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<br /> . amount of principal due at maturity that cannot vary or change, ��if ra�e�d-6��&�,
<br /> must not have an "s"hi�hli�hter affixed to thel�r rating, (C) if such investments have a -� ,
<br /> . variable rate of interest, such interest rate must be tied to a single interest rate index plus "
<br /> .� -=� a fixed spread (if any)and must move proportionately wlth that index, and (D) such
<br /> -"' investments must not be subject to liquidation prior t� their maturity; (vii) commercial
<br /> paper (including both nan-interest-bearing discaunt obligations and interest-bearing '
<br /> obligations payable on demand or on a specified date not more than one year after the -- -�.:t�"
<br /> date of issuance thereof)with rnaturities of not more than 365 days ahd that is rated by '`���'''��``�`�L'
<br /> .,.�,.=--
<br /> each Rating Agency(or otherwise acceptable to each Rating Agency, as confirmed in � �=�'�����°-���
<br /> �;�; �=-_�-
<br /> writing that such investrnent would not,in and of itself, result in a downgrade, ;�:�;�� �.;_
<br /> qualification or withdrawal of the then cunent ratings assigned to any security issued in :r,"'=���-
<br /> • connection with a Securitization) in its highest short-term unsecured debt rating; ��*=��=.;=
<br /> � ' rovide o ever that the investruents described in this clause must (A) have a �.-w_
<br /> . ���..:;
<br /> ���� predetez�nined fuced dollar amount of principal due at maturity that cannat vary or �-
<br /> � change, (B) if rated by S&P, must not have an "r"highlighter affixed to their rating, (C) "�s4� _
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<br /> if such investments have a variable rate of interest, such interest rate must be tied to a _—_
<br /> � ��; single interest rate index plus a fixed spread (if any) and must move proportionately with '--___
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<br /> that index, and (D) such investments must not be subject to liquidation prior to their - -.
<br /> '�, maturity; (viii) the �ederated Prinze Obligation Money Market Fund (the "Fund") so =__==-
<br /> ��� long as the Fund is rated"AAArn"or "AAAm-G"by S&P, or the equivalent by each ��r�
<br /> � other Rating Agency(or otherwise acceptable to each Rating Agency, as confirmed in `�
<br /> . . ���.--
<br /> writing that such investment would not,in and of itself, result in a downgrade, � -
<br /> . quaUScation or withdrawal of the then current ratings assigned to any security issued in �.,�
<br /> � connecrion with a SecuritizaHon); (ix) any other demand, money market or time deposit, °
<br /> . demand obligation or any other obligation, security or investment, provided that each --
<br /> � Rating Ag�ncy has confinned in writing to Secured Party,that such investment would =--
<br />�.:., : not, in and of itself, result in a downgrade, qualiScation or withdrawal of the then cunent °`-
<br />='- ,`:�:.., ::.r ratings assigned to any security issued in cannection with a Seeuritiza�ion; and (x) such =
<br />�}�' other obligations as are acceptable as Permitted Investments to each Raung Agency,as -"—
<br /> -� "' confiraied in writing to Secured Party� that such obligations would not, in �nd of itself, _-
<br />'�:,�,,:.=:' result in a downgrade,qualification or withdrawal of the then cunent ratings assigned to _� -
<br />=--�-"�=--_� - any security issued in connection with a Securitizauon;
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<br /> �'� �� � rovi ed however. that, in the ud ent of the Secured P such insuument continues d'°�
<br />�,���°", ,r�- P�� .1 8m �Y� ��:
<br />��•y ` � :�� to qualify as a"cash flow uivestment" pursuant to Code Section 860G(a)(6)earning a �=--
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<br />�x�.,.:,{� -
<br /> �..�j;,:.., passive return in the nature af interest and�rdv_ided rther that no instrument or
<br /> -�_��;,,,� cP�»rit�r ct�a,�hP � p��itted Inves:ment if(i) such instrument or sACtrity evi�ences a `
<br />-��r�.r�:--.
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<br /> -�:-��_..,; right to receive only interest payAaents, (ii} the right to receivc principal and interest _
<br />�y,:..-:�_ payments derived from the underlyin� investment provides a yield to maturiry in excess of -�
<br />_,�;;�� 120% of the yisld to maturity at par of such underlying investment or (iu) such -
<br /> -'-_��'- investments have a rnaturity in excess of one yeaz. �;.
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<br /> � . � "Person"means any individual, corporation, limited liability company, =-___-
<br />� , pannership,joint venture, estate, trust, ufiincorporated association, or any otlier entity, = __ -___
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