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Moody's, Standani & Poor's or any other rating agency. The Co-Issuers will request, within 20 Business Days after the Ramp-Up End Date. that each Rating Agency confirm its ratings of the Senior Notes within 30 Business Days after the Ramp-Up End Date. Use of Proceeds The Offering The proceeds of the issu
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
ge of dealers active in the relevant market designated by the Collateral Manager (provided that notice of such designation has been provided to each Rating Agency and Rating Confirmation has been received therefor from S&P). "Principal Balance-: Subject to certain rules of determination and calculation set fo
ent Date. "Permanent Regulation S Global Notes": The Senior Notes and Income Notes sold to non-U.S. Persons in offshore transactions in reliance on Regulation S. which will be represented following the Exchange Date by one or more permanent global notes in definitive, fully registered form without interest co
Moody's, Standani & Poor's or any other rating agency. The Co-Issuers will request, within 20 Business Days after the Ramp-Up End Date. that each Rating Agency confirm its ratings of the Senior Notes within 30 Business Days after the Ramp-Up End Date. Use of Proceeds The Offering The proceeds of the issu
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
he Cayman Islands. Bermuda. the Netherlands Antilles or the tax advantaged jurisdiction of the Channel Islands. or such other jurisdiction that each Rating Agency has confirmed in writing will not result in a qualification, downgrade or withdrawal of its then-current rating of any Class of Securities. "Tax E
herwise. "Temporary• Regulation S Global Notes": The Senior Notes and Income Notes sold to non-U.S. Persons in offshore transactions in reliance on Regulation S. which will be initially represented by one or more temporary global notes per Class in definitive. fully registered form without interest coupons at
Entities connected to both Rating Agency and Regulation S.

Moody's
ORGANIZATION
Eric Holder
PERSON
United States
LOCATIONThe Co-Issuers
ORGANIZATIONthe Initial Purchaser
ORGANIZATION
the Cayman Islands
LOCATIONthe Holders of the Income Notes
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATION
Bermuda
LOCATION
Norway
LOCATIONExcess Interest
ORGANIZATIONthe Channel Islands
LOCATIONLoan Pricing Corporation
ORGANIZATION
United Kingdom
LOCATIONClasses of Rated
ORGANIZATIONStandani & Poor's
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONthe Synthetic Security
ORGANIZATIONMarkit Group Limited
ORGANIZATION