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Barclays, Base Prospectus 2006

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"Default Requirement" means [[specify amount] [the amount specified as such in the relevant Final<br />

Terms] or its equivalent in the relevant Obligation Currency] [if an amount is not specified:<br />

USD 10,000,000 or its equivalent in the relevant Obligation Currency] as of the occurrence of the<br />

relevant Credit Event.<br />

"Excluded Obligation" means [specify obligations or type of obligations]<br />

"Failure to Pay" means, after the expiration of any applicable Grace Period (after the satisfaction of<br />

any conditions precedent to the commencement of such Grace Period), the failure by a Reference<br />

Entity to make, when and where due, any payments in an aggregate amount of not less than the<br />

Payment Requirement under one or more Obligations, in accordance with the terms of such Obligations<br />

at the time of such failure.<br />

"Final Price" means [insert specifications for determination of Final Price, including any applicable<br />

valuation procedures to be followed by the Determination Agent]<br />

"Governmental Authority" means any de facto or de jure Government (or any agency,<br />

instrumentality, ministry or department thereof), court, tribunal, administrative or other governmental<br />

authority or any other entity (private or public) charged with the regulation of the financial markets<br />

(including the central bank) or a Reference Entity or of the jurisdiction or organisation of a Reference<br />

Entity.<br />

"Grace Period" means [specify Grace Period] [any grace period specified in the Final Terms].<br />

"Notice Delivery Period" means the period from and including the [Issue Date] [specify other date] to<br />

and including the day that is 14 calendar days after the Maturity Date.<br />

"Notice of Publicly Available Information" means [insert definition]<br />

"Obligation" means (a) any obligation determined pursuant to [specify determination methodology] [,]<br />

[and] (b) each Reference Obligation unless specified as an Excluded Obligation [and (c) any obligation<br />

of a Reference Entity specified as such in the Final Terms].<br />

"Obligation Acceleration" means one or more Obligations in an aggregate amount of not less than the<br />

Default Requirement have become due and payable before they would otherwise have been due and<br />

payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar<br />

condition or event (however described), other than a failure to make any required payment, in respect<br />

of a Reference Entity under one or more Obligations.<br />

"Obligation Currency" means or the currency or currencies in which an Obligation is denominated.<br />

"Obligation Default" means one or more Obligations in an aggregate amount of not less than the<br />

Default Requirement have become capable of being declared due and payable before they would<br />

otherwise have been due and payable as a result of the occurrence of a default, event of default or other<br />

similar condition or event (however described), other than a failure to make any required payment, in<br />

respect of a Reference Entity under one or more Obligations.<br />

"Payment Requirement" means [[specify amount] [the amount specified as such in the relevant Final<br />

Terms] or its equivalent in the relevant Obligation Currency] [if an amount is not specified: USD<br />

1,000,000 or its equivalent in the relevant Obligation Currency] as of the occurrence of the relevant<br />

Failure to Pay or Potential Failure to Pay, as applicable.<br />

"Potential Failure to Pay" means the failure by a Reference Entity to make, when and where due, any<br />

payments in an aggregate amount of not less than the Payment Requirement under one or more<br />

Obligations without regard to any Grace Period or any conditions precedent to the commencement of<br />

any grace period applicable to such Obligations, in accordance with the terms of such Obligations at<br />

the time of such failure.<br />

"Reference Entity" means [specify Reference Entity] (or its successor) [or each entity (or its successor)<br />

specified as such in the relevant Final Terms].

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