Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 264

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 264
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 immediately succeeding paragraph, an order shall have been made by any competent court commencing insolvency proceedings (procedimiento concursal) against BBVA or an order of any competent
court or administrative agency shall have been made or a resolution shall have been passed by BBVA for the dissolution or winding up of BBVA (except (i) in the case of a reconstruction, consolidation, amalgamation or merger carried out in
compliance with the requirements set forth under “—Consolidation, Merger and Conveyance of Assets; Assumption” with respect to the senior non-preferred notes (in this case, even without
being approved by an Act of the holders of such series of notes) or (ii) in any such case for the purpose of a reconstruction or a consolidation or an amalgamation or a merger which has been approved by an Act of the holders of the senior non-preferred notes of such series).

Notwithstanding any other provision of the senior non-preferred indenture, any Resolution or Early Intervention with respect to BBVA will not, in and of itself and without regard to any other fact or circumstance, constitute a default or an event of default under
the immediately preceding paragraph or any provision of the senior non-preferred indenture with respect to the senior non-preferred notes of any series.In
addition, neither (i) a reduction or cancellation, in part or in full, of the Amounts Due on the senior non-preferred notes of any series, or the conversion thereof into another security or obligation of
BBVA or another person, in each case as a result of the exercise of the Spanish Bail-in Power by the Relevant Spanish Resolution Authority with respect to BBVA, nor (ii) the

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exercise of the Spanish Bail-inPower by the Relevant Spanish Resolution Authority with respect to the senior non-preferrednotes of any series, will constitute an event of default or default under the senior non-preferredindenture or the senior non-preferrednotes of any series or otherwise constitute non-performanceof a contractual obligation, or entitle the holders of the senior non-preferrednotes of any such series to any remedies, which are hereby expressly waived. See “— Agreement with Respect to the Exercise of the Spanish Bail-inPower”. In addition, no repayment or payment of Amounts Due on the senior non-preferrednotes of any series will become due and payable or be paid after the exercise of the Spanish Bail-inPower by the Relevant Spanish Resolution Authority if, and to the extent that, such amounts have