financing or facilitating the activities of any person or entity then subject to Sanctions or in a Sanctioned Country. With regard to BNP Paribas, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft, Banco Santander, S.A., Wells Fargo Securities Europe S.A., Coöperatieve Rabobank U.A., ING Bank N.V., SMBC Bank EU AG, UniCredit Bank AG, Scotiabank (Ireland) Designated Activity Company, MUFG Securities (Europe) N.V. and Mizuho Securities Europe GmbH, the representations in this paragraph (vv) shall not apply if and to the extent that the expression of, or compliance with, or receipt or acceptance of, such representation would breach any provision of (i) Council Regulation (EC) No. 2271/96, as amended from time to time (the “EU Blocking Regulation”), or any law or regulation implementing the EU Blocking Regulation in any member state of the European Union; or (ii) the EU Blocking Regulation as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”); or (iii) solely to the extent such regulation applies to the applicable Initial Purchasers, Section 7 of the German Foreign Trade Regulation (Außenwirtschaftsverordnung) or any similar applicable anti-boycott law or regulation.
(ww) The issue of the Notes by the Issuer and the Guarantees by the Guarantors (subject to the exclusions and limitations set forth therein and in the Indenture) will not result in a breach of any provisions relating to financial assistance, principles of corporate benefit or any similar law or regulation of the jurisdictions applicable to them, which could affect the enforceability of the Notes or the Guarantees;
(xx) None of Holdings, its subsidiaries or, to the knowledge of Holdings, any director, officer, agent, employee or Affiliate of Holdings or any of its subsidiaries has distributed or, prior to the later to occur of (i) the Closing Date and (ii) the completion of the distribution of the Notes, will distribute any material referring to the offering and sale of the Notes other than the Preliminary Memorandum, the Pricing Disclosure Package or the Final Memorandum or other materials, if any, permitted by the Act and the U.K. Financial Services and Markets Act 2000 (the “FSMA”) (or regulations or legislation promulgated pursuant to the Act or the FSMA) or required to be distributed by the Luxembourg Stock Exchange.
(yy) Except as disclosed in the Offering Memorandum, and subject to the limitations described therein, no income, stamp or other taxes or levies, imposts, deductions, charges, compulsory loans or withholdings whatsoever (collectively, “Taxes”) are or will be, under applicable law in France, the United States or any other jurisdiction of incorporation, organization, formation, tax residency or place of business, as the case may be, of the Companies, or a jurisdiction in which any Company has a paying agent (for the avoidance of doubt, such paying agent not to include any Guarantor) with respect to the Notes, or any political subdivision thereof or therein (each, a “Taxing Jurisdiction”), imposed on, assessed against, levied against or collected with respect to any holder of the Notes by any such Taxing Jurisdiction on or in respect of principal, interest, premiums and penalties or other amounts payable under the Securities, or on account of the issue and sale, by the Companies or the execution, delivery or performance of this Agreement, the Indenture or any payments hereunder or thereunder, except for Taxes of a holder of the Notes levied, imposed, deducted, charged, compulsorily lent or withheld by any jurisdiction where such holder is incorporated, organized, formed or tax resident.
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