y Investor acquired a 38% interest in ore of the Company's project entries in the form d shareholder bans The shareholder loans consisted of 5337 of Tranche A shareholder loans and 5553 of Tranche B shareholder bans The interest rate on the Trend* A shareholder bans is 4% while the Tranche B shareholder

that (i) investor-specific expenses (including investor- related taxes) may be borne by the investor to which they relate and (ii) investors of a PM Tranche will bear any and all costs and expenses exclusive to such PM Tranche, including the costs and expenses related to the establishment of such PM Tran

egy is capacity constrained. Conversely, if there are losses with respect to a particular PM Tranche that exceed the assets associated with such PM Tranche's investment strategy, and such strategy is leveraged (which may be the case for the Management Company's strategies), losses in such PM Tranche in

upon launch TABX tranches materially declined, indicating that the value of many CDOs had plunged. As depicted in the chart below, the Senior TABX Tranche dropped from a price of nearly 100 in mid-February 2007, to around 85 by the end of February 2007. Indeed, the TABX continued to fall significantly