安定操作又称为稳定操作，是指为了使有价证券的募集或卖出容易进行，在不违反主管机关所颁布的规定下，在证券市场连续买卖有价证券，或委托或受托买卖有价证券，以钉住（pegging）、固定（fixing）、或安定（Stabilization）证券价格的行为。安定操作条款（stabilization provision）通常是承销商间协议（agreement among underwriters）中最重要的条款之一。这一条款通常会授权主承销商代表承销商其他成员，进行安定操作交易。以下与安定操作有关的双语条款：

示例一：

Stabilization. Neither the Company nor, to its knowledge, any of its employees, directors or shareholders (without the consent of the Representative) has taken or shall take, directly or indirectly, any action designed to or that has constituted or that might reasonably be expected to cause or result in, under Regulation M of the Exchange Act, or otherwise, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Public Securities.

安定操作。公司，或尽其所知，其雇员、董事或股东（未经代表同意），均未直接或间接采取或将直接或间接采取（根据《证券法》M条例的规定）任何旨在或已经构成或根据合理预期可能会导致对公司证券的价格进行安定操作或操纵从而促进公共证券的销售或转售的行为。

示例二：

Stabilization. (a) The Underwriters, for their own accounts, may to the extent permitted by applicable law, engage in transactions that stabilize, maintain, or otherwise affect the price of the Notes, including without limitation, overallotting the offering, creating a short position and bidding for and purchasing Notes to cover such short positions, and bidding for and purchasing Notes to stabilize the price of the Notes. In doing so, the Underwriters shall act as principals and not as agents of the Republic and any loss resulting from over-allotment or stabilization will be borne, and any profit arising therefrom shall be retained, by the Underwriters. Such transactions may be effected on the Luxembourg Stock Exchange (the “Stock Exchange”), in the over-the-counter market or otherwise. However, there is no assurance that the Underwriters (or persons acting on their behalf) will undertake stabilization action. Any stabilization action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the Notes and 60 days after the date of the allotment of the Notes.

稳定操作。（a）承销商可在适用法律允许的范围内为其自身之利益，进行稳定、维持或其他影响票据价格的交易，包括但不限于超额配售、创建空头头寸、竞价并购买票据补仓、竞价并购买票据稳定票据价格。进行此类交易时，承销商作为委托人而非Republic的代理人行事。任何因超额配售或稳定操作而产生的亏损及获得的利润均为承销商所有。此类交易可在卢森堡证券交易所（“证券交易所”）、场外交易市场或其他市场开展。但是，无法保证承销商（或代其行事之人士）将采取稳定操作。任何稳定操作均可在票据发售最终条款得到充分的公开披露之日或之后开始，同时，开始后，可在任何时候终止，但终止之日不得晚于票据发行之日过后30日和票据配售之日过后60日之较晚时间。

示例三：

Stabilization. Except with respect to the agreement between Granite and IALLC (the "WARRANT PURCHASE AGREEMENT") annexed as Exhibit 10.12 to the Registration Statement, neither IALLC, the Company, nor, to its knowledge, any of its employees, directors or stockholders (without the consent of Granite) has taken or will take, directly or indirectly, any action designed to or that has constituted or that might reasonably be expected to cause or result in, under the Exchange Act, or otherwise, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Units.

稳定操作，除Granite 和 IALLC 之间签订的注册声明附件10.12所示的协议（“权证购买协议”）外， IALLC 、公司或尽其所知，其雇员、董事或股东（未经Granite同意），均未直接或间接采取或将直接或间接采取（根据《证券法》的规定）任何旨在或已经构成或根据合理预期可能会导致对公司证券的价格进行安定操作或操纵从而促进单位的销售或转售的行为。