Epstein Secrets

had not occurred. That opinion, in the case of defeasance but not covenant defeasance. must refer to and be based upon a ruling received by us from the Internal Revenue Service or published as a revenue ruling or be based upon a change in applicable federal income tax law. If we exercise our covenant defeasance option with

hased. securities loaned or sold under repurchase agreements. commercial paper and other borrowed funds. General Indenture Provisions that Apply to the Senior Debt Securities and the Subordinated Debt Securities Each indenture allows us to issue different types of debt securities, including indexed securities. Neither of

dents of the United States) subject to special treatment under U.S. federal income tax law. We have not requested and will not request a ruling from the Internal Revenue Service (the "IRS") with respect to any of the U.S. federal income tax issues discussed below or in the accompanying prospectus. Prospective investors shou

d in the applicable prospectus supplement, the trustee or the holders of not less than 25% in aggregate principal amount of each affected series of the Senior Debt Securities or the Subordinated Debt Securities, as the case may be, may declare the entire principal amount of all debt securities of such affected series due

y may obtain a refund of any amounts withheld under the backup withholding rules that exceed your income tax liability by filing a refund claim with the Internal Revenue Service. THE PRECEDING DISCUSSION OF THE MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES IS FOR GENERAL INFORMATION PURPOSES ONLY AND IS NOT BEING

ets, LLC or any other affiliate of the Company. 7 EFTA00597163 DESCRIPTION OF DEBT SECURITIES Summary The following description of the terms of the Senior Debt Securities and the Senior Subordinated Debt Securities to be issued by the Company (sometimes referred to as the "Debt Securities" in this "Description of Deb