Exhibit 10.10

		Master Repurchase
	 Agreement
	 	

	 	 September 1996 Version


	 	 	 
	 	 	 
	 	 	 
	 	
Dated as of: 
        	
July 8, 2005 
        
	 	

    	

    
	 	
Between: 
        	
          Greenwich Capital Markets, Inc. 
        
	 	

    	

    
	 	
and: 
        	
Greenwich Street Capital Corp. 
        
	 	

    	

    




	
1.	
Applicability  
	 
	 	
From time to time the parties hereto may enter into transactions in which one party (“Seller”) agrees to transfer to the other (“Buyer”) securities or other assets (“Securities”) against the transfer
of funds by Buyer, with a simultaneous agreement by Buyer to transfer to Seller such Securities at a date certain or on demand, against the transfer of funds by Seller. Each such transaction shall be referred to herein as a “Transaction”
and, unless otherwise agreed in writing, shall be governed by this Agreement, including any supplemental terms or conditions contained in Annex I hereto and in any other annexes identified herein or therein as applicable hereunder.  
	 
	
2.	
Definitions    
	 
	 	
(a)	
“Act of Insolvency”, with respect to any
party, (i) the commencement by such party as debtor
of any case or proceeding under any bankruptcy, insolvency, reorganization,
liquidation, moratorium, dissolution, delinquency or similar law, or such party
seeking the appointment or election of a receiver, conservator, trustee, custodian
or similar official for such party or any substantial part of its property, or
the convening of any meeting of creditors for purposes of commencing any such
case or proceeding or seeking such an appointment or election, (ii) the
commencement of any such case or proceeding against such party, or another seeking such
an appointment or election, or the filing against a party of an application for
a protective decree under the provisions of the Securities Investor Protection
Act of 1970, which (A) is consented to or not timely contested by such party,
(B) results in the entry of an order for relief, such an appointment or election,
the issuance of such a protective decree or the entry of an order having a similar
effect, or (C) is not dismissed within 15 days, (iii) the making by such party
of a general assignment for the benefit of creditors, or (iv) the admission in
writing by such party of such party’s inability to pay such party’s
debts as they become due; 
	 	 
	 	
(b)	
“Additional Purchased Securities”, Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;        
	 
	 	
(c)	
“Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the Repurchase Price for such Transaction as of such
date;    
	 

















	 	
(d)	
“Buyer’s Margin Percentage”, with respect to any Transaction as of any date, a percentage (which may be equal to the Seller’s Margin Percentage) agreed to by Buyer and Seller or, in the absence of any such
agreement, the percentage obtained by dividing the Market Value of the Purchased Securities on the Purchase Date by the Purchase Price on the Purchase Date for such Transaction;        
	 
	 	
(e)	
“Confirmation”, the meaning specified in Paragraph 3(b) hereof;     
	 
	 	
(f)	
“Income”, with respect to any Security at any time, any principal thereof and all interest, dividends or other distributions thereon;       
	 
	 	
(g)	
“Margin Deficit”, the meaning specified in Paragraph 4(a) hereof;   
	 
	 	
(h)	
“Margin Excess”, the meaning specified in Paragraph 4(b) hereof;    
	 
	 	
(i)	
“Margin Notice Deadline”, the time agreed to by the parties in the relevant Confirmation, Annex I hereto or otherwise as the deadline for giving notice requiring
same-day satisfaction of margin maintenance obligations
as provided in Paragraph 4 hereof (or, in the absence of any such agreement, the deadline for such purposes established in accordance with market practice);     
	 
	 	
(j)	
“Market Value”, with respect to any Securities as of any date, the price for such Securities on such date obtained from a generally recognized source agreed to by the parties or the most recent closing bid quotation from
such a source, plus accrued Income to the extent not included therein (other than any Income credited or transferred to, or applied to the obligations of, Seller pursuant to Paragraph 5 hereof) as of such date (unless contrary to market practice for
such Securities);        
	 
	 	
(k)	
“Price Differential”, with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a
360-day-per-year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential
previously paid by Seller to Buyer with respect to such Transaction);    
	 
	 	(1) 	
“Pricing Rate”, the per annum percentage rate for determination of the Price Differential;      
	 
	 	
(m)	
“Prime Rate”, the prime rate of U.S. commercial banks as published in The Wall Street Journal (or, if more than one such rate is published, the average of such
rates);  
	 
	 	
(n)	
“Purchase Date”, the date on which Purchased Securities are to be transferred by Seller to Buyer;   
	 
	 	
(o)	
“Purchase Price”, (i) on the Purchase Date, the price at which Purchased Securities are transferred by Seller to Buyer, and (ii) thereafter, except where Buyer and Seller agree otherwise, such price increased by the
amount of any cash transferred by Buyer to Seller pursuant to Paragraph 4(b) hereof and decreased by the amount of any cash transferred by Seller to Buyer pursuant to Paragraph 4(a) hereof or applied to reduce Seller’s obligations under clause
(ii) of Paragraph 5 hereof;      
	 
	 	
(p)	
“Purchased Securities”, the Securities transferred by Seller to Buyer in a Transaction hereunder, and any Securities substituted therefor in accordance with Paragraph 9 hereof. The term “Purchased Securities”
with respect to any Transaction at any time also shall include   
	 



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	 	 	 Additional Purchased Securities delivered
    pursuant to Paragraph 4(a) hereof and shall exclude Securities returned pursuant
    to Paragraph 4(b) hereof; 
	 
	 	
(q)	
“Repurchase Date”, the date on which Seller is to repurchase the Purchased Securities from Buyer, including any date determined by application of the provisions of Paragraph 3(c) or 11 hereof;    
	 
	 	
(r)	
“Repurchase Price”, the price at which Purchased Securities are to be transferred from Buyer to Seller upon termination of a Transaction, which will be determined in each case (including Transactions terminable upon
demand) as the sum of the Purchase Price and the Price Differential as of the date of such determination;        
	 
	 	
(s)	
“Seller’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Seller’s Margin Percentage to the Repurchase Price for such Transaction as of such
date;    
	 
	 	
(t)	
“Seller’s Margin Percentage”, with respect to any Transaction as of any date, a percentage (which may be equal to the Buyer’s Margin Percentage) agreed to by Buyer and Seller or, in the absence of any such
agreement, the percentage obtained by dividing the Market Value of the Purchased Securities on the Purchase Date by the Purchase Price on the Purchase Date for such Transaction.        
	 
	
3.	
Initiation; Confirmation; Termination  
	 
	 	
(a)	
An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent
against the transfer of the Purchase Price to an account of Seller.      
	 
	 	
(b)	
Upon agreeing to enter into a Transaction hereunder,
Buyer or Seller (or both), as shall be agreed, shall promptly deliver to the
other party a written confirmation of each Transaction (a “Confirmation”).
The  Confirmation shall describe the Purchased Securities (including CUSIP number,
if any), identify Buyer and Seller and set forth (i) the Purchase Date, (ii)
the Purchase Price, (iii) the Repurchase Date, unless the Transaction is to be
terminable on  demand, (iv) the Pricing Rate or Repurchase Price applicable to
the Transaction, and (v) any additional terms or conditions of the Transaction
not inconsistent with this Agreement. The Confirmation,
together with this Agreement, shall constitute conclusive evidence of the terms
agreed between Buyer and Seller with respect to the Transaction to which the
Confirmation relates, unless with respect to the Confirmation specific objection
is made promptly after receipt thereof. In the event of any conflict between
the terms of such Confirmation and this Agreement, this Agreement shall prevail. 
	 	 	 
	 	
(c)	
In the case of Transactions terminable upon demand, such demand shall be made by Buyer or Seller, no later than such time as is customary in accordance with market practice, by telephone or otherwise on or prior to the business
day on which such termination will be effective. On the date specified in such demand, or on the date fixed for termination in the case of Transactions having a fixed term, termination of the Transaction will be effected by transfer to Seller or its
agent of the Purchased Securities and any Income in respect thereof received by Buyer (and not previously credited or transferred to, or applied to the obligations of, Seller pursuant to Paragraph 5 hereof) against the transfer of the Repurchase
Price to an account of Buyer.    
	 



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4.	
Margin Maintenance     
	 
	 	
(a)	
If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as Buyer is less than the aggregate Buyer’s Margin Amount for all such
Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions, at Seller’s option, to transfer to Buyer cash or additional Securities reasonably acceptable to Buyer (“Additional
Purchased Securities”), so that the cash and aggregate Market Value of the Purchased Securities, including any such Additional Purchased Securities, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (decreased by the amount
of any Margin Deficit as of such date arising from any Transactions in which such Buyer is acting as Seller).    
	 
	 	
(b)	
If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as Seller exceeds the aggregate Seller’s Margin Amount for all such Transactions
at such time (a “Margin Excess”), then Seller may by notice to Buyer require Buyer in such Transactions, at Buyer’s option, to transfer cash or Purchased Securities to Seller, so that the aggregate Market Value of the Purchased
Securities, after deduction of any such cash or any Purchased Securities so transferred, will thereupon not exceed such aggregate Seller’s Margin Amount (increased by the amount of any Margin Excess as of such date arising from any Transactions
in which such Seller is acting as Buyer).        
	 
	 	
(c)	
If any notice is given by Buyer or Seller under subparagraph (a) or (b) of this Paragraph at or before the Margin Notice Deadline on any business day, the party receiving such notice shall transfer cash or Additional Purchased
Securities as provided in such subparagraph no later than the close of business in the relevant market on such day. If any such notice is given after the Margin Notice Deadline, the party receiving such notice shall transfer such cash or Securities
no later than the close of business in the relevant market on the next business day following such notice.       
	 
	 	
(d)	
Any cash transferred pursuant to this Paragraph shall be attributed to such Transactions as shall be agreed upon by Buyer and Seller. 
	 
	 	
(e)	
Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer or Seller (or both) under subparagraphs (a) and (b) of this
Paragraph may be exercised only where a Margin
Deficit or a Margin Excess, as the case may be, exceeds a specified dollar amount or a specified percentage of the Repurchase Prices for such Transactions (which amount or percentage shall be agreed to by Buyer and Seller prior to entering into any
such Transactions).      
	 
	 	
(f)	
Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer and Seller under subparagraphs (a) and (b) of this Paragraph to require the elimination of a Margin Deficit or a
Margin Excess, as the case may be, may be exercised whenever such a Margin Deficit or a Margin Excess exists with respect to any single Transaction hereunder (calculated without regard to any other Transaction
outstanding under this
Agreement).      
	 
	
5.	
Income Payments        
	 
	 	
Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had
not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall  
	 



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reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or
(ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the
preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such
Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed. 
	 
	
6.	
Security Interest      
	 
	 	
Although the parties intend that all Transactions hereunder be sales and purchases and not loans, in the event any such Transactions are deemed to be loans, Seller shall be deemed to have pledged to Buyer as security for the
performance by Seller of its obligations under each such Transaction, and shall be deemed to have granted to Buyer a security interest in, all of the Purchased Securities with respect to all Transactions hereunder and all Income thereon and other
proceeds thereof.        
	 
	
7.	
Payment and Transfer   
	 
	 	
Unless otherwise mutually agreed, all transfers of funds hereunder shall be in immediately available funds. All Securities transferred by one party hereto to the other party (i) shall be in suitable form for transfer or shall be
accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as the party receiving possession may
reasonably request, (ii) shall be transferred on the book-entry system of a Federal Reserve Bank, or
(iii) shall be transferred by any other method mutually acceptable to Seller and Buyer.  
	 
	
8.	
Segregation of Purchased Securities    
	 
	 	
To the extent required by applicable law, all Purchased Securities in the possession of Seller shall be segregated from other securities in its possession and shall be identified as subject to this Agreement. Segregation may be
accomplished by appropriate identification on the books and records of the holder, including a financial or securities intermediary or a clearing
corporation. All of Seller’s interest in the Purchased Securities shall pass to Buyer on the
Purchase Date and, unless otherwise agreed by Buyer and Seller, nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Securities or
otherwise selling, transferring, pledging or hypothecating
the Purchased Securities, but no such transaction shall relieve Buyer of its obligations to transfer Purchased Securities to Seller pursuant to Paragraph 3, 4 or 11 hereof, or of Buyer’s obligation to credit or pay Income to, or apply Income to
the obligations of, Seller pursuant to Paragraph 5 hereof.       
	 



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  	Required Disclosure
              for Transactions in Which the

  Seller Retains Custody of the Purchased Securities

         Seller is not permitted to substitute other
            securities for those subject to this Agreement and therefore must
            keep Buyer’s securities segregated at all times, unless in this
            Agreement Buyer grants Seller the right to substitute other securities.
            If Buyer grants the right to substitute, this means that Buyer’s
            securities will likely be commingled with Seller’s own securities
            during the trading day. Buyer is advised that, during any trading
            day that Buyer’s securities are commingled with Seller’s
            securities, they [will]* [may]** be subject to liens granted by Seller
            to [its clearing bank]* [third parties]** and may be used by Seller
            for deliveries on other securities transactions. Whenever the securities
            are commingled, Seller’s ability to resegregate substitute securities
            for Buyer will be subject to Seller’s ability to satisfy [the
            clearing]* [any]** lien or to obtain substitute securities.


       *Language to be used under 17 C.F.R §403.4(e)
            if Seller is a government securities broker or dealer other than
            a financial institution.


       **Language to be used under 17 C.F.R §403.5(d)
      if Seller is a financial institution.





	 	 
	
9.	
Substitution   
	 
	 	
(a)	
Seller may, subject to agreement with and acceptance by Buyer, substitute other Securities for any Purchased Securities. Such substitution shall be made by transfer to Buyer of such other Securities and transfer to Seller of such
Purchased Securities. After substitution, the substituted Securities shall be deemed to be Purchased Securities. 
	 
	 	
(b)	
In Transactions in which Seller retains custody of Purchased Securities, the parties expressly agree that Buyer shall be deemed, for purposes of subparagraph (a) of this Paragraph, to have agreed to and accepted in this Agreement
substitution by Seller of other Securities for Purchased Securities; provided, however, that such other Securities shall have a Market Value at least equal to the Market Value of the
Purchased Securities for which they are substituted.     
	 
	
10.             	
Representations        
	 
	 	
Each of Buyer and Seller represents and warrants to the other that (i) it is duly authorized to execute and deliver this Agreement, to enter into Transactions contemplated hereunder and to perform its obligations hereunder and has
taken all necessary action to authorize such execution, delivery and performance, (ii) it will engage in such Transactions as principal (or, if agreed in writing, in the form of an annex hereto or otherwise, in advance of any Transaction by the
other party hereto, as agent for a disclosed principal), (iii) the person signing this Agreement on its behalf is duly authorized to do so on its behalf (or on behalf of any such disclosed principal), (iv) it has obtained all authorizations of any
governmental body required in connection with this Agreement and the Transactions hereunder and such authorizations are in full force and effect and (v) the execution, delivery and performance of this Agreement and the Transactions hereunder will
not violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected. On the Purchase Date for any Transaction Buyer and Seller shall each be deemed to repeat all
the foregoing representations made by it.        
	 



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11.             	
Events of Default      
	 	 	 	 
	 	
In the event that (i) Seller fails to transfer or Buyer
fails to purchase Purchased Securities upon the applicable Purchase Date, (ii)
Seller fails to repurchase or Buyer fails to transfer Purchased Securities upon
the applicable  Repurchase Date, (iii) Seller or Buyer fails to comply with Paragraph
4 hereof, (iv) Buyer fails, after one business day’s notice, to comply with
Paragraph 5 hereof,
(v) an Act of Insolvency occurs with respect to Seller or Buyer, (vi) any representation
made by Seller or Buyer shall have been incorrect or untrue in any material respect
when made or repeated or deemed to have been made or repeated, or (vii) Seller
or Buyer shall admit to the other its inability to, or its intention not to,
perform any of its obligations hereunder (each an “Event of Default”):  
	 	 	 	 
	 	
(a) 	The nondefaulting party may, at its
    option (which option shall be deemed to have been  exercised immediately upon the occurrence of an Act
  of Insolvency), declare an Event of Default to have occurred hereunder and,
  upon the exercise or deemed exercise of such option, the Repurchase Date for
  each Transaction hereunder shall, if it has not already occurred, be deemed
  immediately to occur (except that, in the event that the Purchase Date for
  any Transaction has not yet occurred as of the date of such exercise or deemed
  exercise, such Transaction shall be deemed immediately canceled). The nondefaulting
  party shall (except upon the occurrence of an Act of Insolvency) give notice
  to the defaulting party of the exercise of such option as promptly as practicable. 
	 	 	 	 
	 	(b) 	
  In all Transactions in which the defaulting party is
acting as Seller, if the nondefaulting party exercises or is deemed to have exercised
the option referred to in subparagraph (a) of this Paragraph, (i) the defaulting
party’s obligations in such Transactions to repurchase all Purchased Securities, at the Repurchase Price therefor on the Repurchase Date determined in accordance with subparagraph (a) of this Paragraph, shall thereupon become
immediately due
and payable, (ii) all Income paid after such exercise or deemed exercise shall be retained by the nondefaulting party and applied to the aggregate unpaid Repurchase Prices and any other amounts owing by the defaulting party hereunder, and (iii) the
defaulting party shall immediately deliver to the nondefaulting party any Purchased Securities subject to such Transactions then in the defaulting party’s possession or control.   
	 	 	 	 
	 	(c) 	
  In all Transactions in which the defaulting party is
acting as Buyer, upon tender by the nondefaulting party of payment of the aggregate
Repurchase Prices for all such Transactions, all right, title and interest in
and entitlement to all Purchased Securities subject to such Transactions shall
be deemed transferred to the nondefaulting party, and the defaulting party shall
deliver all such Purchased Securities to the nondefaulting party.    
	 	 	 	 
	 	(d)	
   if the nondefaulting party exercises or is deemed
to have exercised the option referred to in subparagraph (a) of this Paragraph,
the nondefaulting party, without prior notice to the defaulting party, may:     
	 	 	 	 
	 	 	(i) 	
as to Transactions in which the defaulting party is
acting as Seller, (A) immediately sell, in a recognized market (or otherwise
in a commercially reasonable manner) at such price or prices as the nondefaulting
party may reasonably deem satisfactory, any or all Purchased Securities subject
to such Transactions and apply the proceeds thereof to the aggregate unpaid Repurchase
Prices and any other amounts owing by the defaulting party hereunder or (B) in
its sole discretion elect, in lieu of selling all or a portion of such Purchased
Securities, to give the defaulting party credit for such Purchased Securities
in an amount equal to the price therefor on such date, obtained from a generally
recognized source or the most recent closing bid quotation from    
	 	 	 	 



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such a source, against the aggregate unpaid Repurchase Prices and any other amounts owing by the defaulting party hereunder; and      
	 
	 	 	
(ii)           	
as to Transactions in which the defaulting party is acting as Buyer, (A) immediately purchase, in a recognized market (or otherwise in a commercially reasonable manner) at such price or prices as the nondefaulting party may
reasonably deem satisfactory, securities (“Replacement Securities”) of the same class and amount as any Purchased Securities that are not delivered by the defaulting party to the nondefaulting party as required hereunder or (B) in its sole
discretion elect, in lieu of purchasing Replacement Securities, to be deemed to have purchased Replacement Securities at the price therefor on such date, obtained from a generally recognized source or the most recent closing offer quotation from
such a source.   
	 	 	 	 
	 	 	 Unless otherwise provided in Annex I, the parties
      acknowledge and agree that (1) the Securities subject to any Transaction
      hereunder are instruments traded in a recognized market, (2) in the absence
      of a generally recognized source for prices or bid or offer quotations
      for any Security, the nondefaulting party may establish the source therefor
      in its sole discretion and (3) all prices, bids and offers shall be determined
      together with accrued Income (except to the extent contrary to market practice
    with respect to the relevant Securities).
	 	 	 


	 	
(e)	
As to Transactions in which the defaulting party is acting as Buyer, the defaulting party shall be liable to the nondefaulting party for any excess of the price paid (or deemed paid) by the nondefaulting party for Replacement
Securities over the Repurchase Price for the Purchased Securities replaced thereby and for any amounts payable by the defaulting party under Paragraph 5 hereof or otherwise hereunder.  
	 
	 	
(f)	
For purposes of this Paragraph 11, the Repurchase Price for each Transaction hereunder in respect of which the defaulting party is acting as Buyer shall not increase above the amount of such Repurchase Price for such Transaction
determined as of the date of the exercise or deemed exercise by the nondefaulting party of the option referred to in subparagraph (a) of this Paragraph. 
	 
	 	
(g)	
The defaulting party shall be liable to the nondefaulting party for (i) the amount of all reasonable legal or other expenses incurred by the nondefaulting party in connection with or as a result of an Event of Default, (ii)
damages in an amount equal to the cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in connection with or as a result of an Event of Default, and (iii)
any other loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a Transaction.    
	 
	 	
(h)	
To the extent permitted by applicable law, the defaulting party shall be liable to the non-defaulting party for interest on any amounts owing by the defaulting party hereunder, from the date the defaulting party becomes liable
for such amounts hereunder until such amounts are (i) paid in full by the defaulting party or (ii) satisfied in full by the exercise of the nondefaulting party’s rights, hereunder. Interest on any sum payable by the defaulting party to the
nondefaulting party under this Paragraph 11(h) shall be at a rate equal to the greater of the Pricing Rate for the relevant Transaction or the Prime Rate.       
	 
	 	
(i)	
The nondefaulting party shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.    
	 



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12.             	
Single Agreement       
	 
	 	
Buyer and Seller acknowledge that, and have entered
hereinto and will enter into each Transaction hereunder in consideration of and
in reliance upon the fact that, all Transactions hereunder constitute a single
business and  contractual relationship and have been made in consideration of
each other. Accordingly, each of Buyer and Seller agrees (i) to perform all of
its obligations in respect of each Transaction hereunder, and that a default
in the performance of any  such obligations shall constitute a default by it
in respect of all Transactions hereunder, (ii) that
each of them shall be entitled to set off claims and apply property held by them
in
respect of any Transaction against obligations owing
to them in respect of any other Transactions hereunder and (iii) that payments,
deliveries and other transfers made by either of them in respect of any Transaction
shall be deemed to have been made in consideration of payments, deliveries and
other transfers in respect of any other Transactions hereunder, and the obligations
to make any such payments, deliveries and other transfers may be applied against
each other and netted.   
	 	 
	
13.             	
Notices and Other Communications       
	 
	 	
Any and all notices, statements, demands or other communications hereunder may be given by a party to the other by mail, facsimile, telegraph, messenger or otherwise to the address specified in Annex II hereto, or so sent to such
party at any other place specified in a notice of change of address hereafter received by the other. All notices, demands and requests hereunder may be made orally, to be confirmed promptly in writing, or by other communication as specified in the
preceding sentence.      
	 
	
14.             	
Entire Agreement; Severability 
	 
	 	
This Agreement shall supersede any existing agreements between the parties containing general terms and conditions for repurchase transactions. Each provision and agreement herein shall be treated as separate and independent from
any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.  
	 
	
15.             	
Non-assignability; Termination 
	 
	 	
(a)	
The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written
consent of the other party shall be null and void. Subject to the foregoing, this Agreement and any Transactions shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. This Agreement may be
terminated by either party upon giving written notice to the other, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transactions then outstanding.       
	 
	 	
(b)	
Subparagraph (a) of this Paragraph 15 shall not preclude a party from assigning, charging or otherwise dealing with all or any part of its interest in any sum payable to it under Paragraph 11 hereof.       
	 
	
16.             	
Governing Law  
	 
	 	
This Agreement shall be governed by the laws of the State of New York without giving effect to the conflict of law principles thereof.        
	 



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17.             	
No Waivers, Etc.       
	 
	 	
No express or implied waiver of any Event of Default by either party shall constitute a waiver of any other Event of Default and no exercise of any remedy hereunder by any party shall constitute a waiver of its right to exercise
any other remedy hereunder. No modification or waiver of any provision of this Agreement and no consent by any party to a departure herefrom shall be effective unless and until such shall be in writing and duly executed by both of the parties
hereto. Without limitation on any of the foregoing, the failure to give a notice pursuant to Paragraph 4(a) or 4(b) hereof will not constitute a waiver of any right to do so at a later date.   
	 
	
18.             	
Use of Employee Plan Assets    
	 
	 	
(a)	
If assets of an employee benefit plan subject to any provision of the Employee Retirement Income Security Act of 1974 (“ERISA”) are intended to be used by either party hereto (the “Plan Party”) in a
Transaction, the Plan Party shall so notify the other party prior to the Transaction. The Plan Party shall represent in writing to the other party that the
Transaction does not constitute a prohibited transaction under ERISA or is otherwise exempt
therefrom, and the other party may proceed in reliance thereon but shall not be required so to proceed.  
	 
	 	
(b)	
Subject to the last sentence of subparagraph (a) of this Paragraph, any such Transaction shall proceed only if Seller furnishes or has furnished to Buyer its most recent available audited statement of its financial condition and
its most recent subsequent unaudited statement of its financial condition.       
	 
	 	
(c)	
By entering into a Transaction pursuant to this Paragraph, Seller shall be deemed (i) to represent to Buyer that since the date of Seller’s latest such financial statements, there has been no material adverse change in
Seller’s financial condition which Seller has not disclosed to Buyer, and (ii) to agree to provide Buyer with future audited and unaudited statements of its financial condition as they are issued, so long as it is a Seller in any outstanding
Transaction involving a Plan Party.      
	 
	
19.             	
Intent 
	 
	 	
(a)	
The parties recognize that each Transaction is a “repurchase agreement” as that term is defined in Section 101 of Title 11 of the United States Code, as amended (except insofar as the type of Securities subject to such
Transaction or the term of such Transaction would render such definition inapplicable), and a “securities contract” as that term is defined in Section 741 of Title 11 of the United States Code, as amended (except insofar as the type of
assets subject to such Transaction would render such definition inapplicable).   
	 
	 	
(b)	
It is understood that either party’s right to liquidate Securities delivered to it in connection with Transactions hereunder or to exercise any other remedies pursuant to Paragraph 11 hereof is a contractual right to
liquidate such Transaction as described in Sections 555 and 559 of Title 11 of the United States Code, as amended.       
	 
	 	
(c)	
The parties agree and acknowledge that if a party hereto is an “insured depository institution,” as such term is defined in the Federal Deposit Insurance Act, as amended (“FDIA”), then each Transaction
hereunder is a “qualified financial contract,” as that term is defined in FDIA and any rules, orders or policy statements thereunder (except insofar as the type of assets subject to such Transaction would render such definition
inapplicable).   
	 



10














	 	
(d)	
It is understood that this Agreement constitutes a “netting contract” as defined in and
subject to Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) and each payment
entitlement and payment obligation under any Transaction hereunder shall constitute a “covered contractual payment entitlement” or
“covered contractual payment obligation”, respectively, as defined in and subject to FDICIA
(except insofar as one or both of the parties is not a “financial institution” as that term is defined in FDICIA).     
	 
	
20.             	
Disclosure Relating to Certain Federal Protections     
	 
	 	
The parties acknowledge that they have been advised that:     
	 
	 	
(a)	
in the case of Transactions in which one of the parties is a broker or dealer registered with the Securities and Exchange Commission (“SEC”) under Section 15 of the Securities Exchange Act of 1934 (“1934 Act”),
the Securities Investor Protection Corporation has taken the position that the provisions of the Securities Investor Protection Act of 1970 (“SIPA”) do not protect the other party with respect to any Transaction hereunder; 
	 
	 	
(b)	
in the case of Transactions in which one of the parties is a government securities broker or a government securities dealer registered with the SEC under Section 15C of the 1934 Act, SIPA will not provide protection to the other
party with respect to any Transaction hereunder; and     
	 
	 	
(c)	
in the case of Transactions in which one of the parties is a financial institution, funds held by the financial institution pursuant to a Transaction hereunder are not a deposit and therefore are not insured by the Federal Deposit
Insurance Corporation or the National Credit Union Share Insurance Fund, as applicable.  
	 


	GSC Capital Corp. 	Greenwich Capital Markets, Inc. 
	 	 	 	 	 	 
	By:	/s/ April M. Spencer	By:	/s/ P. Michael Florio
	 	
	 	

	 	Title:	CFO	 	Title:	Managing Director 
	 	Date:	7/8/05	 	Date:	7/8/05


 

11

  












Annex I


Supplemental Terms and Conditions


This Annex I forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and  Greenwich Street Capital Corp. Capitalized terms used but not defined
in this Annex I shall have the meanings ascribed to them in the Agreement.

	
1.             	
Other Applicable Annexes. In addition to this Annex I and Annex II, the following Annexes and any Schedules thereto shall form a part of the Agreement and shall be applicable
thereunder:      



  
    
      
        [Annex III (International Transactions)]

        [Annex IV (Party
        Acting as Agent)]

        [Annex V (Margin for Forward Transactions)]

        [Annex VI (Buy/Sell
        Back Transactions)]

        [Annex VII (Transactions Involving Registered Investment Companies)]

    

  



	
2.             	
The following proviso shall be added to the end of the definition of “Market Value” in Paragraph 2(j):      



  
    
      “provided, however, that with respect to Purchased Securities for which there exists no generally recognized pricing source, the Market Value shall be determined by Buyer in the exercise of its
        good-faith reasonable
      discretion.”

  



	
3.             	
The following 2 paragraphs shall be added to Paragraph 9 of the Agreement:    
	 
	 	
(c)	
In the case of any Transaction for which the Repurchase Date is other than the business day immediately following the Purchase Date and with respect to which Seller does not have any existing right to substitute substantially the
same Securities for the Purchased Securities, Seller shall have the right, subject to the proviso to this sentence, upon notice to Buyer, which notice shall be given at or prior to 10am (New York time) on such business day, to substitute
substantially the same Securities for any Purchased Securities; provided, however, that Buyer may elect, by the close of business on the business day notice is received, or by the close of the next business day if notice is given after 10am (New
York time) on such day, not to accept such substitution. In the event such substitution is accepted by Buyer, such substitution shall be made by Seller’s transfer to Buyer of such other Securities and Buyer’s transfer to Seller of such
Purchased Securities, and after such substitution, the substituted Securities shall be deemed to be Purchased Securities. In the event Buyer elects not to accept such substitution, Buyer shall offer Seller the right to terminate the
Transaction.     
	 
	 	
(d)	
In the event Seller exercises its right to substitute or terminate under sub-paragraph (c), Seller shall be obligated to pay to Buyer, by the close of the business day of such substitution or termination, as the case may be, an
amount equal to (A) Buyer’s actual cost (including all fees, expenses and commissions) of (i) entering into replacement transactions; (ii) entering into or terminating hedge transactions; and/or (iii)
terminating transactions or substituting
securities in like transactions with third parties in connection with or as a result of such substitution or termination, and (B) to the 
	 



12
















	 	 	 extent Buyer determines not to enter
    into replacement transactions, the loss incurred by Buyer directly arising
    or resulting from such substitution or termination. The foregoing amounts
    shall be solely determined and calculated by Buyer in good faith. 
	 
	
4.             	
Paragraph 12 of the Agreement shall be deleted in its entirety and the following paragraph shall be inserted in lieu thereof: 
	 
	 	
12.             	
Single Agreement       
	 
	 	 	
Buyer and Seller hereby acknowledge that they consider all transactions and agreements between them to constitute a single business and contractual relationship and to have been made in consideration of each other and this
Agreement. Therefore,    
	 


	 	
(a)	
If a default occurs under or in connection with any transaction governed by an agreement, and such default results in a termination, liquidation or acceleration of the transactions governed by such agreement, then such
termination, liquidation or acceleration shall constitute an Event of Default hereunder. 
	 
	 	
(b)	
As security for the performance by each party of all its Obligations, each party hereby grants to the other a security interest in all securities and other property (and all proceeds thereof) transferred by such party to the other
pursuant to this Agreement or any other transaction or agreement. With respect to defaulted Obligations which did not arise under this Agreement, such security interest may be enforced in accordance with the provisions of applicable law or Paragraph
11(d)(i) hereof (applying such Paragraph as if such defaulted Obligations were owed hereunder in respect of a Transaction in which the defaulting party is acting as Seller) provided that an Event of Default exists under this Agreement, including an
Event of Default pursuant to Paragraph 12(a) above.      
	 	 	 


	5.	 The following additional terms
    and conditions shall apply:
	 	 	 
	 	
(a)	
Administrative or Operational Difficulties; Delivery Fails. Notwithstanding anything to the contrary in the Agreement or this Annex, the failure of a party (“X”) to make any transfer or
delivery in respect of any Transaction will not be an Event of Default; provided that such failure to make a transfer arises solely by reason of (A) an error or omission of an administrative or operational nature made by or on behalf of X or by any
bank, broker-dealer, clearing corporation or other similar financial intermediary holding funds or securities directly or indirectly for account of X (each, a “Paying Agent”) or (B) a failure by a person or entity other than X or any of
its Affiliates or Paying Agent to make a delivery when due to X of securities that X is obligated to deliver under such Transaction; provided further that, in each case, each of the following conditions is satisfied: (x) such failure has been cured
before notice is sent to X by the other party, (y) funds, securities or other property (assuming the timely delivery of securities required to be delivered to X for settlement on or prior to the related date for delivery under such Transaction) were
available to X or such Paying Agent(s) to enable it (or them) to make the relevant delivery when due and (z) X has agreed to provide the other party with such additional information as the other party shall have reasonably requested in order to
satisfy the other party that such failure occurred solely as a result of one or more of the reasons described above.     
	 



13















	(b) 	 The following shall be added to the end
    of Paragraph 11:
	 	 	 	 
	 	 	 “(j) If Seller fails to transfer
      Purchased Securities on the applicable Purchase Date for a Transaction,
      such failure will not constitute an Event of Default, but Buyer may at
      any time while such failure continues, terminate that Transaction (but
      only that Transaction) by giving written notice to Seller. On such termination
      of the Transaction, the provisions of sub-paragraph (b) of this Paragraph
      11 shall apply with respect to the terminated Transaction and Buyer shall
      have the right to exercise its rights under sub-paragraph (d)(i), (g)(ii)
      and (iii), (h) and (i) of this Paragraph 11 with respect to such Transaction
    as if an Event of Default had occurred.
	 	 	 	 
	 	 	 (k) If Buyer fails to transfer Purchased Securities
      on the applicable Repurchase Date for a Transaction, such failure shall
      not constitute an Event of Default, but Seller may at any time while such
      failure continues, terminate the Transaction (but only that Transaction)
      by giving written notice to Buyer. On such termination of the Transaction,
      the provisions of sub-paragraph (c) of this Paragraph 11 shall apply with
      respect to the terminated Transaction, and Seller shall have the rights
      to exercise its rights under sub-paragraphs (d)(ii), (e), (f), (g)(ii)
      and (iii), (h) and (i) of this Paragraph 11 with respect to such Transaction
    as if an Event of Default had occurred.”
	 	 	 	 
	 	 	 Notwithstanding the foregoing, if
      Greenwich Capital Markets, Inc. (“GCM”), acting either as Buyer or Seller
      hereunder determines that Greenwich
      Street Capital Corp. (“GSCC”) has
      failed to transfer Purchased Securities on the applicable Purchase Date
      (in the case where GSCC is acting as Seller) or fails to deliver the Purchased
      Securities on the applicable Repurchase Date (in the case where GSCC is
      acting as Purchaser) and GCM determines that such failure to deliver or
      return Purchased Securities, in the reasonable determination of GCM, is
      due to a material and adverse credit event with respect to GSCC (and not
      due to a failure to obtain the Purchased Securities due to a recognized
      shortage in the relevant market for such Purchased Securities ) then GCM
    may call an Event of Default under all Transactions hereunder.
	 	 	 	 
	
(c)	
Additional Provisions Relating to Events of Default.   
	 	 	 	 
	 	
(i)	
Other Amendments of Paragraph 11.      
	 	 	 	 
	 	 	
(A)	
The last paragraph of Paragraph 11(d) is amended by replacing the word “sole” with the words “commercially reasonable”.   
	 	 	 	 
	 	 	
(B)	
Paragraph 11(a) is amended by adding the words “upon prior notice to the defaulting party,” after the words “to have occurred hereunder”; 
	 	 	 	 
	 	
(ii)           	
Admissions in Writing. Notwithstanding clause (vii) of the introductory paragraph of Paragraph 11 of the Agreement, it will not be an Event of Default unless the admission referred to in such
clause is in writing and is made by an authorized representative of the relevant party.  
	 	 	 	 



14
















	
(d)	
Support for Demand. The parties hereby agree that the party making a margin call shall use best efforts to provide a breakdown of the valuations supporting such margin call.        
	 
	
(e)	
Good Faith and Commercial Reasonableness. Each party shall act in good faith and on a commercially reasonable basis in the enforcement and performance of its rights and obligations under the
Agreement.       
	 
	
(f)	
Final Returns. If after the nondefaulting party exercises its rights under Paragraph 11 of the Agreement, the amounts (whether in the form of cash or Purchased Securities) recovered by the
nondefaulting party exceed the amounts owed by the defaulting party hereunder (calculated in accordance with the provisions of this Agreement, including without limitation those set forth in Section 12(ii) thereof) (the “Excess Amount”),
the nondefaulting party shall immediately transfer such Excess Amount to the defaulting party by close of business on the next business day. The nondefaulting party shall be liable to the defaulting party for interest on any Excess Amount not timely
transferred to the defaulting party at a rate equal to the Prime Rate.   
	 



 15













Annex II


Names and Addresses for Communications Between Parties

Greenwich Capital Markets, Inc.

  600
    Steamboat Road

  Greenwich, Connecticut 06830

Phone: (203) 618-2281

  Fax: (203)
    618-2132

Attn: Legal Department - Documentation

 

16














Annex III


International Transactions


This Annex III (including any Schedules hereto) forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp.
Capitalized terms used but not defined in this Annex III shall have the meanings ascribed to them in the Agreement.

	
1.	
Definitions. For purposes of the Agreement and this Annex III:       
	 
	 	
(a)	
The following terms shall have the following meanings:        
	 
	 	 	
“Base Currency”, United States dollars or such other currency as Buyer and Seller may agree in the Confirmation with respect to any International Transaction or otherwise in writing;      
	 
	 	 	
“Business Day” or “business day”: 
	 
	 	 	
(i)	
in relation to any International Transaction which (A) involves an International Security and (B) is to be settled through CEDEL or Euroclear, a day on which CEDEL or, as the case may be, Euroclear is open to settle business in
the currency in which the Purchase Price and the Repurchase Price are denominated;       
	 
	 	 	
(ii)           	
in relation to any International Transaction which (A) involves an International Security and (B) is to be settled through a settlement system other than CEDEL or Euroclear, a day on which that settlement system is open to settle
such International Transaction;  
	 
	 	 	
(iii)          	
in relation to any International Transaction which involves a delivery of Securities not falling within (i) or (ii) above, a day on which banks are open for business in the place where delivery of the relevant Securities is to be
effected; and    
	 
	 	 	
(iv)           	
in relation to any International Transaction which involves an obligation to make a payment not falling within (i) or (ii) above, a day other than a Saturday or Sunday on which banks are open for business in the principal
financial center of the country of which the currency in which the payment is denominated is the official currency and, if different, in the place where any account designated by the parties for the making or receipt of the payment is situated (or,
in the case of ECU, a day on which ECU clearing operates);       
	 
	 	 	 	
“CEDEL”, CEDEL Bank, societe anonyme;       
	 
	 	 	 	
“Contractual Currency”, the currency in which the International Securities subject to any International Transaction are denominated or such other currency as may be specified in the Confirmation with respect to any
International Transaction;       
	 
	 	 	 	
“Euroclear”, Morgan Guaranty Trust Company of New York, Brussels Branch, as operator of the Euroclear System;       
	 
	 	 	 	
“International Security”, any Security that (i) is denominated in a currency other than United States dollars or (ii) is capable of being cleared through a clearing
facility outside the United States or (iii) is issued
by an issuer organized under the laws of a jurisdiction other than the United States (or any political subdivision thereof);     
	 



17

















	 	 	 “International Transaction”, any Transaction
      involving (i) an International Security or (ii) a party organized under
      the laws of a jurisdiction other than the United States (or any political
      subdivision thereof) or having its principal place of business outside
      the United States or (iii) a branch or office outside the United States
      designated in Annex I by a party organized under the laws of the United
      States (or any political subdivision thereof) as an office through which
    that party may act; 
	 	 	 
	 	 	“LIBOR”, in relation to any sum in
      any currency, the offered rate for deposits for such sum in such currency
      for a period of three months which appears on the Reuters Screen LIBO page
      as of 11:00 A.M., London time, on the date on which it is to be determined
    (or, if more than one such rate appears, the arithmetic mean of such rates); 
	 	 	 
	 	 	“Spot Rate”, where an amount in one
      currency is to be converted into a second currency on any date, the spot
      rate of exchange of a comparable amount quoted by a major money-center
      bank in the New York interbank market, as agreed by Buyer and Seller, for
      the sale by such bank of such second currency against a purchase by it
    of such first currency.
	 	 	 
	 	 (b)	 Notwithstanding Paragraph 2 of the Agreement,
      the term “Prime Rate” shall mean, with respect to any International
      Transaction, LIBOR plus a spread, as may be specified in the Confirmation
    with respect to any International Transaction or otherwise in writing. 
	 	 	 
	
2.	
Manner of Transfer.
All transfers of International Securities (i) shall be in suitable form for transfer
and accompanied by duly executed instruments of transfer or assignment in blank
(where  required for transfer) and such other documentation as the transferee
may reasonably request, or (ii) shall be transferred through the book-entry system
of Euroclear or CEDEL, or (iii)
shall be transferred through any other agreed securities
clearing system or (iv) shall be transferred
by any other method mutually acceptable to Seller and Buyer. 
	 	 
	
3.	
Contractual Currency.        
	 
	 	
(a)	
Unless otherwise mutually agreed, all funds transferred in respect of the Purchase Price or the Repurchase Price in any International Transaction shall be in the Contractual Currency.       
	 
	 	
(b)	
Notwithstanding subparagraph (a) of this Paragraph 3, the payee of any payment may, at its option, accept tender thereof in any other currency; provided, however, that, to
the extent permitted by applicable law, the obligation of the payor to make such payment will be discharged only to the extent of the amount of the Contractual Currency that such payee may, consistent with normal banking procedures, purchase with
such other currency (after deduction of any premium and costs of exchange) for delivery within the customary delivery period for spot transactions in respect of the relevant currency.  
	 
	 	
(c)	
If for any reason the amount in the Contractual Currency so received, including amounts received after conversion of any recovery under any judgment or order expressed in a currency other than the Contractual Currency, falls short
of the amount in the Contractual Currency due in respect of the Agreement, the party required to make the payment shall (unless an Event of Default has occurred and such party is the nondefaulting party) as a separate and independent obligation
(which shall not merge with any judgment or any payment or any partial payment or enforcement of payment) and to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to
compensate for the shortfall.    
	 



18















	 	 (d)	 If for any reason the
      amount of the Contractual Currency received by one party hereto exceeds
      the amount in the Contractual Currency due such party in respect of the
      Agreement, then (unless an Event of Default has occurred and such party
      is the non-defaulting party) the party receiving the payment shall refund
    promptly the amount of such excess. 
	 	 	 	 
	 4.	 Notices.
      Any and all notices, statements, demands or other communications with respect
      to International Transactions shall be given in accordance with Paragraph
    13 of the Agreement and shall be in the English language. 
	 	 	 	 
	 5.	 Taxes.
	 	 	 	 
	 	(a) 	 Transfer taxes,
      stamp taxes and all similar costs with respect to the transfer of Securities
    shall be paid by Seller. 
	 	 	 	 
	 	 (b)	(i) 	 Unless otherwise agreed, all money payable
      by one party (the “Payor”) to the other (the “Payee”)
      in respect of any International Transaction shall be paid free and clear
      of, and without withholding or deduction for, any taxes or duties of whatsoever
      nature imposed, levied, collected, withheld or assessed by any authority
      having power to tax (a “Tax”), unless the withholding or deduction
      of such Tax is required by law. In that event, unless otherwise agreed,
      Payor shall pay such additional amounts as will result in the net amounts
      receivable by Payee (after taking account of such withholding or deduction)
      being equal to such amounts as would have been received by Payee had no
      such Tax been required to be withheld or deducted; provided that for purposes
      of Paragraphs 5 and 6 the term “Tax” shall not include any Tax
      that would not have been imposed but for the existence of any present or
      former connection between Payee and the jurisdiction imposing such Tax
      other than the mere receipt of payment from Payor or the performance of
      Payee’s obligations under an International Transaction. The parties
      acknowledge and agree, for the avoidance of doubt, that the amount of Income
      required to be transferred, credited or applied by Buyer for the benefit
      of Seller under Paragraph 5 of the Agreement shall be determined without
      taking into account any Tax required to be withheld or deducted from such
    Income, unless otherwise agreed. 
	 	 	 	 
	 	 	
(ii)           	
In the case of any Tax required to be withheld or deducted from any money payable to a party hereto acting as Payee by the other party hereto acting as Payor, Payee agrees to deliver to Payor (or, if applicable, to the authority
imposing the Tax) any certificate or document reasonably requested by Payor that would entitle Payee to an exemption from, or reduction in the rate of, withholding or deduction of Tax from money payable by Payor to Payee.    
	 
	 	 	
(iii)          	
Each party hereto agrees to notify the other party of any circumstance known or reasonably known to it (other than a Change of Tax Law, as defined in Paragraph 6 hereof) that causes a certificate or document provided by it
pursuant to subparagraph (b)(ii) of this Paragraph to fail to be true.   
	 
	 	 	
(iv)           	
Notwithstanding subparagraph (b)(i) of this Paragraph, no additional amounts shall be payable by Payor to Payee in respect of an International Transaction to the extent that such additional amounts are payable as a result of a
failure by Payee to comply with its obligations under subparagraph (b)(ii) or (b)(iii) of this Paragraph with respect to such International Transaction. 
	 



 19














	
6.	
Tax Event.   
	 
	 	
(a)	
This Paragraph 6 shall apply if either party notifies the other, with respect to a Tax required to be collected by withholding or deduction, that:    
	 
	 	 	
(i)	
any action taken by a taking authority or brought in a court of competent jurisdiction after the date an International Transaction is entered into, regardless of whether such action is taken or brought with respect to a party to
the Agreement; or        
	 
	 	 	
(ii)           	
a change in the fiscal or regulatory regime after the date an International Transaction is entered into,      
	 	 	 	 
	 	 	 (each, a “Change of Tax Law”)
      has or will, in the notifying party’s reasonable opinion, have a material
    adverse effect on such party in the context of an International Transaction.
	 	 	 
	 	
(b)	
If so requested by the other party, the notifying party will furnish the other party with an opinion of a suitably qualified adviser that an event referred to in subparagraph (a)(i) or (a)(ii) of this Paragraph 6 has occurred and
affects the notifying party.     
	 
	 	
(c)	
Where this Paragraph 6 applies, the party giving the notice referred to in subparagraph (a) above may, subject to subparagraph (d) below, terminate the International Transaction effective from a date specified in the notice, not
being earlier (unless so agreed by the other party) than 30 days after the date of such notice, by nominating such date as the Repurchase Date.  
	 
	 	
(d)	
If the party receiving the notice referred to in subparagraph
(a) of this Paragraph 6 so elects, it may override such notice by giving a counter-notice
to the other party. If a counter-notice is given, the party which gives such
 counter-notice will be deemed to have agreed to indemnify the other party against
the adverse effect referred to in subparagraph (a)
of this Paragraph 6 so far as it relates to the relevant International Transaction
and the original Repurchase Date will continue to apply. 
	 	 	 	 
	 	
(e)	
Where an International Transaction is terminated as described in this Paragraph 6, the party which has given the notice to terminate shall indemnify the other party against any reasonable legal and other professional expenses
incurred by the other party by reason of the termination, but the other party may not claim any sum constituting consequential loss or damage in respect of a termination in accordance with this Paragraph 6.   
	 
	 	
(f)	
This Paragraph 6 is without prejudice to Paragraph 5 of this Annex III; but an obligation to pay additional amounts pursuant to Paragraph 5 of this Annex III may, where appropriate, be a circumstance which causes this Paragraph 6
to apply.        
	 
	
7.	
Margin. In the calculation of “Margin Deficit” and “Margin Excess” pursuant to Paragraph 4 of the Agreement, all sums not denominated in the Base Currency shall be deemed to be
converted into the Base Currency at the Spot Rate on the date of such calculation.       
	 
	
8.	
Events of Default.   
	 
	 	
(a)	
In addition to the Events of Default set forth in Paragraph 11 of the Agreement, it shall be an additional “Event of Default” if either party fails, after one business day’s notice, to perform any covenant or
obligation required to be performed by it under this Annex III, including, without limitation, the payment of taxes or additional amounts as required by Paragraph 5 of this Annex III.  
	 



20














	
(b)	
In addition to the other rights of a nondefaulting party under Paragraph 11 of the Agreement, following an Event of Default, the nondefaulting party may, at any time at its option, effect the conversion of any currency into a
different currency of its choice at the Spot Rate on the date of the exercise of such option and offset obligations of the defaulting party denominated in different currencies against each other.      
	 



  21















Schedule III.A


International Transactions Relating to [Relevant Country]


This Schedule III.A forms a part of Annex III to the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp. Capitalized terms
used but not defined in this Schedule III.A shall have the meanings ascribed to them in Annex III.


[Insert provisions applicable to relevant country.]

 

22  














Annex IV


Party Acting as Agent


This Annex IV forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp. This Annex IV sets forth the terms and
conditions governing all transactions in which a party selling securities or buying securities, as the case may be (“Agent”), in a Transaction is acting as agent for one or more third parties (each, a “Principal”). Capitalized
terms used but not defined in this Annex IV shall have the meanings ascribed to them in the Agreement.

	
1.	
Additional Representations. In addition to the representations set forth in Paragraph 10 of the Agreement, Agent hereby makes the following representations, which shall continue during the term of
any Transaction: Principal has duly authorized Agent to execute and deliver the Agreement on its behalf, has the power to so authorize Agent and to enter into the Transactions contemplated by the Agreement and to perform the obligations of Seller or
Buyer, as the case may be, under such Transactions, and has taken all necessary action to authorize such execution and delivery by Agent and such performance by it.     
	 
	
2.	
Identification of Principals. Agent agrees (a) to provide the other party, prior to the date on which the parties agree to enter into any Transaction under the Agreement, with a written list of
Principals for which it intends to act as Agent (which list may be amended in writing from time to time with the consent of the other party), and (b) to provide the other party, before the close of business on the next business day after orally
agreeing to enter into a Transaction, with notice of the specific Principal or Principals for whom it is acting in connection with such Transaction. If (i) Agent fails to identify such Principal or Principals prior to the close of business on such
next business day or (ii) the other party shall determine in its sole discretion that any Principal or Principals identified by Agent are not accept able to it, the other party may reject and rescind any Transaction with such Principal or
Principals, return to Agent any Purchased Securities or portion of the Purchase Price, as the case may be, previously transferred to the other party and refuse any further performance under such Transaction, and Agent shall immediately return to the
other party any portion of the Purchase Price or Purchased Securities, as the case may be, previously transferred to Agent in connection with such Transaction; provided, however, that (A)
the other party shall promptly (and in any event within one business day) notify Agent of its determination to reject and rescind such Transaction and (B) to the extent that any performance was rendered by any party under any Transaction rejected by
the other party, such party shall remain entitled to any Price Differential or other amounts that would have been payable to it with respect to such performance if such Transaction had not been rejected. The other party acknowledges that Agent shall
not have any obligation to provide it with confidential information regarding the financial status of its Principals; Agent agrees, however, that it will assist the other party in obtaining from Agent’s Principals such information regarding the
financial status of such Principals as the other party may reasonably request.   
	 
	
3.	
Limitation of Agent’s Liability. The parties expressly acknowledge that if the representations of Agent under the Agreement, including this Annex IV, are true and correct in all material
respects during the term of any Transaction and Agent otherwise complies with the provisions of this Annex IV, then (a) Agent’s obligations under the Agreement shall not include a guarantee of performance by its Principal or Principals and (b)
the other party’s remedies shall    
	 



 23
















	 	
not include a right of setoff in respect of rights or obligations, if any, of Agent arising in other transactions in which Agent is acting as principal.      
	 
	
4.             	
Multiple Principals. 
	 
	 	
(a)	
In the event that Agent proposes to act for more than one Principal hereunder, Agent and the other party shall elect whether (i) to treat Transactions under the Agreement as
transactions entered into on behalf of separate
Principals or (ii) to aggregate such Transactions as if they were transactions by a single Principal. Failure to make such an election in writing shall be deemed an election to treat Transactions under the Agreement as
transactions on behalf of
separate Principals.     
	 
	 	
(b)	
In the event that Agent and the other party elect (or are deemed to elect) to treat Transactions under the Agreement as transactions on behalf of separate Principals, the parties agree that (i) Agent will provide the other party,
together with the notice described in Paragraph 2(b) of this Annex IV, notice specifying the portion of each Transaction allocable to the account of each of the Principals for which it is acting (to the extent that any such Transaction is allocable
to the account of more than one Principal); (ii) the portion of any individual Transaction allocable to each Principal shall be deemed a separate Transaction under the Agreement; (iii) the margin maintenance obligations of Buyer and Seller under
Paragraph 4 of the Agreement shall be determined on a Transaction-by-Transaction basis (unless the parties agree to determine such obligations on a Principal-by-Principal basis); and (iv) Buyer’s and Seller’s remedies under the Agreement
upon the occurrence of an Event of Default shall be determined as if Agent had entered into a separate Agreement with the other party on behalf of each of its Principals.       
	 
	 	
(c)	
In the event that Agent and the other party elect to treat Transactions under the Agreement as if they were transactions by a single Principal, the parties agree that (i) Agent’s notice under Paragraph 2(b) of this Annex IV
need only identify the names of its Principals but not the portion of each Transaction allocable to each Principal’s account, (ii) the margin maintenance obligations of Buyer and Seller under Paragraph 4 of the Agreement shall, subject to any
greater requirement imposed by applicable law, be determined on an aggregate basis for all Transactions entered into by Agent on behalf of any Principal; and (iii) Buyer’s and Seller’s remedies upon the occurrence of an Event of Default
shall be determined as if all Principals were a single Seller or Buyer, as the case may be.      
	 
	 	
(d)	
Notwithstanding any other provision of the Agreement (including, without limitation, this Annex IV), the parties agree that any Transactions by Agent on behalf of an employee benefit plan under ERISA shall be treated as
Transactions on behalf of separate Principals in accordance with Paragraph 4(b) of this Annex IV (and all margin maintenance obligations of the parties shall be determined on a Transaction-by-Transaction basis).      
	 
	
5.	
Interpretation of Terms. All references to “Seller” or “Buyer”, as the case may be, in the Agreement shall, subject to the provisions of this Annex IV (including, among other
provisions, the limitations on Agent’s liability in Paragraph 3 of this Annex IV), be construed to reflect that (i) each Principal shall have, in connection with any Transaction or Transactions entered into by Agent on its behalf, the rights,
responsibilities, privileges and obligations of a “Seller” or “Buyer”, as the case may be, directly entering into such Transaction or
Transactions with the other party under the Agreement, and (ii) Agent’s Principal or
Principals have designated Agent as their sole agent for performance of Seller’s obligations to Buyer or Buyer’s obligations to Seller, as the case may be, and for receipt of performance by Buyer of 
	 



24














 

	 	its obligations to Seller or Seller
        of its obligations to Buyer, as the case may be, in connection with any
        Transaction or Transactions under the Agreement (including, among other
        things, as Agent for each Principal in connection with transfers of Securities,
        cash or other property and as agent for giving and receiving all notices
        under the Agreement). Both Agent and its Principal or Principals shall
        be deemed “parties” to the Agreement and all references to
        a “party” or “either party” in the Agreement shall
        be deemed revised accordingly (and any Act of Insolvency with respect
        to Agent or any other Event of Default by Agent under Paragraph 11 of
        the Agreement shall be deemed an Event of Default by Seller or Buyer,
    as the case may be).



25












Annex V


Margin for Forward Transactions


This Annex V forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp. Capitalized terms used but not defined
in this Annex V shall have the meanings ascribed to them in the Agreement.

	
1.	
Definitions. For purposes of the Agreement and this Annex V, the following terms shall have the following meanings:  
	 
	 	
“Forward Exposure”, the amount of loss a party would incur upon canceling a Forward Transaction and entering into a replacement transaction, determined in accordance with market practice or as otherwise agreed by the
parties; 
	 
	 	
“Forward Transaction”, any Transaction agreed to by the parties as to which the Purchase Date has not yet occurred; 
	 
	 	
“Net Forward Exposure”, the aggregate amount of a party’s Forward Exposure to the other party under all Forward Transactions hereunder reduced by the aggregate amount of any Forward Exposure of the other party to
such party under all Forward Transactions hereunder;     
	 
	 	
“Net Unsecured Forward Exposure”, a party’s Net Forward Exposure reduced by the Market Value of any Forward Collateral transferred to such party (and not returned) pursuant to Paragraph 2 of this Annex
V.       
	 
	
2.	
Margin Maintenance.  
	 
	 	
(a)	
If at any time a party (the “In-the-Money Party”) shall have a Net Unsecured Forward Exposure to the other party (the “Out-of-the-Money Party”) under one or more Forward Transactions, the In-the-Money Party may
by notice to the Out-of-the-Money Party require the Out-of-the-Money Party to transfer to the In-the-Money Party Securities or cash reasonably acceptable to the In-the-Money Party (together with any Income thereon and proceeds thereof, “Forward
Collateral”) having a Market Value sufficient to eliminate such Net Unsecured Forward Exposure. The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward
Collateral having a Market Value that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess Forward Collateral Amount”). The rights of the parties under this subparagraph shall be in addition to their rights under
subparagraphs (a) and (b) of Paragraph 4 and any other provisions of the Agreement.      
	 
	 	
(b)	
The parties may agree, with respect to any or all Forward Transactions hereunder, that the respective rights of the parties under subparagraph (a) of this Paragraph may be exercised only where a Net Unsecured Forward Exposure or
Excess Forward Collateral Amount, as the case may be, exceeds a specified dollar amount or other specified threshold for such Forward Transactions (which amount or threshold shall be agreed to by the parties prior to entering into any such Forward
Transactions).   
	 
	 	
(c)	
The parties may agree, with respect to any or all Forward Transactions hereunder, that the respective rights of the parties under subparagraph (a) of this Paragraph to require the elimination of a Net Unsecured Forward Exposure or
Excess Forward Collateral Amount,        
	 



26
















	 	 	as the case may be, may be exercised whenever
               such a Net Unsecured Forward Exposure or Excess Forward Collateral
               Amount exists with respect to any single Forward Transaction hereunder
               (calculated without regard to any other Forward Transaction outstanding
          hereunder). 
	 	 	 
	 	
(d)	
The parties may agree, with respect to any or all Forward Transactions hereunder, that (i) one party shall transfer to the other party Forward Collateral having a Market Value equal to a specified dollar amount or other specified
threshold no later than the Margin Notice Deadline on the day such Forward Transaction is entered into by the parties or (ii) one party shall not be required to make any transfer otherwise required to be made under this Paragraph if, after giving
effect to such transfer, the Market Value of the Forward Collateral held by such party would be less than a specified dollar amount or other specified threshold (which amount or threshold shall be agreed to by the parties prior to entering into any
such Forward Transactions).      
	 
	 	
(e)	
If any notice is given by a party to the other under subparagraph (a) of this Paragraph at or before the Margin Notice Deadline on any business day, the party receiving such notice shall transfer Forward Collateral as provided in
such subparagraph no later than the close of business in the relevant market on such business day. If any such notice is given after the Margin Notice Deadline, the party receiving such notice shall transfer such Forward Collateral no later than the
close of business in the relevant market on the next business day.       
	 
	 	
(f)	
Upon the occurrence of the Purchase Date for any Forward Transaction and the performance by the parties of their respective obligations to transfer cash and Securities on such date, any Forward Collateral in respect of such
Forward Transaction, together with any Income thereon and proceeds thereof, shall be transferred by the party holding such Forward Collateral to the other party; provided, however, that
neither party shall be required to transfer such Forward Collateral to the other if such transfer would result in the creation of a Net Unsecured Forward Exposure of the transferor.    
	 
	 	
(g)	
The Pledgor (as defined below) of Forward Collateral may, subject to agreement with and acceptance by the Pledgee (as defined below) thereof, substitute other Securities reasonably acceptable to the Pledgee for any Securities
Forward Collateral. Such substitution shall be made by transfer to the Pledgee of such other Securities and transfer to the Pledgor of such Securities Forward Collateral. After substitution, the substituted Securities shall constitute Forward
Collateral.      
	 
	
3.	
Security Interest.   
	 
	 	
(a)	
In addition to the rights granted to the parties under Paragraph 6 of the Agreement, each party (“Pledgor”) hereby pledges to the other party (“Pledgee”) as security for the performance of its obligations
hereunder, and grants Pledgee a security interest in and right of setoff against, any Forward Collateral and any other cash, Securities or property, and all proceeds of any of the foregoing, transferred by or on behalf of Pledgor to Pledgee or due
from Pledgee to Pledgor in connection with the Agreement and the Forward Transactions hereunder. 
	 
	 	
(b)	
Unless otherwise agreed by the parties, a party to whom Forward Collateral has been transferred shall have the right to engage in repurchase transactions with Forward Collateral or otherwise sell, transfer, pledge or hypothecate
Forward Collateral, including in respect of loans or other extensions of credit to such party that may be in amounts     
	 



 27














	 	 	 greater than the Forward Collateral
    such party is entitled to as security for obligations hereunder, and that
    may extend for periods of time longer than the periods during which such
    party is entitled to Forward Collateral as security for obligations hereunder; provided,
    however, that no such transaction shall
    relieve such party of its obligations to transfer Forward Collateral pursuant
    to Paragraph 2 or 4 of this Annex V or Paragraph 11 of the Agreement. 
	 	 	 	 
	
4.	
Events of Default.   
	 	 	 	 
	 	
(a)	
In addition to the Events of Default set forth in Paragraph 11 of the Agreement, it shall be an additional “Event of Default” if either party fails, after one business day’s notice, to perform any covenant or
obligation required to be performed by it under Paragraph 2 or any other provision of this Annex.        
	 	 	 	 
	 	
(b)	
In addition to the other rights of a nondefaulting party under Paragraphs 11 and 12 of the Agreement, if the nondefaulting party exercised or is deemed to have exercised the option referred to in Paragraph 11(a) of the
Agreement:       
	 	 	 	 
	 	 	
(i)	
The nondefaulting party, without prior notice to the defaulting party, may (A) immediately sell, in a recognized market (or otherwise in a commercially reasonable manner) at such price or prices as the nondefaulting party may
reasonably deem satisfactory, any or all Forward Collateral subject to any or all Forward Transactions hereunder and apply the proceeds thereof to any amounts owing by the defaulting party hereunder or (B) in its sole discretion elect, in lieu of
selling all or a portion of such Forward Collateral, to give the defaulting party credit for such Forward Collateral in an amount equal to the price therefor on such date, obtained from a generally recognized source or the most recent closing bid
quotation from such a source, against any amounts owing by the defaulting party hereunder.       
	 	 	 	 
	 	 	
(ii)           	
Any Forward Collateral held by the defaulting party, together with any Income thereon and proceeds thereof, shall be immediately transferred by the defaulting party to the nondefaulting party. The nondefaulting party may, at its
option (which option shall be deemed to have been exercised immediately upon the occurrence of an Act of Insolvency), and without prior notice to the defaulting party, (i)
immediately purchase, in a recognized market (or otherwise in a
commercially reasonable manner) at such price or prices as the nondefaulting party may reasonably deem satisfactory, securities (“Replacement Securities”) of the same class and amount as any Securities Forward Collateral that is not
delivered by the defaulting party to the nondefaulting party as required hereunder or (ii) in its sole discretion elect, in lieu of purchasing Replacement Securities, to be deemed to have purchased Replacement Securities at the price therefor on
such date, obtained from a generally recognized source or the most recent closing offer quotation from such a source, whereupon the defaulting party shall be liable for the price of such Replacement Securities together with the amount of any cash
Forward Collateral not delivered by the defaulting party to the nondefaulting party as required hereunder.       
	 	 	 	 
	 	 	
  Unless otherwise provided in Annex I, the parties acknowledge and agree that (1) the Forward Collateral subject to any Forward Transaction hereunder are instruments traded in a recognized market, (2) in the absence of a generally
recognized source for prices or bid quotations for any Forward Collateral, the nondefaulting party may establish the source therefor in its sole discretion and (3) all prices and bids shall be determined      



28














 

	 	 	 together with accrued Income (except to the
      extent contrary to market practice with respect to the relevant Forward
    Collateral).
	 	 	 
	
5.	
No Waivers. Etc. Without limitation of the provisions of Paragraph 17 of the Agreement, the failure to give a notice pursuant to subparagraph (a), (b), (c) or (d) of Paragraph 2 of this Annex V
will not constitute a waiver of any right to do so at a later date.      
	 	 	 



 29















Annex VI

Buy/Sell Back Transactions


This Annex VI forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp. Capitalized terms used but not defined
in this Annex VI shall have the meanings ascribed to them in the Agreement.

	
1.	
In the event of any conflict between the terms of this Annex VI and any other term of the Agreement, the terms of this Annex VI shall prevail.        
	 
	
2.	
Each Transaction shall be identified at the time it is entered into and in the relevant Confirmation as either a Repurchase Transaction or a Buy/Sell Back Transaction.       
	 
	
3.	
In the case of a Buy/Sell Back Transaction, the Confirmation delivered in accordance with Paragraph 3 of the Agreement may consist of a single document in respect of both of the transfers of funds against Securities which together
form the Buy/Sell Back Transaction or separate Confirmations may be delivered in respect of each such transfer.  
	 
	
4.	
Definitions. The following definitions shall apply to Buy/Sell Back Transactions:    
	 
	 	
(a)	
“Accrued Interest”, with respect to any Purchased Securities subject to a Buy/Sell Back Transaction, unpaid Income that has accrued during the period from (and including) the issue date or the last Income payment date
(whichever is later) in respect of such Purchased Securities to (but excluding) the date of calculation. For these purposes unpaid Income shall be deemed to accrue on a daily basis from (and including) the issue date or the last Income payment date
(as the case may be) to (but excluding) the next Income payment date or the maturity date (whichever is earlier);        
	 
	 	
(b)	
“Sell Back Differential”, with respect to any Buy/Sell Back Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Buy/Sell Back Transaction to the Purchase Price for
such Buy/Sell Back Transaction on a 360 day per year basis (unless otherwise agreed by the parties for the Transaction) for the actual number of days during the period commencing on (and including) the Purchase Date for such Buy/Sell Back
Transaction and ending on (but excluding) the date of determination;     
	 
	 	
(c)	
“Sell Back Price”, with respect to any Buy/Sell Back Transaction:   
	 
	 	 	
(i)	
in relation to the date originally specified by the parties as the Repurchase Date pursuant to Paragraph 2(q) of the Agreement, the price agreed by the Parties in relation to such Buy/Sell Back Transaction, and    
	 
	 	 	
(ii)           	
in any other case (including for the purposes of the application of Paragraph 4 or Paragraph 11 of the Agreement), the product of the formula (P + D) - (IR + C), where:      
	 
	 	 	 	
P	
= the Purchase Price  
	 
	 	 	 	
D	
= the Sell Back Differential  
	 
	 	 	 	IR	
 = the amount of any Income in respect of the Purchased
Securities paid by the issuer on any date falling between the Purchase Date and
the Repurchase Date 
	 



30 














 

	 	 	 	C 	= the aggregate amount obtained
        by daily application of the Pricing Rate for such Buy/Sell Back Transaction
        to any such Income from (and including) the date of payment by the issuer
    to (but excluding) the date of calculation.
	 	 	 	 	 


	
5.             	
When entering into a Buy/Sell Back Transaction the parties shall also agree on the Sell Back Price and the Pricing Rate to apply in relation to such Buy/Sell Back Transaction on the scheduled Repurchase Date. The parties shall
record the Pricing Rate in at least one Confirmation applicable to such Buy/Sell Back Transaction.       
	 
	
6.             	
Termination of a Buy/Sell Back Transaction shall be effected on the Repurchase Date by transfer to Seller or its agent of Purchased Securities against the payment by Seller of (i) in a case where the Repurchase Date is the date
originally agreed to by the parties pursuant to Paragraph 2(q) of the Agreement, the Sell Back Price referred to in Paragraph 4(c)(i) of this Annex; and (ii) in any other case, the Sell Back Price referred to in Paragraph 4(c)(ii) of this
Annex.   
	 
	
7.             	
For the avoidance of doubt, the parties acknowledge and agree that the Purchase Price and the Sell Back Price in Buy/Sell Back Transactions shall include Accrued Interest (except to the extent contrary to market practice with
respect to the Securities subject to such Buy/Sell Back Transaction, in which event (i) an amount equal to the Purchase Price plus Accrued Interest to the Purchase Date shall be paid to Seller on the Purchase Date and shall be used, in lieu of the
Purchase Price, for calculating the Sell Back Differential, (ii) an amount equal to the Sell Back Price plus the amount of Accrued Interest to the Repurchase Date shall be paid to Buyer on the Repurchase Date, and (iii) the formula in Paragraph
4(c)(ii) of this Annex VI shall be replaced by the formula “(P + AI + D) – (IR + C)”, where “AI” equals Accrued Interest to the Purchase Date). 
	 
	
8.             	
Unless the parties agree in Annex I to the Agreement that a Buy/Sell Back Transaction is not to be repriced, they shall at the time of repricing agree on the Purchase Price, the Sell Back Price and the Pricing Rate applicable to
such Transaction.        
	 
	
9.             	
Paragraph 5 of the Agreement shall not apply to Buy/Sell Back Transactions. Seller agrees, on the date such Income is received, to pay to Buyer any Income received by Seller in respect of Purchased Securities that is paid by the
issuer on any date falling between the Purchase Date and the Repurchase Date.    
	 
	
10.	
References to “Repurchase Price” throughout the Agreement shall be construed as references to “Repurchase Price or the Sel1 Back Price, as the case may be.”      
	 
	
11.	
In Paragraph 11 of the Agreement, references to the “Repurchase Prices” shall be construed as references to “Repurchase Prices and Sell Back Prices.”     
	 



 31















Annex VII

Transactions Involving Registered Investment Companies


This Annex VII (including any Schedules hereto) forms a part of the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Street Capital Corp. (“Counterparty”) and each
investment company identified on Schedule VII.A hereto (as such schedule may be amended from time to time) acting on behalf of its respective series or portfolios identified on such Schedule VII.A, or in the case of those investment companies for
which no separate series or portfolios are identified on such Schedule VII.A, acting for and on behalf of itself (each such series, portfolio or investment company, as the case may be, hereinafter referred to as a “Fund”). In the event of
any conflict between the terms of this Annex VII and any other term of the Agreement, the terms of this Annex VII shall prevail. Capitalized terms used but not defined in this Annex VII shall have the meanings ascribed to them in the
Agreement.

	
1.	
Multiple Funds. For any Transaction in which a Fund is acting as Buyer (or Seller, as the case may be), each reference in the Agreement and this Annex VII to Buyer (or Seller, as the case may be)
shall be deemed a reference solely to the particular Fund to which such Transaction relates, as identified to Seller (or Buyer, as the case may be) by the Fund and as may be specified in the Confirmation therefor. In no circumstances shall the
rights, obligations or remedies of either party with respect to a particular Fund constitute a right, obligation or remedy applicable to any other Fund. Specifically, and without otherwise limiting the scope of this Paragraph: (a) the margin
maintenance obligations of Buyer and Seller specified in Paragraph 4 or any other provisions of the Agreement and the single agreement provisions of Paragraph 12 of the Agreement shall be applied based solely upon Transactions entered into by a
particular Fund, (b) Buyer’s and Seller’s remedies under the Agreement upon the occurrence of an Event of Default shall be determined as if each Fund had entered into a separate Agreement with Counterparty, and (c) Seller and Buyer shall
have no right to set off claims related to Transactions entered into by a particular Fund against claims related to Transactions entered into by any other Fund. 
	 
	
2.	
Margin Percentage.
For any Transaction in which a Fund is acting as Buyer, the Buyer’s
Margin Percentage shall always be equal to at least ____%, or such other percentage
as the parties hereto may from time to time mutually determine; provided,
that in no event shall such percentage be less than 100%. For any Transaction
in which a Fund is acting as Seller, the  Buyer’s Margin Percentage shall
be such percentage as the parties hereto may from time to time mutually determine; provided,
that in no event shall such percentage be less than  100%.    
	 
	
3.	
Confirmations. Unless otherwise agreed, Counterparty shall promptly issue a Confirmation to the Fund pursuant to Paragraph 3 of the Agreement. Upon the transfer of substituted or Additional
Purchased Securities by either party, Counterparty shall promptly provide notice to the Fund confirming such transfer.   
	 
	
4.	
Financial Condition. Each party represents that it has delivered the following financial information to the other party to the Agreement: in the case of a party that is a registered broker-dealer,
its most recent statements required to be furnished to customers by Rule 17a-5(c) under the 1934 Act; in the case of a party that is a Fund, its most recent audited or unaudited financial statements required to be any other party, its most recent
audited or unaudited statements of financial condition or other comparable information concerning its financial condition.       
	 



32
















	 	
Each party represents that the financial statements or information so delivered fairly reflect its financial condition and, if applicable, its net capital ratio, on the date as of which such financial statements or information
were prepared. Each party agrees that it will make available and deliver to the other party, promptly upon request, all such financial statements that subsequently are required to be delivered to its customers or shareholders pursuant to Rule
17a-5(c) or Rule 30d-1, as the case may be, or, in the case of a party that is neither a registered broker-dealer nor a Fund, all such financial information that subsequently becomes available to the public.  
	 
	 	
Each Fund acknowledges and agrees that it has made an independent evaluation of the creditworthiness of the other party that is required pursuant to the Investment Company Act of 1940 or the regulations thereunder. Each Fund
agrees that its agreement to enter into each Transaction hereunder shall constitute an acknowledgment and agreement that it has made such an evaluation. 
	 
	
5.	
Segregation of Purchased Securities. Unless otherwise agreed by the parties, any transfer of Purchased Securities to a Fund shall be effected by delivery or other transfer (in the manner agreed
upon pursuant to Paragraph 7 of the Agreement) to the custodian or subcustodian designated for such Fund in Schedule VII.A hereto (“Custodian”) for credit to the Fund’s custodial account with such Custodian. If the party effecting
such transfer is the Fund’s Custodian, such party shall, unless otherwise directed by the Fund, (a) transfer and maintain such Purchased Securities to and in the Fund’s custodial account with such party and (b) so indicate in a notice to
the Fund.        
	 



 33















Schedule VII.A


Supplemental Terms and Conditions of Transactions

Involving
Registered Investment Companies


This Schedule VII.A forms a part of Annex VII to the Master Repurchase Agreement dated as of June 16, 2005 (the “Agreement”) between Greenwich Capital Markets, Inc. and Greenwich Street Capital Corp. Capitalized terms
used but not defined in this Schedule VII.A shall have the meanings ascribed to them in Annex VII.

	
1.             	
This Agreement is entered into by or on behalf of the following Funds, and unless otherwise indicated by the appropriate Fund in connection with a Transaction, the following Custodians are designated to receive transfers of
Purchased Securities on behalf of such Funds for credit to the appropriate Fund’s custodial account:        
	 



  	
    Name of Fund 
          	
    Custodian 
          
	 	 
	 	 
	 	 
	 	 
	 	 




	 	 
	 	 
	 [ ].  	Limitation
          of Liability. If the Fund is organized
          as a business trust (or a series thereof), the parties agree as follows:
          [insert appropriate language limiting liability of trustees, officers
    and others].
	 


 

 

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