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PROMISE-A-2000-1 plc - KfW

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6. USE OF PROCEEDS<br />

The net proceeds of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class<br />

E Notes and the Class F Notes will be used by the Issuer to purchase a portfolio of floating rate medium-<br />

term notes issued by <strong>KfW</strong> (the " <strong>KfW</strong> Securities"). The aggregate principal amount of the <strong>KfW</strong> Securities<br />

will initially equal the Initial Principal Amount of the Class A Notes, the Class B Notes, the Class C<br />

Notes, the Class D Notes, the Class E Notes and the Class F Notes, subject to reduction thereafter as<br />

described herein. The net proceeds of the Class G Notes will be invested in an interest bearing account<br />

("Issuer Cash Account") in the name of the Issuer with <strong>KfW</strong> (the " Issuer Cash Account Bank").<br />

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