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In the case of a Synthetic Security, the Synthetic Security Counterparty or issuer, as the case may be, has a long-term senior unsecured rating by Moody's of at least "Al", and if rated "Al" by Moody's, such rating is not on watch for downgrade, and a long-term senior unsecured rating by. of at least
Qualified Purchaser and is purchasing such Note in accordance with Rule 144A or (ii) to a non-U.S. Person in an offshore transaction in reliance on Regulation S. No Income Note may be offered, sold or delivered at any time except (i) to a Qualified Institutional Buyer or Accredited Investor (provided that in
led payments or prepayments, and unscheduled sinking fund payments made at the option of the issuer thereof "U.S. Person": The meaning specified in Regulation S. "Weighted Average Fixed Rate Coupon": On any date of determination, with respect to any Collateral Obligations that bear interest at a fixed rate o
s, the Class C Notes and the Class D Notes. as to the likelihood of ultimate payment of interest and principal. Such ratings of the Senior Notes by Moody's represent Moody's view as to the ultimate cash receipt of all required payments on each such Senior Note as provided by its governing documents. Se
f the Investment Company Act ("Qualified Purchasers") and (ii) outside the United States to non-U.S. Persons in offshore transactions in reliance on Regulation S. The Income Notes am being offered (i) in the United States only to Qualified Institutional Buyers or Accredited Investors that in either case are a
s, the Class C Notes and the Class D Notes. as to the likelihood of ultimate payment of interest and principal. Such ratings of the Senior Notes by Moody's represent Moody's view as to the ultimate cash receipt of all required payments on each such Senior Note as provided by its governing documents. Se
f the Investment Company Act ("Qualified Purchasers") and (ii) outside the United States to non-U.S. Persons in offshore transactions in reliance on Regulation S. The Income Notes am being offered (i) in the United States only to Qualified Institutional Buyers or Accredited Investors that in either case are a
Entities connected to both Moody's and Regulation S.
Rating Agency
ORGANIZATION
United Kingdom
LOCATION
United States
LOCATION
Norway
LOCATION
Eric Holder
PERSON
the Cayman Islands
LOCATIONthe Initial Purchaser
ORGANIZATION
Bermuda
LOCATIONthe Moody's Assigned Rating
ORGANIZATION
John F. Kennedy
PERSONNational Association
ORGANIZATIONThe Co-Issuers
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONthe Channel Islands
LOCATIONCitigroup Global Markets Inc.
ORGANIZATIONthe Synthetic Security
ORGANIZATIONRegistrar
ORGANIZATIONthe Holders of the Income Notes
ORGANIZATIONStandani & Poor's
ORGANIZATIONExcess Interest
ORGANIZATION