Common use of Substitution of the Issuer Clause in Contracts

Substitution of the Issuer. The Issuer may, without the consent of any Noteholder or Couponholder, substitute for itself any other body corporate incorporated in any country in the world which is a Permitted Entity as the debtor in respect of the Notes, any Coupons, the Deed of Covenant, the Noteholders Agency Agreement and the Agency Agreement (the "Substituted Debtor") upon notice by the Issuer and the Substituted Debtor to be given in accordance with Condition 13, provided that:

Substitution of the Issuer. The Issuer may, without the consent of any Noteholder or Couponholder, substitute for itself any other body corporate incorporated in any country in the world which is a Permitted Entity as the debtor in respect of the Notes, any Coupons, the Deed of Covenant, the Alpha Bank Noteholders Agency Agreement (as defined in Condition 18 below), in the case of an issue of Alpha Bank Notes, and the Agency Agreement (the "“Substituted Debtor"”) upon notice by the Issuer and the Substituted Debtor to be given in accordance with Condition 1316, provided that: