Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 265

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 265
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 been reduced, converted, cancelled, amended or altered as a result of such exercise. If an event of default with respect to the senior non-preferrednotes of any series at the time outstanding occurs and is continuing, then the principal, or such lesser amount as may be provided for in the senior non-preferrednotes of such series (if applicable), of such outstanding senior non-preferrednotes or senior non-preferrednote, as the case may be, shall be deemed to have been declared, and shall become, immediately and automatically due and payable. For the avoidance of doubt, only an event of default (rather than any breach or default under the senior non-preferredindenture or the senior non-preferrednotes of any series) may give rise to a declaration of acceleration pursuant to the provisions summarized above. At any time after such a declaration of acceleration with respect to the senior non-preferrednotes or a senior non-preferrednote, as the case may be, of any series has been made and before a judgment or decree for payment of the money due has been obtained by the applicable trustee as provided in the senior non-preferredindenture, the holders of not less than a majority in principal amount of the outstanding senior non-preferrednotes of such series may, by Act, rescind and annul such declaration and its consequences if:

| (i) | BBVA has paid or deposited with the applicable trustee a sum of money sufficient to pay: |

| (A) | all overdue installments of any interest on and additional amounts with respect to all senior non-preferred notes of such series; |

| (B) | the principal of and any premium on any senior non-preferred notes of                                                                                                                                                  
 such series which have become due otherwise than by such declaration of acceleration and interest thereon and any additional amounts with respect thereto at the rate or rates borne by or provided for in such senior 
 non-preferred notes;                                                                                                                                                                                                   |

| (C) | to the extent that payment of such interest or additional amounts is lawful, interest upon overdue installments              
 of any interest and additional amounts at the rate or rates borne by or provided for in such senior non-preferred notes; and |

| (D) | all sums paid or advanced by the applicable trustee and the reasonable compensation, expenses, disbursements                                                     
 and advances of the applicable trustee, its agents and counsel and all other amounts due to the applicable trustee under the senior non-preferred indenture; and |

| (ii) | all events of default with respect to senior