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ivalent Securities or Equivalent Margin Securities to be delivered by the Defaulting Party; (iv) "Net Value" means at any time, in relation to any Deliverable Securities or Receivable Securities, the amount which, in the reasonable opinion of the non-Defaulting Party, represents their fair market value, having regard t
a Default Notice on the Defaulting Party; or (vi) an Act of Insolvency occurs with respect to Seller or Buyer and (except in the case of an Act of Insolvency which is the presentation of a petition for winding-up or any analogous proceeding or the appointment of a liquidator or analogous officer of the De
ns Equivalent Securities or Equivalent Margin Securities to be delivered by the Defaulting Party; "Net Value" means at any time, in relation to any Deliverable Securities or Receivable Securities. the amount which, in the reasonable opinion of the non-Defaulting Party, represents their fair market value, having regard t
erves a Default Notice on the Defaulting Pany; or an Act of Insolvency occurs with respect to Seller or Buyer and (except in the case of an Act of Insolvency which is the presentation of a petition for winding-up or any analogous proceeding or the appointment of a liquidator or analogous officer of the De
ivalent Securities or Equivalent Margin Securities to be delivered by the Defaulting Party; (iv) "Net Value" means at any time, in relation to any Deliverable Securities or Receivable Securities, the amount which, in the reasonable opinion of the non-Defaulting Party, represents their fair market value, having regard t
Default Notice on the Defaulting Party: or (vi) an Act of Insolvency occurs with respect to Seller or Buyer and (except in the case of an Act of Insolvency which is the presentation of a petition for winding-up or any analogous proceeding or the appointment of a liquidator or analogous officer of the De
Equivalent Securities or Equivalent Margin Securities to be delivered by the Defaulting Party: --hlet Value" means at any time, in relation to any Deliverable Securities or Receivable Securities, the amount which, in the reasonable opinion of the non-Defaulting Party, represents their fair market value, having regard t
rves a Default Notice on the Defaulting Party: or an Act of Insolvency occurs with respect to Seller or Buyer and (except in the case of an Act of Insolvency which is the presentation of a petition for winding-up or any analogous proceeding or the appointment of a liquidator or analogous officer of the De
Entities connected to both Deliverable Securities or and Insolvency

United States
LOCATIONthe Default Market Value
ORGANIZATION
Jeffrey Epstein
PERSONNon-Reliance
ORGANIZATIONDeutsche Bank AG London
ORGANIZATION
the Bank of England
ORGANIZATIONthe Republic of Italy
LOCATIONAccrued Interest
ORGANIZATION
Prince Andrew
PERSON
Frankfurt
LOCATION
Zurich
LOCATIONthe Securities and Exchange Commission
ORGANIZATIONDomestic Purchased Securities to Buyer
ORGANIZATIONEuroclear or Clearstream
ORGANIZATIONSecurities or Margin Securities
ORGANIZATIONthe Equivalent Securities and New Purchased Securities
ORGANIZATIONthe Appropriate Market
ORGANIZATIONSecurities and Equivalent Securities
ORGANIZATIONthe Agency Annex
ORGANIZATIONthe Gilts Annex
ORGANIZATION