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portion of the Rele<strong>van</strong>t Obligations of the Refer<strong>en</strong>ceEntity by way of a Succession Ev<strong>en</strong>t, but no <strong>en</strong>titysucceeds to more than 25 per c<strong>en</strong>t. of the Rele<strong>van</strong>tObligations of the Refer<strong>en</strong>ce Entity and the Refer<strong>en</strong>ceEntity continues to ex<strong>is</strong>t, there will be no Successor andthe Refer<strong>en</strong>ce Entity will not be changed in any way as aresult of the Succession Ev<strong>en</strong>t; and(F)if one or more <strong>en</strong>tities directly or indirectly succeed to aportion of the Rele<strong>van</strong>t Obligations of the Refer<strong>en</strong>ceEntity by way of a Succession Ev<strong>en</strong>t, but no <strong>en</strong>titysucceeds to more than 25 per c<strong>en</strong>t. of the Rele<strong>van</strong>tObligations of the Refer<strong>en</strong>ce Entity and the Refer<strong>en</strong>ceEntity ceases to ex<strong>is</strong>t, the <strong>en</strong>tity which succeeds to thegreatest perc<strong>en</strong>tage of Rele<strong>van</strong>t Obligations (or, if two ormore <strong>en</strong>tities succeed to an equal perc<strong>en</strong>tage of Rele<strong>van</strong>tObligations, the <strong>en</strong>tity from among those <strong>en</strong>tities whichsucceeds to the greatest perc<strong>en</strong>tage of obligations of theRefer<strong>en</strong>ce Entity) will be the sole Successor; and(ii)in relation to a Sovereign Refer<strong>en</strong>ce Entity, any direct or indirectsuccessor(s) to that Refer<strong>en</strong>ce Entity irrespective of whether suchsuccessor(s) assumes any of the obligations of such Refer<strong>en</strong>ceEntity.In the case of (i) above, the Calculation Ag<strong>en</strong>t will be responsible for<strong>de</strong>termining, as soon as reasonably practicable after it becomes aware of therele<strong>van</strong>t Succession Ev<strong>en</strong>t (but no earlier than 14 cal<strong>en</strong>dar days after thelegally effective date of the Succession Ev<strong>en</strong>t), and with effect from thelegally effective date of the Succession Ev<strong>en</strong>t, whether the rele<strong>van</strong>tthresholds set forth above have be<strong>en</strong> met, or which <strong>en</strong>tity qualifies un<strong>de</strong>r(i)(D) above, as applicable. In calculating the perc<strong>en</strong>tages used to <strong>de</strong>terminewhether the rele<strong>van</strong>t thresholds set forth above have be<strong>en</strong> met, or which<strong>en</strong>tity qualifies un<strong>de</strong>r (i)(F) above, as applicable, the Calculation Ag<strong>en</strong>t shalluse, in respect of each applicable Rele<strong>van</strong>t Obligation inclu<strong>de</strong>d in suchcalculation, the amount of the liability in respect of such Rele<strong>van</strong>t Obligationl<strong>is</strong>ted in the Best Available Information and shall, as soon as practicable aftersuch calculation, make such calculation available for inspection byNotehol<strong>de</strong>r(s) at the specified office of the F<strong>is</strong>cal Ag<strong>en</strong>t and, for so long asthe Notes are l<strong>is</strong>ted on the Luxembourg Stock Exchange, at the office of thePaying Ag<strong>en</strong>t in Luxembourg.Where pursuant to paragraph (i)(C) or (i)(D) above, more than one Successorhas be<strong>en</strong> i<strong>de</strong>ntified, the Calculation Ag<strong>en</strong>t shall adjust such of the Terms andCon<strong>dit</strong>ions and/or the rele<strong>van</strong>t Final Terms as it in its sole and absoluted<strong>is</strong>cretion acting in a commercially reasonable manner shall <strong>de</strong>termine to beappropriate to reflect that the rele<strong>van</strong>t Refer<strong>en</strong>ce Entity has be<strong>en</strong> succee<strong>de</strong>dby more than one Successor and shall <strong>de</strong>termine the effective date of thatadjustm<strong>en</strong>t. The Calculation Ag<strong>en</strong>t shall be <strong>de</strong>emed to be acting in acommercially reasonable manner if it adjusts such of the Terms andCon<strong>dit</strong>ions and/or the rele<strong>van</strong>t Final Terms in such a manner as to reflect theadjustm<strong>en</strong>t to and/or div<strong>is</strong>ion of any cre<strong>dit</strong> <strong>de</strong>rivative transaction(s) related toor un<strong>de</strong>rlying the Notes un<strong>de</strong>r the prov<strong>is</strong>ions of the 2003 ISDA Cre<strong>dit</strong>212