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Default Requirem<strong>en</strong>t have become due and payable before they wouldotherw<strong>is</strong>e have be<strong>en</strong> due and payable as a result of, or on the bas<strong>is</strong> of, theoccurr<strong>en</strong>ce of a <strong>de</strong>fault, ev<strong>en</strong>t or <strong>de</strong>fault or other similar con<strong>dit</strong>ion or ev<strong>en</strong>t(however <strong>de</strong>scribed), other than a failure to make any required paym<strong>en</strong>t, inrespect of a Refer<strong>en</strong>ce Entity un<strong>de</strong>r one or more Obligations.“Obligation Curr<strong>en</strong>cy”“Obligation Default”“Outstanding PrincipalBalance”means the curr<strong>en</strong>cy or curr<strong>en</strong>cies in which the Obligation <strong>is</strong> <strong>de</strong>nominated.means one or more Obligations in an aggregate amount of not less than theDefault Requirem<strong>en</strong>t have become capable of being <strong>de</strong>clared due and payablebefore they would otherw<strong>is</strong>e have be<strong>en</strong> due and payable as a result of, or onthe bas<strong>is</strong> of, the occurr<strong>en</strong>ce of a <strong>de</strong>fault, ev<strong>en</strong>t of <strong>de</strong>fault, or other similarcon<strong>dit</strong>ion or ev<strong>en</strong>t (however <strong>de</strong>scribed), other than a failure to make anyrequired paym<strong>en</strong>t, in respect of a Refer<strong>en</strong>ce Entity un<strong>de</strong>r one or moreObligations.means, subject as provi<strong>de</strong>d in sub-paragraph (4)(F) of paragraph (B)(Interpretation of Prov<strong>is</strong>ions) in the <strong>de</strong>finition of “Deliverable Obligation”:(i)(ii)with respect to any Accreting Obligation, the Accreted Amountthereof; andwith respect to any other obligation, the outstanding principalbalance of such obligation,provi<strong>de</strong>d that with respect to any Exchangeable Obligation that <strong>is</strong> not anAccreting Obligation, “Outstanding Principal Balance” shall exclu<strong>de</strong> anyamount that may be payable un<strong>de</strong>r the terms of such obligation in respect ofthe value of the Equity Securities for which such obligation <strong>is</strong> exchangeable.“Paym<strong>en</strong>t Requirem<strong>en</strong>t”“Permitted Curr<strong>en</strong>cy”“Physical Settlem<strong>en</strong>tPeriod”means the amount specified as such in the rele<strong>van</strong>t Final Terms or itsequival<strong>en</strong>t in the rele<strong>van</strong>t Obligation Curr<strong>en</strong>cy or, if a Paym<strong>en</strong>t Requirem<strong>en</strong>t<strong>is</strong> not specified in the rele<strong>van</strong>t Final Terms, USD 1,000,000, or its equival<strong>en</strong>tas calculated by the Calculation Ag<strong>en</strong>t in the rele<strong>van</strong>t Obligation Curr<strong>en</strong>cy, ineither case, as of the occurr<strong>en</strong>ce of the rele<strong>van</strong>t Failure to Pay or Pot<strong>en</strong>tialFailure to Pay, as applicable.means (i) the legal t<strong>en</strong><strong>de</strong>r of any Group of 7 country (or any country thatbecomes a member of the Group of 7 if such Group of 7 expands itsmembership), or (ii) the legal t<strong>en</strong><strong>de</strong>r of any country which, as of the date ofsuch change, <strong>is</strong> a member of the Organ<strong>is</strong>ation for Economic Co-operationand Developm<strong>en</strong>t and has a local curr<strong>en</strong>cy long-term <strong>de</strong>bt rating of eitherAAA or higher assigned to it by Standard & Poor’s, a div<strong>is</strong>ion of theMcGraw-Hill Companies, Inc. or any successor to the rating business thereof,Aaa or higher assigned to it by Moody’s Investors Service, Inc. or anysuccessor to the rating business thereof or AAA or higher assigned to it byFitch Ratings or any successor to the rating business thereof.means the number of Business Days specified as such in the rele<strong>van</strong>t FinalTerms or, if a number of Business Days <strong>is</strong> not so specified, th<strong>en</strong>, with respectto a Deliverable Obligation compr<strong>is</strong>ing the Asset Amount, the longestnumber of Business Days for settlem<strong>en</strong>t in accordance with th<strong>en</strong> curr<strong>en</strong>tmarket practice of such Deliverable Obligation, as <strong>de</strong>termined by the201

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