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Under the Euro Medium Term Note Programme ... - Finance - EDF

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<strong>Term</strong>s and Conditions of <strong>the</strong> <strong>Note</strong>s<br />

The Masse alone, to <strong>the</strong> exclusion of all individual <strong>Note</strong>holders, shall exercise<br />

<strong>the</strong> common rights, actions and benefits which now or in <strong>the</strong> future may<br />

accrue respectively with respect to <strong>the</strong> <strong>Note</strong>s.<br />

(b)<br />

Representative<br />

The office of Representative may be conferred on a person of any nationality<br />

who agrees to perform such function. However, <strong>the</strong> following persons may<br />

not be chosen as Representatives:<br />

(i)<br />

(ii)<br />

(iii)<br />

(iv)<br />

<strong>the</strong> Issuer, <strong>the</strong> members of its Executive Board (Directoire), <strong>the</strong><br />

members of its Supervisory Board (Conseil de surveillance), its<br />

general managers (directeurs généraux), its statutory auditors, or its<br />

employees as well as <strong>the</strong>ir ascendants, descendants and spouse; or<br />

companies guaranteeing all or part of <strong>the</strong> obligations of <strong>the</strong> Issuer,<br />

<strong>the</strong>ir respective managers (gérants), general managers (directeurs<br />

généraux), members of <strong>the</strong>ir Board of Directors (Conseil<br />

d'administration), Executive Board (Directoire), or Supervisory Board<br />

(Conseil de surveillance), <strong>the</strong>ir statutory auditors, or employees as<br />

well as <strong>the</strong>ir ascendants, descendants and spouse; or<br />

companies holding 10 per cent. or more of <strong>the</strong> share capital of <strong>the</strong><br />

Issuer or companies having 10 per cent. or more of <strong>the</strong>ir share<br />

capital held by <strong>the</strong> Issuer; or<br />

persons to whom <strong>the</strong> practice of banker is forbidden or who have<br />

been deprived of <strong>the</strong> right of directing, administering or managing an<br />

enterprise in whatever capacity.<br />

The names and addresses of <strong>the</strong> initial Representative of <strong>the</strong> Masse and its<br />

alternate will be set out in <strong>the</strong> relevant Final <strong>Term</strong>s. The Representative<br />

appointed in respect of <strong>the</strong> first Tranche of any Series of <strong>Note</strong>s will be <strong>the</strong><br />

Representative of <strong>the</strong> single Masse of all Tranches in such Series.<br />

The Representative will be entitled to such remuneration in connection with<br />

its functions or duties as set out in <strong>the</strong> relevant Final <strong>Term</strong>s.<br />

In <strong>the</strong> event of death, retirement or revocation of appointment of <strong>the</strong><br />

Representative, such Representative will be replaced by ano<strong>the</strong>r<br />

Representative. In <strong>the</strong> event of <strong>the</strong> death, retirement or revocation of<br />

appointment of <strong>the</strong> alternate Representative, an alternate will be elected by<br />

<strong>the</strong> General Meeting.<br />

All interested parties will at all times have <strong>the</strong> right to obtain <strong>the</strong> names and<br />

addresses of <strong>the</strong> initial Representative and <strong>the</strong> alternate Representative at<br />

<strong>the</strong> head office of <strong>the</strong> Issuer and <strong>the</strong> specified offices of any of <strong>the</strong> Paying<br />

Agents.<br />

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