Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 70

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 70
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 effecting any Benchmark Amendments (including, inter alia, by the execution of an agreement supplemental to or amending the Indenture), provided that the Trustee shall not be obliged so to concur if in the opinion of the Trustee doing so would impose more onerous obligations upon it or expose it to any additional duties, responsibilities or liabilities or reduce or amend the protective provisions afforded to the Trustee or the Indenture (including, for the avoidance of doubt, any supplemental indenture) in any way. In connection with any such variation, the Issuer shall comply with the rules of any stock exchange on which the Securities are for the time being listed or admitted to trading. Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments, will be notified promptly by the Issuer to the Trustee and Principal Paying Agent, the Interest Calculation Agent and the holders. Such notice shall be irrevocable and shall specify the effective date of the Benchmark Amendments, if any. No later than notifying the Trustee of the same, the Issuer shall deliver to the Trustee a certificate signed by two authorized signatories of the Issuer:

| (i) | confirming (a) that a Benchmark Event has occurred, (b) the Successor Rate or, as the case may be,                              
 the Alternative Rate, (c) the applicable Adjustment Spread and (d) the specific terms of the Benchmark Amendments (if any); and |

| (ii) | certifying that the Benchmark Amendments (if any) are necessary to ensure the proper operation of such 
 Successor Rate or Alternative Rate and (in either case) the applicable Adjustment Spread.              |

The Trustee shall be entitled to rely on such certificate (without liability to any person) as sufficient evidence thereof. The Successor Rate or Alternative Rate and the Adjustment Spread and the Benchmark Amendments (if any) specified in such certificate will (in the absence of manifest error or bad faith in the determination of the Successor Rate or Alternative Rate and the Adjustment Spread and the Benchmark Amendments (if any) and without prejudice to the Trustee’s ability to rely on such certificate as aforesaid) be binding on the Issuer, the Trustee and Principal Paying Agent, the Interest Calculation Agent and the holders. Without prejudice to the obligations of the Issuer contained herein, the Original Reference Rate and the fallback provisions will continue to apply unless and until the Calculation Agent has been notified of the Successor Rate or the Alternative Rate (as