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| {{ISDA New York Law Credit Support Annex 2016 Valuation Time}} | | {{ISDA New York Law Credit Support Annex 2016 Valuation Time}} |
| {{ISDA New York Law Credit Support Annex 2016 Value}} | | {{ISDA New York Law Credit Support Annex 2016 Value}} |
| “'''{{nyvmcsaprov|Distributions}}'''” means with respect to {{nyvmcsaprov|Posted Collateral (VM)}} other than {{nyvmcsaprov|Cash}}, all principal, interest and other payments and distributions of {{nyvmcsaprov|Cash}} or other property with respect thereto, regardless of whether the {{nyvmcsaprov|Secured Party}} has disposed of that {{nyvmcsaprov|Posted Collateral (VM)}} under Paragraph 6(c). {{nyvmcsaprov|Distributions}} will not include any item of property acquired by the {{nyvmcsaprov|Secured Party}} upon any disposition or liquidation of {{nyvmcsaprov|Posted Collateral (VM)}} or, with respect to any {{nyvmcsaprov|Posted Collateral (VM)}} in the form of {{nyvmcsaprov|Cash}}, any distributions on that collateral, unless otherwise specified herein.<br>
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| “'''{{nyvmcsaprov|Eligible Collateral (VM)}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Eligible Credit Support (VM)}}'''” means {{nyvmcsaprov|Eligible Collateral (VM)}} and {{nyvmcsaprov|Other Eligible Support (VM)}}.<br>
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| “'''{{nyvmcsaprov|Eligible Currency}}'''” means each currency specified as such in Paragraph {{nyvmcsaprov|13}}, if such currency is freely available. <br>
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| “'''{{nyvmcsaprov|Eligible Return Amount (VM)}}'''” has the meaning specified in Paragraph 6(d)(ii)(A)(I)(a).<br>
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| “'''{{nyvmcsaprov|Exposure}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, for any {{nyvmcsaprov|Valuation Date}} or other date for which {{nyvmcsaprov|Exposure}} is calculated and subject to Paragraph 5 in the case of a dispute:<br>
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| :{{nyvmcsaprov|(i)}} if this Agreement is a 1992 ISDA Master Agreement, the amount, if any, that would be payable to a party that is the {{nyvmcsaprov|Secured Party}} by the other party (expressed as a positive number) or by a party that is the {{nyvmcsaprov|Secured Party}} to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(2)(A) of this Agreement as if all {{nyvmcsaprov|Covered Transactions}} were being terminated as of the relevant {{nyvmcsaprov|Valuation Time}} on the basis that the {{nyvmcsaprov|Base Currency}} is the Termination Currency; provided that Market Quotation will be determined by the {{nyvmcsaprov|Valuation Agent}} on behalf of that party using its estimates at mid-market of the amounts that would be paid for Replacement {{isdaprov|Transaction}}s (as that term is defined in the definition of “Market Quotation”); and<br>
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| :{{nyvmcsaprov|(ii)}} if this Agreement is an ISDA 2002 Master Agreement or a 1992 ISDA Master Agreement in which the definition of Loss and/or Market Quotation has been amended (including where such amendment has occurred pursuant to the terms of a separate agreement or protocol) to reflect the definition of Close-out Amount from the pre-printed form of the ISDA 2002 Master Agreement as published by ISDA, the amount, if any, that would be payable to a party that is the {{nyvmcsaprov|Secured Party}} by the other party (expressed as a positive number) or by a party that is the {{nyvmcsaprov|Secured Party}} to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(1) (but without reference to clause (3) of Section 6(e)(ii)) of this Agreement as if all {{nyvmcsaprov|Covered Transactions}} were being terminated as of the relevant {{nyvmcsaprov|Valuation Time}} on the basis that the {{nyvmcsaprov|Base Currency}} is the Termination Currency; provided that the Close-out Amount will be determined by the {{nyvmcsaprov|Valuation Agent}} on behalf of that party using its estimates at mid-market of the amounts that would be paid for {{isdaprov|Transaction}}s providing the economic equivalent of (X) the material terms of the {{nyvmcsaprov|Covered Transactions}}, including the payments and deliveries by the parties under Section 2(a)(i) in respect of the {{nyvmcsaprov|Covered Transactions}} that would, but for the occurrence of the relevant {{isdaprov|Early Termination Date}}, have been required after that date (assuming satisfaction of the conditions precedent in Section 2(a)(iii)), and (Y) the option rights of the parties in respect of the {{nyvmcsaprov|Covered Transactions}}.<br>
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| “'''{{nyvmcsaprov|Fungible Credit Support Type}}'''” has the meaning specified in Paragraph 11(j)(iii).<br>
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| “'''{{nyvmcsaprov|FX Haircut Percentage}}'''” means, for any item of {{nyvmcsaprov|Eligible Collateral (VM)}}, the percentage specified as such in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Interest Adjustment Reduction Amount (VM)}}'''” has the meaning specified in Paragraph 6(d)(ii)(B)(II).<br>
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| “'''{{nyvmcsaprov|Interest Amount (VM)}}'''” means, with respect to an {{nyvmcsaprov|Interest Period}}, the aggregate sum of the {{nyvmcsaprov|Base Currency Equivalent}}s of the amounts of interest determined for each relevant currency and calculated for each day in that {{nyvmcsaprov|Interest Period}} on any {{nyvmcsaprov|Posted Collateral (VM)}} in the form of {{nyvmcsaprov|Cash}} in such currency held by the {{nyvmcsaprov|Secured Party}} on that day, determined by the {{nyvmcsaprov|Secured Party}} for each such day as follows:<br>
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| :{{nyvmcsaprov|(i)}} the amount of {{nyvmcsaprov|Cash}} in such currency on that day plus, only if “{{nyvmcsaprov|Daily Interest Compounding}}” is specified as applicable in Paragraph {{nyvmcsaprov|13}}, the aggregate of each {{nyvmcsaprov|Interest Amount (VM)}} in respect of such currency determined for each preceding day, if any, in that {{nyvmcsaprov|Interest Period}}; multiplied by<br>
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| :{{nyvmcsaprov|(ii)}} the {{nyvmcsaprov|Interest Rate (VM)}} in effect for that day; divided by<br>
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| :{{nyvmcsaprov|(iii)}} 360 (or, in the case of pounds sterling or any other currency specified as an “A/365 Currency” in Paragraph {{nyvmcsaprov|13}}, 365);<br>
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| provided that, unless “{{nyvmcsaprov|Negative Interest}}” is specified as applicable in Paragraph {{nyvmcsaprov|13}}, if the {{nyvmcsaprov|Interest Amount (VM)}} for an {{nyvmcsaprov|Interest Period}} would be a negative amount, it will be deemed to be zero.<br>
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| “'''{{nyvmcsaprov|Interest Payee (VM)}}'''” means, in relation to an {{nyvmcsaprov|Interest Payer (VM)}}, the other party.<br>
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| “'''{{nyvmcsaprov|Interest Payer (VM)}}'''” means the {{nyvmcsaprov|Secured Party}}; provided that if "{{nyvmcsaprov|Negative Interest}}" is specified as applicable in Paragraph {{nyvmcsaprov|13 }} and an {{nyvmcsaprov|Interest Payment (VM)}} is determined in respect of a negative {{nyvmcsaprov|Interest Amount (VM)}}, the {{nyvmcsaprov|Interest Payer (VM)}} in respect of such {{nyvmcsaprov|Interest Payment (VM)}} will be the {{nyvmcsaprov|Pledgor}}.<br>
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| “'''{{nyvmcsaprov|Interest Payment (VM)}}'''” means, with respect to an {{nyvmcsaprov|Interest Period}}, the {{nyvmcsaprov|Interest Amount (VM)}} determined in respect of such {{nyvmcsaprov|Interest Period}}; provided that in respect of any negative {{nyvmcsaprov|Interest Amount (VM)}}, the {{nyvmcsaprov|Interest Payment (VM)}} will be the absolute {{nyvmcsaprov|Value}} of such negative {{nyvmcsaprov|Interest Amount (VM)}}.<br>
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| “'''{{nyvmcsaprov|Interest Period}}'''” means the period from (and including) the last day on which (i) a party became obligated to {{nyvmcsaprov|Transfer}} an {{nyvmcsaprov|Interest Payment (VM)}} or (ii) an {{nyvmcsaprov|Interest Amount (VM)}} was included or otherwise became constituted as part of {{nyvmcsaprov|Posted Collateral (VM)}} (or, if no {{nyvmcsaprov|Interest Payment (VM)}} or {{nyvmcsaprov|Interest Amount (VM)}} has yet fallen due or been included or otherwise became constituted as a part of {{nyvmcsaprov|Posted Collateral (VM)}}, respectively, the day on which {{nyvmcsaprov|Eligible Credit Support (VM)}} in the form of {{nyvmcsaprov|Cash}} was {{nyvmcsaprov|Transfer}}red to or received by the {{nyvmcsaprov|Secured Party}}) to (but excluding) the day on which (i) a party is obligated to {{nyvmcsaprov|Transfer}} the current {{nyvmcsaprov|Interest Payment (VM)}} or (ii) the current {{nyvmcsaprov|Interest Amount (VM)}} is included or otherwise becomes constituted as a part of {{nyvmcsaprov|Posted Collateral (VM)}}.<br>
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| “'''{{nyvmcsaprov|Interest Rate (VM)}}'''” means, with respect to an {{nyvmcsaprov|Eligible Currency}}, the rate specified in Paragraph {{nyvmcsaprov|13 }} for that currency.<br>
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| “'''{{nyvmcsaprov|Legal Eligibility Requirements}}'''” has the meaning specified in Paragraph 11(g). “'''{{nyvmcsaprov|Legal Ineligibility Notice}}'''” has the meaning specified in Paragraph 11(g). <br>
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| {{ISDA New York Law Credit Support Annex 2016 Local Business Day}} | | {{ISDA New York Law Credit Support Annex 2016 Local Business Day}} |
| “'''{{nyvmcsaprov|Minimum Transfer Amount}}'''” means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.<br> | | “'''{{nyvmcsaprov|Minimum Transfer Amount}}'''” means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.<br> |