Epstein Secrets

New York Mellon will act as depositary for each of Cleargrerun and Euroclear. Clearstream has advised us that it is incorporated under the laws of Luxembourg as a professional depositary. Clearstream holds securities for its participants and facilitates the clearance and settlement of securities transacti

or created. assumed or incurred after that date. including all indebtedness for money borrowed by another person that we guarantee. However. Senior Indebtedness does not include indebtedness that is stated not to be senior to or to have the same rank as the subordinated debt securities or other securities ha

o the transfer agent in accordance with their respective customary procedures. Clearstream has advised us that it is incorporated under the laws of Luxembourg as a professional depositary. Clearstream holds securities for its participants and facilitates the clearance and settlement of securities transact

less otherwise specified in the prospectus supplement relating to Senior Subordinated Debt Securities of a particular series offered thereby, Senior Indebtedness is defined in the Senior Subordinated Indenture as (a) all indebtedness and obligations (other than the Securities) of, or guaranteed or assumed by.

r potential conflicts of interest such as those described above. BRE Europe. BRE Europe Real Estate Investment ("BRE Europe") refers to a group of Luxembourg-based companies that are the master holding companies through which the ER305378-MAXWELL Blackstone Real Estate Partners Europe V 103 CONFIDENTIAL

he Partnership's Investments in a manner the General Partner believes is prudent. (Sec Section II: "Summary Terms of the Partnership—Incurrence of Indebtedness.") The use of leverage involves a high degree of financial risk and will increase the exposure of the Investments to adverse economic factors such a