Common use of Syndicated Drawdown Clause in Contracts

Syndicated Drawdown. where more than one Dealer has agreed with the Issuer to subscribe a particular Class or Sub-Class of Notes of a Series pursuant to this Clause 2 (Issuing Notes), unless otherwise agreed between the Issuer and the Relevant Dealers: (a) the obligations of the Relevant Dealers so to subscribe the relevant Notes shall be joint and several; and (b) in relation to such Notes the Issuer and the Relevant Dealers shall enter into a subscription agreement in the form or based on the form set out in Schedule 3 (Pro Forma Subscription Agreement) or such other form as may be agreed between the Issuer and the Relevant Dealers.

Syndicated Drawdown. where more than one Dealer has agreed with the Issuer to subscribe for a particular Class or Sub-Class of Notes of a Series pursuant to this Clause 2 (Issuing Notes), unless otherwise agreed between the Issuer and the Relevant Dealers: (a) the obligations of the Relevant Dealers so to subscribe for the relevant Notes shall be joint and severalseveral according to the respective percentage specified in the Relevant Agreement; and (b) in relation to such Notes Series, the Issuer and the Relevant Dealers shall enter into a subscription agreement in the form or based on the form set out in Schedule 3 (Pro Forma Subscription Agreement) or such other form as may be agreed between the Issuer and the Relevant Dealers.