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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Greater than 1 year but not more than 2 years. Deutsche Bank Trust Company.

Distributions and Interest Crrdit. Greater than 7 years but not more than 8 years. B for any other Valuation Date, zero, over. With respect to Credt A: 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, the 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.

The provisions of Paragraph 6 d ii will apply. Greater than 27 years but not more than 28 years. Treasury Department having an original maturity at issuance of more than one year but not more than 10 years “Treasury Notes” D negotiable debt obligations issued by the U.

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

Interpretation a Definitions and Inconsistency. If at any time an Early Termination Date has occurred or been vredit as the result of an Event of Default or Specified Condition with respect to the Secured Party, then except in the case of an Early Termination Date relating to less than all Transactions or Swap Transactions where the Secured Party has paid in full all of its obligations that are then due under Section 6 e of this Agreement: Greater than 25 issda but not more than 26 years.

Failure to Satisfy Conditions.

Both New York Law 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 annec of the other party. Greater than 3 years but not more than 4 years.

ISDA® Credit Support Annex (CSA)

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 Notification 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 Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter.

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Paragraph 1 b of this Annex is amended by deleting it and restating it in full as follows: Greater than 16 years but not more than 17 years. C01 13 i Additional Representation s. Except as specified in the preceding sentence, the Secured Party will have no duty with respect to Posted Collateral, including, without limitation, any duty to collect any Distributions, or enforce or preserve any rights pertaining thereto.

The Collateral must meet the Eligibility criteria in the agreement, e. Distributions will not include any item of property acquired by the Secured Party upon any disposition or liquidation of Posted Collateral or, with respect to any Posted Collateral in the form of Cash, any distributions on that collateral, unless otherwise specified herein. Greater than 26 years but not more than 27 years. The Pledgor must obtain the Secured Party’s consent for any substitution pursuant to Paragraph 4 d.

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.

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: 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 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: 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, the 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.

The holding of Posted Collateral by a Custodian will be deemed to be the holding of that Posted Collateral by the Secured Party for which the Custodian is acting. 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.

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ISDA® Credit Support Annex (CSA) | Practical Law

Greater than 28 years but not more than 29 years. Expenses a General Except as otherwise provided in Paragraphs 10 b and 10 ceach party will pay its own costs and expenses in connection with performing its obligations under this Annex and neither party will be liable for any costs and expenses incurred by the other party in connection herewith.

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. For the purpose of Paragraphs 5 i C and 5 iithe Value of Posted Credit Support will be calculated by the Valuation Agent in accordance with standard market practice. 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.

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. Except as otherwise provided in Paragraphs 10 b and 10 ceach party will pay its own costs and expenses in connection with performing its obligations under this Annex and neither party will be liable for any costs and expenses incurred by the other party in connection herewith.

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: Not applicable, k Demands and Notices. All calculations of Value and Exposure for purposes of Paragraphs 3 and 6 d will be made by the Valuation Agent as of the Valuation Time. Retrieved from ” https: Greater than 5 years but not more than 6 years.

Greater than 23 years but not more than 24 years. Greater than 10 years but not more than 11 years.