Template:Nutshell Credit Derivatives 3.33

Section 3.33 General Terms Relating to Mod R and Mod Mod R.

(a) “Limitation Date” means the first of March 20, June 20, September 20 or December 20 in any year to occur on or after date 2.5 years (the “2.5-year Limitation Date”), 5 years, 7.5 years, 10 years (the “10-year Limitation Date”), 12.5 years, 15 years, or 20 years after the Restructuring Date. Limitation Dates are not adjusted for any Business Day Convention.

(b) “Restructured Bond or Loan” means a Bond or Loan Obligation to which a Restructuring has occurred.

(c) “Restructuring Date” means the date on which a Restructuring is legally effective according to its legal documentation.

(d) For a “Mod R” or “Mod Mod R” Restructuring, “final maturity date” will be determined according to the terms of the prevailing Deliverable Obligation. The final maturity date for an already due and payable Deliverable Obligation will be the date on which the determination is made.

(c) “Restructuring Date” means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

(d) For the purposes of making a determination pursuant to Sections 3.31 (Mod R) and 3.32 (Mod Mod R), final maturity date shall, subject to Section 3.32(a) (Mod Mod R), be determined on the basis of the terms of the Deliverable Obligation in effect at the time of making such determination and, in the case of a Deliverable Obligation that is due and payable, the final maturity date shall be deemed to be the date on which such determination is made.