Loss Absorption Disqualification Event Redemption
The Issuer may also redeem the Notes in whole, but not in part, at any time upon giving the required notice and with the permission of, or waiver from, the PRA, if required, at a redemption amount equal to 100% of the principal amount of the Notes (together with any interest accrued to the date fixed for redemption), if a Loss Absorption Disqualification Event has occurred and is continuing, as further described in the Prospectus.

Waiver of set-off
No Noteholder may exercise any right of set-off in respect of the Notes and each Noteholder shall be deemed to have waived all such rights of such set-off

Agreement with respect to the exercise of UK Bail-In Power
Notwithstanding and to the exclusion of any other term of any Series of Notes or any other agreements, arrangements or understandings between the Issuer and any Noteholder (or the Trustee on behalf of the Noteholders), by its acquisition of the Notes, each Noteholder acknowledges and accepts that the Amounts Due arising under the Notes may be subject to the exercise of the UK Bail-in Power by the Resolution Authority, and acknowledges, accepts, consents, and agrees to be bound by:

(i) the effect of the exercise of the UK Bail-in Power by the Resolution Authority, that may include and result in any of the following, or some combination thereof:
(A) the reduction of all, or a portion, of the Amounts Due;
(B) the conversion of all, or a portion, of the Amounts Due in respect of the Notes into shares, other securities or other obligations of the Issuer or another person (and the issue to or conferral on the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Notes;
(C) the cancellation of the Notes; or
(D) the amendment or alteration of the maturity of the Notes or amendment of the amount of interest payable on the Notes, or the date on which the interest becomes payable, including by suspending payment for a temporary period;

(ii) the variation of the terms of the Notes, as determined by the Resolution Authority, to give effect to the exercise of the UK Bail-in Power by the Resolution Authority.