Common use of Risk Mitigation Clause in Contracts

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date or the Interest Rate Swap Effective Date, as applicable.

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(1)(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.

Risk Mitigation. ‌ (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets Loans and their Related Security to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments.payments.‌ (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.

Risk Mitigation. ‌ (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments.payments.‌ (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets Loans and their Related Security to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date or the Interest Rate Swap Effective Date, as applicable.

Risk Mitigation. (a) To the extent not already in place, the Managing GP shall cause the Partnership to enter into a Covered Bond Swap Agreement at the time of issuance of each Series or Tranche of Covered Bonds and an Interest Rate Swap Transaction at the time of each transfer of Portfolio Assets Loans and their Related Security to the Covered Bond Portfolio, in each case, the purpose or effect of which is to materially mitigate the Partnership’s risk of financial loss or exposure from fluctuations in interest rates or currency exchange rates affecting, or which may come to affect, its obligation to make one or more payments. (b) Notwithstanding the foregoing, Covered Bond Swap Agreements entered into as required pursuant to Section 9.10(a9.9(a) may be structured to allow for the postponement of cash flows thereunder until the Covered Bond Swap Effective Date.