Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 266

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 266
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 non-preferred notes of                            
 such series shall have been cured or waived as provided in the senior non-preferred indenture. |

No such rescission shall affect any subsequent default or impair any right consequent thereon. Subject to payment of the applicable trustee’s fees and expenses and other amounts due to the trustee, the holders of not less than a majority in principal amount of the outstanding senior non-preferrednotes of any series on behalf of the holders of all the senior non-preferrednotes of such series may, by Act, waive any past default under the senior non-preferredindenture with respect to such series and its consequences, except a default in the payment of the principal of or any premium, or interest on, or any additional amounts with respect to, any senior non-preferrednote of such series or in respect of a covenant or provision of the senior non-preferredindenture that cannot be modified or amended without the consent of the holder of each outstanding senior non-preferrednotes of such series. No holder of any of the senior non-preferrednotes of any series has the right to institute any proceeding, judicial or otherwise, with respect to the senior non-preferredindenture, or for the appointment of a receiver or trustee, or any other remedy thereunder, unless (i) such holder has previously given written notice to the applicable trustee of a continuing event of default with respect to the senior non-preferrednotes of such series; (ii) the holders of not less than 25% in principal amount of the outstanding senior non-preferrednotes of such series have made written request to the applicable trustee to institute proceedings in respect of such event of default as trustee under the senior non-preferredindenture with respect to such series of senior non-preferrednotes and such holder or holders have offered to the applicable trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; (iii) the applicable trustee has failed to institute any such proceeding within 60 days after its receipt of such notice, request and offer of indemnity; and (iv) the applicable trustee has not received any direction inconsistent with such written request during such 60-dayperiod by the holders of a majority in principal amount of the outstanding senior non-preferrednotes of such series. 47

Except as set forth in the immediately following paragraph, notwithstanding any other
provision in the senior non-preferred indenture and the senior non-preferred notes, the right of each holder is absolute and unconditional, to receive payment of the
principal