Common use of Eligible Credit Support Clause in Contracts

Eligible Credit Support. On any date: (i) for the purpose of ▇▇▇▇▇’▇ the collateral specified in Appendix A will qualify as Eligible Credit Support for Party A and Valuation Percentages shall apply as set out in such table; and (ii) for the purpose of Fitch the following items will qualify as Eligible Credit Support for Party A and Valuation Percentage shall apply as set out below: (A) cash in an Eligible Currency 100%. (B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than one year (with local and foreign currency issuer ratings of AAA by S&P or above). The applicable Advance Rate, if any (the Advance Rate), under the heading “Notes Rating/AAA” in the table entitled “Advance Rates (%)” in Appendix 3 to Fitch’s Structured Finance Report entitled “Counterparty Risk in Structured Finance Transactions: Swap Criteria” dated 13 September 2004 (the Fitch Report).

Eligible Credit Support. On any date: (i) for the purpose of ▇▇▇▇▇’▇ the collateral specified in Appendix A 1 will qualify as Eligible Credit Support for Party A and Valuation Percentages shall apply as set out in such table; and (ii) for the purpose of Fitch the following items will qualify as Eligible Credit Support for Party A and Valuation Percentage shall apply as set out below: (A) cash in an Eligible Currency 100%. (B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than one year (with local and foreign currency issuer ratings of AAA by S&P or above). The applicable Advance Rate, if any (the Advance Rate), under the heading “Notes Rating/AAA” in the table entitled “Advance Rates (%)” in Appendix 3 to Fitch’s Structured Finance Report entitled “Counterparty Risk in Structured Finance Transactions: Swap Criteria” dated 13 September 2004 (the Fitch Report).