Optional Exchange. The exercise of an Optional Exchange in accordance with Section 7 of the Series Supplement, in which case, (1) a portion of the Notional Amount of the Transactions equal to the related Optional Exchange shall be terminated and (2) the Early Termination Date with respect to such portion of the Notional Amount of the Transactions shall be the related date the Optional Exchange is exercised. For the purposes the foregoing Additional Termination Event, Party B shall be the Affected Party.
Appears in 6 contracts
Sources: Series Supplement (Lehman Abs Corp Verizon Ny Debenture Backed Ser 2004-5), Series Supplement (Lehman Abs Corp Verizon Ny Debenture Backed Ser 2004-5), Series Supplement (Lehman Abs Corp Goldman Sachs Cap 1 Sec Backed Ser 2004-6)