Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
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- 65 -<br />
Notwithstanding the preceding paragraph, in any case where the Spot Rate for a Rate<br />
Calculation Date is based on the information published or announced by a Governmental<br />
Authority in the relevant country, the Spot Rate will be subject to the correction, if any, to that<br />
information subsequently published or announced by that source within the shorter of the period<br />
of five days from the Rate Calculation Date and the period expiring on the Business Day prior<br />
to the Maturity Date or Early Redemption Date, as the case may be.<br />
(4) Disrupted Days. If the Determination Agent in its sole and absolute discretion determines that a<br />
Disruption Event (as defined below) has occurred and is continuing on any Currency Valuation<br />
Date, then such Currency Valuation Date shall be postponed to the first following Business Day<br />
in respect of which there is no such Disruption Event; provided, however, that in no event shall<br />
the Currency Valuation Date be later than the eighth Business Day after the Maturity Date or<br />
the Early Redemption Date, as the case may be, and, if a Disruption Event in relation to an<br />
Exchange Rate is continuing on such eighth Business Day, the Currency Valuation Date shall<br />
be such eighth Business Day and the Issuer shall pay in lieu of payment of the Redemption<br />
Amount or the Early Redemption Amount on the Maturity Date or Early Redemption Date, as<br />
the case may be, the Disruption Redemption Amount (as defined below) on the third Business<br />
Day following such eighth Business Day. All determinations made by the Determination Agent<br />
pursuant to this Condition will be conclusive and binding on the Noteholders and the Issuer<br />
except in the case of manifest error. Notice of the Disruption Redemption Amount, determined<br />
in accordance with this Condition, shall only be provided to holders of Notes affected by the<br />
Disruption Event.<br />
"Disruption Event", in respect of Currency Linked Notes, means the occurrence of any of the<br />
following events:<br />
(a) Price Source Disruption;<br />
(b) Illiquidity Disruption;<br />
(c) Dual Exchange Rate;<br />
(d) any other event that, in the opinion of the Determination Agent, materially affects<br />
dealings in the Notes of any Series or affects the ability of the Issuer to meet any of its<br />
obligations under the Notes of any Series or under any related hedge transactions.<br />
[In case of Equity Linked [Notes] [Certificates] insert the following provisions:]<br />
§4b<br />
(Specific Definitions)<br />
"Delisting" means that the Exchange announces that pursuant to the rules of such Exchange, the Shares<br />
cease (or will cease) to be listed, traded or publicly quoted on the Exchange for any reason (other than a<br />
Merger Event or Tender Offer) and are not immediately re-listed, re-traded or re-quoted on an<br />
exchange or quotation system located in the same country as the Exchange (or, where the Exchange is<br />
within the European Union, in any Member State of the European Union).<br />
"Disruption Cash Settlement Price" means [specify amount].<br />
"Delivery Agent" means [specify name and address of delivery agent].<br />
"Equity Linked [Note] [Certificate]" means a security where the payment of the redemption amount<br />
and/or interest is linked to the performance of equity securities.<br />
"Equity Linked Redemption Amount" means an amount [, which shall never be less than the<br />
Protection Amount,] calculated by the Determination Agent on the Equity Valuation Date at the Equity<br />
Valuation Time in accordance with the following formula: [insert relevant formula].<br />
"Equity Valuation Date" means [insert date].