Common use of CSD REGISTER AND ACCOUNT OPERATOR Clause in Contracts

CSD REGISTER AND ACCOUNT OPERATOR. If the Company is a CSD Company and it chooses to enter the Warrants in the VPC system, Euroclear will register the Warrants in a CSD register under the Financial Instruments Accounts Act (1998:1479), no Warrant certificates being issued. The Warrants will be registered on behalf of the Holder in an account in the Company’s CSD register. Where applicable, the Company undertakes to appoint an Account Operator before the day the Company becomes a CSD Company, to be responsible for registration in CSD registers due to measures under the paragraph above and Sections 4 to 6. Registrations concerning Warrants due to Sections 4 and 6 will be carried out by the Account Operator. Other registrations regarding the account may be made either by the Account Operator or another account operator.

CSD REGISTER AND ACCOUNT OPERATOR. If the Company is a CSD Company and it chooses to enter the Warrants in the VPC system, Euroclear will register the Warrants in a CSD register under the Financial Instruments Accounts Act (1998:1479), no Warrant certificates being issued. The Warrants will be registered on behalf of the Holder in an account in the Company’s CSD register. Where applicable, the Company undertakes to appoint an Account Operator before the day the Company becomes a CSD Company, to be responsible for registration in CSD registers due to measures under the paragraph above and Sections 4 16 to 618. Registrations concerning Warrants due to Sections 4 and 6 will be carried out by the Account Operator. Other registrations regarding the account may be made either by the Account Operator or another account operator.