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| :{{csaprov|5(c)(ii)}} '''{{csaprov|Interest Payment (VM)}}'''. Unless otherwise specified in Paragraph at the times specified in Paragraph {{csaprov|11(g)(iv)}}: | | :{{vmcsaprov|5(c)(ii)}} '''{{vmcsaprov|Interest Payment (VM)}}'''. Unless otherwise specified in Paragraph {{vmcsaprov|11(g)(iv)}}: <br> |
| ::(A) if “'''{{csaprov|Interest Transfer}}'''” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}, the {{csaprov|Interest Payer (VM)}} will transfer to the {{csaprov|Interest Payer (VM)}}, at the times specified in Paragraph {{csaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}} referred to in Paragraph {{csaprov|6}}, the relevant {{csaprov|Interest Payment (VM)}}, provided that if “{{csaprov|Interest Payment Netting}}” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}:
| | {{ISDA English Law Credit Support Annex 2016 5(c)(ii)(A)}} <br> |
| :::(I) if the {{csaprov|Interest Payer (VM)}} is entitled to demand a {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} in respect of the date such {{csaprov|Interest Payment (VM)}} is required to be transferred:
| | {{ISDA English Law Credit Support Annex 2016 5(c)(ii)(B)}} <br> |
| ::::(a) such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} will be reduced (but not below zero) by the {{csaprov|Interest Payment (VM)}}, provided that, in case of such {{csaprov|Return Amount (VM)}}, if the amount in the {{csaprov|Credit Support Balance (VM)}} which is comprised of cash in the {{csaprov|Base Currency}} is less than such {{csaprov|Interest Payment (VM)}}, such reduction will only be to the extent of the amount of such cash comprised in the {{csaprov|Credit Support Balance (VM)}} (the “{{csaprov|Eligible Return Amount (VM)}}”); and
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| ::::(b) the {{csaprov|Interest Payer (VM)}} will transfer to the {{csaprov|Interest Payere (VM)}} the amount of the excess, if any, of such {{csaprov|Interest Payment (VM)}} over such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Eligible Return Amount (VM)}}, as applicable;
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| :::(II) if under Paragraph 5(c)(ii)(A)(I)(a) a {{csaprov|Delivery Amount (VM)}} is reduced (the amount of such reduction, the “{{csaprov|Delivery Amount Reduction (VM)}}”) or a {{csaprov|Return Amount (VM)}} is reduced (the amount of such reduction, the “{{csaprov|Return Amount Reduction (VM)}}”), then for purposes of calculating the {{csaprov|Credit Support Balance (VM)}} only, the Transferee will be deemed to have received an amount in cash in the {{csaprov|Base Currency}} equal to any {{csaprov|Delivery Amount Reduction (VM)}} and will be deemed to have transferred an amount in cash in the {{csaprov|Base Currency}} equal to any {{csaprov|Return Amount Reduction (VM)}}, as applicable, in each case on the day on which the relevant {{csaprov|Interest Payment (VM)}} was due to be transferred; and
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| ::(B) if “'''{{csaprov|Interest Adjustment}}'''” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}, the {{csaprov|Credit Support Balance (VM)}} will be adjusted by the Transferee, at the times specified in Paragraph {{csaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}} referred to in Paragraph 6 as follows:
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| :::(I) if the {{isdaprov|Interest Amount (VM)}} for an {{isdaprov|Interest Period }} is a positive number, the {{isdaprov|Interest Amount (VM)}} will constitute an addition of an amount of cash in the {{csaprov|Base Currency}} comprised in the {{csaprov|Credit Support Balance (VM)}}; and
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| :::(II) if the {{isdaprov|Interest Amount (VM)}} for an {{isdaprov|Interest Period }} is a negative number, the {{isdaprov|Interest Amount (VM)}} will constitute a reduction to the amount of cash in the {{csaprov|Base Currency}} comprised in the {{csaprov|Credit Support Balance (VM)}} in an amount (such amount, the “{{csaprov|Interest Adjustment Reduction Amount (VM)}}”) equal to the absolute value of the {{isdaprov|Interest Amount (VM)}}; provided that if the amount in the {{csaprov|Credit Support Balance (VM)}} which is comprised of cash in the {{csaprov|Base Currency}} is less than the {{csaprov|Interest Adjustment Reduction Amount (VM)}}, such reduction will only be to the extent of the amount of such cash comprised in the {{csaprov|Credit Support Balance (VM)}} and the Transferor will be obliged to transfer the remainder of the {{csaprov|Interest Adjustment Reduction Amount (VM)}} to the Transferee on the day that such reduction occurred.
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