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| ==Article 6 Terms Relating To {{cddprov|Auction Settlement}}==
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| '''Section {{cddprov|6.1}} {{cddprov|Auction Settlement}}'''. If “'''{{cddprov|Auction Settlement}}'''” is the applicable {{cddprov|Settlement Method}} and an {{cddprov|Event Determination Date}}occurs on or prior to the {{cddprov|Auction Final Price Determination Date}}, {{cddprov|Seller}} shall, subject to Section {{cddprov|5.1}} (Settlement), pay to {{cddprov|Buyer}} the {{cddprov|Auction Settlement}} Amount on the {{cddprov|Auction Settlement}} Date. Without prejudice to the foregoing, but without duplication of settlement, if (a) an {{cddprov|Auction Cancellation Date}} occurs, (b) a {{cddprov|No Auction Announcement Date}} occurs (and, in circumstances where such {{cddprov|No Auction Announcement Date}} occurs pursuant to Section {{cddprov|6.11}}(b) or {{cddprov|6.11}}(c)(ii) ({{cddprov|No Auction Announcement Date}}), neither party has exercised the {{cddprov|Movement Option}}), (c) a {{cddprov|DC Credit Event Question}} Dismissal occurs, (d) an {{cddprov|Event Determination Date}}was determined pursuant to Section {{cddprov|1.16}}(a)(i) (Event Determination Date) or {{cddprov|14.1}}(a) ({{cddprov|Non-Standard Event Determination Date}}) and no {{cddprov|Credit Event Resolution Request Date}} has occurred on or prior to the date falling three {{cddprov|Business Day}}s after such {{cddprov|Event Determination Date}}, or (e) an {{cddprov|Event Determination Date}}was determined pursuant to Section {{cddprov|14.1}}(b)(ii)(B)(II)(y) ({{cddprov|Non-Standard Event Determination Date}}), the parties shall, subject to Section {{cddprov|5.1}} (Settlement), perform their respective obligations in accordance with the {{cddprov|Fallback Settlement Method}}.<br>
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| '''Section {{cddprov|6.2}} Auction'''. “'''{{cddprov|Auction}}'''” has the meaning set forth in the {{cddprov|Transaction Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.3}} {{cddprov|Auction Settlement}} Date'''. “'''{{cddprov|Auction Settlement Date}}'''” means the date that is the number of {{cddprov|Business Day}}s specified in the {{cddprov|Transaction Auction Settlement Terms}} (or, if a number of {{cddprov|Business Day}}s is not so specified, three {{cddprov|Business Day}}s) immediately following the {{cddprov|Auction Final Price Determination Date}}. The {{cddprov|Auction Settlement}} Date shall be the Termination Date.<br>
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| '''Section {{cddprov|6.4}} {{cddprov|Auction Settlement}} Amount'''. “'''{{cddprov|Auction Settlement Amount}}'''” means the greater of:<br>
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| :(a) <br>
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| ::(i) the {{cddprov|Floating Rate Payer Calculation Amount}}; multiplied by<br>
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| ::(ii) an amount, expressed as a percentage, equal to the Reference Price minus the Auction {{cddprov|Final Price}}; and<br>
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| :(b) zero.<br>
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| '''Section {{cddprov|6.5}} Auction {{cddprov|Final Price}}'''. “'''{{cddprov|Auction Final Price}}'''” has the meaning set forth in the {{cddprov|Transaction Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.6}} {{cddprov|Auction Final Price Determination Date}}'''. “'''{{cddprov|Auction Final Price Determination Date}}'''” has the meaning set forth in the {{cddprov|Transaction Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.7}} {{cddprov|Credit Derivatives Auction Settlement Terms}}'''. “'''{{cddprov|Credit Derivatives Auction Settlement Terms}}'''” means any {{cddprov|Credit Derivatives Auction Settlement Terms}} published by ISDA, a form of which will be published by ISDA on its website at www.isda.org (or any successor website thereto) from time to time and may be amended from time to time.<br>
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| '''Section {{cddprov|6.8}} {{cddprov|Transaction Auction Settlement Terms}}'''. “'''{{cddprov|Transaction Auction Settlement Terms}}'''” means the {{cddprov|Credit Derivatives Auction Settlement Terms}} for which the relevant {{cddprov|Credit Derivative Transaction}} would be an Auction Covered Transaction.<br>
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| '''Section {{cddprov|6.9}} {{cddprov|Parallel Auction Settlement Terms}}'''. “'''{{cddprov|Parallel Auction Settlement Terms}}'''” means, following the occurrence of an {{cddprov|M(M)R Restructuring}}, any {{cddprov|Credit Derivatives Auction Settlement Terms}} published by ISDA with respect to such {{cddprov|M(M)R Restructuring}}, and for which the {{cddprov|Deliverable Obligation}} Terms are the same as the {{cddprov|Deliverable Obligation}} Provisions applicable to the relevant {{cddprov|Credit Derivative Transaction}} and for which such {{cddprov|Credit Derivative Transaction}} would not be an Auction Covered Transaction.<br>
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| '''Section {{cddprov|6.10}} Auction Covered Transaction'''. “'''{{cddprov|Auction Covered Transaction}}'''” has the meaning set forth in the {{cddprov|Transaction Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.11}} {{cddprov|No Auction Announcement Date}}'''. “'''{{cddprov|No Auction Announcement Date}}'''” means, with respect to a {{cddprov|Credit Event}}, the date on which the {{cddprov|DC Secretary}} first publicly announces that (a) no {{cddprov|Transaction Auction Settlement Terms}} and, if applicable, no {{cddprov|Parallel Auction Settlement Terms}} will be published, (b) following the occurrence of an {{cddprov|M(M)R Restructuring}}, no {{cddprov|Transaction Auction Settlement Terms}} will be published, but {{cddprov|Parallel Auction Settlement Terms}} will be published, or (c) the relevant {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}} that no Auction will be held following a prior public announcement by the {{cddprov|DC Secretary}} to the contrary, in circumstances where either (i) no Parallel Auction will be held, or (ii) one or more Parallel Auctions will be held.<br>
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| '''Section {{cddprov|6.12}} {{cddprov|Auction Cancellation Date}}'''. “'''{{cddprov|Auction Cancellation Date}}'''” has the meaning set forth in the {{cddprov|Transaction Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.13}} Parallel {{cddprov|Auction Cancellation Date}}'''. “'''{{cddprov|Parallel Auction Cancellation Date}}'''” means “'''{{cddprov|Auction Cancellation Date}}'''” as defined in the relevant {{cddprov|Parallel Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.14}} Parallel Auction'''. “'''{{cddprov|Parallel Auction}}'''” means “'''{{cddprov|Auction}}'''” as defined in the relevant {{cddprov|Parallel Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.15}} {{cddprov|Movement Option}}'''. “'''{{cddprov|Movement Option}}'''” means, with respect to an {{cddprov|M(M)R Restructuring}}} to which a {{cddprov|No Auction Announcement Date}} has occurred pursuant to Section {{cddprov|6.11}}(b) or (c)(ii) ({{cddprov|No Auction Announcement Date}}), the option of either (a) Buyer, regardless of which {{cddprov|Notifying Party}} delivered the {{cddprov|Credit Event Notice}}, to apply to the {{cddprov|Credit Derivative Transaction}}, for purposes of settlement, the {{cddprov|Parallel Auction Settlement Terms}}, if any, for purposes of which the Permissible {{cddprov|Deliverable Obligation}}s are more limited than the {{cddprov|Deliverable Obligation}}s that {{cddprov|Buyer}} could specify in any {{cddprov|Notice of Physical Settlement}} (provided that if more than one such set of {{cddprov|Parallel Auction Settlement Terms}} are published, the {{cddprov|Parallel Auction Settlement Terms}} specifying the greatest number of such Permissible {{cddprov|Deliverable Obligation}}s shall apply), or (b) {{cddprov|Seller}}, if {{cddprov|Buyer}} delivered the {{cddprov|Credit Event Notice}}, to apply to such {{cddprov|Credit Derivative Transaction}}, for purposes of settlement, the {{cddprov|Parallel Auction Settlement Terms}}, if any, for purposes of which all {{cddprov|Deliverable Obligation}}s on the {{cddprov|Final List}} will be Permissible {{cddprov|Deliverable Obligation}}s. The party that delivers to the other party an effective {{cddprov|Notice to Exercise Movement Option}}on or prior to the {{cddprov|Movement Option}} Cut-off Date will determine which {{cddprov|Parallel Auction Settlement Terms}}, if any, apply with respect to such {{cddprov|Credit Derivative Transaction}}. If both parties deliver an effective {{cddprov|Notice to Exercise Movement Option}}on or prior to the {{cddprov|Movement Option}} Cut-off Date, Buyer’s {{cddprov|Notice to Exercise Movement Option}}will prevail, regardless of which party was first in time to deliver an effective Notice to Exercise {{cddprov|Movement Option}}. If neither party delivers an effective {{cddprov|Notice to Exercise Movement Option}}on or prior to the {{cddprov|Movement Option}} Cut-off Date, such {{cddprov|Credit Derivative Transaction}} will be settled in accordance with the {{cddprov|Fallback Settlement Method}}.<br>
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| '''Section {{cddprov|6.16}} Permissible {{cddprov|Deliverable Obligation}}s'''. “'''{{cddprov|Permissible Deliverable Obligations}}'''” has the meaning set forth in the relevant {{cddprov|Credit Derivatives Auction Settlement Terms}}, being either all or the portion of the {{cddprov|Deliverable Obligation}}s included on the {{cddprov|Final List}} pursuant to the {{cddprov|Deliverable Obligation}} Terms that are applicable to that Auction.<br>
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| '''Section {{cddprov|6.17}} {{cddprov|Movement Option}} Cut'''-off Date. “'''{{cddprov|{{cddprov|Movement Option}} Cut-off Date}}'''” means the date that is one {{cddprov|Relevant City Business Day}} following the {{cddprov|Exercise Cut-off Date}} applicable to Buyer, or such other date as the relevant {{cddprov|Credit Derivatives Determinations Committee}} has {{cddprov|Resolved}}.<br>
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| '''Section {{cddprov|6.18}} Notice to Exercise {{cddprov|Movement Option}}'''. “'''{{cddprov|Notice to Exercise Movement Option}}'''” means, with respect to a {{cddprov|Credit Derivative Transaction}} for which (a) an {{cddprov|M(M)R Restructuring}}} is applicable and (b) the {{cddprov|Fallback Settlement Method}} would otherwise be applicable pursuant to Section {{cddprov|6.1}}(b) ({{cddprov|Auction Settlement}}), an irrevocable notice from one party to the other party that (i) specifies the {{cddprov|Parallel Auction Settlement Terms}} applicable with respect to such {{cddprov|Credit Derivative Transaction}} in accordance with Section {{cddprov|6.15}} ({{cddprov|Movement Option}}) and (ii) is effective on or prior to the {{cddprov|Movement Option}} Cut-off Date.<br>
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| A form of {{cddprov|Notice to Exercise Movement Option}}is set forth in Exhibit E.<br>
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| '''Section {{cddprov|6.19}} {{cddprov|Deliverable Obligation}} Terms'''. “'''{{cddprov|Deliverable Obligation Terms}}'''” has the meaning set forth in the relevant {{cddprov|Credit Derivatives Auction Settlement Terms}}.<br>
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| '''Section {{cddprov|6.20}} {{cddprov|Deliverable Obligation}} Provisions'''. “'''{{cddprov|Deliverable Obligation Provisions}}'''” has the meaning set forth in the relevant {{cddprov|Credit Derivatives Auction Settlement Terms}}.<br>
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| ==Article 7 Terms Relating To Cash Settlement== | | ==Article 7 Terms Relating To Cash Settlement== |
| '''Section {{cddprov|7.1}} Cash Settlement'''. If “'''{{cddprov|Cash Settlement}}'''” is specified as the {{cddprov|Settlement Method}} in the related {{cddprov|Confirmation}} or if either (a) Cash Settlement is applicable as the {{cddprov|Fallback Settlement Method}} in accordance with Section {{cddprov|6.1}} ({{cddprov|Auction Settlement}}), or (b) Cash Settlement is deemed to apply pursuant to Section {{cddprov|9.1}} (Partial Cash Settlement Due to Impossibility or Illegality), {{cddprov|9.2}} (Partial Cash Settlement of {{cddprov|Consent Required Loan}}s), {{cddprov|9.3}} (Partial Cash Settlement of {{cddprov|Assignable Loan}}s) or {{cddprov|9.4}} (Partial Cash Settlement of Participations), {{cddprov|Seller}} shall, subject to Section {{cddprov|5.1}} (Settlement), pay to {{cddprov|Buyer}} the Cash Settlement Amount on the {{cddprov|Cash Settlement Date}}.<br> | | '''Section {{cddprov|7.1}} Cash Settlement'''. If “'''{{cddprov|Cash Settlement}}'''” is specified as the {{cddprov|Settlement Method}} in the related {{cddprov|Confirmation}} or if either (a) Cash Settlement is applicable as the {{cddprov|Fallback Settlement Method}} in accordance with Section {{cddprov|6.1}} ({{cddprov|Auction Settlement}}), or (b) Cash Settlement is deemed to apply pursuant to Section {{cddprov|9.1}} (Partial Cash Settlement Due to Impossibility or Illegality), {{cddprov|9.2}} (Partial Cash Settlement of {{cddprov|Consent Required Loan}}s), {{cddprov|9.3}} (Partial Cash Settlement of {{cddprov|Assignable Loan}}s) or {{cddprov|9.4}} (Partial Cash Settlement of Participations), {{cddprov|Seller}} shall, subject to Section {{cddprov|5.1}} (Settlement), pay to {{cddprov|Buyer}} the Cash Settlement Amount on the {{cddprov|Cash Settlement Date}}.<br> |