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 immediately following the date that is one of the following numbers of years after the Restructuring 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, as applicable. Limitation Dates shall not be subject to adjustment in accordance with any Business Day Convention .

(b) “Restructured Bond or Loan” means an Obligation that is a Bond or Loan and in respect of which the relevant Restructuring has occurred.

(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.