Template:M comp disc Credit Derivatives 2.2(n)

What happens when Relevant Obligations of your expiring, de-merging or transmogrifying Reference Entity are succeeded by more than one entity in a way that the ISDA’s crack drafting squad™ could not find in its heart to assign to a single Successor. You split the transaction between the Successors.

The process for determining a Successor, by the way, is a doozy.