Execution copy and provided further that for the purposes of Paragraph 8(b) the words 'or been designated' shall be deleted in their entirety; (i) (e) Substitution. For the purposes of sub-Paragraph 5(aX1) the words 'Specified Condition' shall be deleted in their entirety. "Substitution Date' has the meaning specified in Paragraph 4(d)(1). Consent The Pledgor must obtain the Secured Party's prior consent to any substitution pursuant to Paragraph 4(d) and shall give to the Secured Party not less than two (2) Local Business Days notice thereof specifying the items of Posted Credit Support intended for substitution. (iii) Return Procedure. hi Paragraph 4(d)(i0 the words, not later than the Local Business Day following, shall be deleted and replaced with the words, as soon as practical after,. (f) Dispute Resolution. 'Resolution Time' means 4:00 p.m., London time, on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5. (i0 Value. For the purpose of Paragraphs 5(iXC) and 5(ii), on any date, the Value of Eligible Collateral and Posted Collateral will be calculated as follows: (A) with respect to any Cash• the amount thereof; (B) with respect to any Eligible Collateral comprising securities; the sum of (aXx) the last bid price on such date for such securities on the principal national securities exchange on which such securities are listed, multiplied by the applicable Valuation Percentage or (y) where any such securities are not hated on a national securities exchange, the bid price for such securities quoted as at the dose of business on such date by any principal market maker for such securities chosen by the Valuation Agent, multiplied by the applicable Valuation Percentage or (z) if no such bid price is fisted or quoted for such date, the last bid price listed or quoted (as the case may be), as of the day next preceding such date on which such prices were available; multiplied by the