Common use of Local Qualification Clause in Contracts

Local Qualification. It is not necessary under the laws of The Netherlands (i) to enable the Underwriters to enforce their rights under this Agreement or any other document or instrument to be furnished hereunder, to enable any holder of Offered Securities to enforce their respective rights thereunder or any other document or instrument to be furnished thereunder, provided that they are not otherwise engaged in business in The Netherlands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement or the offering or sale by the Selling Shareholder of the Offered Securities, for any of the Underwriters or any holder of Offered Securities or the Company to be licensed, qualified or entitled to carry out business in The Netherlands.

Local Qualification. It is not necessary under the laws of The Netherlands (i) to enable the Underwriters to enforce their rights under this Agreement or any other document or instrument to be furnished hereunder, to enable any holder of Offered Securities to enforce their respective rights thereunder under the Indenture, the Securities or any other document or instrument to be furnished thereunder, provided that they are not otherwise engaged in business in The Netherlands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement the Transaction Documents or the offering or sale by the Selling Shareholder of the Offered Securities, for any of the Underwriters or Underwriters, any holder of Offered Securities or the Company or the Issuer to be licensed, qualified or entitled to carry out business in The Netherlands.

Local Qualification. It is not necessary under the laws of The Netherlands (i) to enable the Underwriters to enforce their rights under this Agreement or any other document or instrument to be furnished hereunder, to enable any holder of Offered Securities to enforce their respective rights thereunder under the Indenture, the Securities or any other document or instrument to be furnished thereunder, provided that they are not otherwise engaged in business in The Netherlands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement the Transaction Documents or the offering or sale by the Selling Shareholder of the Offered Securities, for any of the Underwriters or Underwriters, any holder of Offered Securities or the Company or the Issuer to be licensed, qualified or entitled to carry out business in The Netherlands.

Local Qualification. It is not necessary under the laws of The Netherlands (i) to enable the Underwriters Underwriter to enforce their rights under this Agreement or any other document or instrument to be furnished hereunder, to enable any holder of Offered Securities to enforce their respective rights thereunder or any other document or instrument to be furnished thereunder, provided that they are not otherwise engaged in business in The Netherlands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement or the offering or sale by the Selling Shareholder Company of the Offered Securities, for any of the Underwriters Underwriter or any holder of Offered Securities or the Company to be licensed, qualified or entitled to carry out business in The Netherlands.

Local Qualification. It is not necessary under the laws of The Netherlands (i) to enable the Underwriters to enforce their rights under this Agreement or any other document or instrument to be furnished hereunder, to enable any holder of Offered Securities to enforce their respective rights thereunder under the Indenture, the Securities or any other document or instrument to be furnished thereunder, provided that they are not otherwise engaged in business in The Netherlands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement the Transaction Documents or the offering or sale by the Selling Shareholder of the Offered Securities, for any of the Underwriters or Underwriters, any holder of Offered Securities or the Company to be licensed, qualified or entitled to carry out business in The Netherlands.