Common use of Eligible Collateral Clause in Contracts

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentage (A) negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one year (B) negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years (C) negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years (D) negotiable debt obligations issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one year (F) Agency Securities having a remaining 94% maturity of more than one year but not more than five years (G) Agency Securities having a remaining 92% maturity of more than five years but not more than ten years (H) Agency Securities having a remaining 89% maturity of more than ten years (I) Cash 100% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "Eligible Collateral" (unless noted below) for Party A provided that the items specified A: 1. Cash in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION PercentageU.S. Dollars 100% 100% 100% 80% (A) 2. Fixed rate negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one yearyear 100% 100% 98% 78.4% (B) 3. Fixed rate negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years2 years 100% 99% 98% 78.4% (C) 4. Fixed rate negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five 2 years but not more than ten years3 years 100% 98% 98% 78.4% (D) 5. Fixed rate negotiable debt obligations issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one year (F) Agency Securities having a remaining 94% maturity of more than one year but not more than five years (G) Agency Securities having a remaining 92% maturity of more than five 3 years but not more than ten years5 years 100% 97% 98% 78.4% (H) Agency Securities 6. Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining 89% maturity of more than ten years (I) Cash 5 years but not more than 7 years 100% 95% 92.6% 74.1% (J) other Eligible Credit Support and Valuation Percentage agreed 7. Fixed rate negotiable debt obligations issued by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be U.S. Treasury Department having a remaining maturity of more than 7 years but not more than 10 years 100% with respect to 94% 92.6% 74.1% 8. Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a Valuation Date which is an Early Termination Date.remaining maturity of more than 10 years but not more than 20 years 100% 89% 87.9% 70.3% 9. Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity of more than 20 years 100% 87% 84.6% 67.7% 10. Floating rate negotiable debt obligations issued by the U.S. Treasury Department 100% 99% Not Eligible Collateral Not Eligible Collateral

Eligible Collateral. The following items will qualify as "“Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentage”: (A) negotiable debt obligations issued by 98% the U.S. Cash (B) Fixed-Rate Treasury Department having Securities with a remaining maturity of not more less than one year52 weeks (BC) negotiable debt obligations issued by 95% the U.S. Fixed-Rate Treasury Department having Securities with a remaining maturity of equal to or more than one year 52 weeks but not no more than five years (C) negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten 2 years (D) negotiable debt obligations issued by 90% the U.S. Fixed-Rate Treasury Department having Securities with a remaining maturity of equal to or more than ten 2 years but no more than 3 years (E) Agency Fixed-Rate Treasury Securities having with a remaining 97% maturity of not equal to or more than one year3 years but no more than 5 years (F) Agency Fixed-Rate Treasury Securities having with a remaining 94% maturity of equal to or more than one year 5 years but not no more than five years 7 years (G) Agency Fixed-Rate Treasury Securities having with a remaining 92% maturity of equal to or more than five 7 years but not no more than ten years 10 years (H) Agency Fixed-Rate Treasury Securities having with a remaining 89% maturity of equal to or more than ten 10 years but no more than 20 years (I) Cash 100% Fixed-Rate Treasury Securities with a remaining maturity of equal to or more than 20 years (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage Floating-Rate Treasury Securities with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.any remaining maturity

Eligible Collateral. The following items will qualify as "“Eligible Collateral" ” for the party specified: Eligible Collateral Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Valuation Percentage (A) negotiable debt obligations Cash in U.S. Dollars; provided that Cash may be invested in AAA-rated government, USD Treasury, or AAA-rated prime money market funds that are made available by the Collateral Manager from time to time X X 100% (B) US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one yearyear X X 100% (BC) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years5 years X X 100% (CD) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 93% the U.S. Treasury Department having a remaining maturity of more than five 5 years but not more than ten years10 years X X 99% (DE) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one yearyears X X 98% (F) Fully modified pass-through certificates (“GNMA Certificates”) in book-entry form which are guaranteed by the Government X 98% 25 National Mortgage Association; (G) AAA-rated securities backed by student loans under ▇▇▇▇▇▇ ▇▇▇ marketing Association (“SLMA”) X 95% (H) Supranational bonds issued by the International Bank for Reconstruction and Development, the European Investment Bank, the Council of Europe, the Asian Development Bank or the Inter-American Development Bank, or the Agency Securities having a for International Development, provided that such securities are rated AAA by Standard & Poors or Aaa by ▇▇▇▇▇’▇ Investors Service, and the remaining 94% maturity of more than one year but is: X (i) not more than five yearsyears 97% (Gii) Agency Securities having a remaining 92% maturity of more than five years but and not more than ten yearsyears 96% (Hiii) Agency Securities having a remaining 89% maturity of more than ten yearsyears 95% (Ii) Cash 100Corporate debt securities that are rated at least BBB- by Standard & Poors or Baa3 by ▇▇▇▇▇’▇ Investors Service at the issue level, in the following markets; Canada, UK, USA, Italy, France, Germany, Japan X 95% (ii) Convertible bonds that are rated at least BBB- by Standard & Poors or Baa3 by ▇▇▇▇▇’▇ Investors Service at the issue level, and which has an underlying equity that is a constituent of one of the following major indices; 95% Country Major Index Canada S&P/TSX 60 UK FTSE 100 USA S&P ▇▇▇ ▇▇▇▇▇ FTSE MIB France CAC 40 Germany DAX 30 26 Japan NIKKEE 225 (J) other Eligible Credit Support and Valuation Percentage agreed by (i) Common equities that are constituents of one of the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100G7 stock indices set forth below: X 95% with respect to a Valuation Date which is an Early Termination Date.Country Major Index Canada S&P/TSX 60 UK FTSE 100 USA S&P ▇▇▇ ▇▇▇▇▇ FTSE MIB France CAC 40 Germany DAX ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇

Eligible Collateral. The following items will qualify as "Valuation Percentages1 shall apply to Eligible Collateral" for Collateral with respect to Party A provided A; provided, however, that the items specified all Eligible Collateral shall be denominated in paragraphs (E), (F), (GUnited States Dollars. In circumstances where both Paragraph 13(b)(ii)(A) and (HB) will only qualify as "apply, the Valuation Percentage for an item of Eligible Collateral shall be calculated by reference to the paragraph which would result in the lower Valuation Percentage for such item of Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentage (A) . Collateral S&P Valuation Percentage for Eligible Counterparties S&P Valuation Percentage for Ineligible Counterparties Fitch Valuation Percentage ▇▇▇▇▇’▇ First Trigger Valuation Percentage ▇▇▇▇▇’▇ Second Trigger Valuation Percentage Cash 100% 80% 100% 100% 100% Fixed-rate negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity on such date of not more than one year (B) year 98.9% 79.1% 97.5% 100% 100% Fixed-rate negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity on such date of not more than five years 98.0% 78.4% 91.5% 100% 97% Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of more than one year but not more than five years (C) ten years 92.6% 74.1% 86.3% 100% 94% Fixed-rate negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity on such date of more greater than or equal to five years but not more less than or equal to ten years (D) years 92.6% 74.1% 86.3% 100% 94% Fixed-rate negotiable debt obligations issued by 90% the U.S. Treasury Department having a remaining maturity on such date of more than ten years (E) years 88.6% 70.9% 79% 100% 87% Fixed-rate U.S. Agency Securities Debentures having a remaining 97% maturity on such date of not more than one year year 98.5% 78.8% (F2) 100% 99% Fixed-rate and floating-rate U.S. Agency Securities Debentures having a remaining 94maturity on such date of not more than five years 98.0% 78.4% (3) 100% 96% Fixed-rate U.S. Agency Debentures having a remaining maturity on such date of more than one year but not more than five years ten years 92.6% 74.1% (G4) 100% 93% Fixed-rate and floating-rate U.S. Agency Securities Debentures having a remaining 92% maturity on such date of more greater than or equal to five years but not more less than or equal to ten years years 92.6% 74.1% (H5) 100% 93% Fixed-rate U.S. Agency Securities Debentures having a remaining 89% maturity on such date of more than ten years years 84.4% 67.5% (I6) Cash 100% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.86%

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B and the Standby Swap Provider of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party BB and the Standby Swap Provider: VALUATION PercentagePERCENTAGE (A) negotiable debt obligations issued by the 98% the U.S. Treasury Department having a remaining maturity of not more than one year (B) negotiable debt obligations issued by the 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years (C) negotiable debt obligations issued by the 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years (D) negotiable debt obligations issued by the 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one year (F) Agency Securities having a remaining 94% maturity of more than one year but not more than five years (G) Agency Securities having a remaining 92% maturity of more than five years but not more than ten years (H) Agency Securities having a remaining 89% maturity of more than ten years. (I) Cash cash in an Eligible Currency. 100% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "“Eligible Collateral" ” for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentageparty specified: (A) negotiable debt obligations Cash in U.S. Dollars; provided that Cash may be invested in AAA-rated government, USD Treasury, or AAA-rated prime money market funds that are made available by the Collateral Manager from time to time X X 100% (B) US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one yearyear X X 100% (BC) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years5 years X X 100% (CD) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 93% the U.S. Treasury Department having a remaining maturity of more than five 5 years but not more than ten years10 years X X 99% (DE) negotiable debt obligations US Treasury Securities (other than (i) interest-only securities and principal only securities and (ii) inflation linked securities) issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one yearyears X X 98% (F) Fully modified pass-through certificates (“GNMA Certificates”) in book-entry form which are guaranteed by the Government X 98% National Mortgage Association; (G) AAA-rated securities backed by student loans under ▇▇▇▇▇▇ ▇▇▇ marketing Association (“SLMA”) X 95% (H) Supranational bonds issued by the International Bank for Reconstruction and Development, the European Investment Bank, the Council of Europe, the Asian Development Bank or the Inter-American Development Bank, or the Agency Securities having a for International Development, provided that such securities are rated AAA by Standard & Poors or Aaa by ▇▇▇▇▇’▇ Investors Service, and the remaining 94% maturity of more than one year but is: X (i) not more than five years years 97% (Gii) Agency Securities having a remaining 92% maturity of more than five years but and not more than ten years (H) Agency Securities having a remaining 89% maturity of more than ten years (I) Cash 100years 96% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B and the Standby Swap Provider of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party BB and the Standby Swap Provider: VALUATION Valuation Percentage (A) negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one year (B) negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years (C) negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years (D) negotiable debt obligations issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one year (F) Agency Securities having a remaining 94% maturity of more than one year but not more than five years (G) Agency Securities having a remaining 92% maturity of more than five years but not more than ten years (H) Agency Securities having a remaining 89% maturity of more than ten years. (I) Cash cash in an Eligible Currency. 100% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "“Eligible Collateral" for ” (unless noted below)for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION PercentageA: (A) Cash in U.S. Dollars 100% 100% 100% 80% 100% (B) Fixed rate negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one yearyear 100% 100% 98.9% 79.1% 97.5% (BC) Fixed rate negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years2 years 100% 99% 98% 78.4% 91.5% (CD) Fixed rate negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five 2 years but not more than ten years3 years 100% 98% 98% 78.4% 91.5% (DE) Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturityof more than 3 years but not more than 5 years 100% 97% 98% 78.4% 91.5% (F) Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturityof more than 5 years but not more than 7 years 100% 96% 93.7% 75.0% 86.3% (G) Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturityof more than 7 years but not more than 10 years 100% 94% 92.6% 74.1% 86.3% (H) Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturityof more than 10 years but not more than 20 years 100% 90% 91.1% 72.9% 79% (I) Fixed rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity of more than ten years20 years 100% 88% 88.6% 70.9% 79% (EJ) Floating rate negotiable debt obligations issued by the U.S. Treasury Department 100% 99% Not Eligible Collateral Not Eligible Collateral (2) (K) Fixed rate U.S. Agency Securities Debentures having a remaining 97% maturity of maturityof not more than one yearyear 100% 99% 98% 78.4% (2) (FL) Fixed rate U.S. Agency Securities Debentures having a remaining 94% maturity of maturityof more than one year but not more than five years2 years 100% 98% 98% 78.4% (2) (GM) Fixed rate U.S. Agency Securities Debentures having a remaining 92% maturity of maturityof more than five 2 years but not more than ten years3 years 100% 97% 98% 78.4% (2) (HN) Fixed rate U.S. Agency Securities Debentures having a remaining 89% maturity of maturityof more than ten years3 years but not more than 5 years 100% 96% 98% 78.4% (2) (IO) Cash Fixed rate U.S. Agency Debentures having a remaining maturityof more than 5 years but not more than 7 years 100%% 94% 92.6% 74.1% (2) (JP) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Fixed rate U.S. Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be Debentures having a remaining maturityof more than 7 years but not more than 10 years 100% with respect to 93% 92.6% 74.1% (2) (Q) Fixed rate U.S. Agency Debentures having a Valuation Date which is an Early Termination Date.remaining maturityof more than 10 years but not more than 20 years 100% 88% 82.6% 66.1% (2) (R) Fixed rate U.S. Agency Debentures having a remaining maturityof more than 20 years 100% 86% 77.9% 62.3% (2) (S) Floating rate U.S. Agency Debentures 100% 98% Not Eligible Collateral Not Eligible Collateral (2)

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentage (Percentage A) negotiable debt obligations issued by the 98% the U.S. Treasury Department having a remaining maturity of not more than one year (year B) negotiable debt obligations issued by the 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years (years C) negotiable debt obligations issued by the 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years (years D) negotiable debt obligations issued by the 90% the U.S. Treasury Department having a remaining maturity of more than ten years (years E) Agency Securities having a remaining maturity 97% maturity of not more than one year (year F) Agency Securities having a remaining maturity 94% maturity of more than one year but not more than five years (years G) Agency Securities having a remaining maturity 92% maturity of more than five years but not more than ten years (years H) Agency Securities having a remaining maturity 89% maturity of more than ten years (years I) Cash 100% (% J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party B: VALUATION Percentage Percentage ---------- (A) negotiable debt obligations issued by the 98% the U.S. Treasury Department having a remaining maturity of not more than one year year (B) negotiable debt obligations issued by the 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years years (C) negotiable debt obligations issued by the 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years years (D) negotiable debt obligations issued by the 90% the U.S. Treasury Department having a remaining maturity of more than ten years years (E) Agency Securities having a remaining maturity 97% maturity of not more than one year year (F) Agency Securities having a remaining maturity 94% maturity of more than one year but not more than five years years (G) Agency Securities having a remaining maturity 92% maturity of more than five years but not more than ten years years (H) Agency Securities having a remaining maturity 89% maturity of more than ten years years (I) Cash 100% % (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.

Eligible Collateral. The following items will qualify as "Eligible Collateral" for Party A provided that the items specified in paragraphs (E), (F), (G) and (H) will only qualify as "Eligible Collateral" of Party A upon receipt by Party B and the Standby Swap Provider of an opinion as to the perfection of the Secured Party's security interest in such items in form and substance (and issued by legal counsel) satisfactory to Party BB and the Standby Swap Provider: VALUATION PercentagePERCENTAGE (A) negotiable debt obligations issued by 98% the U.S. Treasury Department having a remaining maturity of not more than one year (B) negotiable debt obligations issued by 95% the U.S. Treasury Department having a remaining maturity of more than one year but not more than five years (C) negotiable debt obligations issued by 93% the U.S. Treasury Department having a remaining maturity of more than five years but not more than ten years (D) negotiable debt obligations issued by 90% the U.S. Treasury Department having a remaining maturity of more than ten years (E) Agency Securities having a remaining 97% maturity of not more than one year (F) Agency Securities having a remaining 94% maturity of more than one year but not more than five years (G) Agency Securities having a remaining 92% maturity of more than five years but not more than ten years (H) Agency Securities having a remaining 89% maturity of more than ten years. (I) Cash cash in an Eligible Currency. 100% (J) other Eligible Credit Support and Valuation Percentage agreed by the parties and acceptable to each Designated Rating Agency Notwithstanding the foregoing to the contrary, the Valuation Percentage with respect to all Eligible Credit Support shall be deemed to be 100% with respect to a Valuation Date which is an Early Termination Date.