Common use of Variation of Settlement Clause in Contracts

Variation of Settlement. (a) If the applicable Final Terms indicate that the Issuer has an option to vary settlement in respect of the W&C Securities (which, unless otherwise specified, will not apply to U.S. Securities), and subject in the case of Warrants to a valid exercise of the Warrants in accordance with these Conditions, the Issuer may at its sole and absolute discretion in respect of each such W&C Security or in the case of Warrants, if applicable, Unit, elect not to pay the relevant Holders the Cash Settlement Amount or to deliver or procure delivery of the Entitlement to the relevant Holders, as the case may be, but, in lieu thereof to deliver or procure delivery of the Entitlement or make payment of the Cash Settlement Amount on the Settlement Date (in the case of Warrants) or Redemption Date (in the case of Certificates) to the relevant Holders, as the case may be. Notification of such election will be given to Holders in accordance with Condition 10.

Variation of Settlement. (ai) If the applicable Final Terms indicate that the Issuer has an option to vary settlement in respect of the W&C Securities Warrants (which, unless otherwise specified, will not apply to U.S. SecuritiesWarrants), and subject in the case of Warrants to upon a valid exercise of the Warrants in accordance with these Terms and Conditions, the Issuer may at its sole and absolute unfettered discretion in respect of each such W&C Security or Warrant or, if Units are specified in the case of Warrantsapplicable Final Terms, if applicable, each Unit, elect not to pay the relevant Holders the Cash Settlement Amount or to deliver or procure delivery of the Entitlement to the relevant Holders, as the case may be, but, in lieu thereof to deliver or procure delivery of the Entitlement or make payment of the Cash Settlement Amount on the Settlement Date (in the case of Warrants) or Redemption Date (in the case of Certificates) to the relevant Holders, as the case may be. Notification of such election will be given to Holders in accordance with Condition 1011.

Variation of Settlement. (a) If the applicable Final Terms indicate that the Issuer has an option to vary settlement in respect of the W&C Securities (which, unless otherwise specified, will not apply to U.S. Securities), and subject in the case of Warrants to a valid exercise of the Warrants in accordance with these Conditions, the Issuer may at its sole and absolute discretion in respect of each such W&C Security or in the case of Warrants, if applicable, Unit, elect not to pay the relevant Holders the Cash Settlement Amount or to deliver or procure delivery of the Entitlement to the relevant Holders, as the case may be, but, in lieu thereof to deliver or procure delivery of the Entitlement or make payment of the Cash Settlement Amount on the Settlement Date (in the case of Warrants) or Redemption Date (in the case of Certificates) to the relevant Holders, as the case may be. Notification of such election will be given to Holders in accordance with Condition 10.

Variation of Settlement. (a) If the applicable Final Terms indicate that the Issuer has an option to vary settlement in respect of the W&C Securities Warrants (which, unless otherwise specified, will not apply to U.S. SecuritiesWarrants), and subject in the case of Warrants to upon a valid exercise of the Warrants in accordance with these Terms and Conditions, the Issuer may at its sole and absolute unfettered discretion in respect of each such W&C Security or Warrant or, if Units are specified in the case of Warrantsapplicable Final Terms, if applicable, each Unit, elect not to pay the relevant Holders the Cash Settlement Amount or to deliver or procure delivery of the Entitlement to the relevant Holders, as the case may be, but, in lieu thereof to deliver or procure delivery of the Entitlement or make payment of the Cash Settlement Amount on the Settlement Date (in the case of Warrants) or Redemption Date (in the case of Certificates) to the relevant Holders, as the case may be. Notification of such election will be given to Holders in accordance with Condition 1011.