Epstein Secrets

ner of such Italian Bonds which is a body corporate resident in Italy or in one of the jurisdictions listed in Decree of the Minister of Finance of the Republic of Italy dated 4th September, 1996 issued pursuant to Legislative Decree no. 239 of 1st April, 1996 having an appropriate double tax treaty with Italy (whet

50 on that service) as of 11:00 a.m., London time, on the date on which it is to be determined: (z) "Margin Ratio", with respect to a Transaction, the Market Value of the Purchased Securities at the time when the Transaction was entered into divided by the Purchase Price (and so that, where a T Miff IS 00038240 CONFIDENTIAL CONFIDENTIA

er of such Italian Bonds which is a body corporate resident in Italy or in one of the jurisdictions listed in I)ecree of the Minister of Finance of the Republic of Italy dated 4th September. 1996 issued pursuant to Legislative Decree no. 239 of 1st April. 1996 having an appropriate double tax treaty with Italy (whet

50 on that service) as of 11:00 a.m., London time. on the date on which it is to be determined: (7) "Margin Ratio", with respect to a Transaction. the Market Value of the Purchased Securities at the time when the Transaction was entered into divided by the Purchase Price (and so that. where a Transaction 3 Confidential CONFIDENTIAL SD

ner of such Italian Bonds which is a body corporate resident in Italy or in one of the jurisdictions listed in Decree of the Minister of Finance of the Republic of Italy dated 4th September, 1996 issued pursuant to Legislative Decree no. 239 of 1st April. 1996 having an appropriate double tax treaty with Italy (whet

50 on that service) as of 11:00 a.m., London time, on the date on which it is to be determined; (z) "Margin Ratio", with respect to a Transaction, the Market Value of the Purchased Securities at the time when the Transaction was entered into divided by the Purchase Price (and so that, where a Transaction CONFIDENTIAL — PURSUANT TO FED. R

ner of such Italian Bonds which is a body corporate resident in Italy or in one of the jurisdictions listed in Decree of the Minister of Finance of the Republic of Italy dated 4th September. 1996 issued pursuant to Legislative Deercc no. 239 of 1st April, 1996 having an appropriate double tax treaty with Italy (whet

ge 3750 on that service) as of 11:00 London time, on the date on which it is to be determined: (7) "Margin Ratio". with respect to a Transaction. the Market Value of the Purchased Securities at the time when the Transaction was entered into divided by the Purchase Price (and so that, where a Transaction 3 Confidential CONFIDENTIAL — P