|
|
| Line 6: |
Line 6: |
| :{{nycsaprov|6(b)(iii)}} '''{{nycsaprov|Liability}}'''. The {{nycsaprov|Secured Party}} will be liable for the acts or omissions of its {{nycsaprov|Custodian}} to the same extent that the {{nycsaprov|Secured Party}} would be liable hereunder for its own acts or omissions.<br> | | :{{nycsaprov|6(b)(iii)}} '''{{nycsaprov|Liability}}'''. The {{nycsaprov|Secured Party}} will be liable for the acts or omissions of its {{nycsaprov|Custodian}} to the same extent that the {{nycsaprov|Secured Party}} would be liable hereunder for its own acts or omissions.<br> |
| {{ISDA New York Law Credit Support Annex 1994 6(c)}} | | {{ISDA New York Law Credit Support Annex 1994 6(c)}} |
| {{nycsaprov|6(d)}} '''{{nycsaprov|Distributions and Interest Amount}}'''.<br> | | {{ISDA New York Law Credit Support Annex 1994 6(d)}} |
| :{{nycsaprov|6(d)(i)}} '''{{nycsaprov|Distributions}}'''. Subject to Paragraph {{nycsaprov|4(a)}}, if the {{nycsaprov|Secured Party}} receives or is deemed to receive {{nycsaprov|Distributions}} on a {{nycsaprov|Local Business Day}}, it will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} not later than the following {{nycsaprov|Local Business Day}} any {{nycsaprov|Distributions}} it receives or is deemed to receive to the extent that a {{nycsaprov|Delivery Amount}} would not be created or increased by that {{nycsaprov|Transfer}}, as calculated by the {{nycsaprov|Valuation Agent}} (and the date of calculation will be deemed to be a {{nycsaprov|Valuation Date}} for this purpose).<br>
| |
| :{{nycsaprov|6(d)(ii)}} '''{{nycsaprov|Interest Amount}}'''. Unless otherwise specified in Paragraph {{nycsaprov|13}} and subject to Paragraph {{nycsaprov|4(a)}}, in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}} (all of which may be retained by the {{nycsaprov|Secured Party}}), the {{nycsaprov|Secured Party}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} at the times specified in Paragraph {{nycsaprov|13}} the {{nycsaprov|Interest Amount}} to the extent that a {{nycsaprov|Delivery Amount}} would not be created or increased by that {{nycsaprov|Transfer}}, as calculated by the {{nycsaprov|Valuation Agent}} (and the date of calculation will be deemed to be a {{nycsaprov|Valuation Date}} for this purpose). The {{nycsaprov|Interest Amount}} or portion thereof not {{nycsaprov|Transfer}}red pursuant to this Paragraph will constitute {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}} and will be subject to the security interest granted under Paragraph {{nycsaprov|2}}.<br>
| |