Common use of Optional Redemption Upon Tax Event Clause in Contracts

Optional Redemption Upon Tax Event. The Notes may be redeemed at the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, if, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) or treaties of a Relevant Jurisdiction (as defined in the Indenture) or any political subdivision or taxing authority thereof or therein, or any change in the official application, administration or interpretation of such laws, regulations, rulings or treaties in such Relevant Jurisdiction, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced on or after the Issue Date and such obligation cannot be avoided by the Bank taking reasonable measures available to it (it being understood that changing the jurisdiction of the paying agent shall be a reasonable measure but changing the jurisdiction of the Bank shall not be a reasonable measure); provided, however, that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Bank would be obligated to pay such Additional Amounts, were a payment in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemed. Prior to the giving of notice of redemption of such Notes pursuant to the Indenture, the Bank will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.

Optional Redemption Upon Tax Event. The Notes may be redeemed at the Bank’s electionoption of the Company, as a in whole, but not in part, by the giving of notice as provided in the Indentureat any time, at a redemption price in U.S. Dollars equal to 100% of the then- outstanding principal amount thereofamount, together with any Additional Amounts and accrued and unpaid interest (including any Additional Amounts) to but excluding the redemption dateRedemption Date, if, as a result of any change in, or amendment to, the laws (or any rules, regulations or rulings promulgated thereunder) or treaties of a Relevant Jurisdiction (as defined in the Indenture) Mexico or any political subdivision thereof or any taxing authority thereof or therein, or any change in the official application, administration or official interpretation of such laws, regulationsrules, regulations or rulings or treaties in such Relevant Jurisdictionincluding the holding of a court of competent jurisdiction, the Bank has Company has, will or will would become obligated to pay Additional Amounts in connection with payments on the NotesNotes in respect of Mexican Withholding Taxes imposed at a rate of withholding or deduction in excess of 4.9% (the “Maximum Withholding Rate”), if such which change or amendment is announced becomes effective on or after the Issue Date December 5, 2014, and such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing the jurisdiction of the paying agent shall be a reasonable measure but changing the jurisdiction of the Bank shall not be a reasonable measure)it; provided, however, that no such notice of redemption shall be given earlier than 90 60 days prior to the earliest date on which the Bank Company would be obligated obliged to pay such Additional Amounts, Amounts in respect of Mexican Withholding Taxes assessed at a rate above the Maximum Withholding Rate were a payment in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemed. Prior to the giving of any notice of redemption of such Notes pursuant to the Indenturethis Section 11.1(a), the Bank Company will deliver to the Trustee (i) an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and stating that the Bank Company is entitled to effect such a redemption pursuant to the Indenture, this Section 11.1(a) and setting forth, in reasonable detail, forth a statement of facts showing that the circumstances giving rise conditions precedent to such the right of redemption. Unless the Bank defaults in the payment Company to so redeem have occurred and (ii) an opinion of Mexican legal counsel who may be an employee of or counsel of the redemption price, on and after Company to the redemption date interest effect that the Company has or will cease become obligated to accrue on pay such Additional Amounts in respect of Mexican Taxes assessed at a rate above the NotesMaximum Withholding Rate as a result of such change or amendment.

Optional Redemption Upon Tax Event. The Notes may be redeemed at If the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, ifCompany determines that, as a result of any amendment to, or change in, or amendment to, the laws (or any rules or regulations or rulings promulgated thereunder) or treaties of a any Relevant Jurisdiction (as defined in the Indenture) or Jurisdiction, any political subdivision or taxing authority thereof or thereintherein affecting taxation, or any amendment to or change in the an official application, administration interpretation or interpretation application of such laws, rules or regulations, rulings which amendment to or treaties change of such laws, rules or regulations becomes effective or, in such Relevant Jurisdictionthe case of a change in official interpretation or application, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced or otherwise made available on or after the Issue Date and date of the Offering Memorandum (or on or after the date a Surviving Entity assumes the obligations under the Notes, in the case of a Surviving Entity with a different Relevant Jurisdiction than the Company), the Company (or a Subsidiary Guarantor) would be obligated, to pay any Additional Amounts, provided that the Company, in its business judgment, determines that such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing including, without limitation, taking reasonable measures to change the jurisdiction Paying Agent), then, at the Company’s option, all, but not less than all, of the paying agent shall Notes may be redeemed at any time at a reasonable measure but changing the jurisdiction redemption price equal to 100% of the Bank shall outstanding principal amount, plus any accrued and unpaid interest to the redemption date due thereon up to but not be a reasonable measure)including the date of redemption; provided, however, provided that (1) no such notice of redemption shall for tax reasons may be given earlier than 90 days prior to the earliest date on which the Bank Company (or a Subsidiary Guarantor) would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation to pay such Additional Amounts, were a payment Amounts remains in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemedeffect. Prior to the giving publication of any notice of redemption of such Notes pursuant to the Indenturethis provision, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.Trustee:

Optional Redemption Upon Tax Event. The Notes may be redeemed at If the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, ifCompany determines that, as a result of any amendment to, expiration of, or change in, or amendment to, the laws (or any rules or regulations or rulings promulgated thereunder) or treaties of a any Relevant Jurisdiction (as defined in the Indenture) or Jurisdiction, any political subdivision or taxing authority thereof or thereintherein affecting taxation, or any amendment to expiration of, or change in the an official application, administration interpretation or interpretation application of such laws, rules or regulations, rulings which amendment to expiration of, or treaties change of such laws, rules or regulations becomes effective or, in such Relevant Jurisdictionthe case of a change in official interpretation or application, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced or otherwise made available on or after the Issue Date and date of the Offering Memorandum (or on or after the date a Surviving Entity assumes the obligations under the Notes, in the case of a Surviving Entity with a different Relevant Jurisdiction than the Company), the Company (or a Subsidiary Guarantor) would be obligated, to pay any Additional Amounts, provided that the Company, in its business judgment, determines that such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing it, including, without limitation, taking reasonable measures to change the jurisdiction Paying Agent, then, at the Company’s option, all, but not less than all, of the paying agent shall Notes may be redeemed at any time at a reasonable measure but changing the jurisdiction redemption price equal to 100% of the Bank shall outstanding principal amount, plus any accrued and unpaid interest to the redemption date due thereon up to but not be a reasonable measure)including the date of redemption; provided, however, provided that (1) no such notice of redemption shall for tax reasons may be given earlier than 90 days prior to the earliest date on which the Bank Company (or a Subsidiary Guarantor) would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation to pay such Additional Amounts, were a payment Amounts remains in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemedeffect. Prior to the giving of any notice of redemption of such Notes pursuant to the Indenturethis provision, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.Trustee:

Optional Redemption Upon Tax Event. The Notes Province may be redeemed redeem the Debt Securities at the Bank’s electionany time, as a whole, in whole but not in part, by the giving at 100% of notice as provided in the Indenture, at a price in U.S. Dollars equal to the their outstanding principal amount thereofamount, together with any Additional Amounts and plus accrued and unpaid interest to the redemption dateRedemption Date and any Additional Amounts payable with respect thereto to the Redemption Date, if, if (i) the Province has or on the next Payment Date will become obligated to pay Additional Amounts with respect to such Debt Securities as a result of any change in, or amendment to, the laws or regulations of Argentina or the Province or, in each case, any authority therein (or any regulations or rulings promulgated thereundereach such jurisdiction a “Relevant Jurisdiction”) or treaties of a Relevant Jurisdiction (as defined in the Indenture) or any political subdivision or taxing governmental authority thereof or therein, therein having power to tax (other than the Province itself or a political subdivision of the Province) or any change in the application or official application, administration or interpretation of such laws, laws or regulations, rulings or treaties in such Relevant Jurisdiction, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such which change or amendment is announced on or occurs after the Issue Date date of this Indenture and (ii) such obligation cannot be avoided by the Bank Province taking reasonable measures available to it (it being understood that changing the jurisdiction of the paying agent shall be a reasonable measure but changing the jurisdiction of the Bank shall not be a reasonable measure); provided, however, that no such it. No notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Bank Province would be obligated to pay such Additional Amounts, were Amounts if a payment in respect of the Notes such Debt Securities were then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemed. Prior to the giving publications or mailing of any notice of redemption of such Notes pursuant to the IndentureDebt Securities as described above, the Bank will Province must deliver to the Trustee (a) an Officers’ Certificate and a written opinion Opinion of Counsel of recognized Argentine counselstanding stating that such Additional Amounts are payable due to a change in, independent or amendment to, the laws or regulations of a Relevant Jurisdiction or governmental authority thereof or therein having power to tax (other than the Province itself or a political subdivision of the Bank, Province) or any change in the application or official interpretation of such laws or regulations and (b) an Officer’s Certificate to the effect that the Province’s obligation to pay Additional Amounts cannot be avoided by the Province taking reasonable measures available to it and that all governmental approvals necessary for the Bank Province to effect such redemption have been or at the time of redemption will be obtained and are in full force and effect and or specifying any necessary approvals that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Noteshave not been obtained.

Optional Redemption Upon Tax Event. The Notes may be redeemed at the BankCompany’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption dateRedemption Date (in each case based on the Peso Equivalent Principal Amount of the Notes Outstanding and converted from Pesos to U.S. dollars at the Applicable Exchange Rate on the relevant Calculation Date), if, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) or treaties of a Relevant Taxing Jurisdiction (as defined in the Indenture) or any political subdivision or taxing authority thereof or therein, or any change in the official application, administration or interpretation of such laws, regulations, or rulings or treaties in such a Relevant Taxing Jurisdiction, the Bank Company has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced on or after the Issue Closing Date and such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing the jurisdiction of the paying agent shall be a reasonable measure but changing the jurisdiction of the Bank shall not be a reasonable measure)it; provided, however, that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Bank Company would be obligated to pay such Additional Amounts, were a payment in respect of the Notes then due. Notice of any redemption will be mailed given at least 30 days but not more than 90 days before the redemption date Redemption Date to each holder Holder of Notes to be redeemed. Prior to the giving of notice of redemption of such Notes pursuant to the Indenture, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counselcounsel in the applicable Relevant Taxing Jurisdiction, independent of the BankCompany, to the effect that all governmental approvals necessary for the Bank Company to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank Company is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank Company defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.

Optional Redemption Upon Tax Event. The Notes may be redeemed at If the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, ifCompany determines that, as a result of any amendment to, or change in, or amendment to, the laws (or any rules or regulations or rulings promulgated thereunder) or treaties of a any Relevant Jurisdiction (as defined in the Indenture) or Jurisdiction, any political subdivision or taxing authority thereof or thereintherein affecting taxation, or any amendment to or change in the an official application, administration interpretation or interpretation application of such laws, rules or regulations, rulings which amendment to or treaties change of such laws, rules or regulations becomes effective or, in such Relevant Jurisdictionthe case of a change in official interpretation or application, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced on or after the Issue Date and date of the Offering Memorandum (or on or after the date a Surviving Entity assumes the obligations under the Notes, in the case of a Surviving Entity with a different Relevant Jurisdiction than the Company), the Company (or a Subsidiary Guarantor) would be obligated, to pay any Additional Amounts, provided that the Company, in its business judgment, determines that such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing it, then, at the jurisdiction Company’s option, all, but not less than all, of the paying agent shall Notes may be redeemed at any time at a reasonable measure but changing the jurisdiction redemption price equal to 100% of the Bank shall outstanding principal amount, plus any accrued and unpaid interest to the redemption date due thereon up to but not be a reasonable measure)including the date of redemption; provided, however, provided that (1) no such notice of redemption shall for tax reasons may be given earlier than 90 days prior to the earliest date on which the Bank Company (or a Subsidiary Guarantor) would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation to pay such Additional Amounts, were a payment Amounts remains in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemedeffect. Prior to the giving publication of any notice of redemption of such Notes pursuant to the Indenturethis provision, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.Trustee:

Optional Redemption Upon Tax Event. The Notes may be redeemed at the BankCompany’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, if, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) or treaties of a Relevant Jurisdiction (as defined in the Indenture) Argentina or any political subdivision or taxing authority thereof or therein, or any change in the official application, administration or interpretation of such laws, regulations, rulings or treaties in such Relevant JurisdictionArgentina, the Bank Company has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced on or after the Issue Closing Date and such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing the jurisdiction of the paying agent shall be a reasonable measure but changing the jurisdiction of the Bank shall not be a reasonable measure)it; provided, however, that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Bank Company would be obligated to pay such Additional Amounts, were a payment in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemed. Prior to the giving of notice of redemption of such Notes pursuant to the Indenture, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the BankCompany, to the effect that all governmental approvals necessary for the Bank Company to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank Company is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank Company defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.

Optional Redemption Upon Tax Event. The Notes may be redeemed at If the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, ifCompany determines that, as a result of any amendment to, or change in, or amendment to, the laws (or any rules or regulations or rulings promulgated thereunder) or treaties of a any Relevant Jurisdiction (as defined in the Indenture) or Jurisdiction, any political subdivision or taxing authority thereof or thereintherein affecting taxation, or any amendment to, or change in the an official application, administration interpretation or interpretation application of such laws, rules or regulations, rulings which amendment to, or treaties change in such Relevant Jurisdictionlaws, rules or regulations is legislated or promulgated or, in the Bank has case of a change in official interpretation or will become obligated to pay Additional Amounts on the Notesapplication, if such change or amendment is announced or otherwise made available on or after the Issue Date and date of the Offering Memorandum (or on or after the date a Surviving Entity assumes the obligations under the Notes, in the case of a Surviving Entity with a different Relevant Jurisdiction than the Company), the Company (or a Subsidiary Guarantor) would be obligated, to pay any Additional Amounts, provided that the Company, in its business judgment, determines that such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing it, including, without limitation, taking reasonable measures to change the jurisdiction Paying Agent, then, at the Company’s option, all, but not less than all, of the paying agent shall Notes may be redeemed at any time at a reasonable measure but changing the jurisdiction redemption price equal to 100% of the Bank shall outstanding principal amount, plus any accrued and unpaid interest to the redemption date due thereon up to but not be a reasonable measure)including the date of redemption; provided, however, provided that (1) no such notice of redemption shall for tax reasons may be given earlier than 90 days prior to the earliest date on which the Bank Company (or a Subsidiary Guarantor) would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation to pay such Additional Amounts, were a payment Amounts remains in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemedeffect. Prior to the giving of any notice of redemption of such Notes pursuant to the Indenturethis provision, the Bank Company will deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.Trustee:

Optional Redemption Upon Tax Event. The Notes may be redeemed at If the Bank’s election, as a whole, but not in part, by the giving of notice as provided in the Indenture, at a price in U.S. Dollars equal to the outstanding principal amount thereof, together with any Additional Amounts and accrued and unpaid interest to the redemption date, ifCompany determines that, as a result of any amendment to, expiration of, or change in, or amendment to, the laws (or any rules or regulations or rulings promulgated thereunder) or treaties of a Relevant Jurisdiction (as defined in the Indenture) or Jurisdiction, any political subdivision or taxing authority thereof or thereintherein affecting taxation, or any amendment to or change in the an official application, administration interpretation or interpretation application of such laws, rules or regulations, rulings which amendment to, expiration of, or treaties change of such laws, rules or regulations becomes effective or, in such Relevant Jurisdictionthe case of a change in official interpretation or application, the Bank has or will become obligated to pay Additional Amounts on the Notes, if such change or amendment is announced on or after August 14, 2020 (or on or after the Issue Date and date a Relevant Jurisdiction becomes a Relevant Jurisdiction, if later), the Company (or a Subsidiary Guarantor) would be obligated, to pay any Additional Amounts with respect to the Notes at a rate of withholding or deduction in excess of 4.0%, provided that the Company, in its business judgment, determines that such obligation cannot be avoided by the Bank Company taking reasonable measures available to it (it being understood that changing it, including reasonable measures to change the jurisdiction Paying Agent, then, at its option, all, but not less than all, of the paying agent shall Notes may be redeemed at any time at a reasonable measure but changing the jurisdiction redemption price equal to 100% of the Bank shall Outstanding principal amount, plus any accrued and unpaid interest due thereon to, but not be a reasonable measureincluding, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date); provided, however, provided that (1) no such notice of redemption shall for tax reasons may be given earlier than 90 60 days prior to the earliest date on which the Bank Company (or a Subsidiary Guarantor) would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation to pay such Additional Amounts, were a payment Amounts remains in respect of the Notes then due. Notice of any redemption will be mailed at least 30 days but not more than 90 days before the redemption date to each holder of Notes to be redeemedeffect. Prior to the giving of any notice of redemption of such Notes pursuant to the Indenturethis provision, the Bank will Company shall deliver to the Trustee an Officers’ Certificate and a written opinion of recognized Argentine counsel, independent of the Bank, to the effect that all governmental approvals necessary for the Bank to effect such redemption have been or at the time of redemption will be obtained and in full force and effect and that the Bank is entitled to effect such a redemption pursuant to the Indenture, and setting forth, in reasonable detail, the circumstances giving rise to such right of redemption. Unless the Bank defaults in the payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes.Trustee: