Template:Nutshell GMRA 4(j)

4(j) Repricing: Where the parties agree to reprice a Transaction (the “Original Transaction”):

(i) the Repurchase Date under the Original Transaction will be adjusted to the repricing date (the “Repricing Date”);

(ii) the parties will strike a new Transaction (the “Repriced Transaction”) as set out below;

(iii) the Purchased Securities will be equivalent to those under the Original Transaction;

(iv) the Purchase Date will be the Repricing Date;

(v) the Purchase Price will be the amount which, when multiplied by the Margin Ratio for the Original Transaction, would equal the Market Value of such Securities on the Repricing Date;

(vi) all other terms of the Repriced Transaction will be identical to the Original Transaction;

(vii) the parties’ respective delivery and obligations on commencement of the Repriced Transaction will be set off against their respective obligations on termination of the Original Transaction and a net cash sum shall be paid by one party to the other within the period set out in paragraph 4(g).