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| {{ISDA New York Law Credit Support Annex 2016 Interest Rate (VM)}} | | {{ISDA New York Law Credit Support Annex 2016 Interest Rate (VM)}} |
| {{ISDA New York Law Credit Support Annex 2016 Legal Eligibility Requirements}} | | {{ISDA New York Law Credit Support Annex 2016 Legal Eligibility Requirements}} |
| | {{ISDA New York Law Credit Support Annex 2016 Legal Ineligibility Notice}} |
| {{ISDA New York Law Credit Support Annex 2016 Local Business Day}} | | {{ISDA New York Law Credit Support Annex 2016 Local Business Day}} |
| {{ISDA New York Law Credit Support Annex 2016 Minimum Transfer Amount}} | | {{ISDA New York Law Credit Support Annex 2016 Minimum Transfer Amount}} |
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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}} |
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| {{ISDA New York Law Credit Support Annex 2016 Local Business Day}}
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| “'''{{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>
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| “'''{{nyvmcsaprov|Notification Time}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Obligations}}'''” means, with respect to a party, all present and future obligations of that party under this Agreement and any additional obligations specified for that party in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Other CSA}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, any other credit support annex or credit support deed that is in relation to, or that is a {{isdaprov|Credit Support Document)}} in relation to, this Agreement.<br>
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| “'''{{nyvmcsaprov|Other CSA Excluded Credit Support}}'''” means, with respect to an {{nyvmcsaprov|Other CSA}}, any amounts and items posted as margin under such {{nyvmcsaprov|Other CSA}}, which, pursuant to the terms of such {{nyvmcsaprov|Other CSA}}, Party A and Party B have agreed must be segregated in an account maintained by a third-party custodian or for which offsets are prohibited.<br>
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| “'''{{nyvmcsaprov|Other Eligible Support (VM)}}'''” means, with respect to a party, the items, if any, specified as such for that party in Paragraph {{nyvmcsaprov|13}}.<br>
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| {{ISDA New York Law Credit Support Annex 2016 Other Posted Support (VM)}}
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| “'''{{nyvmcsaprov|Pledgor}}'''” means either party, when that party (i) receives a demand for or is required to {{nyvmcsaprov|Transfer}} {{nyvmcsaprov|Eligible Credit Support (VM)}} under Paragraph 3(a) or (ii) has {{nyvmcsaprov|Transfer}}red {{nyvmcsaprov|Eligible Credit Support (VM)}} under Paragraph 3(a).<br>
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| {{ISDA New York Law Credit Support Annex 2016 Posted Collateral (VM)}}
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| {{ISDA New York Law Credit Support Annex 2016 Posted Credit Support (VM)}}
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| “'''{{nyvmcsaprov|Recalculation Date}}'''” means the {{nyvmcsaprov|Valuation Date}} that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent {{nyvmcsaprov|Valuation Date}} occurs under Paragraph 3 prior to the resolution of the dispute, then the “'''{{nyvmcsaprov|Recalculation Date}}'''” means the most recent {{nyvmcsaprov|Valuation Date}} under Paragraph 3.<br>
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| “'''{{nyvmcsaprov|Regular Settlement Day}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, the same {{nyvmcsaprov|Local Business Day}} on which a demand for the {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} is made.<br>
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| “'''{{nyvmcsaprov|Resolution Time}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}. <br>
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| “'''{{nyvmcsaprov|Return Amount (VM)}}'''” has the meaning specified in Paragraph 3(b).<br>
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| “'''{{nyvmcsaprov|Return Amount Reduction (VM)}}'''” has the meaning specified in Paragraph 6(d)(ii)(A)(II).<br>
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| “'''{{nyvmcsaprov|Secured Party}}'''” means either party, when that party (i) makes a demand for or is entitled to receive {{nyvmcsaprov|Eligible Credit Support (VM)}} under Paragraph {{nyvmcsaprov|3(a)}} or (ii) holds or is deemed to hold {{nyvmcsaprov|Posted Credit Support (VM)}}.<br>
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| “'''{{nyvmcsaprov|Set-off}}'''” means {{nyvmcsaprov|Set-off}}, offset, combination of accounts, right of retention or withholding or similar right or requirement (whether arising under this Agreement, another contract, applicable law or otherwise) and, when used as a verb, the exercise of any such right or the imposition of any such requirement.<br>
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| {{ISDA New York Law Credit Support Annex 2016 Specified Condition}}
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| “'''{{nyvmcsaprov|Substitute Credit Support (VM)}}'''” has the meaning specified in Paragraph 4(d)(i).<br>
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| “'''{{nyvmcsaprov|Substitution Date}}'''” has the meaning specified in Paragraph 4(d)(ii).<br>
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| “'''{{nyvmcsaprov|Total Ineligibility Date}}'''” has the meaning specified in Paragraph 11(g) unless otherwise specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| {{ISDA New York Law Credit Support Annex 2016 Transfer}}
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| “'''{{nyvmcsaprov|Transfer Ineligibility Date}}'''” has the meaning specified in Paragraph 11(g) unless otherwise specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Valuation Agent}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Valuation Date}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, each day from, and including, the date of this Annex, that is a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one {{nyvmcsaprov|Valuation Date Location}} for Party A and at least one {{nyvmcsaprov|Valuation Date Location}} for Party B.<br>
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| “'''{{nyvmcsaprov|Valuation Date Location}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br>
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| “'''{{nyvmcsaprov|Valuation 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|Valuation Time}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, the time as of which the {{nyvmcsaprov|Valuation Agent}} computes its end of day valuations of derivatives {{isdaprov|Transaction}}s in the ordinary course of its business (or such other commercially reasonable convenient time on the relevant day as the {{nyvmcsaprov|Valuation Agent}} may determine).<br>
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| “'''{{nyvmcsaprov|Value}}'''” means for any {{nyvmcsaprov|Valuation Date}} or other date for which {{nyvmcsaprov|Value}} is calculated and subject to Paragraph 5 in the case of a dispute, with respect to:<br>
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| :{{nyvmcsaprov|(i)}} {{nyvmcsaprov|Eligible Collateral (VM)}} or {{nyvmcsaprov|Posted Collateral (VM)}} that is:<br>
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| ::(A) an amount of {{nyvmcsaprov|Cash}}, the {{nyvmcsaprov|Base Currency Equivalent}} of such amount multiplied by (VP – HFX); and<br>
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| ::(B) a security, the {{nyvmcsaprov|Base Currency Equivalent}} of the bid price obtained by the {{nyvmcsaprov|Valuation Agent}} multiplied by (VP – HFX), where:<br>
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| :::VP equals the applicable Valuation Percentage; and <br>
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| :::HFX equals the applicable '''{{nyvmcsaprov|FX Haircut Percentage)}}''';<br>
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| :{{nyvmcsaprov|(ii)}} {{nyvmcsaprov|Posted Collateral (VM)}} that consists of items that are not {{nyvmcsaprov|Eligible Collateral (VM)}} (including any item or any portion of any item that fails to satisfy any (A) {{nyvmcsaprov|Credit Support Eligibility Condition (VM))}} applicable to it or (B) applicable {{nyvmcsaprov|Legal Eligibility Requirements}}), zero; and<br>
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| :{{nyvmcsaprov|(iii)}} {{nyvmcsaprov|Other Eligible Support (VM) and Other Posted Support (VM)}}, as specified in Paragraph {{nyvmcsaprov|13}}.<br>
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