Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 96

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 96
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, that none of the Trustee, the Principal Paying Agent or the Calculation                                 
 Agent shall be obligated to effect any such amendment which affects its own rights, duties or immunities under the Indenture, any paying agency agreement, any calculation agency agreement or otherwise. The consent of the holders of the Securities   
 shall not be required in connection with implementing the Successor Rate, Alternative Reference Rate (as applicable) and/or any Adjustment Spread or such other changes, including for the                                                               |

S-59

| execution of any documents, amendments or other steps by the Trustee, the Principal Paying Agent or the Calculation Agent (if required); and |

| (vi) | the Issuer shall promptly, following the determination of any Successor Rate, Alternative Reference Rate (as                                                                                                                                      
 applicable) and/or any Adjustment Spread, give notice thereof to the Trustee, the Principal Paying Agent, the Calculation Agent and the holders of the Securities, which shall specify the effective date(s) for such Successor Rate, Alternative 
 Reference Rate (as applicable) and/or any Adjustment Spread and any consequential changes made to the terms of the Securities and the Indenture,                                                                                                  |

provided thatthe determination of any Successor Rate or Alternative Reference Rate or Adjustment Spread, and any other related changes to the Securities, shall be made in accordance with the relevant Capital Regulations (if applicable) and shall not prejudice the then current capital or eligible liabilities qualification of the Securities, as applicable, in each case for the purposes of and in accordance with the Capital Regulations. None of the Trustee, the Principal Paying Agent, any other paying agent or the Calculation Agent shall have any duty to determine whether a Benchmark Event has occurred or that there is a Successor Rate. For the purposes of this section: “Adjustment Spread” means a spread (which may be positive or negative) or formula or methodology for calculating a spread, which the Independent Adviser (in consultation with the Issuer) or the Issuer (as applicable), determines is required to be applied to the Successor Rate or the Alternative Reference Rate (as applicable) in order to reduce or eliminate, to the extent reasonably practicable in the circumstances, any economic prejudice or benefit (as applicable) to the holders of Securities as a result of the replacement of the Reference Rate with the Successor Rate or the Alternative Reference Rate (as applicable) and is the spread, formula or methodology which:

| (i) | in the case of a Successor Rate, is recommended in relation to the