tion, the party specified as such or as writer in the related Confirmation, which party grants to Buyer, upon the exercise or deemed exercise of the Swaption pursuant to the provisions of Article 13 of these 2006 Definitions, (A) if Cash Settlement is applicable, the right to cause Seller to pay to Buyer

rcise" is specified to be applicable to a Swaption, then the Notional Amount of the Underlying Swap Transaction not previously exercised under that Swaption will be deemed to be exercised at the Expiration Time on the Expiration Date if at such time Buyer is in-the-money, unless: (a) at such time the d

(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