the principal amount of the Covered Bonds (plus any applicable value added tax) less a combined management and underwriting commission of [ ] per cent. of the principal amount of the Covered Bonds (plus any applicable value added tax) and less the amount which the Issuer has agreed to pay to the Lead Manager(s) in respect of certain expenses pursuant to Clause [5/6] below (each of which the Issuer agrees to pay to the Lead Manager(s) on behalf of the Managers and authorizes the deduction thereof from the subscription moneys payable to the Issuer on the Issue Date), against delivery of the Covered Bonds, duly executed on behalf of the Issuer in the manner contemplated by the Agency Agreement, in the form agreed between the Issuer and the Lead Manager(s) (on behalf of the Managers).
Subscription of the Covered Bonds. The Issuer hereby agrees to issue and sell the Covered Bonds in accordance with the provisions of this Agreement, the Dealership Agreement and the Agency Agreement and the Managers severally and not jointly agree with the Issuer on the basis of the representations, warranties and agreements herein contained and subject to the terms and conditions set forth herein to subscribe for the principal amount of Covered Bonds opposite their respective names set forth in Annex I attached hereto and made a part hereof in same day funds on [ ] or such other date not being later than [ ] as shall be agreed by the Issuer and the Lead Managers acting on behalf of the Managers (the “Issue Date”) at their issue price of [ ] per cent of their principal amount plus (if the Issue Date is postponed) any accrued interest in respect thereof, less a combined management and underwriting commission of [ ] per cent. of the principal amount of the Covered Bonds, which the Issuer authorizes the deduction thereof from the subscription moneys payable to the Issuer on the Issue Date), against delivery of the Covered Bonds, duly executed on behalf of the Issuer in the manner contemplated by the Agency Agreement, in the form agreed between the Issuer and the Lead Managers (on behalf of the Managers).
Subscription of the Covered Bonds. (a) The Issuer hereby agrees to issue and sell the Covered Bonds in accordance with the provisions of this Agreement, the Dealership Agreement and the Agency Agreement and the Managers jointly and severally agree with the Issuer to subscribe for the Covered Bonds in same day funds on [ ] or such other date not being later than [ ] as shall be agreed by the Issuer and the Lead Manager acting on behalf of the Managers (the “Issue Date”) at their issue price of [ ] per cent. of their principal amount plus (if the Issue Date is postponed) any accrued interest in respect thereof, less a selling commission of [ ] per cent. of the principal amount of the Covered Bonds (plus any applicable value added tax) and a combined management and underwriting commission of [ ] per cent. of the principal amount of the Covered Bonds (plus any applicable value added tax) [and less the amount which the Issuer has agreed to pay to the Lead Manager in respect of certain expenses pursuant to Clause [5/6] below (each of which the Issuer agrees to pay to the Managers [or, as the case may be, the Lead Manager] and authorizes the deduction thereof from the subscription moneys payable to the Issuer on the Issue Date)], against delivery of the Covered Bonds, duly executed on behalf of the Issuer in the manner contemplated by the Agency Agreement, in the form agreed between the Issuer and the Lead Manager (on behalf of the Managers).
(b) The Issuer and the Guarantor confirm that they have approved the final terms (the “Final Terms”) dated [ ] in connection with the issue of the Covered Bonds and have authorized the Managers to distribute copies of the Prospectus and the Final Terms and any other documents prepared in connection with the Programme and the issue of the Covered Bonds, in connection with the offering and sale of the Covered Bonds.
