View source for Template:ISDA New York Law Credit Support Annex 1994 13

===Para {{nycsaprov|13}} {{nycsaprov|Elections and Variables}}===
{{nycsaprov|13(a)}} “'''{{nycsaprov|Security Interest for Obligations}}'''”. The term “'''{{nycsaprov|Obligations}}'''” as used in this Annex includes the following additional obligations:<br>
With respect to Party A: [SPECIFY] With respect to Party B: [SPECIFY].<br>
{{nycsaprov|13(b)}} '''{{nycsaprov|Credit Support Obligations}}'''.<br>
:{{nycsaprov|13(b)(i)}} Delivery Amount, {{nycsaprov|Return Amount}} and {{nycsaprov|Credit Support Amount}}.<br>
::(A) “'''{{nycsaprov|Delivery Amount}}'''” has the meaning specified in Paragraph {{nycsaprov|3(a)}}, unless otherwise specified here: [SPECIFY]<br>
::(B) “'''{{nycsaprov|Return Amount}}'''” has the meaning specified in Paragraph {{nycsaprov|3(b)}}, unless otherwise specified here: [SPECIFY]<br>
::(C) “'''{{nycsaprov|Credit Support Amount}}'''” has the meaning specified in Paragraph 3, unless otherwise specified here: [SPECIFY]<br>
:{{nycsaprov|13(b)(ii)}} Eligible Collateral. The following items will qualify as “'''{{nycsaprov|Eligible Collateral}}'''” for the party specified:<br>
Party A 	Party B Valuation Percentage<br>
::(A) Cash 	<br>
::(B) negotiable debt obligations issued by the U.S. Treasury Department having an original maturity at issuance of not more than one year (“'''{{nycsaprov|Treasury Bills}}'''”)	<br>
::(C) negotiable debt obligations issued by the U.S. Treasury Department having an original maturity at issuance of more than one year but not more than 10 years (“'''{{nycsaprov|Treasury Notes}}'''”)negotiable debt obligations issued by the U.S. Treasury Department having an original maturity at issuance of more than 10 years (“'''{{nycsaprov|Treasury Bonds}}'''”)<br>
::(D) other: <br>
:{{nycsaprov|13(b)(iii)}} '''{{nycsaprov|Other Eligible Support}}'''. The following items will qualify as “'''{{nycsaprov|Other Eligible Support}}'''” for the party specified:<br>
	Party A 	Party B<br>
::(A) [SPECIFY]	[ ]	[ ]<br>
::(B) [SPECIFY]	[ ]	[ ]<be>
{{ISDA New York Law Credit Support Annex 1994 13(b)(iv)}}
{{nycsaprov|13(c)}} '''{{nycsaprov|Valuation and Timing}}'''.<br>
:{{nycsaprov|13(c)(i)}} “'''{{nycsaprov|Valuation Agent}}'''” means, for purposes of Paragraphs 3 and 5, the party making the demand under Paragraph 3, and, for purposes of Paragraph {{nycsaprov|6(d)}}, the {{nycsaprov|Secured Party}} receiving or deemed to receive the {{nycsaprov|Distributions}} or the {{nycsaprov|Interest Amount}}, as applicable, unless otherwise specified here: [SPECIFY]<br>
:{{nycsaprov|13(c)(ii)}} “'''{{nycsaprov|Valuation Date}}'''” means: [SPECIFY]<br>
:{{nycsaprov|13(c)(iii)}} “'''{{nycsaprov|Valuation Time}}'''” means:<br>
:[ ] the close of business in the city of the {{nycsaprov|Valuation Agent}} on the {{nycsaprov|Valuation Date}} or date of calculation, as applicable;<br>
:[ ] the close of business on the {{nycsaprov|Local Business Day}} before the {{nycsaprov|Valuation Date}} or date of calculation, as applicable;<br>
::provided that the calculations of {{nycsaprov|Value}} and {{nycsaprov|Exposure}} will be made as of approximately the same time on the same date.<br>
:{{nycsaprov|13(c)(iv)}} “'''{{nycsaprov|Notification Time}}'''” means 1:00 p.m., New York time, on a {{nycsaprov|Local Business Day}}, unless otherwise specified here: [SPECIFY]<br>
{{nycsaprov|13(d)}} '''{{nycsaprov|Conditions Precedentand Secured Party’s Rights and Remedies}}''' . The following Termination Event(s) will be a “'''{{nycsaprov|Specified Condition}}'''” for the party specified (that party being the {{isdaprov|Affected Party}} if the Termination Event occurs with respect to that party):<br>
{{tabletop}}
|-<br>
|<br>
|Party A<br>
|Party B<br>
|-<br>
|Illegality <br>
|[SPECIFY]<br>
|[SPECIFY]<br>
|-<br>
|Tax Event<br>
|[SPECIFY]<br>
|[SPECIFY]<br>
|-<br>
|Tax Event Upon Merger<br>
|[SPECIFY]<br>
|[SPECIFY]<br>
|-<br>
|Credit Event Upon Merger<br>
|[SPECIFY]<br>
|[SPECIFY]<br>
|-<br>
|Additional Termination Event(s):<br>
|[SPECIFY]<br>
|[SPECIFY]<br>
|-<br>
{{tablebottom}}
{{nycsaprov|13(e)}} '''{{nycsaprov|Substitution}}'''.<br>
:{{nycsaprov|13(e)(i)}} “'''{{nycsaprov|Substitution Date}}'''” has the meaning specified in Paragraph {{nycsaprov|4(d)(ii)}}, unless otherwise specified here: [SPECIFY]<br>
:{{nycsaprov|13(e)(ii)}} Consent. If specified here as applicable, then the {{nycsaprov|Pledgor}} must obtain the {{nycsaprov|Secured Party}}’s consent for any substitution pursuant to Paragraph {{nycsaprov|4(d):}} [applicable/inapplicable *]2 <br>
{{nycsaprov|13(f)}} '''{{nycsaprov|Dispute Resolution}}'''.<br>
:{{nycsaprov|13(f)(i)}} “'''{{nycsaprov|Resolution Time}}'''” means 1:00 p.m., New York time, on the {{nycsaprov|Local Business Day}} following the date on which the notice is given that gives rise to a dispute under Paragraph 5, unless otherwise specified here: [SPECIFY]<br>
:{{nycsaprov|13(f)(ii)}} Value. For the purpose of Paragraphs 5(i)(C) and 5(ii), the {{nycsaprov|Value}} of {{nycsaprov|Posted Credit Support}} will be calculated as follows: [SPECIFY]<br>
:{{nycsaprov|13(f)(iii)}} Alternative. The provisions of Paragraph 5 will apply, unless an alternative dispute resolution procedure is specified here: [SPECIFY].<br>
{{ISDA New York Law Credit Support Annex 1994 13(g)}}
{{ISDA New York Law Credit Support Annex 1994 13(h)}}
{{nycsaprov|13(i)}} '''{{nycsaprov|Additional Representations}}'''.<br>
:[Party A/Party B*] represents to the other party (which representation(s) will be deemed to be repeated as of each date on which it, as the {{nycsaprov|Pledgor}}, {{nycsaprov|Transfer}}s {{nycsaprov|Eligible Collateral}}) that:<br>
:{{nycsaprov|13(i)(ii)}} [SPECIFY]<br>
:{{nycsaprov|13(i)(iii)}} [SPECIFY]<br>
{{nycsaprov|13(j)}} '''{{nycsaprov|Other Eligible Support and Posted Support}}'''.<br>
:{{nycsaprov|13(j)(i)}} “'''{{nycsaprov|Value}}'''” with respect to {{nycsaprov|Other Eligible Support and Posted Support}} means:[ SPECIFY] <br>
:{{nycsaprov|13(j)(ii)}} “'''{{nycsaprov|Transfer}}'''” with respect to {{nycsaprov|Other Eligible Support and Posted Support}} means:[SPECIFY]<br>
{{nycsaprov|13(k)}} '''{{nycsaprov|Demands and Notices}}'''.<br>
:All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, unless otherwise specified here:<br>
:Party A: [SPECIFY] [SPECIFY] Party B: [SPECIFY] [SPECIFY]<br>
{{nycsaprov|13(l)}} '''{{nycsaprov|Addresses for Transfers}}'''.<br>
Party A: [SPECIFY] [SPECIFY] Party B: [SPECIFY] [SPECIFY]<br>
{{nycsaprov|13(m)}} '''{{nycsaprov|Other Provisions}}'''.<br>