Letters of credit are counted as debt three (3) working days after denial; (c) obligations relating to or in relation to eligible securitization institutions; If, moreover, debt is calculated without taking into account the effects of the theme codification 815, derivatives and the coverage of accounting standards, and related interpretations to the extent that, if not, such effects would increase or decrease an amount of debt in any way, in accordance with this consultation, since the incorporated derivatives generated by the terms of such indebtedness or (d) deferred or prepaid income are taken into account. In order to avoid doubts, debt should not include royalties. (5) failure of the issuer or guarantor; which is a major subsidiary to pay final judgments that pay more than USD 150,000,000 (deducted from amounts covered by insurance policies by serious insurance companies) which, for a period of more than 90 days from the end of this decision, remain unpaid, unpaid and undone, and in the event that such a judgment is covered by insurance coverage , an enforcement procedure has been initiated by a creditor by a judgment or decree that is not immediately suspended; 5. This denouement of law or refusal of contract does not lead to a violation or violation of senior credit institutions, nor to any other important agreement, instrument or document (with respect to an instrument or document other than that) to which the issuer or guarantor is a party or to which the issuer or guarantor is bound (with other than those resulting from a loan of funds for payment of the pact and any similar and simultaneous deposit in relation to other debts and, in any case, the granting of Links and the resumption of other related transactions; (30) any charge or restriction (including put, call arrangements, day, drag, right to prior decision and similar rights) with respect to the capital stock of a joint venture or a similar agreement in the context of a joint venture or similar agreement; The LCT test date is the date indicated in the choice of the CSA; provided that: (a) is the date of the irrevocable notification of prepayment with respect to a debt down payment and b) for all other transactions with limited conditions, the date of final agreements for this transaction is limited. Section 4.5 Applicable legislation; Give up the jury trial. This Agreement, as well as all matters arising from this Agreement (contractual, unauthorized or otherwise), are interpreted in all respects in accordance with and governed by the physical laws of the State of New York, without the principles of the conflict of laws. The respective agreements, insurance, guarantees and other declarations of the seller and the buyer, as defined in this agreement, remain fully in force and effective, regardless of an investigation (or 1) of any outstanding debt of the issuer or guarantor in the context of “senior credit facilities” and related notes and guarantees (including interest on or after filing a bankruptcy application or similar proceeding or reorganization of the issuer in the record of the expected rate, regardless of whether or not a post-deposit interest interest fee is allowed in such a procedure) and all other taxes, expenses, allowances, penalties and other amounts (whether established or born at the date of issuance), as well as all obligations of the issuer or guarantor to reimburse a bank or other person the amounts paid in the letters of credit. , similar assumptions or instruments; (ii) instructions from Euroclear or Clearstream, if applicable, in accordance with applicable procedures, containing subscriber account information that is credited with such an increase; or (iv) enters into a general transfer to its creditors; or investments, in relation to each person, all of that person`s investments in other people (including affiliates) in the form of v