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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].

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