Common use of Representative Clause in Contracts

Representative. The Bank of New York Mellon is designated under the Notes as the duly authorised representative of the Noteholders for purposes of making claims and taking other permitted or required actions under the Debt Guarantee Program (the Representative). Any Noteholder may elect not to be represented by the Representative by providing written notice of such election to the Representative. Unless a Noteholder has given such notice to the Representative, the Noteholder will not have any right to make claims or take any other action permitted or required under the Debt Guarantee Program.