Template:Nutshell GMRA 4(k)

4(k) Adjusting Transactions: The parties may agree to adjust a Transaction (the “Original Transaction”) as of any date (the “Adjustment Date”) by terminating the “Original Transaction” and entering into a “Replacement Transaction” as follows:

(i) the Original Transaction will terminate on the Adjustment Date as agreed between the parties in advance;

(ii) the parties will also agree in advance the Purchased Securities, being Securities having an aggregate Market Value as at the Adjustment Date substantially equal to the Repurchase Price under the Original Transaction multiplied by its Margin Ratio;

(iii) the Purchase Date for the Replacement Transaction will be the Adjustment Date;

(iv) the parties will also agree in advance the other terms of the Replacement Transaction; and

(v) the parties will settle their respective payment and delivery obligations under the Original Transaction and the Replacement Transaction on the Adjustment Date under paragraph 6 within the period set out in paragraph 4(g).