Template:Nutshell 2002 ISDA Non-Reliance

(1) Non-Reliance:

(a) It is acting for its own account, and has made its own independent decisions to enter into the Transaction having determined it is appropriate and proper having obtained such professional advice as it has considered necessary.

(b) It is not relying on the other party for any investment advice or recommendation to enter into the Transaction, and it acknowledges that information about and explanations of the terms and conditions of a Transaction will not be considered as such.

(c) Neither party gives any assurance or guarantee as to the expected results of the Transaction.