Common use of Drawdown Prospectus Clause in Contracts

Drawdown Prospectus. The settlement procedures set out in Schedule 1 (Settlement Procedures for Non- Syndicated Issues of Notes) and Schedule 2 (Settlement Procedures for Syndicated Issues of Notes) do not contemplate issuance pursuant to a Drawdown Prospectus. If in the case of the issuance of any Notes a Drawdown Prospectus needs to be approved and published before the Issue Date, note that Article 20.2 of the UK Prospectus Regulation gives the competent authority 10 working days to comment upon a draft submitted to it. In the case of an Issuer which has not previously offered securities to the public in a member state or had its securities admitted to trading on a regulated market, this is increased to 20 working days by Article 20.3.

Drawdown Prospectus. The settlement procedures set out in Schedule Schedules 1 (Settlement Procedures for Non- Syndicated Issues of Notes) and Schedule 2 (Settlement Procedures for Syndicated Issues of Notes) do not contemplate issuance pursuant to a Drawdown Prospectus. If in the case of the issuance of any Notes a Drawdown Prospectus needs to be approved and published before the Issue Date, note that Article 20.2 20(2) of the UK Prospectus Regulation gives the competent authority 10 working days to comment upon a draft submitted to it. In the case of an Issuer which has not previously offered securities to the public in a member state or had its securities admitted to trading on a regulated market, this is increased to 20 working days by Article 20.320(3).