(Reference Entity). Section 2.1 (Reference Entity) will be deleted in its entirety and replaced with the following
(Reference Entity). Reference Entity" means the entity or entities specified as such in the related Confirmation provided that, at the time that a Credit Derivative Transaction is entered into, any Reference Entity: must be an Indian Resident; and must not be a Related Party of Buyer or Seller. Any Successor to a Reference Entity either (a) identified by the Calculation Agent pursuant to Section 2.2 on or following the Trade Date or (b) in respect of which FIMMDA (or any other entity as nominated by RBI from time to time) publicly announces on or following the Trade Date that the Credit Derivatives Determinations Committee has Resolved, in respect of a Succession Event Resolution Request Date, a Successor in accordance with the Rules shall, in each case, be the Reference Entity for the relevant Credit Derivative Transaction or a New Credit Derivative Transaction as determined pursuant to such Section 2.2."
(Reference Entity). The borrower of the Reference Obligation identified as such in Annex I (as revised from time to time in accordance with this Confirmation). In addition, “Reference Entity”, unless the context otherwise requires, shall also refer to any guarantor of or other obligor on the Reference Obligation.
(Reference Entity). Any transaction in credit default swaps referencing the Notes and the Issuer as reference entity entered into by UBS or any of its affiliates to hedge UBS’ or its affiliates’ exposure in respect of such Notes shall be made at UBS’s sole and absolute discretion and for UBS’s own account; including how, when, whether or at what price to effect such transactions, including the price paid or received under credit default swaps, and the Issuer does not have, and shall not attempt to exercise, any influence over such matters.
