Epstein Secrets

SDA Defmitions except to the extent that the following terms are inconsistent with those elections.] [In the case ofa Swaption not forming part ofa Swaption Straddle. include:) [The Swap Transaction to which this Confirmation relates is a Swaption, the terms of which are as follows:I (In the case ofa S'waption

Straddle. include:] [The Swap Transaction to which this Confirmation relates is a Swaption Straddle. The terms of each Swaption that comprises this Swaption Straddle arc as follows:] I. Swaption Terms: Trade Date: Option Style: [American/Bermuda/European] Seller [Party AM] Buyer: [Party B/A] Premium: Pr

sponding Swaption together constitute a Swaption Stniddle for purposes of the 2006 ISDA Definitions and. in particular. the Buyer's rights under the Swaptions constituting the Swaption Straddle are subject to the provisions of Section 13.10 of the 2006 ISDA Definitions." 119 CONFIDENTIAL - PURSUANT TO FE

Section 11.3. Swaption Straddle. "Swaption Straddle" means a Swap Transaction that is identified in the related Confirmation or Confirmations as a Swaption Straddle or Straddle and

means a Swap Transaction that is identified in the related Confirmation or Confirmations as a Swaption Straddle or Straddle and which comprises two Swaptions, one in respect of an Underlying Swap Transaction that is an Underlying Payer Swap and one in respect of an Underlying Swap Transaction that is an U

faith and in a commercially reasonable manner. Section 13.10. Exercise of Swaption Straddles. (a) European style. In the case of a European style Swaption Straddle, on the Expiration Date Buyer may exercise either the Swaption in respect of the Underlying Payer Swap or the Swaption in respect of the Underlying

t of the Underlying Payer Swap or the Swaption in respect of the Underlying Receiver Swap. If, on the Expiration Date, Buyer exercises one of these Swaptions or one of these Swaption is deemed to be exercised pursuant to the provisions of Section 13.7 (Automatic Exercise) or Section 13.8 (Fallback Exercis