The Uncommitted Programme. (a) The Issuer shall not be under any obligation to issue any Notes, and a Dealer shall not be under any obligation to subscribe for or procure the subscription for any Notes, until such time as an agreement for a Note Transaction has been reached between the Issuer and that Dealer. (b) [Each of the Issuer[, the Guarantor[s]] and the Dealers agree that solely by virtue of appointment as Arranger or Dealer, as applicable, on this Programme, neither the Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of EU Delegated Directive 2017/593.] governance and ECP” dated 21 February 2018, available on the ICMA MiFID II/R in primary markets webpage: https:// ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇-▇▇▇-▇▇▇▇▇▇- Practice/Primary-Markets/primary-market-topics/mifid-ii-r- in-primary-markets/.
Appears in 2 contracts
Sources: Dealer Agreement, Dealer Agreement