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Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

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(d)Repudiation/Moratorium Ext<strong>en</strong>sionWhere Repudiation/Moratorium <strong>is</strong> specified as a Cre<strong>dit</strong> Ev<strong>en</strong>t in the rele<strong>van</strong>t Final Terms, theprov<strong>is</strong>ions of th<strong>is</strong> Con<strong>dit</strong>ion 10(d) shall apply.Where Con<strong>dit</strong>ions to Settlem<strong>en</strong>t have not be<strong>en</strong> sat<strong>is</strong>fied on or prior to the Scheduled Maturity Datebut the Repudiation/Moratorium Ext<strong>en</strong>sion Con<strong>dit</strong>ion has be<strong>en</strong> sat<strong>is</strong>fied on or prior to the ScheduledMaturity Date or, if Con<strong>dit</strong>ion 10(f)(ii) applies, the Postponed Maturity Date (as <strong>de</strong>fined below) andthe Repudiation/Moratorium Evaluation Date in respect of such Pot<strong>en</strong>tial Repudiation Moratoriumwill, in the sole <strong>de</strong>termination of the Calculation Ag<strong>en</strong>t, fall after the Scheduled Maturity Date, th<strong>en</strong>the Calculation Ag<strong>en</strong>t shall notify the Notehol<strong>de</strong>rs in accordance with Con<strong>dit</strong>ion 19 that a Pot<strong>en</strong>tialRepudiation/Moratorium has occurred and:(i)where a Repudiation/Moratorium has not occurred on or prior to the Repudiation/MoratoriumEvaluation Date:(A)(B)each Cre<strong>dit</strong> Linked Note will be re<strong>de</strong>emed by the Issuer by paym<strong>en</strong>t of the Cre<strong>dit</strong>Ev<strong>en</strong>t Re<strong>de</strong>mption Amount on the second Business Day following theRepudiation/Moratorium Evaluation Date; andin the case of interest bearing Notes, the Issuer shall be obliged to pay interestcalculated as provi<strong>de</strong>d herein, accruing from (and including) the Interest Period EndDate immediately preceding the Scheduled Maturity Date (or if none, the InterestComm<strong>en</strong>cem<strong>en</strong>t Date) to (but excluding) the Scheduled Maturity Date but shall onlybe obliged to make such paym<strong>en</strong>t of interest on the second Business Day followingthe Repudiation/Moratorium Evaluation Date and no further or other amount inrespect of interest shall be payable and no ad<strong>dit</strong>ional amount shall be payable inrespect of such <strong>de</strong>lay; or(ii)where a Repudiation/Moratorium has occurred on or prior to the Repudiation/MoratoriumEvaluation Date and Con<strong>dit</strong>ions to Settlem<strong>en</strong>t are sat<strong>is</strong>fied in the Notice Delivery Period, theprov<strong>is</strong>ions of Con<strong>dit</strong>ion 10(b) or Con<strong>dit</strong>ion 10(c), as applicable, shall apply to the Notes.(e)Grace Period Ext<strong>en</strong>sionIf “Grace Period Ext<strong>en</strong>sion” <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Terms, the prov<strong>is</strong>ions ofth<strong>is</strong> Con<strong>dit</strong>ion 10(e) shall apply:Where Con<strong>dit</strong>ions to Settlem<strong>en</strong>t have not be<strong>en</strong> sat<strong>is</strong>fied on or prior to the Scheduled Maturity Datebut a Pot<strong>en</strong>tial Failure to Pay has occurred with respect to one or more Obligation(s) in respect ofwhich a Grace Period <strong>is</strong> applicable on or prior to the Scheduled Maturity Date (and such GracePeriod(s) <strong>is</strong>/are continuing as at the Scheduled Maturity Date), th<strong>en</strong>:(i)where a Failure to Pay has not occurred on or prior to the Grace Period Ext<strong>en</strong>sion Date:(A)(B)each Cre<strong>dit</strong> Linked Note will be re<strong>de</strong>emed by the Issuer by paym<strong>en</strong>t of the Cre<strong>dit</strong>Ev<strong>en</strong>t Re<strong>de</strong>mption Amount on the Grace Period Ext<strong>en</strong>sion Date; andin the case of interest bearing Notes, the Issuer shall be obliged to pay interestcalculated as provi<strong>de</strong>d herein, accruing from (and including) the Interest Period EndDate immediately preceding the Scheduled Maturity Date (or if none the InterestComm<strong>en</strong>cem<strong>en</strong>t Date) to (but excluding) the Scheduled Maturity Date but shall onlybe obliged to make such paym<strong>en</strong>t of interest on the Grace Period Ext<strong>en</strong>sion Date and174

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