Common use of Unless otherwise agreed Clause in Contracts

Unless otherwise agreed. (a) where the Purchased Securities the subject of a Transaction consist of or include equities in respect of which an Income Payment Date would, but for this provision, occur during the Term of such Transaction, the Seller shall seek to effect a substitution of such equities in accordance with clause 8.1. before the Notice Date referred to in clause 5.3., but if such a substitution has not been effected by that date then Termination of such Transaction shall, provided that the Seller has notified the Buyer of such Termination in accordance with clause 5.3., occur on, and, accordingly, the Repurchase Date of such Transaction shall fall on, the Business Day immediately preceding such Income Payment Date.