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nsferee entity of X, after taking into account any applicable Credit Support Document, is materially weaker immediately after the occurrence of such Designated Event than that of X immediately prior to the occurrence of such Designated Event (and, in any such event, such party or its successor, surviving or tran
below USD 15,000,000. For the purpose of the foregoing Termination Events specified in clauses (i) through (v) above, Party B shall be deemed to be the Affected Party and Party A shall not be an Affected Party. Part 2. Tax Representations. (a) Payer Tax Representations. For the purposes of Section 3(e) of this Agreement,
nsferee entity of X, after taking into account any applicable Credit Support Document, is materially weaker immediately after the occurrence of such Designated Event than that of X immediately prior to the occurrence of such Designated Event (and, in any such event, such party or its successor, surviving or tran
below USD 45,000,000. For the purpose of the foregoing Termination Events specified in clauses (i) through (v) above, Party B shall be deemed to be the Affected Party and Party A shall not be an Affected Party. Part 2. Tax Representations. (a) Payer Tax Representations. For the purposes of Section 3(e) of this Agreement,
nsferee entity of X, after taking into account any applicable Credit Support Document, is materially weaker immediately after the occurrence of such Designated Event than that of X immediately prior to the occurrence of such Designated Event (and, in any such event, such party or its successor, surviving or tran
below USD 45,000,000. For the purpose of the foregoing Termination Events specified in clauses (i) through (v) above, Party B shall be deemed to be the Affected Party and Party A shall not be an Affected Party. Part 2. Tax Representations. (a) Payer Tar Representations. For the purposes of Section 3(e) of this Agreement,
Entities connected to both Designated Event and the Affected Party and Party

Wales
LOCATIONthe Credit Support Provider of Party
ORGANIZATIONParty A's
ORGANIZATIONPayer Tax Representations
ORGANIZATIONThe "Cross
ORGANIZATIONParty B's Liquidity
ORGANIZATIONMultibranch Party
ORGANIZATION
United States
LOCATIONIndemnifiable Tax
ORGANIZATION
Andrew Cuomo
PERSON
Commodity Futures Trading Commission
ORGANIZATION
Force
ORGANIZATION
Auckland
LOCATION
Home Office
ORGANIZATIONthe State of New York
LOCATIONCFTC Regulation
ORGANIZATIONthe Affected Party's
ORGANIZATIONUnpaid
ORGANIZATIONNon-Reliance
ORGANIZATIONEmerging Markets Traders Association
ORGANIZATION