Common use of Transfer Timing Clause in Contracts

Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.” (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next Local Business Day after the Demand Date”.

Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “"Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.”" (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next Local Business Day after the Demand Date”.:

Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.” (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next Local Business Day after the Demand Date”.:

Transfer Timing. (A) The final paragraph of Paragraph 3(a4(b) shall be deleted and replaced with in its entirety by the followingfollowing paragraph: “"Subject to Paragraph 4, Paragraphs 4(a) and 5 and unless otherwise specified, any transfer if a demand for the Transfer of Eligible Credit Support or Equivalent Posted Credit Support (whether is made by the Transferor pursuant to Paragraph 2(a) or by Notification Time, then the Transferee pursuant to Paragraph 2(b)) shall relevant Transfer will be made not later than the close of business on the Settlement Day.” (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next second Local Business Day thereafter; if a demand is made after the Demand Date”Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."

Transfer Timing. (A1) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “"Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.”" (B2) The definition of Settlement Day shall be deleted and replaced with the following: “"Settlement Day” " means the next Local Business Day after the Demand Date”.

Transfer Timing. ‌ (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.” (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next Local Business Day after the Demand Date”.

Transfer Timing. (Ai) The final paragraph of Paragraph 3(a) 3.1 shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) 2.1 or by the Transferee pursuant to Paragraph 2(b)2.2) shall be made not later than the close of business on the Settlement Day, provided that a demand was made by the Valuation Agent as per Paragraph 11.8(a).” (Bii) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” Day means the next Local Business Day after the Demand Date”. (iii) For the purposes of this Paragraph 11.8(a):

Transfer Timing. (A) The final paragraph of Paragraph 3(a4(b) shall be deleted and replaced with in its entirety by the followingfollowing paragraph: “Subject to Paragraph 4, Paragraphs 4(a) and 5 and unless otherwise specified, any transfer if a demand for the Transfer of Eligible Credit Support or Equivalent Posted Credit Support (whether is made by the Transferor pursuant to Paragraph 2(a) or by Notification Time, then the Transferee pursuant to Paragraph 2(b)) shall relevant Transfer will be made not later than the close of business on the Settlement Day.” (B) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next second Local Business Day thereafter; if a demand is made after the Demand DateNotification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter.”.

Transfer Timing. (A) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “"Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day.”" (B) The definition of Settlement Day shall be deleted and replaced with the following: “"Settlement Day” " means the next Local Business Day after the Demand Date”.

Transfer Timing. (Ai) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day, provided that a demand was made by the Valuation Agent as per Paragraph 11(h)(i).” (Bii) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” Day means the next Local Business Day after the Demand Date”. (iii) For the purposes of this Paragraph 11.8(a):

Transfer Timing. (Ai) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) 2.1 or by the Transferee pursuant to Paragraph 2(b)2.2) shall be made not later than the close of business on the Settlement Day, provided that a demand was made by the Valuation Agent as per Paragraph 11(h)(i).” (Bii) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” means the next Local Business Day after the Demand Date”.:

Transfer Timing. (Ai) The final paragraph of Paragraph 3(a) shall be deleted and replaced with the following: “Subject to Paragraph 4, and unless otherwise specified, any transfer of Eligible Credit Support or Equivalent Credit Support (whether by the Transferor pursuant to Paragraph 2(a) or by the Transferee pursuant to Paragraph 2(b)) shall be made not later than the close of business on the Settlement Day, provided that a demand was made by the Valuation Agent as per Paragraph 11.8(a).” (Bii) The definition of Settlement Day shall be deleted and replaced with the following: “Settlement Day” Day means the next Local Business Day after the Demand Date”. (iii) For the purposes of this Paragraph 11.8(a):