Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 46

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 46
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DA Definitions, as published by ISDA, as amended, supplemented or replaced from time to time;

“ISDA Fallback Rate” means the rate
to be effective upon the occurrence of a SOFR Index Cessation Event according to (and as defined in) the ISDA Definitions, where such
rate may have been adjusted for an overnight tenor, but without giving effect to any additional spread adjustment to be applied according
to such ISDA Definitions;

“ISDA Spread Adjustment” means the
spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or zero)
that shall have been selected by ISDA as the spread adjustment that would apply to the ISDA Fallback Rate;

“Relevant Governmental Body” means
the Board of Governors of the Federal Reserve System and/or the NY Federal Reserve or a committee officially endorsed or convened by the
Board of Governors of the Federal Reserve System and/or the NY Federal Reserve, or any successor.

“SOFR Benchmark” means, initially,
the SOFR Index Average, provided that if a SOFR Benchmark Event has occurred with respect to the SOFR Index Average or the then-current
SOFR Benchmark, then “SOFR Benchmark” means the applicable SOFR Benchmark Replacement;

“SOFR Benchmark Event” means the
occurrence of one or more of the following events with respect to the then-current SOFR Benchmark (including the daily published component
used in the calculation thereof):

(1) a
public statement or publication of information by or on behalf of the administrator of the SOFR Benchmark (or such component) announcing
that such administrator has ceased or will cease to provide the SOFR Benchmark (or such component), permanently or indefinitely, provided
that, at the time of such statement or publication, there is no successor administrator that will continue to provide the SOFR Benchmark
(or such component);

(2) a
public statement or publication of information by the regulatory supervisor for the administrator of the SOFR Benchmark (or such component),
the central bank for the currency of the SOFR Benchmark (or such component), an insolvency official with jurisdiction over the administrator
for the SOFR Benchmark (or such component), a resolution authority with jurisdiction over the administrator for the SOFR Benchmark (or
such component) or a court or an entity with similar insolvency or resolution authority over the administrator for the SOFR Benchmark
(or such component), which states that the administrator of the SOFR Benchmark (or such component) has ceased or will