: [F1+1 Series B Notes S&P: [A-1] Moody's: [P-I] Fitch: [FI] The ratings of the Commercial Paper Notes are based upon the credit quality of the Obligors and with respect to the Series A Notes only. the liquidity facility provided by the Federal Reserve. If the short-term rating of any Obligor falls

clude, among others, changes in interest rates, credit spreads. market financial or legal uncertainties, differences in the actual allocation of the Obligors among categories from those assumed, the timing and the number of Collateral Obligations that become Defaulted Obligations and of purchases and sale

cement Agent or their respective Affiliates may have had in the past and may in the future have business relationships and dealings with one or more Obligors and their Affiliates and may own equity or debt securities issued by such entities or their Affiliates. The Initial Purchaser and the Placement Age

come of the Issuer during the Collection Period as a result of the imposition of withholding tax on payments to the Issuer with respect to which the Obligors are not required to make gross-up payments that cover the full amount of such withholding taxes on an after-tax basis or (ii) a final determination

clude, among others, changes in interest rates, credit spreads. market financial or legal uncertainties, differences in the actual allocation of the Obligors among categories from those assumed, the timing and the number of Collateral Obligations that become Defaulted Obligations and of purchases and sale

come of the Issuer during the Collection Period as a result of the imposition of withholding tax on payments to the Issuer with respect to which the Obligors are not required to make gross-up payments that cover the full amount of such withholding taxes on an after-tax basis or (ii) a final determination

The method of determination by the Portfolio Advisor of the Market Value of a Collateral Obligation by using reference assets that are loans with Obligors, credit metrics, tenor, rate and contractual lender protection that are (in each case) comparable to such asset in the Portfolio Advisor's sole jud

the financial markets, which may affect the risk profile of the Issuer. These uncertainties could have a material adverse effect on the Issuer's and Obligors' business, financial condition, results of operations and prospects. My impact on Obligors could impair their ability to make payments due under th

ts and clients on a basis which the Portfolio Advisor or its affiliates, as the case may be, consider equitable. Obligor Relationships One or more Obligors on the Collateral Obligations may be a counterparty or other interested person with respect to one or more agreements, transactions or other arrange

modifications of each Note or the Loan Documents, or waivers of any term hereof or of the Loan Documents, or release or discharge by Bank of any of Obligors or release, substitution or exchange of any security for the payment hereof, or the failure to act on the part of Bank, or any indulgence shown by B

come of the Issuer during the Collection Period as a result of the imposition of withholding tax on payments to the Issuer with respect to which the Obligors are not required to make gross-up payments that cover the full amount of such withholding taxes on an after-tax basis or (ii) a final determination