RecitalsReplacement Capital Covenant • August 17th, 2006 • J P Morgan Chase & Co • National commercial banks
date of issuance of the security or earlier in the event of an early settlement event based on (a) the capital ratios of the Corporation, (b) the capital ratios of the Corporation as anticipated by the Federal Reserve, or (c) the dissolution of the issuer of such Debt Exchangeable for Equity;
