Common use of Further Undertakings Clause in Contracts

Further Undertakings. (a) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 18.1 (ii) and/or Article 24.1 of the Collateral Management Service Agreements for Collateral Givers, with respect to, or affecting the functioning of, a CmaX ISA Direct Luxembourg Pledged Securities Account, as long as: (i) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg Pledged Securities Account have not been satisfied in full; and (ii) the release of the Pledge over the Relevant Pledged Assets to the CmaX ISA Direct Luxembourg Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full. (b) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 24.3 of the Collateral Management Service Agreements as long as: (i) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg Pledged Securities Accounts (as well as all other outstanding secured liabilities of the Pledgor vis-à-vis the Pledgee involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements) have not been satisfied in full; and (ii) the release of all pledges in favour of the Pledgee over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg Pledged Securities Accounts and any other pledges involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements has not been irrevocably granted by the Pledgee to the Pledgor in full. (c) If the Third-Party Pledge Holder is not the Collateral Giver, it acknowledges and accepts that: (i) it shall not be entitled to serve any notification on CBL to close a CmaX ISA Direct Luxembourg Pledged Securities Account, as long as: (a) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg Pledged Securities Account have not been satisfied in full, and (b) the release of all pledges over the Relevant Pledged Assets to that CmaX ISA Direct Luxembourg Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full; and (ii) it shall not be entitled to serve any notification on CBL to terminate their business relationship as long as: (a) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg Pledged Securities Accounts have not been satisfied in full, and (b) the release of all pledges in favour of the Pledgee over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg Pledged Securities Accounts, has not been irrevocably granted by the Pledgee to the Pledgor in full.

Further Undertakings. (a) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 18.1 (ii) and/or Article 24.1 of the Collateral Management Service Agreements for Collateral Givers, with respect to, or affecting the functioning of, a CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account, as long as: (i) all outstanding Relevant Secured Liabilities connected with that CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account have not been satisfied in full; and (ii) the release of the Pledge over the Relevant Pledged Assets to the CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full. (b) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 24.3 of the Collateral Management Service Agreements as long as: (i) all outstanding Relevant Secured Liabilities connected with all CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Accounts (as well as all other outstanding secured liabilities of the Pledgor vis-à-vis the Pledgee involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements) have not been satisfied in full; and (ii) the release of all pledges in favour of the Pledgee over the Relevant Pledged Assets to all CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Accounts and any other pledges involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements has not been irrevocably granted by the Pledgee to the Pledgor in full. (c) If the Third-Party Pledge Holder is not the Collateral Giver, it acknowledges and accepts that: (i) it shall not be entitled to serve any notification on CBL to close a CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account, as long as: (a) all outstanding Relevant Secured Liabilities connected with that CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account have not been satisfied in full, and (b) the release of all pledges over the Relevant Pledged Assets to that CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full; and (ii) it shall not be entitled to serve any notification on CBL to terminate their business relationship as long as: (a) all outstanding Relevant Secured Liabilities connected with all CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Accounts have not been satisfied in full, and (b) the release of all pledges in favour of the Pledgee over the Relevant Pledged Assets to all CmaX GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Accounts, has not been irrevocably granted by the Pledgee to the Pledgor in full.

Further Undertakings. (a) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 18.1 (ii) and/or Article 24.1 of the Collateral Management Service Agreements for Collateral Givers, with respect to, or affecting the functioning of, a CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account, as long as: (i) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account have not been satisfied in full; and (ii) the release of all pledges (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to the CmaX ISA Direct Luxembourg that CBL GC Pooling Re-use Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full. (b) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 24.3 of the Collateral Management Service Agreements as long as: (i) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts (as well as all other outstanding secured liabilities of the Pledgor vis-à-vis the Pledgee involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements) have not been satisfied in full; and (ii) the release of all pledges in favour of the Pledgee (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts and any other pledges involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements has not been irrevocably granted by the Pledgee to the Pledgor in full. (c) If the Third-Party Pledge CM Account Holder is not the Collateral Giver, it acknowledges and accepts that: (i) it shall not be entitled to serve any notification on CBL to close a CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account, as long as: (a) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account have not been satisfied in full, and (b) the release of all pledges (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full; and (ii) it shall not be entitled to serve any notification on CBL to terminate their business relationship as long as: (a) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts have not been satisfied in full, and (b) the release of all pledges in favour of the Pledgee (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts, has not been irrevocably granted by the Pledgee to the Pledgor in full.

Further Undertakings. (a) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 18.1 (ii) and/or Article 24.1 of the Collateral Management Service Agreements for Collateral Givers, with respect to, or affecting the functioning of, a CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account, as long as: (i) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account have not been satisfied in full; and (ii) the release of all pledges (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to the CmaX ISA Direct Luxembourg that CBL GC Pooling Re-use Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full. (b) The Collateral Giver shall not be entitled to serve any notification on CBL on the basis of Article 24.3 of the Collateral Management Service Agreements as long as: (i) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts (as well as all other outstanding secured liabilities of the Pledgor vis-à-vis the Pledgee involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements) have not been satisfied in full; and (ii) the release of all pledges in favour of the Pledgee (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts and any other pledges involving accounts maintained with, or managed by, CBL under the terms of the Collateral Management Service Agreements has not been irrevocably granted by the Pledgee to the Pledgor in full. (c) If the Third-Party Pledge Account Holder is not the Collateral Giver, it acknowledges and accepts that: (i) it shall not be entitled to serve any notification on CBL to close a CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account, as long as: (a) all outstanding Relevant Secured Liabilities connected with that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account have not been satisfied in full, and (b) the release of all pledges (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to that CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Account has not been irrevocably granted by the Pledgee to the Pledgor in full; and (ii) it shall not be entitled to serve any notification on CBL to terminate their business relationship as long as: (a) all outstanding Relevant Secured Liabilities connected with all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts have not been satisfied in full, and (b) the release of all pledges in favour of the Pledgee (including any Previous Pledge, the Pledge and any Permitted Pledge) over the Relevant Pledged Assets to all CmaX ISA Direct Luxembourg CBL GC Pooling Re-use Pledged Securities Accounts, has not been irrevocably granted by the Pledgee to the Pledgor in full.