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Amwelladmin (talk | contribs) (Created page with "::(B) if “'''{{csaprov|Interest Adjustment}}'''” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}, the {{csaprov|Credit Support Balance (VM)}} will be adjuste...") |
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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: | ::{{csaprov|5(c)(ii)(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: | ||
:::(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 | :::(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 | ||
:::(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. | :::(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. |