deemed to be an "ownership interest", which would be expected to include the Preferred Shares. Moreover, if the Issuer were a "covered fund" and an Initial Facility Lender were determined to have been an investment manager, investment adviser or sponsor, such Initial Facility Lender and affiliates thereof may no

third parties, including any Preferred Shareholder or Preferred Share Purchaser, and may acquire further Collateral Obligations from or through the Initial Facility Lenders or one or more of its affiliates. [In addition, the purchase of further Collateral Obligations by the Issuer is subject to the restrictions

es 1, 3 and 5 through 7) and (ii) executed with the consent of solely the Portfolio Advisor (on behalf of the Borrower), the Facility Agent and each Initial Facility Lender and the approval of DBRS.] "Sponsor" a private investor or fund who provides the equity or other subordinated investment for, and generally