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is no Defaulting Party, equally by the parties. Paragraph 11. Miscellaneous (a) Default Interest A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledger (to the extent permitted under applicable law) an amount equal to interest at the Defau
esenting the quotient of (A) the portion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier Ill Currencies but not involving Tier IV Currencies, divided by (B) the Tier Ill Net Open Position, such number being determined and notified by Party A to Party
is no Defaulting Party, equally by the parties. Paragraph 11. Miscellanies' (a) Default Interest A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledgor (to the extent permitted under applicable law) an amount equal to interest at the Defau
esenting the quotient of (A) the portion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier Ill Currencies but not involving Tier IV Currencies, divided by (B) the Tier Ill Net Open Position, such number being determined and notified by Party A to Party
e is no Defaulting Party, equally by the parties. Paragraph 11. Miscellaneous (a) Dalai& Lateral A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledger (to the extent permitted under applicable law) an amount equal to interest at the Defau
esenting the quotient of (A) the portion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier Ill Currencies but not involving Tier IV Currencies, divided by (B) the Tier Ill Net Open Position, such number being determined and notified by Party A to Party
Entities connected to both Transfer of Posted Collateral and Tier Ill Currencies
Posted Collateral or Interest Amount
ORGANIZATIONExposure and Net Collateral Value
ORGANIZATIONthe Tier Ill Net Open Position
ORGANIZATIONthe Federal Reserve System
ORGANIZATIONIntermediary
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONthe State of New York
LOCATIONDebtor
ORGANIZATIONthe International Swaps and Derivatives Association, Inc.
ORGANIZATIONthe Substitute Credit Support
ORGANIZATIONthe Disputing Party
ORGANIZATIONthe Resolution Time
ORGANIZATIONTransfer of Eligible Collateral
ORGANIZATIONPosted Collateral is Transferred
ORGANIZATIONInterest Period
ORGANIZATIONThe "Interest Rate
ORGANIZATIONthe Local Business Day
ORGANIZATIONOther Eligible Support or Other Posted Support
ORGANIZATIONIndependent Amount or
ORGANIZATIONForeign Exchange Transactions
ORGANIZATION