Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

(c) it does not provide for any principal payments that are contingent (other than as described in (a)above).A “qualified floating rate” is any variable rate where variations in the value of the rate canreasonably be expected to measure contemporaneous variations in the cost of newly borrowed fundsin the currency in which the Variable Interest Rate Note is denominated. A fixed multiple of aqualified floating rate will constitute a qualified floating rate only if the multiple is greater than 0.65but not more than 1.35. A variable rate equal to the product of a qualified floating rate and a fixedmultiple that is greater than 0.65 but not more than 1.35, increased or decreased by a fixed rate, willalso constitute a qualified floating rate. In addition, two or more qualified floating rates that canreasonably be expected to have approximately the same values throughout the term of the VariableInterest Rate Note (e.g. two or more qualified floating rates with values within 25 basis points of eachother as determined on the Variable Interest Rate Note’s issue date) will be treated as a singlequalified floating rate. Notwithstanding the foregoing, a variable rate that would otherwise constitute aqualified floating rate but which is subject to one or more restrictions such as a maximum numericallimitation (i.e. a cap) or a minimum numerical limitation (i.e. a floor) may, under certaincircumstances, fail to be treated as a qualified floating rate.An “objective rate” is a rate that is not itself a qualified floating rate but which is determined using asingle fixed formula and which is based on objective financial or economic information (e.g. one ormore qualified floating rates or the yield of actively traded personal property). A rate will not qualifyas an objective rate if it is based on information that is within the control of the Issuer (or a relatedparty) or that is unique to the circumstances of the Issuer (or a related party), such as dividends,profits or the value of the Issuer’s stock (although a rate does not fail to be an objective rate merelybecause it is based on the credit quality of the Issuer). Other variable interest rates may be treated asobjective rates if so designated by the IRS in the future. Despite the foregoing, a variable rate ofinterest on a Variable Interest Rate Note will not constitute an objective rate if it is reasonablyexpected that the average value of the rate during the first half of the Variable Interest Rate Note’sterm will be either significantly less than or significantly greater than the average value of the rateduring the final half of the Variable Interest Rate Note’s term. A “qualified inverse floating rate” isany objective rate where the rate is equal to a fixed rate minus a qualified floating rate, as long asvariations in the rate can reasonably be expected to inversely reflect contemporaneous variations inthe qualified floating rate. If a Variable Interest Rate Note provides for stated interest at a fixed ratefor an initial period of one year or less followed by a variable rate that is either a qualified floatingrate or an objective rate for a subsequent period and if the variable rate on the Variable Interest RateNote’s issue date is intended to approximate the fixed rate (e.g. the value of the variable rate on theissue date does not differ from the value of the fixed rate by more than 25 basis points), then the fixedrate and the variable rate together will constitute either a single qualified floating rate or objectiverate, as the case may be.A qualified floating rate or objective rate in effect at any time during the term of the instrument mustbe set at a “current value” of that rate. A “current value” of a rate is the value of the rate on any daythat is no earlier than three months prior to the first day on which that value is in effect and no laterthan one year following that first day.If a Variable Interest Rate Note that provides for stated interest at either a single qualified floating rateor a single objective rate throughout the term thereof qualifies as a “variable rate debt instrument”,then any stated interest on the Note which is unconditionally payable in cash or property (other thandebt instruments of the Issuer) at least annually will constitute qualified stated interest and will betaxed accordingly. Thus, a Variable Interest Rate Note that provides for stated interest at either asingle qualified floating rate or a single objective rate throughout the term thereof and that qualifies asa “variable rate debt instrument” will generally not be treated as having been issued with OID unlessthe Variable Interest Rate Note is issued at a “true” discount (i.e. at a price below the Note’s stated325