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EFTA01353557

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the repayment of such Cash Margin or the delivery of Equivalent Margin Securities but, subject to this. the composition of a Margin Transfer shall be at the option of the party making such Margin Transfer. (e) Any Cash Margin transferred shall be in the Base Currency or such other currency as the panics may agree. It) A payment of Cash Margin shall give rise to a debt owing from the party receiving such payment to the party making such payment. Such debt shall bear interest at such rate, payable at such times, as may be specified in Annex t hereto in respect of the relevant currency or otherwise agreed between the parties, and shall be repayable subject to the terms of this Agreement. Where Seller or Buyer becomes obliged under subparagraph (a) above to make a Margin Transfer, it shall transfer Cash Margin or Margin Securities or Equivalent Margin Securities within the minimum period specified in Annex I hereto err. if no period is there specified, such minimum period as is customarily required for the settlement or delivery of money. Margin Securities or Equivalent Margin Securities of the relevant kind. (h) The parties may agree that. with respect to any Transaction, the provisions of subparagraphs (a) to (g) above shall not apply but instead that margin may be provided separately in respect of that Transaction in which ease -. that Transaction shall not be taken into account when calculating whether either party has a Net Exposure; (ii) margin shall be provided in respect of that Transaction in such manner as the parties may agree: and (i) (iii) margin provided in respect of that Transaction shall net be taken into account for the purposes of subparagraphs (a) to (g) above. The parties may agree that any Net Exposure which may arise shall be eliminated not by Margin Transfers under the preceding provisions of this paragraph but by the repricing of Transactions under subparagraph (j) below, the adjustment of Transactions under subpara

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