Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 246

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 246
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 shall be deemed not to be prejudicial to the interests of holders where the ranking of the senior non-preferrednotes or, if the senior non-preferrednotes are substituted, of the Qualifying Securities for which such senior non-preferrednotes are substituted, following such substitution or modification, as the case may be, is at least the same ranking as was applicable to such senior non-preferrednotes on the issue date of such senior non-preferrednotes. For the purposes of the second immediately preceding paragraph, the notice to be delivered by BBVA shall specify the relevant details of the manner in which the relevant substitution or modification shall take effect and where the holders of the series of senior non-preferrednotes to be substituted or modified can inspect or obtain copies of, if such senior non-preferrednotes are modified, the new terms and conditions of the senior non-preferrednotes of such series or, if such senior non-preferrednotes are substituted, the Qualifying Securities for which they are substituted. Such substitution or modification will be effected without any cost or charge to such holders. If the senior non-preferrednotes of a series are substituted in accordance with the provisions described above, such senior non-preferrednotes shall cease to bear interest from (and including) the date of substitution thereof. Each holder and beneficial owner of the senior non-preferrednotes of any series shall, by virtue of its acquisition of the senior non-preferrednotes of any series or any beneficial interest therein, be deemed to accept the substitution or modification of the terms of the senior non-preferrednotes of such series as set forth above and to grant to BBVA and the trustee full power and authority to take 37

any action and/or to execute and deliver any document in its name and/or on its behalf which is necessary or convenient to complete the substitution or modification of the terms of the senior non-preferrednotes of such series, as applicable. By its acquisition of a senior non-preferrednote, each holder (which, for these purposes, includes each beneficial owner), to the extent permitted by the Trust Indenture Act, will be deemed to have waived any and all claims, in law and/or in equity, against the trustee for, agreed not to initiate a suit against the trustee in respect of, and agreed that the trustee shall not be liable for, any action that the trustee takes, or abstains from taking, in either case in connection with the substitution or modification of the terms of the senior non-preferrednotes upon the occurrence of an Eligible Liabilities Event.