banif finance, ltd.

(k)Determination or Calculation by Trustee: If the Calculation Agent fails at any time to determine aRate of Interest or to calculate an Interest Amount or Additional Interest Amount, the Trustee willdetermine such Rate of Interest and make such determination or calculation which shall be deemed tohave been made by the Calculation Agent. In doing so, the Trustee shall apply all of the provisions ofthese conditions with any necessary consequential amendments to the extent that, in its sole opinionand with absolute discretion, it can do so and in all other respects it shall do so in such manner as itshall deem fair and reasonable in all the circumstances and will not be liable for any loss, liability,cost, charge or expense which may arise as a result thereof. Any such determination or calculationmade by the Trustee shall be binding on the Issuer, the Guarantor (if the Notes are guaranteed), thePaying Agents, the Noteholders and the Couponholders.8. Zero Coupon Note Provisions(a)(b)Application: This Condition 8 is applicable to the Notes only if the Zero Coupon Note Provisions arespecified in the relevant Pricing Supplement as being applicable.Late payment on Zero Coupon Notes: If the Redemption Amount payable in respect of any ZeroCoupon Note is improperly withheld or refused, the Redemption Amount shall thereafter be anamount equal to the sum of:(i)(ii)the Reference Price; andthe product of the Accrual Yield (compounded annually) being applied to the Reference Priceon the basis of the relevant Day Count Fraction from (and including) the Issue Date to (butexcluding) whichever is the earlier of (i) the day on which all sums due in respect of such Noteup to that day are received by or on behalf of the relevant Noteholder and (ii) the day which isseven days after the Principal Paying Agent, or as the case may be, the Trustee, has notified theNoteholders that it has received all sums due in respect of the Notes up to such seventh day(except to the extent that there is any subsequent default in payment).9. Dual Currency Note Provisions(a)(b)Application: This Condition 9 is applicable to the Notes only if the Dual Currency NoteProvisions are specified in the relevant Pricing Supplement as being applicable.Rate of Interest: If the rate or amount of interest falls to be determined by reference to anexchange rate, the rate or amount of interest payable shall be determined in the mannerspecified in the relevant Pricing Supplement.10. Redemption and Purchase(a)(b)Scheduled redemption: Unless previously redeemed, or purchased and cancelled, the Notes will beredeemed at their Final Redemption Amount on the Maturity Date, subject as provided in Condition11 (Payments). If the Note is an Undated Subordinated Note, it has no final maturity and is onlyredeemable in accordance with the following provisions of this Condition 10 or Condition 13b(Events of Default relating to Subordinated Notes).Redemption for tax reasons: The Notes may be redeemed at the option of the Issuer in whole, but notin part (after obtaining the consent of the Bank of Portugal whenever it is required in the case ofSubordinated Notes):(i)(ii)at any time (if neither the Floating Rate Note Provisions or the Index-Linked Interest NoteProvisions are specified in the relevant Pricing Supplement as being applicable); oron any Interest Payment Date (if the Floating Rate Note Provisions or the Index-Linked InterestNote Provisions are specified in the relevant Pricing Supplement as being applicable),27