est at a fixed rate may not exceed 5% of the Collateral Principal Amount; (viii) The Aggregate Principal Balance of Collateral Obligations that am Synthetic Securities, Collateral Obligations that are participations and Collateral Obligations of Obligors with a Domicile in a country rated below "AA'• by S&P may no

665, Attention: Asset Backed-CBO/CLO Surveillance or by e-mail to [email protected] (and, with respect to information regarding Synthetic Securities, by facsimile in legible form to facsimile no. (212) 438-2655, Attention: S&P Analytical Coordinator and by e- mail to cdo_surveillance@standardandp

nment from the selling institution) or indirectly (by purchasing a participation interest from the selling institution or through the acquisition of Synthetic Securities). As described in more detail below, holders of participation interests are subject to additional risks not applicable to a holder of a direct inter