Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
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[The Determination Agent determines that a Commodity Market Disruption Event has occurred<br />
or exists on the Pricing Date in respect of any Relevant Commodity in the basket (the "Affected<br />
Commodity"), the Relevant Commodity Price of each Relevant Commodity and/or Commodity<br />
Index within the basket which is not affected by the occurrence of a Commodity Market<br />
Disruption Event shall be determined on its scheduled Pricing Date and the Relevant<br />
Commodity Price for the Affected Commodity shall be determined in accordance with the first<br />
applicable Disruption Fallback that provides a Relevant Reference Price.]<br />
All determinations made by the Determination Agent pursuant to this Condition will be<br />
conclusive and binding on the Noteholders and the Issuer except in the case of manifest error.]<br />
[[If "Determination Agent Adjustment" is specified in the Final Terms]<br />
(4) Extraordinary Event. In the event of an Extraordinary Event the Determination Agent shall<br />
make such adjustments to the redemption, settlement, payment or any other terms of the [Notes]<br />
[Certificates] as the Determination Agent determines appropriate to account for the economic<br />
effect on the [Notes] [Certificates] of such Extraordinary Event upon the Determination Agent<br />
having given not less than [5] [specify] Business Days' notice to the [Noteholders]<br />
[Certificateholders] in accordance with §12; and not less than 7 Business Days before the giving<br />
of such notice, notice to the Fiscal Agent [(unless the Fiscal Agents acts as Determination<br />
Agent)]].<br />
[In case of Exchangeable Notes insert the following provisions:]<br />
§4b<br />
(Special Definitions)<br />
"Conversion Ratio" means [specify amount] subject to adjustment in accordance with §4e.<br />
"Conversion Price" means [specify price] subject to adjustment in accordance with §4e.<br />
"Conversion Right" means the right of the Noteholders to have any Notes redeemed either by delivery<br />
of the Underlying Securities or by payment of the Equity Linked Redemption Amount.<br />
"Disruption Cash Settlement Price" means [specify amount].<br />
"Delivery Agent" means [specify name and address of delivery agent].<br />
"Equity Valuation Date" means [insert date].<br />
"Equity Valuation Time" means [insert time and Financial Center] on the Equity Valuation Date.<br />
"Exchangeable Notes" means those Equity Linked Notes in respect of which [the relevant Final Terms<br />
have specified that] a Conversion Right is applicable.<br />
"Initial Conversion Price" means [specify price].<br />
"Reverse Conversion Right" means the right of the Issuer [, as specified in the relevant Final Terms,]<br />
to redeem any Notes either by delivery of Underlying Securities or by payment of the Equity Linked<br />
Redemption Amount.<br />
"Reverse Exchangeable Notes" means those Equity Linked Notes in respect of which [the relevant<br />
Final Terms have specified that] a Reverse Conversion Right is applicable.<br />
"Settlement Date" means in the event of redemption of the Notes of a Series by delivery of the<br />
Underlying Securities, such Business Day as agreed by the Determination Agent, being on or as soon<br />
as practicable after the earlier of the Optional Redemption Date or the Maturity Date subject to<br />
amendments made in accordance with this conditions.