Second Tranche Closing Procedure Sample Clauses

Second Tranche Closing Procedure. The closing procedure set out in Clause 3.2 (First Tranche Closing Procedure) shall apply to the Second Tranche Bonds Closing, except that: (a) any reference to the First Tranche Bonds shall be construed to refer to the Second Tranche Bonds; (b) any reference to the First Tranche Closing Date or First Tranche Closing shall be construed to refer to the Second Tranche Closing Date or Second Tranche Closing, respectively; (c) any reference to the First Tranche Register or the First Tranche Bond Certificate shall be construed to refer to the Second Tranche Register or the Second Tranche Bond Certificate, respectively; (d) Clause 3.2(a)(i) (First Tranche Closing Procedure) shall be deemed to be modified to read: “the Issuer shall make (or shall procure the making of) the appropriate entries in the Second Tranche Register showing the Initial Subscriber as the registered owner of €22,500,000 in principal amount of Second Tranche Bonds”; and (e) the reference to “(net of any Agreed Expenses)” in Clause 3.2(b) (First Tranche Closing Procedure) shall be modified to read “(less any costs and expenses (including legal expenses) properly incurred by the Initial Subscriber in connection with the issue of the Second Tranche Bonds)”.