1994 ISDA CREDIT SUPPORT ANNEX PDF

This Annex supplements, forms part of, and is subject to, the above-referenced Agreement, is part of its Schedule and is a Credit Support Document under this. 2 ISDA® (d) Substitutions. (i) Unless otherwise specified in Paragraph 13, upon notice to the Secured Party specifying the items of Posted Credit Support to . ISDA Credit Support Annex. The standard New York law pledge means of posting and receiving Credit Support under an ISDA Master.

Greater than 13 years but not more than 14 years. The Transfer of Interest Amount will be made on each Distribution Date; providedhoweverthat the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received ccredit funds and such funds are available to Party B. Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral, the security interest and lien granted hereunder on that Posted Collateral will be released immediately and, to the extent possible, without any further action by either party.

Security Interest Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder. Infinity “Threshold” means with respect to Party B: Subject to Paragraphs 4 a and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Suppoet Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day; if a demand is made after the Notification 9194, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter.

Return of Fungible Securities. The Valuation Agent will notify each party or the other party, if the Valuation Agent is a party of its calculations not later than the Notification Time on the Local Business Day following the applicable Valuation Date or in the case of Paragraph 6 dfollowing the date of calculation.

ISDA® Credit Support Annex (CSA)

When no amounts are or thereafter may become payable by the Pledgor with respect to any Obligations except for any potential liability under Section 2 d of this Agreementthe Secured Party will Transfer to the Pledgor all Posted Credit Support and the Interest Amount, if any. The following items will qualify as 1994 Eligible Support” for the party specified: Both New York Isad Credit Support Annex and an English law Credit Support Annex operate to create security interests in the collateral being posted, the differences are operational and can be material upon an insolvency of the other party.

The term “Obligations” as used in this Annex includes the following additional obligations: B “Return Amount” has the meaning specified in Paragraph 3 b. Anndx than 18 years but not more than 19 years.

A Set-off any amounts payable by the Pledgor with respect to any Obligations against any Posted Collateral or the Cash equivalent of any Posted Collateral held by the Secured Party or any obligation of the Secured Party to Transfer that Posted Suppprt ; and B to the extent that the Pledgor does not Set-off under iv A above, withhold payment of any remaining amounts payable by the Pledgor with respect to any Obligations, up to the Value of any remaining Posted Collateral held by the Secured Party, until that Posted Collateral is Transferred to the Pledgor.

Posted Collateral that consists of items that are not specified as Eligible Collateral, zero; and. Performance of all obligations under this Annex including, but not limited to, all calculations, valuations suport determinations made by either party, will be made in good faith and anned a commercially reasonable manner.

Treasury Department having an original maturity at issuance of more than one year but not more than 10 years “Treasury Notes” D negotiable isdx obligations issued by the U. Not anex, k Demands and Notices. Unless otherwise specified in Paragraph 13, the “Delivery Amount’ applicable to the Pledgor for any Valuation Date will equal the amount by suppotr The provisions of Paragraph 5 will apply. Miscellaneous a Default Interest A Secured Party that fails to make, suplort due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledgor to the extent permitted under applicable law an amount equal to interest at the Default Rate multiplied by the Value of the items of property that were required to be Transferred, from issa including the date that Posted Collateral or Interest Amount was required to be Transferred to but excluding the date of Transfer of that Posted Collateral or Interest Amount.

Treasury Department having a remaining maturity on such date of one year or more but less than five years. Greater than 23 years but not more than 24 years. The provisions of Paragraph 6 d ii will apply. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Greater than 12 years but not more than 13 years.

Subject to Paragraph 4 aif the Secured Party receives or is deemed to receive Distributions on a Local Business Day, it will Transfer to the Pledgor not later than the following Local Business Day any Distributions it receives or is deemed to receive to the extent that a Delivery Amount would not be created or increased by that Shpport, as calculated by the Valuation Agent and the date of calculation will be deemed to be a Valuation Date for this purpose.

With respect to Party A: All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, unless otherwise specified here: The Secured Party will be liable for the acts or omissions of its Custodian to the same extent that the Secured Party would be liable hereunder for its own acts or omissions.

Each Transfer hereunder shall be made to an address specified in writing from time to time by the party to ksda such Transfer will be made.

Weighted Average Life of Hedge in Years.

Credit Support Annex to the Schedule to the ISDA Master Agreement

International Swaps and Derivatives Association, Inc. Greater than 21 years but not more than 22 years. Transfer of Interest Amount. Each party acknowledges and agrees that Posted Collateral in the form of securities may decline speedily in value and is of a type customarily sold on a recognized market, and, accordingly, ccredit Pledgor is not entitled to prior notice of any sale of that Posted Collateral by the Secured Party, except any notice that is required under applicable law and cannot be waived.

Delaware, not in its individual capacity. Good Faith and Commercially Reasonable Ccredit. With respect to Party A: The Collateral must meet the Eligibility criteria in the agreement, e. Following a recalculation pursuant to this Paragraph, the Valuation Agent will notify each party or the other party, if the Valuation Agent is a party not later than the Notification Time on the Local Business Day following the Resolution Time.

Greater than 24 years but not more than 25 years. With respect to Party B: The following Termination Event s will be a “Specified Condition” for the party specified that party being the Affected Party if the Termination Event occurs with respect to that party: Greater than 15 years but not more than 16 years. Subject to Paragraph 4 aif the Secured Party receives or is deemed to receive Distributions on a Local Business Day, it will Transfer to the Pledgor not later than the following Local Business Day any Distributions it receives or is deemed to receive to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent and the date of calculation will be deemed to be a Valuation Date for this purpose.

Alternative to Interest Amount.

Credit Support Annex

All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, except that any demand, specification or notice shall be given to or made at the following addresses or at such other address as the relevant party may from time to time designate by giving notice in accordance with the terms of this paragraph to the other party: Greater than 14 years but not more than 15 years.

Greater than 22 years but not more than 23 years. Events of Default For purposes of Section 5 a iii l of this Agreement, an Event of Default will exist with respect to a party if: Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral, the security interest and lien granted hereunder on that Posted Collateral will be released immediately and, to the extent possible, without any further action by either party.

Party B represents to Party A which representations s will be deemed to be repeated as of each date on which it, as the Pledgor, Transfers Eligible Collateral that: Greater than 6 years but not more than 7 years.