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(b)Cash SettlementIf Cash Settlement is specified in the relevant Final Terms and the Conditions to Settlement aresatisfied during the Notice Delivery Period (such date of satisfaction, the “Credit EventDetermination Date”), the Issuer shall give notice (such notice a “Settlement Notice”) to theNoteholders in accordance with Condition 19 and redeem all but not some only of the Notes, eachCredit Linked Note being redeemed by the Issuer by payment of the Credit Event RedemptionAmount on the Credit Event Redemption Date.If Conditions to Settlement are satisfied and the Notes become redeemable in accordance with thisCondition 10(b), upon payment of the Credit Event Redemption Amount in respect of the Notes theIssuer shall have discharged its obligations in respect of the Notes and shall have no other liabilityor obligation whatsoever in respect thereof. The Credit Event Redemption Amount may be less thanthe principal amount of a Note. Any shortfall shall be borne by the Noteholders and no liabilityshall attach to the Issuer.(c)Physical SettlementIf Physical Delivery is specified in the relevant Final Terms and the Conditions to Settlement aresatisfied during the Notice Delivery Period (such date of satisfaction, the Credit Event DeterminationDate), the Issuer shall give notice (such notice a “Notice of Physical Settlement”) to the Noteholdersin accordance with Condition 19 and redeem all but not some only of the Notes, each Credit LinkedNote being redeemed by the Issuer by Delivery of the Deliverable Obligations comprising the AssetAmount, subject to and in accordance with Conditions 10(g) and (h).In the Notice of Physical Settlement, the Issuer shall specify the Deliverable Obligations comprisingthe Asset Amount that it reasonably expects to Deliver. For the avoidance of doubt, the Issuer shall beentitled to select any of the Deliverable Obligations to constitute the Asset Amount, irrespective oftheir market value.If “Restructuring Maturity Limitation and Fully Transferable Obligation” is specified as applicable inthe relevant Final Terms and Restructuring is the only Credit Event specified in a Credit Event Notice,then a Deliverable Obligation may be included in the Asset Amount only if it (i) is a FullyTransferable Obligation and (ii) has a final maturity date not later than the Restructuring MaturityLimitation Date.If “Modified Restructuring Maturity Limitation and Conditionally Transferable ObligationApplicable” is specified as applicable in the relevant Final Terms and Restructuring is the only CreditEvent specified in a Credit Event Notice, then a Deliverable Obligation may be included in the AssetAmount only if it (i) is a Conditionally Transferable Obligation and (ii) has a final maturity date notlater than the applicable Modified Restructuring Maturity Limitation Date.If Conditions to Settlement are satisfied and the Notes become redeemable in accordance with thisCondition 10(c), upon Delivery of the Deliverable Obligations Deliverable and/or payment of theCash Settlement Amount, as the case may be, the Issuer shall have discharged its obligations inrespect of the Notes and shall have no other liability or obligation whatsoever in respect thereof.The value of such Deliverable Obligations and/or the Cash Settlement Amount may be less than theprincipal amount of a Note. Any shortfall shall be borne by the Noteholders and no liability shallattach to the Issuer.173