1. Roles of Merrill Lynch and Manager. Merrill Lynch hereby agrees (i) to act as sole advisor to the Manager and the Issuer in connection with structuring the Offering of the Notes, (ii) to act as placement agent for the Notes and to use all...Placement Agent Agreement • December 23rd, 1997 • Pilgrim America Capital Corp • Mortgage bankers & loan correspondents • New York
Board of Directors" shall mean the directors of the Issuer duly appointed from time to time pursuant to the Memorandum of Association and Articles of Association in accordance with Cayman Islands law. 61Collateral Management Agreement • December 23rd, 1997 • Pilgrim America Capital Corp • Mortgage bankers & loan correspondents • New York
