Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 37

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 37
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utos) dated 27 July 2004 
 and require a withholding to be made;                                                                                                                                                                                                         |

| (viii) | where the withholding or deduction is required pursuant to an agreement described in Section 1471(b) of                                                                                                                                                  
 the United States Internal Revenue Code of 1986, as amended (the “Code”), or otherwise imposed pursuant to Sections 1471 through 1474 of the Code (“FATCA”), any regulations or agreements thereunder, any official interpretations                      
 thereof, any intergovernmental agreements with respect thereto (including the intergovernmental agreement between the United States and Spain on the implementation of FATCA), or any law implementing an intergovernmental agreement or any regulations 
 or official interpretations relating thereto; or                                                                                                                                                                                                         |

| (ix) | in the case of any combination of items listed in (i) through (viii) above. |

Additional Amounts will also not be paid with respect to any payment to a holder who is a fiduciary, a partnership, a limited liability company or person other than the sole beneficial owner of that payment, to the extent that payment would be required by the laws of Spain (or any political subdivision thereof) to be included in the income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, an interest holder in that limited liability company or a beneficial owner who would not have been entitled to the Additional Amounts had it been the holder. For the purposes of (iv) above, the “Relevant Date” means, in respect of any payment, the date on which such payment first becomes due and payable, but if the full amount of the moneys payable has not been received by the Trustee on or prior to such due date, it means the first date on which, the full amount of such moneys having been so received and being available for payment to holders of the relevant series of Notes, notice to that effect shall have been duly given to the holders of the relevant series of Notes in accordance with the Base Indenture. Any reference in this “Additional Amounts” section to “principal” shall include any redemption amounts and any other amounts in the nature of principal payable pursuant to the Base Indenture as amended and supplemented by the Second Supplemental Indenture, and “interest” shall include all amounts referred to as interest in this prospectus supplement and the Base Indenture as supplemented by the Second Supplemental Indenture. Except where the context