Common use of Appointment of Sub-Custodians Clause in Contracts

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "Sub-Custodian") of the Series 03-3 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 03-3 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 03-3 an MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 03-3 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 0305-3 1 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 0305-3 1 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-sub- custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 03-3 1 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 03-3 1 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 0305-3 2 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 0305-3 2 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 0304-3 2 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 0304-3 2 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 0305-3 4 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 0305-3 4 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.

Appointment of Sub-Custodians. Notwithstanding the provisions of Clause 11 and subject to receipt of an opinion of legal counsel that such appointment will not give rise to any adverse tax consequences, the Custodian may, having given the Issuer and each relevant Rating Agency at least ten Business Days' prior written notice, appoint any financial institution with an office in any jurisdiction other than the United Kingdom (including any reputable financial institution in the same group as the Custodian) to act as sub-sub- custodian (a "SubSUB-CustodianCUSTODIAN") of the Series 03-3 2 MTN located in that jurisdiction on substantially the same terms as the Agreement (except that there shall be no equivalent to this Clause 8.6). The Custodian shall not at any time be liable to the Issuer or any other person for the proper safekeeping of the Series 03-3 2 MTN and the due performance of the obligations assumed by any Sub-Custodian but the Custodian accepts the same level of responsibility for any nominee company controlled by the Custodian or by any of its affiliated companies as it accepts for itself.