e Applicable Scenario Default Rate at such time from the Applicable Break-Even Default Rate at such time. "Applicable Issuer": With respect to (a) the Co-Issued Securities, the Co-Issuers and (b) the Issuer Only Notes, the Issuer. "Applicable Legend": With respect to any Class of Securities, the legend set forth in E

ements or, in the case of the Issuer, the Fiscal Agency Agreement; (B) the issuance of the Additional Securities (or, in the case of the Co-Issuer, the Co-Issued Securities) applied for will not result in a breach of any of the terms, conditions or provisions of, or constitute a default under its Governing Documents, a

ll conditions precedent provided in this Indenture relating to the authentication and delivery of the Securities (or, in the case of the Co-Issuer, the Co-Issued Securities) applied for have been complied with; (vi) fully executed counterparts of the Transaction Documents (other than the Indenture); (vii) authentic

bligations pursuant to a Securities Lending Agreement and the Co-Issuer shall not engage in any business or activity other than issuing and selling the Co-Issued Securities and, with respect to each of the Co- Issuers, such other activities which are necessary, suitable or convenient to accomplish the foregoing or are i

ements or, in the case of the Issuer, the Fiscal Agency Agreement; (B) the issuance of the Additional Securities (or, in the case of the Co-Issuer, the Co-Issued Securities) applied for will not result in a breach of any of the terms, conditions or provisions of, or constitute a default under its Governing Documents, a

ll conditions precedent provided in this Indenture relating to the authentication and delivery of the Securities (or, in the case of the Co-Issuer, the Co-Issued Securities) applied for have been complied with; (vi) fully executed counterparts of the Transaction Documents (other than the Indenture); (vii) authentic