Attentus CDO I Offering Circular - Irish Stock Exchange

paper or debt obligations of such holding company) at the time of such investment or contractual
commitment providing for such investment have a credit rating of “Aa3” by Moody’s, “AA-” by
Standard & Poor’s and “AA-” by Fitch, in the case of debt obligations, or “P-1” by Moody, “A-
1+” by Standard & Poor’s and “F1+” by Fitch or better, in the case of commercial paper;
(c) registered securities bearing interest or sold at a discount issued by any corporation under
the laws of the United States of America or any state thereof that have a credit rating of “Aa3” by
Moody’s, “AA-” by Standard & Poor’s and “AA-” by Fitch at the time of such investment or
contractual commitment providing for such investment;
(d) unleveraged repurchase obligations with respect to any security described in clause (a)
above, entered into with a depository institution or trust company (acting as principal) described
in clause (b) or entered into with a corporation (acting as principal) whose short-term debt has a
credit rating of “P-1” by Moody’s, “A-1+” by Standard & Poor’s and “F1+” by Fitch or better at
the time of such investment in the case of any repurchase obligation for a security having a
maturity not more than 183 days from the date of its issuance or whose long-term debt has a
credit rating of “Aa3” by Moody’s, “AA-” by Standard & Poor’s and “AA-” by Fitch or better at
the time of such investment in the case of any repurchase obligation for a security having a
maturity not more than 183 days from the date of its issuance;
(e) commercial paper or other short-term obligations having at the time of such investment a
credit rating of “P-1” by Moody’s, “A-1+” by Standard & Poor’s and, “F1+” by Fitch or better
and either are bearing interest or are sold at a discount from the face amount thereof and that have
a maturity of not more than 183 days from its date of issuance; provided, that in the case of
commercial paper with a maturity of longer than 91 days, the issuer of such commercial paper
(or, in the case of a principal depository institution in a holding company system, the holding
company of such system), if rated by the Rating Agency, must have at the time of such
investment a long-term credit rating of “Aa3” by Moody’s, “AA-” by Standard & Poor’s and,
“AA-” by Fitch;
(f) money market funds with respect to any investments described in clauses (a) through (e)
above having, at the time of such investment, a credit rating of not less than “Aa” and “MR1+”
by Moody’s, “AAAm” or “AAAm-g” by Standard & Poor’s and, “AA” by Fitch; and
(g) so long as JPMorgan Chase Bank, National Association’s short term debt obligations are
rated at least “A-1” by Standard & Poor’s, “P-1” by Moody’s and “F1+” by Fitch, interest
bearing demand cash accounts held at JPMorgan Chase Bank, National Association and, at any
time that JPMorgan Chase Bank, National Association’s short term debt obligations are not rated
at least “A-1” by Standard & Poor’s, “P-1” by Moody’s and “F1+” by Fitch, interest bearing
demand cash accounts at any bank located in the United States, the short term debt obligations of
which are rated at least “A-1” by Standard & Poor’s, “P-1” by Moody’s and “F1+” by Fitch;
provided, that (i) the aggregate amount of funds invested in interest bearing demand cash
accounts held at any bank rated “A-1” by Standard & Poor’s shall not at any time exceed an
amount equal to 20% of the aggregate Outstanding Principal Amount of the Class A-1 Notes at
such time and (ii) no such investment shall have a maturity of greater than 30 days;
provided, that Eligible Investments purchased with funds in the Collection Account, the Discretionary
Interest Shortfall Reserve Account and the Hedge Counterparty Collateral Account shall be held until
maturity except as otherwise specifically provided herein and shall include only such obligations or
securities as mature no later than the Business Day prior to the Distribution Date next succeeding the date
of investment in such obligations or securities, unless such Eligible Investments are issued by the Trustee
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