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If no such Valuation Method <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms, the Valuation Method shall be Average Bl<strong>en</strong><strong>de</strong>d Highest.Notwithstanding paragraphs (i) to (iv) above, if Quotations inclu<strong>de</strong> WeightedAverage Quotations or fewer than two Full Quotations, the Valuation Methodshall be Market, Average Market, Bl<strong>en</strong><strong>de</strong>d Market or Average Bl<strong>en</strong><strong>de</strong>dMarket, as the case may be.“Valuation Time”“Weighted AverageQuotation”means the time specified as such in the rele<strong>van</strong>t Final Terms or, if no time <strong>is</strong>so specified, 11.00 a.m. in the principal trading market for the Refer<strong>en</strong>ceObligation.means, in accordance with the Quotation Method, the weighted average offirm quotations obtained from Quotation Dealers at the Valuation Time, tothe ext<strong>en</strong>t reasonably practicable, each for an amount of the Refer<strong>en</strong>ceObligation with an Outstanding Principal Balance of as large a size asavailable but less than the Quotation Amount (but, if a Minimum QuotationAmount <strong>is</strong> specified in the rele<strong>van</strong>t Final Terms, of a size equal to theMinimum Quotation Amount or, if quotations of a size equal to the MinimumQuotation Amount are not available, quotations as near in size as practicableto the Minimum Quotation Amount) that in aggregate are approximatelyequal to the Quotation Amount.(k)Cre<strong>dit</strong> Ev<strong>en</strong>t Notice after Restructuring Cre<strong>dit</strong> Ev<strong>en</strong>tIf Con<strong>dit</strong>ion 10(k) <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Terms, th<strong>en</strong>, notwithstandinganything to the contrary in these Terms and Con<strong>dit</strong>ions, upon the occurr<strong>en</strong>ce of a Restructuring Cre<strong>dit</strong>Ev<strong>en</strong>t during the Notice Delivery Period:(i)(ii)(iii)the Calculation Ag<strong>en</strong>t may <strong>de</strong>liver a Cre<strong>dit</strong> Ev<strong>en</strong>t Notice in respect of an amount (the “PartialRe<strong>de</strong>mption Amount”) that <strong>is</strong> less than the principal amount outstanding of each Noteimmediately prior to the <strong>de</strong>livery of such Cre<strong>dit</strong> Ev<strong>en</strong>t Notice. In such circumstances, theprov<strong>is</strong>ions of Con<strong>dit</strong>ion 10 shall be <strong>de</strong>emed to apply to the Partial Re<strong>de</strong>mption Amount onlyand each such Note shall be re<strong>de</strong>emed in part (such re<strong>de</strong>emed part being equal to the PartialRe<strong>de</strong>mption Amount).For the avoidance of doubt (i) the principal amount of each such Note not so re<strong>de</strong>emed in partshall remain outstanding and interest shall accrue on the principal amount outstanding of suchNote as provi<strong>de</strong>d in Con<strong>dit</strong>ion 4 (adjusted in such manner as the Calculation Ag<strong>en</strong>t in its soleand absolute d<strong>is</strong>cretion <strong>de</strong>termines to be appropriate), (ii) the prov<strong>is</strong>ions of Con<strong>dit</strong>ion 11 shallapply to such principal amount outstanding of such Note in the ev<strong>en</strong>t that subsequ<strong>en</strong>t Cre<strong>dit</strong>Ev<strong>en</strong>t Notices are <strong>de</strong>livered in respect of the Refer<strong>en</strong>ce Entity that was the subject of theRestructuring Cre<strong>dit</strong> Ev<strong>en</strong>t and (iii) once a Cre<strong>dit</strong> Ev<strong>en</strong>t Notice with respect to a RestructuringCre<strong>dit</strong> Ev<strong>en</strong>t has be<strong>en</strong> <strong>de</strong>livered in respect of a Refer<strong>en</strong>ce Entity, no further Cre<strong>dit</strong> Ev<strong>en</strong>tNotices may be <strong>de</strong>livered in respect of any Refer<strong>en</strong>ce Entity other than the Refer<strong>en</strong>ce Entitythat was the subject of the Restructuring Cre<strong>dit</strong> Ev<strong>en</strong>t.If the prov<strong>is</strong>ions of th<strong>is</strong> Con<strong>dit</strong>ion 10(k) apply in respect of the Notes, on re<strong>de</strong>mption of partof each such Note, the rele<strong>van</strong>t Note or, if the Notes are repres<strong>en</strong>ted by a Global Note, suchGlobal Note, shall be <strong>en</strong>dorsed to reflect such part re<strong>de</strong>mption.216

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