Common use of Representation Clause in Contracts

Representation. In respect of any series of French Law Certificates, Holders shall not be grouped automatically for the defence of their common interests in a masse constituting a separate legal body and governed by the provisions of Articles L.228-46 et seq of the French Code de commerce. Consequently, the Holders shall not be represented by any representative of such body. However, general meetings of Holders (a "General Meeting") may be convened to consider some matters relating to any series of Certificates as provided hereunder.

Representation. In respect of any series of French Law CertificatesWarrants, Holders shall not be grouped automatically for the defence of their common interests in a masse constituting a separate legal body and governed by the provisions of Articles L.228-46 et seq of the French Code de commerce. Consequently, Consequently the Holders shall not be represented by any representative of such body. However, general meetings of Holders (a "General Meeting") may be convened to consider some matters relating to any series of Certificates French Law Warrants as provided hereunder.

Representation. In respect of any series of French Law CertificatesSecurities, Holders shall not be grouped automatically for the defence of their common interests in a masse constituting a separate legal body and governed by the provisions of Articles L.228-46 et seq of the French Code de commerce. Consequently, Consequently the Holders shall not be represented by any representative of such body. However, general meetings of Holders (a "General Meeting") may be convened to consider some matters relating to any series of Certificates French Law Securities as provided hereunder.