Epstein Secrets

l Settlement is applicable, the right to cause the Underlying Swap Transaction to become effective; (ii) in respect of a Swap Transaction to which Optional Early Termination is applicable, (A) the party specified as such or as writer in the related Confirmation or (B) if neither party is specified as such or as writer i

r the Cash Settlement Amount, if any, on the relevant Cash Settlement Payment Date and (B) if Physical Settlement is applicable, the right to cause the Underlying Swap Transaction to become effective; (ii) in respect of a Swap Transaction to which Optional Early Termination is applicable, (A) the party specified as such or a

Seller is out-of-the-money, in the lower absolute value of the Cash Settlement Amount; provided that, if, in respect of a Swap Transaction to which Optional Early Termination is specified to be applicable, an Event of Default or Potential Event of Default under the ISDA Master Agreement (other than a Potential Event of D

ction. "Relevant Swap Transaction" means: (i) in respect of a Swaption and in respect of an Exercise Date, a Swap Transaction on the same terms as the Underlying Swap Transaction but with a Notional Amount equal to the Notional Amount of the Underlying Swap Transaction exercised or deemed exercised on that Exercise Date; (i

may be a -bid", "ask" or "mid" rate; or (ii) if "Exercising Party Pays" is specified in the related Confirmation for a Swap Transaction to which Optional Early Termination is applicable, the rate, which may be a -bid" or "ask" rate, which would result, if Seller is in-the-money, in the higher absolute value of the Cash

the currency, if any, specified as such in the related Confirmation, and, if no currency is specified as such in the related Confirmation: (i) if the Underlying Swap Transaction or the Swap Transaction, as appropriate, involves one currency. that currency; or (ii) if the Underlying Swap Transaction or the Swap Transaction,