Common use of Sub-underwriting Clause in Contracts

Sub-underwriting. OUB shall be at liberty to sub-underwrite its underwriting obligations under this Agreement upon such terms and conditions as set out in a letter dated [17th September, 199] from OUB to the Company. Citicorp shall not sub-underwrite its underwriting obligations under this Agreement.

Sub-underwriting. OUB shall be at liberty to sub-underwrite its underwriting obligations under this Agreement upon such terms and conditions as set out in a letter dated [17th September, 199] 1999 from OUB the Managers to the Company. Citicorp shall be at liberty to sub-underwrite its underwriting obligations under this Agreement provided that Citicorp shall not sub-underwrite its underwriting obligations under this Agreementto any financial institution other than Citibank, N.A. or any of its affiliates without seeking clearance from OUB.