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::::(I) the {{cddprov|Credit Event}} is an {{cddprov|M(M)R Restructuring}}; and | ::::(I) the {{cddprov|Credit Event}} is an {{cddprov|M(M)R Restructuring}}; and | ||
::::(II) a {{cddprov|Credit Event Notice}} is delivered by a {{cddprov|Notifying Party}} to the other party and is effective on or prior to the Exercise Cut-off Date, | ::::(II) a {{cddprov|Credit Event Notice}} is delivered by a {{cddprov|Notifying Party}} to the other party and is effective on or prior to the Exercise Cut-off Date, | ||
:::provided that:<br> | |||
::::(x) no {{cddprov|Physical Settlement Date}}, if applicable, or {{cddprov|Termination Date}} has occurred on or prior to the date on which the {{cddprov|DC Credit Event Meeting Announcement}} occurs;<br> | ::::(x) no {{cddprov|Physical Settlement Date}}, if applicable, or {{cddprov|Termination Date}} has occurred on or prior to the date on which the {{cddprov|DC Credit Event Meeting Announcement}} occurs;<br> | ||
::::(y) if any {{cddprov|Valuation Date}} or {{cddprov|Delivery Date}}, as applicable, has occurred on or prior to the date on which the {{cddprov|DC Credit Event Meeting Announcement}} occurs, an {{cddprov|Event Determination Date}}shall be deemed to have occurred only with respect to the portion of the {{cddprov|Floating Rate Payer Calculation Amount}}, if any, with respect to which no {{cddprov|Valuation Date}} or {{cddprov|Delivery Date}}, as applicable, has occurred; and<br> | ::::(y) if any {{cddprov|Valuation Date}} or {{cddprov|Delivery Date}}, as applicable, has occurred on or prior to the date on which the {{cddprov|DC Credit Event Meeting Announcement}} occurs, an {{cddprov|Event Determination Date}}shall be deemed to have occurred only with respect to the portion of the {{cddprov|Floating Rate Payer Calculation Amount}}, if any, with respect to which no {{cddprov|Valuation Date}} or {{cddprov|Delivery Date}}, as applicable, has occurred; and<br> | ||
::::(z) no {{cddprov|Credit Event Notice}} specifying an {{cddprov|M(M)R Restructuring}}} as the only {{cddprov|Credit Event}} has previously been delivered to {{cddprov|Seller}} by {{cddprov|Buyer}} as {{cddprov|Notifying Party}} , (aa) unless the {{cddprov|M(M)R Restructuring}}} specified in such {{cddprov|Credit Event Notice}} is also the subject of the {{cddprov|DC Credit Event Question}} resulting in the occurrence of the {{cddprov|Credit Event Resolution Request Date}}, (bb) unless, and to the extent that, the Exercise Amount specified in such {{cddprov|Credit Event Notice}} was less than the {{cddprov|Floating Rate Payer Calculation Amount}}, or (cc) unless the {{cddprov|Credit Derivative Transaction}} is an Auction Covered Transaction and the {{cddprov|Deliverable Obligation}}s set out on the {{cddprov|Final List}} are identical to the Permissible {{cddprov|Deliverable Obligation}}s for such {{cddprov|Credit Derivative Transaction}}, or | ::::(z) no {{cddprov|Credit Event Notice}} specifying an {{cddprov|M(M)R Restructuring}}} as the only {{cddprov|Credit Event}} has previously been delivered to {{cddprov|Seller}} by {{cddprov|Buyer}} as {{cddprov|Notifying Party}} , (aa) unless the {{cddprov|M(M)R Restructuring}}} specified in such {{cddprov|Credit Event Notice}} is also the subject of the {{cddprov|DC Credit Event Question}} resulting in the occurrence of the {{cddprov|Credit Event Resolution Request Date}}, (bb) unless, and to the extent that, the Exercise Amount specified in such {{cddprov|Credit Event Notice}} was less than the {{cddprov|Floating Rate Payer Calculation Amount}}, or (cc) unless the {{cddprov|Credit Derivative Transaction}} is an Auction Covered Transaction and the {{cddprov|Deliverable Obligation}}s set out on the {{cddprov|Final List}} are identical to the Permissible {{cddprov|Deliverable Obligation}}s for such {{cddprov|Credit Derivative Transaction}}, or | ||
:(b) Section {{cddprov|1.16}}(a) does not apply, the Non-Standard {{cddprov|Event Determination Date}} determined in accordance with Section {{cddprov|14.1}} ( | :(b) Section {{cddprov|1.16}}(a) does not apply, the Non-Standard {{cddprov|Event Determination Date}} determined in accordance with Section {{cddprov|14.1}} ( {{cddprov|Non-Standard Event Determination Date}}).<br> |