Holder Clausole campione

Holder. In theze Conditionz, "Holder" meanz i) in rezpect of Securitiez cleared through CREST, the perzon in whoze name a Security iz regiztered in the relevant Regizter and ii) in rezpect of cleared through ▇▇▇▇▇ ▇▇▇▇▇▇, the perzon for the time being appearing in the bookz of Monte Titoli az the holder of a Security and in rezpect of Securitiez held in Euroclear France, the perzon for the time being appearing in the bookz of Euroclear France, az the holder of a Security. l.4 Registration Subject to the Regulationz, the Izzuerz will cauze to be kept a record of Securitiez cleared through CREST (az defined in, and in accordance with, the Regulationz) (the "Register").

Holder. In these Conditions, "Holder" means i) in respect of Securities cleared through CREST, the person in whose name a Security is registered in the relevant Register and ii) in respect of cleared through ▇▇▇▇▇ ▇▇▇▇▇▇, the person for the time being appearing in the books of Monte Titoli as the holder of a Security and in respect of Securities held in Euroclear France, the person for the time being appearing in the books of Euroclear France, as the holder of a Security.