Common use of Changes in Dealers Clause in Contracts

Changes in Dealers. 7.01 The Issuer may: (a) by thirty days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings contained in paragraphs (t) and (x) of Clause 3.03 only if such Dealer requests the benefit of such undertakings, in which case the Dealer shall have the benefit of such undertakings to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (p), (r), (s), (u), (v), (z) and (aa) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 8.1 The Issuer and/or ABB Ltd may: (a) by thirty ten days’ notice in writing to any Dealer, terminate the right of such Dealer to remain a Dealer under this Agreement in relation to such Dealer (but without prejudice to any rights rights, liabilities, duties or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to the validity of any Relevant Agreementexisting agreement for the sale and purchase of any Instruments); and/or (b) nominate any reputable institution institution, which may include the Issuer and/or ABB Ltd, as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular TrancheTranche of Instruments, in which event, event upon the confirmation execution by such institution of a letter in the terms or substantially supplemental agreement in the terms set out in Schedule 3 to this Agreement or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, other parties hereto such institution shall, subject as provided below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, hereunder either generally in respect of the Programme or in relation to a particular Tranche of Instruments provided further always that an institution which has become a Dealer in relation to a particular Tranche only of Instruments shall have not be entitled to the benefit of the undertakings of the Issuer and ABB Ltd contained in Clause 3.3 and Clause 5.1, except for those contained in paragraphs (ta), (f)(ii) and (xiii), (g), (h), (i) and (k) of Clause 3.03 only if such Dealer requests the benefit of such undertakings, in which case the Dealer shall have the benefit of such undertakings to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (p), (r), (s), (u), (v), (z) and (aa) of Clause 3.03 3.3 and the benefit provisions of Section 8 only up Clauses 8, 9 and 10 shall not apply to and including the Issue Date of the relevant Tranche of Covered Bondsany such Dealer. 7.02 8.2 Any Dealer may, by thirty ten days’ written notice to the IssuerIssuer and ABB Ltd, resign as a Dealer under this Agreement (but without prejudice to any rights rights, liabilities, duties or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreementexisting agreement for the sale and purchase of any Instruments). 7.03 8.3 The Issuer or ABB Ltd will notify existing the Dealers appointed generally in respect of the Programme and the Issuing and Paying Fiscal Agent of any change in the identity of other the Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 9.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Sections 4.01 or 4.02 of this Agreement, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings contained in paragraphs subsections (tf), (h) and (xl) of Clause 3.03 only if such Dealer requests the benefit of such undertakings, in which case the Dealer shall have the benefit of such undertakings to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (p), (r), (s), (u), (v), (z) and (aa) of Clause 3.03 Section 3.04 and the benefit of Section 8 10 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 9.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 9.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 8.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees to be indemnified pursuant to paragraph (a) of Section 4.01 of this Agreement, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings contained in paragraphs subsections (td), (f) and (xj) of Clause 3.03 only if such Dealer requests the benefit of such undertakings, in which case the Dealer shall have the benefit of such undertakings to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (p), (r), (s), (u), (v), (z) and (aa) of Clause 3.03 Section 3.04 and the benefit of Section 8 9 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 8.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 8.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 9.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Section 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xg) of Clause Section 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses subsections (pf), (r), (s), (u), (v), (zh) and (aal) of Clause Section 3.03 and the benefit of Section 8 10 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 9.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 9.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 8.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Part I or Part II of Schedule 7 7, as applicable, or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 9 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 8.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 8.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 9.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Section 3.03 or Section 5.11, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xf) of Clause Section 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses subsections (pe), (r), (s), (u), (v), (zg) and (aal) of Clause Section 3.03 and the benefit of Section 8 10 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 9.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 9.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 9.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Section 3.03 or Section 5.11, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xf) of Clause Section 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses subsections (pe), (r), (s), (u), (v), (zg) and (aai) of Clause Section 3.03 and the benefit of Section 8 10 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 9.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 9.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 8.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Part I or Part II of Schedule 7 7, as applicable, or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 9 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 8.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 8.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. ‌ 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of‌ such terminated Dealer to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds.Bonds.‌ 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 ‌ 8.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees to be indemnified pursuant to paragraph (a) of Sections 4.01 or 4.02 of this Agreement, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement; and (ii) the validity of any Relevant Agreement; and/orand/or‌ (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, event,‌ upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xa) of Clause 3.03 Sections 4.01 or 4.02 of this Agreement, as applicable only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses subsections (pc), (r), (s), (u), (v), (ze) and (aai) of Clause 3.03 Section 3.04 and the benefit of Section 8 9 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 8.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 8.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Part I or Part II of Schedule 7 7, as applicable, or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. ‌ 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 9.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Section 3.03 or Section 5.11, as applicable, with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xf) of Clause Section 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses subsections (pe), (r), (s), (u), (v), (zg) and (aai) of Clause Section 3.03 and the benefit of Section 8 10 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 9.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 9.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.the

Changes in Dealers. 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer to be indemnified pursuant to paragraph (i) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aai) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. ‌ 7.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer (including such Dealer’s capacity as Arranger, as applicable) but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/orand/or‌ (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Schedule 7 or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 only up to and including the Issue Date of the relevant Tranche of Covered Bonds.Bonds.‌ 7.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement. 7.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arranger, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.

Changes in Dealers. 7.01 8.01 The Issuer maymay without the consent of any third parties: (a) by thirty 30 days’ notice in writing to any Dealer, terminate this Agreement in relation to such Dealer but without prejudice to any rights or obligations accrued or incurred on or before the effective date of termination and in particular without prejudice to (i) the rights of such terminated Dealer and each of its officers, directors or employees and each person by whom it is controlled for the purposes of the Securities Act to be indemnified pursuant to paragraph (a) of Clause 3.03 with respect only to those matters that occurred or were in existence while such terminated Dealer was a Dealer pursuant to this Agreement and which rights to indemnity shall terminate on the date that is two years after the effective date of termination; and (ii) the validity of any Relevant Agreement; and/or (b) nominate any reputable institution as a new Dealer hereunder either generally in respect of the Programme or only in relation to a particular Tranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 3 or pursuant to an agreement in or substantially in the form of Part I or Part II of Schedule 7 7, as applicable, or on any other terms acceptable to the Issuer and such institution, such institution shall, subject as provided to the limitations set out below, become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer hereunder, ; provided further that an institution which has become a Dealer in relation to a particular Tranche only shall have the benefit of the undertakings undertaking contained in paragraphs paragraph (t) and (xi) of Clause 3.03 only if such Dealer requests the benefit of such undertakingsundertaking, in which case the Dealer shall have the benefit of such undertakings undertaking to the extent so requested, and shall have the benefit of the undertakings contained in subclauses (ph), (r), (s), (u), (v), (zj) and (aan) of Clause 3.03 and the benefit of Section 8 9 only up to and including the Issue Date of the relevant Tranche of Covered Bonds. 7.02 8.02 Any Dealer may, by thirty 30 days’ written notice to the Issuer, resign as a Dealer under this Agreement but without prejudice to any rights or obligations accrued or incurred on or before the effective date of resignation and in particular the validity of any Relevant Agreement.or 7.03 8.03 The Issuer will notify existing Dealers appointed generally in respect of the Programme Programme, the Arrangers, the Bond Trustee and the Issuing and Paying Agent of any change in the identity of other Dealers appointed generally in respect of the Programme as soon as reasonably practicable thereafter.