Common use of Representation Clause in Contracts

Representation. If the provisions of the Masse are specified as applicable in the applicable Final Terms, the below provisions will apply: The names and addresses of the initial Representative of the Masse and its alternate will be set out in the relevant Final Terms. The Representative appointed in respect of the first tranche of any series of French Law Securities will be the representative of the single Masse of all Tranches in such Series. The Representative will be entitled to such remuneration in connection with its functions or duties as set out in the relevant Final Terms. In the event of death, retirement or revocation of appointment of the Representative, such Representative will be replaced by another Representative. In the event of the death, retirement or revocation of appointment of the alternate Representative, an alternate will be elected by the general meeting of the Holders. The place where a general meeting shall be held will be set out in the notice convening such general meeting. If the provisions of the Masse are specified as not applicable in the applicable Final Terms, Holders shall not be represented by any representative of such body.

Representation. If the provisions of the Masse are specified as applicable in the applicable Final Terms, the below provisions will apply: The names and addresses of the initial Representative of the Masse and its alternate will be set out in the relevant Final Terms. The Representative appointed in respect of the first tranche of any series of French Law Securities will be the representative of the single Masse of all Tranches in such Series. The Representative will be entitled to such remuneration in connection with its functions or duties as set out in the relevant Final Terms. In the event of death, retirement or revocation of appointment of the Representative, such Representative will be replaced by another Representative. In the event of the death, retirement or revocation of appointment of the alternate Representative, an alternate will be elected by the general meeting of the Holders. The place where a general meeting shall be held will be set out in the notice convening such general meeting. If the provisions of the Masse are specified as not applicable in the applicable Final Terms, Holders shall not be represented by any representative of such body.