Common use of Settlement Procedure Clause in Contracts

Settlement Procedure. In the case of Physical Delivery Securities, the settlement procedure and any amendments required to this Agreement will be agreed between the Issuer and the Fiscal Agent or the Italian Paying Agent, as the case may be, prior to the launch of the relevant Securities. Should this Clause 7.6 not be applicable, Clause 2.3.3 shall apply.

Settlement Procedure. In the case of Physical Delivery Securities, the settlement procedure and any amendments required to this Agreement will be agreed between the Issuer and the Fiscal Agent or the Italian Paying Agent, as the case may be, prior to the launch of the relevant Securities. Should this Clause 7.6 (Settlement procedure) not be applicable, Clause 2.3.3 shall apply.

Settlement Procedure. ‌ In the case of Physical Delivery Securities, the settlement procedure and any amendments required to this Agreement will be agreed between the Issuer (in the case of Secured Securities), the Settlement Agent and the Fiscal Agent or the Italian Paying Agent, as the case may be, prior to the launch of the relevant Securities. Should this Clause 7.6 not be applicable, Clause 2.3.3 (Duties of the Fiscal Agent and Calculation Agent with respect to the Securities) shall apply.