Common use of Passporting Clause in Contracts

Passporting. If the Issuer has agreed with one or more Dealers that the home Member State that approved the Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Articles 17 and 18 of the Prospectus Directive, then the arrangements relating to such request (including, but not limited to, the cost of translating any summary contained in the Prospectus for the purposes of the relevant host Member State) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the Financial Conduct Authority to the competent authority in any host Member State in accordance with Article 17 and Article 18 of the Prospectus Directive.