Common use of Limitations on Notes Clause in Contracts

Limitations on Notes. (a) The Closing Date must occur during the Availability Period for Series A, and the Issuer must issue each of Series A and Series B in full on the Closing Date. (b) The Issuer may not issue Notes in respect of any Incremental Notes Series unless: (i) it has complied with paragraph (a) above and Clause 27.39 (Conditions subsequent to Closing Date Subscriptions); and (ii) Series C has been fully subscribed (or will be fully subscribed together with that utilisation of the Incremental Notes Series). (c) The Series A Issue Date and the first Series B Issue Date shall be the same date.