property equivalent to that received in respect of such Securities resulting from such event. (h) In the event of any conflict between the terms of this Annex and the Agreement the terms of this Annex shall prevail. 3. lacome Payments (a) Subject as otherwise provided in this Annex or as otherwise agreed between the parties, where the Income paid or distributed b) the issuer of Purchased Securities or Margin Securities is not in the form of money but is in the form of other property. the obligation of a party under paragraph 5 of the Agreement to pay to the other party an amount equal to the amount paid by the issuer shall be construed as an obligation to transfer property equivalent to that distributed by the issuer. (b) The existing paragraph 5 of the Agreement shall be replaced by the following . aS. Income Payments (a) Unless otherwise agreed - (I) where the Term of a particular Transaction extends over an Income Payment Date in respect of any Securities subject to that Transaction which are not equities. Buyer shall on the date such Income is paid by the issuer transfer to or credit to the account of Seller an amount equal to (and in the same currency as) the amount paid by the issuer: (ii) when Margin Securities which arc not equities are transferred from one party (•the first party-) to the other party ("the second party") and an Income Payment Date in respect of such Securities occurs before Equivalent Margin Securities arc transferred by the second party to the first party, the second party shall on the date such Income is paid by the issuer transfer to or credit to the account of the first party at amount equal to (and in the same currency as) the amount paid by the issuer, and for the avoidance of doubt references in this subparagraph to the amount of Income paid by the issuer of any Securities shall be to an amount paid without any withholding or deduction for or on account of taxes or duties notwithstanding that a paymen