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EFTA01353559

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Id) Subject to and without prejudice to the provisions of subparagraph 6(c), either party may from time to time in accordance with market practice and in recognition of the practical difficulties in arranging simultaneous delisay of Securities and money waive in relation to any Transaction its rights under this Agreement to receive simultaneous transfer and/or payment provided that transfer and/or payment shall, notwithstanding such waiver. he made on the same day and provided also that no such waiver in respect of one Transaction shall affect nr bind it in respect of any other Transaction. le) The parties shall execute and deliver all necessary documents and take all necessary steps to procure that all right. title and interest in any Purchased Securities, any Equivalent Securities, any Margin Securities and any Equivalent Margin Securities shall pass to the party to which transfer is being made upon transfer of the same in accordance with this Agreement, free from all liens. claims, charges and encumbrances. (0 Notwithstanding the use of expressions such as "Repurchase Date", "Repurchase Price'. "margin", "Net Margin". "Margin Ratio" and -substitution", which are used to reflect terminology used in the market for transactions of the kind presided for in this Agreement, all right, title and interest in and to Securities and money transferred or paid under this Agreement shall pass to the transferee upon transfer or payment, the obligation of the party receiving Purchased Securities or Margin Securities being an obligation to transfer Equivalent Securities or Equivalent Margin Securities. (g) Time shall be of the essence in this Agreement. (1O Subject to paragraph 10. all amounts in the same currency payable by each party to the other under any Transaction or otherwise under this Agreement on the same date shall be combined in a single calculation of a net sum payable by one party to the other and the obligation to pay that sum shall be the

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