Document:

Forebearance and Reservation Rights - Resource Capital Funding II, LLC

 Exhibit 10.18 
 EXECUTION COPY 
 [RESOURCE CAPITAL FUNDING II, LLC]

 FORBEARANCE AND RESERVATION OF RIGHTS 
 This FORBEARANCE AND RESERVATION OF RIGHTS (this “Forbearance”), dated as of November 20, 2009, is entered into by and among RESOURCE CAPITAL FUNDING II, LLC (the
“Borrower”), LEAF FINANCIAL CORPORATION (the “Servicer”), MORGAN STANLEY ASSET FUNDING INC. (“Morgan Stanley AFI”), as a Lender, and MORGAN STANLEY CAPITAL SERVICES INC. (the “Qualifying
Swap Counterparty”). 
 BACKGROUND 
 1. The Borrower, the Servicer, Morgan Stanley Bank, N.A. (f/k/a Morgan Stanley Bank), as Collateral Agent, Morgan Stanley AFI, Lyon Financial Services, Inc. (d/b/a U.S. Bank Portfolio Services), as the
Backup Servicer, U.S. Bank National Association, as the Custodian and the Lender’s Bank are parties to the Receivables Loan and Security Agreement, dated as of October 31, 2006 (as amended, supplemented or otherwise modified through the
date hereof, the “RLSA”). Capitalized terms used herein but not defined herein shall have the meanings set forth in the RLSA. 
 2. The Borrower and the Qualifying Swap Counterparty are parties to a Qualifying Interest Rate Swap dated as of December 22, 2006 (as amended, supplemented or otherwise modified through the date
hereof, and including all swap transactions entered into pursuant thereto, the “Swap Agreement”). 
 3. LEAF
Capital Funding III, LLC, LEAF Financial Corporation, Morgan Stanley Bank, N.A. (f/k/a Morgan Stanley Bank), Morgan Stanley AFI, The Royal Bank of Scotland plc, Lyon Financial Services, Inc. (d/b/a U.S. Bank Portfolio Services), and U.S. Bank
National Association are parties to the Receivables Loan and Security Agreement, dated as of November 1, 2007 (as amended, supplemented or otherwise modified through the date hereof, the “LEAF III RLSA”). 
 4. The Facility Maturity Date under the RLSA occurred on October 31, 2009. 
 5. The Borrower and the Servicer have requested that the Lender (the “Forbearing Party”) forbear for a period of time from
exercising certain of its rights under the RLSA as set forth in Section 1(a) below. Such Person is willing to agree to such forbearance, subject to the terms and conditions hereof. 
 6. The Borrower has also requested that the Qualifying Swap Counterparty forbear for a period of time from exercising certain of its rights
under the Swap Agreement as set forth in Section 1(b) below. The Qualifying Swap Counterparty is willing to agree to such forbearance, subject to the terms and conditions hereof. 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows: 
 SECTION 1. Forbearance. 
 (a) The Servicer and the Borrower hereby notify the Forbearing Party that the financial statements of LEAF Financial
Corporation and its consolidated subsidiaries for the quarter ending September 30, 2009, which were delivered to Morgan Stanley AFI by LEAF Capital Funding III, LLC, pursuant to the LEAF III RLSA, on or about November 16, 2009, showed that
LEAF Financial Corporation and its consolidated subsidiaries did not meet the required performance metric described in Section 7.01(y)(C) of the LEAF III RLSA (such condition, the “LEAF III Breach”). As a result of the
LEAF III Breach, each of the events set forth on Schedule A attached hereto under the LEAF III RLSA occurred (collectively, the “LEAF III Servicer Profitability Metric”). The occurrence of the LEAF III Servicer Profitability
Metric causes each of the events set forth on Schedule B attached hereto solely in connection with the LEAF III Breach (the “LEAF II Servicer Profitability Metric”), and entitles the Forbearing Party to exercise rights and
remedies pursuant to the RLSA and the other Transaction Documents absent the forbearance provided for hereunder. For the period commencing on November 20, 2009 and ending on the close of business on December 1, 2009 (the
“Forbearance Period”), the Forbearing Party will forbear from exercising its rights and remedies resulting solely from the LEAF II Servicer Profitability Metric. The forbearance provided herein shall not extend to any Event of
Default, Program Termination Event or Servicer Default other than the LEAF II Servicer Profitability Metric and all of the Forbearing Party’s rights and remedies with respect thereto are hereby reserved. Further, the forbearance provided herein
shall not derogate from the Forbearing Party’s rights to collect, reserve and/or apply proceeds of Pledged Assets to payment of outstanding liabilities as may be specifically provided for in the RLSA and the other Transaction Documents. If the
foregoing forbearance is not extended by the Forbearing Parties by the end of the Forbearance Period, the performance metric described in Section 7.01(y)(C) of the LEAF III RLSA is not retroactively amended or the LEAF III Breach is not
waived, the Borrower and the Servicer hereby acknowledge that the LEAF II Servicer Profitability Metric shall exist and that the Lender shall be fully entitled to declare the Program Termination Date and exercise all other rights and remedies with
respect thereto under the RLSA and the other Transaction Documents. Notwithstanding anything to the contrary set forth herein, for the avoidance of doubt, the parties hereto hereby agree that (i) during the Forbearance Period all payments made
pursuant to Section 2.04 of the RLSA shall be made as if each event listed on Schedule B hereto has occurred and is continuing and (ii) both during and after the Forbearance Period, all payments made pursuant to
Section 2.04 of the RLSA shall be made as if the Facility Maturity Date has occurred. 
 (b) The
Borrower hereby notifies the Qualifying Swap Counterparty that one or more of the LEAF II Servicer Profitability Metric constitutes the “Event of Default” (as defined in the Swap Agreement) set forth in clause (1) of
Section 5(a)(vi) of the Swap Agreement and entitles the Qualifying Swap Counterparty to exercise remedies pursuant thereto absent the forbearance provided for hereunder. The Qualifying Swap Counterparty hereby agrees to forbear from
exercising its rights and remedies resulting solely from such “Event of Default” or the LEAF III Breach and each of the Qualifying

  

 -2- 

 
Swap Counterparty and the Borrower hereby agrees that the “Early Termination Date” under (and as defined in) the Swap Agreement shall not be declared as a result of such “Event of
Default” during the Forbearance Period. If the foregoing forbearance is not extended by the Qualifying Swap Counterparty by the end of the Forbearance Period, the performance metric described in Section 7.01(y)(C) of the LEAF III
RLSA is not retroactively amended or the LEAF III Breach is not waived, the Borrower hereby acknowledges that such “Event of Default” shall exist under the Swap Agreement and that the Qualifying Swap Counterparty shall be fully entitled to
exercise all rights and remedies with respect thereto under the Swap Agreement. 
 SECTION 2. Representations and
Warranties. Each of the Borrower and Servicer represents and warrants that: 
 (a) except as expressly
described in Section 1 above, or except as has been described in that certain Forbearance, Reservation of Rights and Amendment dated October 31, 2009 among the parties hereto, Morgan Stanley Bank, N.A. (f/k/a Morgan Stanley Bank),
Lyon Financial Services, Inc. (d/b/a U.S. Bank Portfolio Services) and U.S. Bank National Association, no event or condition has occurred and is continuing which would constitute an Event of Default, a Program Termination Event, a Servicer Default,
a Pool A Termination Event, a Pool B Termination Event, a “Termination Event” under the Swap Agreement, an “Event of Default” under the Swap Agreement, or any event that, if it continued uncured, with the lapse of time or notice,
or both, would constitute any of the foregoing events; and 
 (b) except as expressly described in
Section 1 above, its representations and warranties set forth in the RLSA, the Swap Agreement and the other Transaction Documents are true and correct as of the date hereof, as though made on and as of such date (except to the extent
such representations and warranties relate solely to an earlier date and then as of such earlier date), and such representations and warranties shall continue to be true and correct (to such extent) after giving effect to the transactions
contemplated hereby. 
 SECTION 3. Effect of Forbearance; Ratification. Except as expressly set forth herein, the RLSA,
the Swap Agreement and each of the other Transaction Documents remain in full force and effect and are hereby ratified. This Forbearance shall not be deemed to expressly or impliedly waive, amend, or supplement any provision of the RLSA or the Swap
Agreement other than as specifically set forth herein. 
 SECTION 4. Expenses. The Borrower agrees to pay on demand all
reasonable costs and expenses of the Forbearing Parties and the Qualifying Swap Counterparty (including costs and expenses of counsel for the Forbearing Parties and the Qualifying Swap Counterparty) incurred in connection with the preparation,
execution and delivery of this Forbearance. 
 SECTION 5. Counterparts. This Forbearance may be executed in any number of
counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
  

 -3- 

 SECTION 6. Governing Law. This Forbearance shall be governed by, and construed in
accordance with, the internal laws of the State of New York without regard to the conflicts of law principles thereof (other than Section 5-1401 of the New York General Obligations Law). 
 SECTION 7. Section Headings. The various headings of this Forbearance are inserted for convenience only and shall not affect the
meaning or interpretation of this Forbearance or any provision hereof. 
 SECTION 8. Entire Agreement. This Forbearance
is intended by the parties hereto to be the final expression of their agreement with respect to the subject matter hereof, and is the complete and exclusive statement of the terms thereof, notwithstanding any representations, statements or
agreements to the contrary heretofore made. 
 [SIGNATURE PAGES FOLLOW] 
  

 -4- 

 IN WITNESS WHEREOF, the parties have executed this Forbearance as of the date first written
above. 
  

			
	RESOURCE CAPITAL FUNDING II, LLC, as Borrower
		
	By:	 	/s/ Miles Herman

			
	Name: 	 	Miles Herman
	Title:	 	VP – Equipment Leasing
	
	LEAF FINANCIAL CORPORATION, as Servicer

			
		
	By:	 	/s/ Miles Herman
	Name: 	 	Miles Herman
	Title:	 	President/COO

  

					
		 	S-1	 	 Forbearance and Reservation
 of Rights (Resource
 Capital Funding II, LLC)

			
	MORGAN STANLEY ASSET FUNDING INC., as Lender
		
	By:	 	/s/ Stephen W. Holmes

			
	Name: 	 	Stephen W. Holmes
	Title:	 	Authorized Signatory

  

					
		 	S-2	 	 Forbearance and Reservation
 of Rights (Resource
 Capital Funding II, LLC)

			
	MORGAN STANLEY CAPITAL SERVICES INC., as Qualifying Swap Counterparty
		
	By:	 	/s/ Charmaine Fearon

			
	Name: 	 	Charmaine Fearon
	Title:	 	Authorized Signatory

  

					
		 	S-3	 	 Forbearance and Reservation
 of Rights (Resource
 Capital Funding II, LLC)

 SCHEDULE A 
 “LEAF III Servicer Profitability Metric” means the occurrence of any of the following events: 
 (i) the Event of Default set forth in Section 7.01(k) of the LEAF III RLSA, 
 (ii) the Event of Default set forth in Section 7.01(n) of the LEAF III RLSA, 
 (iii) the Event of Default set
forth in Section 7.01(s) of the LEAF III RLSA, 
 (iv) the Event of Default set forth in Section 7.01(y)(C) of the LEAF
III RLSA, 
 (v) the Event of Default set forth in Section 7.01(z) of the LEAF III RLSA, 
 (vi) the Program Termination Event set forth in clause (ii) of the definition thereof in the LEAF III RLSA, 
 (vii) the Program Termination Event set forth in clause (x) of the definition thereof in the LEAF III RLSA, 
 (viii) the Program Termination Event set forth in clause (xi)(2) of the definition thereof in the LEAF III RLSA and 
 (ix) the Servicer Default set forth in clause (iv) of the definition thereof in the LEAF III RLSA. 
  

 A-1 

 SCHEDULE B 
 “LEAF II Servicer Profitability Metric” means the occurrence of any of the following events: 
 (i) the Event of Default set forth in Section 7.01(k) of the RLSA, 
 (ii) the
Event of Default set forth in Section 7.01(n) of the RLSA, 
 (iii) the Event of Default set forth in Section 7.01(q)
of the RLSA, 
 (iv) the Event of Default set forth in Section 7.01(r) of the RLSA, 
 (v) the Program Termination Event set forth in clause (ii) of the definition thereof in the RLSA, 
 (vi) the Program Termination Event set forth in clause (x) of the definition thereof in the RLSA, 
 (vii) the Program Termination Event set forth in clause (xi)(2) of the definition thereof in the RLSA and 
 (viii) the Servicer Default set forth in clause (iv) of the definition thereof in the RLSA. 
  

 B-1The form of Global Note

 Exhibit 4.1 
 THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE. 
 BARCLAYS BANK PLC 
 2.5% SENIOR NOTES DUE 2013 
  

			
	No. [    ]	  	$[            ]

 CUSIP NO. 06739F GP0 
 ISIN NO. US06739FGP09 
 BARCLAYS BANK PLC, a company duly
incorporated and existing under the laws of England and Wales (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
Cede & Co., or registered assigns, the principal sum of $500,000,000 (Five Hundred Million Dollars) on January 23, 2013, except as otherwise provided herein, and to pay interest thereon, in accordance with the terms hereof. Interest
shall accrue on the Security from November 23, 2009 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, and shall be paid semi-annually in arrear on January 23rd and
July 23rd of each year (each an “Interest Payment Date”), commencing on July 23, 2010, except as otherwise provided herein, at the rate of 2.5% per annum, until the principal hereof is paid or made available for
payment. 
 The amount of interest which shall accrue hereon shall be computed on the basis of a 360-day year divided into
twelve months of 30 days each. 
 The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest which shall be the fifteenth
calendar day preceding each Interest Payment Date (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the

 
Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 Payment of the principal of and any such interest on this Security will be made at the office or agency of the Company maintained for that
purpose in New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of
interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Senior Debt Security Register, unless such person requests payment by wire transfer pursuant to Section 3.07 of the
Indenture. 
 This Security shall be governed by and construed in accordance with the laws of the State of New York. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 All terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture, as defined herein. 
 THIS SECURITY IS NOT A DEPOSIT AND IS
NOT INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OF THE UNITED STATES OR THE UNITED KINGDOM. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized
signatory, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	Dated: November 23, 2009	 		 	BARCLAYS BANK PLC
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

 Trustee’s Certificate of Authentication 
 This is one of the Securities of the series designated herein referred to in the Indenture. 
  

							
	Dated: November 23, 2009	 		 	THE BANK OF NEW YORK MELLON,
		 		 	    As Trustee
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

 (Reverse of Security) 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”) issued and to
be issued in one or more series under an Indenture, dated as of September 16, 2004 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New
York Mellon, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee, the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Insofar as the provisions of the Indenture may conflict with the
provisions set forth on the face of this Security, the latter shall control for purposes of this Security. 
 This Security is
one of the series designated on the face hereof, limited to a principal amount of $2,000,000,000, which amount may be increased at the option of the Company if in the future it determines that it may wish to sell additional Securities of this
series. References herein to “this series” mean the series designated on the face hereof. 
 Payments under the
Securities will be made without deduction or withholding for, or on account of, any and all present or future income, stamp and other taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or
hereafter imposed, levied, collected, withheld or assessed by or on behalf of the United Kingdom or any political subdivision or authority thereof or therein having the power to tax (each a “Taxing Jurisdiction”), unless such
deduction or withholding is required by law. If any such Taxes are at any time required by a Taxing Jurisdiction to be deducted or withheld, the Company will, subject to the exceptions and limitations set forth in Section 10.04 of the
Indenture, pay such additional amounts of the principal of such Security and any other amounts payable on such Security (“Additional Amounts”) as may be necessary in order that the net amounts paid to the Holder of any Security,
after such deduction or withholding, shall equal the amounts of the principal of such Security and any other amounts payable on such Security which would have been payable in respect of such Security had no such deduction or withholding be required.

 If at any time the Company determines that as a result of a change in or amendment to the laws or regulations of a Taxing
Jurisdiction (including any treaty to which such Taxing Jurisdiction is a party), or a change in an official application or interpretation of such laws or regulations (including a decision of any court or tribunal), either generally or in relation
to any particular Securities, which change, amendment, application or interpretation becomes effective on or after November 18, 2009, and, in the event that any successor entity has assumed the obligations of the Company, which

 
change or amendment becomes effective on or after the date of such assumption of the Company’s obligations: (a) in making any payments of principal or interest, if any, on, or in
respect of, such series of Securities, the Company or any such successor entity that has assumed the obligations of the Company has paid or will or would on the next Interest Payment Date be required to pay Additional Amounts with respect thereto,
or (b) the Company or any such successor entity would not be entitled to claim a deduction in respect of such payments in computing its taxation liabilities, then the Securities will be redeemable upon not less than 30 nor more than 60
days’ notice by mail, on any Interest Payment Date thereafter, in whole but not in part, at the election of the Company as provided in the Indenture at a redemption price equal to 100% of the principal amount of such Securities together with
any accrued but unpaid interest (if any) in respect of such Securities to the date fixed for redemption. In any case where the Company shall determine that as a result of either Section 11.08 or Section 11.09 of the Indenture it is
entitled to redeem the Securities of any series, the Company shall be required to deliver to the Trustee prior to the giving of any notice of redemption a written legal opinion of independent counsel of recognized standing (selected by the Company)
in a form satisfactory to the Trustee confirming that the Company is entitled to exercise its right of redemption under Sections 11.08 or 11.09 of the Indenture. 
 The successor entity that assumes the obligations of the Company pursuant to Section 8.03 of the Indenture shall also be entitled to redeem the Securities of the relevant series in accordance with
Section 11.08 of the Indenture with respect to any change or amendment to, or change in the application or interpretation of the laws or regulations (including any treaty) of the successor entity’s jurisdiction of incorporation which
change or amendment occurs subsequent to the date of any such assumption. 
 The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of
the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

 As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee
written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in aggregate principal amount of the Securities of this series at the time Outstanding shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, the Trustee shall not have
received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such
notice, request and offer of indemnity, and, in the case of a proceeding for the winding-up of the Company in England, such proceeding is in the name and on behalf of the Trustee to the same extent (but no further or otherwise) as the Trustee would
have been entitled so to do. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or interest hereon on or after the respective due dates expressed or provided for
herein. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, as herein provided. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Senior Debt Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of this Security is payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Senior Debt Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing. Thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in registered form without coupons in initial denominations of $100,000 and increments of $1,000 thereafter. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith. 

 Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 The Indenture provides that the Company will be discharged from any and all
obligations in respect of this Security (except for certain obligations to register the transfer or exchange of the Security, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys for payment in trust) or need not
comply with certain restrictive covenants of the Indenture, in each case if the Company deposits, in trust, with the Trustee money or Government Obligations which through the payment of interest thereon and principal thereof in accordance with their
terms will provide money, in an amount sufficient to pay all the principal of, and interest on, the Security on the dates such payments are due in accordance with the terms of this Security and certain other conditions are satisfied. 
 This Security and the Indenture shall be governed by and construed in accordance with the laws of the State of New York.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]