EFTA01360238.pdf

The Confirmation shall describe the Purchased Securities (including CUSIP or MIN or other identifying number or numbers. if any). identify Buyer and Seller and set forth - (i) the Purchase Date: (ii) the Purchase Price: (iii) the Repurchase Date, unless the Transaction is to be terminable on demand (in which case the Confirmation shall state that it is terminable on &mind): (iv) the Pricing Rate applicable to the Transaction: (v) in respect of each party the details of the bank accountisi to which payments to be made hereunder arc to be credited: (vi) where the Buy/Sell Back Annex applies, whether the Transaction is a Repurchase Transaction or a Buy/Sell Back Transaction: (vii) where the Agency Annex applies, whether the Transaction is an Agency Transaction and, if so. the identity of the party which is acting as agent and the name, code or identifier of the Principal: and (viii) any additional terms or conditions of the Transaction; and may be in the form of Annex II hereto or may be in any other form to which the parties agree. The Confirmation relating to a Transaction shall. together with this Agreement constitute prima facie evidence of the terms agreed between Buyer and Seller for that Transaction, unless objection is made with respect to the Confirmation promptly after receipt thereof. In the event of any conflict between the terms of such Confirmation and this Agreement, the Confirmation shall prevail in respect of that Transaction and those terms only. (c) On the Purchase Date for a Transaction. Seller shall transfer the Purchased Securities to Buyer or its agent against the payment of the Purchase Price by Buyer. (d) Termination of a Transaction will be effected, in the case of on demand Transactions, on the date specified for Termination in such demand, and. in the case of fixed term Transactions. on the date fixed for Teimination. (c) In the case of on demand Transactions, demand for Termination shall be made by Buyer or Seller, by telephone or otherwise, and shall provide for Termination to occur after not less than the minimum period as is customarily required for the settlement or delivery of money or Equivalent Securities of the relevant kind. On the Repurchase Date. Buyer shall transfer to Seller or its agent Equivalent Securities against the payment of the Repurchase Price by Seller (less am• amount then payable and unpaid by Buyer to Seller pursuant to paragraph 5). 4. Margin Maintenance (a) If at any time either party has a Net Exposure in respect of the other party it may by notice to the other party require the other party to make a Margin Transfer to it of an aggregate amount or value at least equal to that Net Exposure. (b) A notice under subparagraph (a) above may be given orally or in writing (c) For the purposes of this Agreement a party has a Net Exposure in respect of the other party if the aggregate of all the first party's Transaction Exposures plus any amount payable to the first party under paragraph 5 but unpaid less the amount of any Net Margin provided to the first party exceeds the aggregate of all the other par's Transaction Exposures plus any amount payable to the other party under paragraph 5 but unpaid less the amount of any Net Margin provided to the other party: and the amount of the Net Exposure is the amount of the excess. For this purpose any amounts not denominated in the Base Currency shall be converted into the Base Currency at the Spot Rate prevailing at the relevant time. (d) To the extent that a party calling for a Margin Transfer has previously paid Cash Margin which has not been repaid or delivered Margin Securities in respect of which Equivalent Margin Securities have not been delivered to it. that parry• shall be entitled to require that such Margin Transfer be satisfied first by 6 Confidential CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0048482 CONFIDENTIAL SDNY_GM_00194666 EFTA01360238