of capacities in connection with the transaction described herein. Affiliates of the Initial Purchaser and Placement Agent may, for example, act as a Synthetic Security Counterparty. The Initial Purchaser and the Placement Agent and each of their Affiliates acting in such capacities will have only the duties and responsibilitie

mited to, tax liens. "Synthetic Security": Any derivative financial instrument with respect to one or more Reference Obligations entered into with a Synthetic Security Counterparty whether in the form of a swap transaction. structured bond investment, credit-linked note, credit-linked certificate or other similar instrument (in

ion 897(c)(2) of the Code for U.S. federal income tax purposes. (c) Synthetic Securities will not be used as a means of making future advances to a Synthetic Security Counterparty. (d) The Issuer and the Collateral Manager, in acting on behalf of the Issuer, will comply with all restrictions contained in Schedule A to the Co