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.

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Credit Support Annex to the Schedule to the ISDA Master Agreement

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 Collateral ; 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.

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The provisions of Paragraph 6 d ii will apply. 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 Agreement with respect to each party.

Holding and Isea Posted Collateral. Following a recalculation pursuant to this Paragraph, the Valuation Agent will ctedit 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 19 years but not more than 20 years.

Eligibility to Hold Posted Collateral; Custodians. Greater than 4 years but not more than 5 years. Paragraph 1 b of this Annex is amended by deleting it and credih it in full as follows: Posted Collateral that consists of items that are not specified as Eligible Collateral, zero; and.

Full text of “ISDA Credit Support Annex”

Greater than 3 years but not more than 4 years. Promptly following a demand made by a party, the other party will execute, deliver, file and record any financing statement, specific assignment or other document and take supporr other action that may be necessary or desirable and reasonably requested by that party to create, preserve, perfect or validate any security interest or lien granted under Paragraph 2, to enable that party to exercise or enforce its rights under this Annex with respect to Posted Credit Support or an Interest Amount or to effect or document a release of a security interest on Posted Collateral or an Interest Amount.

Greater than 15 years but not more than 16 years.

C “Credit Support Amount” has the meaning specified in Paragraph 3. Weighted Average Life of Hedge in Years. With respect to Party A: In the event of any inconsistency between this Annex and the issda provisions of this Schedule, crredit Annex will prevail, and in the event of any inconsistency between Paragraph 13 and the other provisions of this Annex, Paragraph idsa will prevail.

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Miscellaneous a Default Interest A Secured Party that fails to make, when 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 and 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.

Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: 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.

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: 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: Specifications of Certain Matters.

Conditions Precedent, Transfer Timing, Calculations and Substitutions a Conditions Precedent Each Transfer obligation of the Pledgor under Paragraphs 3 and 5 and of the Secured Party under Paragraphs 3, 4 d ii5 and 6 d is subject to the conditions precedent that: The term “Obligations” as used in this Annex includes the following additional obligations: The Delivery Amount will be rounded up and the Return Amount will be rounded down to the nearest integral multiple of USD 10, respectively.

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. A Cash, the amount thereof; and B a security, the bid price obtained by the Valuation Agent multiplied by the applicable Valuation Percentage, if any; ii Posted Collateral that consists of items that are not specified as Eligible Collateral, zero; and iii Other Eligible Support and Other Posted Support, as specified in Paragraph The appropriate party will, upon demand following that notice by the Valuation Agent or a resolution pursuant to 3 above and subject to Paragraphs 4 a and 4 bmake the appropriate Transfer.

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Greater than 13 years but not more than 14 years.

Credit Support Annex

Unless otherwise specified in Paragraph 13, the “Delivery Amount’ applicable to the Pledgor for any Valuation Date will equal the amount by which: The Pledgor will promptly give notice to the Secured Party of, and defend against, any suit, action, proceeding or lien that involves Posted Credit Support Transferred by the Pledgor or that could adversely affect the security interest and lien granted by it under Paragraph 2, unless that suit, action, proceeding or lien results from the exercise of the Secured Party’s rights under Paragraph 6 c.

Definitions As used in this Annex: 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.

Each party represents to the other party which representations will be deemed to be repeated as of each date on which it, as the Pledgor, Transfers Eligible Collateral that: Accordingly, the parties agree as follows: Subject to the satisfaction of any conditions specified in Paragraph 13 for holding Posted Collateral, the Secured Party will be entitled to hold Posted Collateral or to appoint an agent a “Custodian” to hold Posted Collateral for the Secured Party.

The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

If at any time 1 an Event of Default or Specified Condition with respect to the Pledgor has occurred and is continuing or 2 an Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Pledgor, then, unless the Pledgor has isd in full all of its Obligations that are then due, the Secured Annfx may exercise one or more of the following rights and remedies: Holding and Using Posted Collateral a Care of Posted Collateral Without limiting the Secured Party’s rights credjt Paragraph 6 cthe Secured Party will exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable law, and in any event the Secured Party will be deemed to have jsda reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property.