Common use of Notices Clause in Contracts

Notices. All notices to Holders shall be valid if (a) in the case of Global Certificates represented by a Global Certificate (other than Certificates represented by a Rule 144A Global Certificate held by a Custodian on behalf of DTC) and Italian Dematerialised Certificates, delivered to the relevant Clearing System (in the case of English Law Certificates) or the relevant Account Holder (in the case of French Law Certificates) for communication by them to the Holders, (b) so long as the Certificates are listed on a stock exchange (in the case of Italian Listed Certificates such notices shall be published by Borsa Italiana S.p.A.), in accordance with the rules and regulations of the relevant stock exchange, (c) in the case of Certificates represented by a Rule 144A Global Certificate held by a Custodian on behalf of DTC, to DTC for communication by it to the Holders and any such notices shall be conclusively presumed to have been received by the Holders, (d) in the case of Certificates represented by Private Placement Definitive Certificates, mailed to their registered addresses appearing in the Private Placement Register, or (e) in the case of VPC Certificates, mailed to VPC in accordance with the SFIA Act and the VPC rules. If the Certificates are listed and admitted to trading on the EuroMTF Market of the Luxembourg Stock Exchange, and so long as the rules of the Luxembourg Stock Exchange so require, notices shall be made available on the website of the Luxembourg Stock Exchange ("xxx.xxxxxx.xx"). Any such notice shall be deemed to have been given on the second Business Day following such delivery or, if earlier, the date of such publication or, if published more than once, on the date of the first such publication.