Common use of Financial Services Act Clause in Contracts

Financial Services Act. Each Underwriter represents and warrants to, and agrees with, the Series Obligors and ABS that (w) it has complied and shall comply with all applicable provisions of the Financial Services Act 0000 xxx the Public Offers of Securities Regulations 1995 (the "Regulations") with respect to anything done by it in relation to the Offered Notes in, from or otherwise involving the United Kingdom; (x) it has only issued or passed on and shall only issue or pass on in the United Kingdom any document received by it in connection with the issue of the Offered Notes to a person who is of a kind described in Article 9(3) of the Financial Services Act 0000 (Xxvestment Advertisements) (Exemptions) Order 1995 or who is a person to whom the document may otherwise lawfully be issued or passed on; (y) it has not offered or sold and, during the period of six months from the date hereof, will not offer or sell any Offered Notes to persons in the United Kingdom except to persons whose ordinary activities involve them in acquiring, holding, managing, or disposing of investments (as principal or agent) for the purposes of their businesses or otherwise in circumstances which have not resulted and will not result in an offer to the public in the United Kingdom within the meaning of the Regulations.

Financial Services Act. Each Underwriter represents and warrants to, and agrees with, the Series Obligors Transferor and ABS the Bank that (w) it has complied and shall comply with all applicable provisions of the Financial Services Act Xxx 0000 xxx and the Public Offers of Securities Regulations 1995 (the "RegulationsREGULATIONS") with respect to anything done by it in relation to the Offered Notes in, from or otherwise involving the United Kingdom; (x) it has only issued or passed on and shall only issue or pass on in the United Kingdom any document received by it in connection with the issue of the Offered Notes to a person Person who is of a kind described in Article 9(311(3) of the Financial Services Act Xxx 0000 (Xxvestment Investment Advertisements) (Exemptions) Order 1995 1996 or who is a person Person to whom the document may otherwise lawfully be issued or passed on; (y) it has not offered or sold and, during the period of six months from the date hereof, will not offer or sell any Offered Notes Note to persons Persons in the United Kingdom except to persons Persons whose ordinary activities involve them in acquiring, holding, managing, or disposing of investments (as principal or agent) for the purposes of their businesses or otherwise in circumstances which have not resulted and will not result in an offer to the public in the United Kingdom within the meaning of the Regulations.