National Grid 2008 Annual Report Download - page 389

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 12068
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 46
Description: EXH 2(B).7.1
0/6800.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/800/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 12068
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 46 Description: EXH 2(B).7.1
0/6800.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/800/6*
17 Governing Law and Jurisdiction
46
14 Notices
All notices to the Instrumentholders will be valid if published in a daily En
g
lish lan
g
ua
g
e newspaper of
g
eneral circulation in the
United Kin
g
dom (which is expected to be the Financial Times). If in the opinion of the Trustee any such publication is not
practicable, notice shall be validly
g
iven if published in another leadin
g
daily En
g
lish lan
g
ua
g
e newspaper with
g
eneral
circulation in Europe. Any such notice shall be deemed to have been
g
iven on the date of such publication or, if published
more than once or on different dates, on the first date on which publication is made, as provided above.
Couponholders shall be deemed for all purposes to have notice of the contents of any notice
g
iven to the holders of
Instruments in accordance with this Condition.
15 Indemnification of Trustee
The Trust Deed contains provisions for the indemnification of the Trustee and for its relief from responsibility, includin
g
provisions relievin
g
it from any obli
g
ation to take proceedin
g
s to enforce repayment unless indemnified to its satisfaction. The
Trustee is entitled to enter into business transactions with the Issuer[, the Guarantor]* or any of [its/their] subsidiary
undertakin
g
s, parent undertakin
g
s, joint ventures or associated undertakin
g
s without accountin
g
for any profit resultin
g
from
these transactions and to act as trustee for the holders of any other securities issued by the Issuer or any of its subsidiary
undertakings, parent undertakings, joint ventures or associated undertakings.
16 Contracts (Rights of Third Parties) Act 1999
No person shall have any ri
g
ht to enforce any term or condition of the Instruments under the Contracts (Ri
g
hts of Third Parties)
Act 1999.
(a) The Instruments and all matters arisin
g
from or connected with the Instruments are
g
overned by, and shall be construed
in accordance with, English law.
(b) The courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”), arisin
g
from or connected with the
Instruments.
(c) [Each of the]* /[The] Issuer[, and the Guarantor]* a
g
rees that the courts of En
g
land are the most appropriate and
convenient courts to settle any Dispute and, accordingly, that it will not argue to the contrary.
(d) Nothin
g
in this Condition 17 prevents the Trustee or any Instrumentholder from takin
g
proceedin
g
s relatin
g
to a Dispute
(“Proceedings”) in any other courts with jurisdiction. To the extent allowed by law, the Trustee or Instrumentholders may
take concurrent Proceedin
g
s in an
y
number of
j
urisdictions.