📄 Extracted Text (250 words)
(c) Valuation and Timing.
(i) "Valuation Agent" means: Party A.
(ii) "Valuation Date" means: Any Local Business Day.
(iii) "Valuation Time" means:
[l the close of business in the city of the Valuation Agent on the Valuation Date or date
of calculation, as applicable;
[X] the close of business on the Local Business Day before the Valuation Date or date of
calculation, as applicable;
provided that the calculations of Value and Exposure will be made as of approximately the
same time on the same date.
(iv) "Notification Time" means 1:00 pm, New York time, on a Local Business Day.
(d) Conditions Precedent and Secured Party's Rights and Remedies. Each Termination Event
specified below with respect to a party will be a "Specified Condition" for that party (the specified
party being the Affected Party if a Termination Event or Additional Termination Event occurs with
respect to that party):
Force Majeure
Illegality
Tax Event
Tax Event Upon Merger
Credit Event Upon Merger
The Additional Termination Events
specified in Part I (other than an
Elective Termination) of the Schedule
to this Agreement or any event which,
with the giving ofnotice or the lapse of
time or both, would constitute an
Additional Termination Event.
(e) Substitution.
(i) "Substitution Date" has the meaning specified in Paragraph 4(dXii).
(ii) Consent. If specified here as applicable, then the Pledgor must obtain the Secured Party's
consent for any substitution pursuant to Paragraph 4(d): Inapplicable
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0083092
CONFIDENTIAL SDNY_GM_00229276
EFTA01383388
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EFTA01383388
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