any such Loaned Collateral Obligation shall not be disqualified for return to the Trustee as a Pledged Collateral Obligation by reason of any change in circumstance or status during the time while on loan (including any change which would cause such Collateral Obligation to be ineligible for purchase by the Issuer under the terms hereof if applied to a proposed purchase thereof in the open market at the time of such return from loan). (e) Upon termination of a Securities Lending Agreement and upon receipt of a written certification of the Investment Manager that such transfer is in accordance with the terms of the relevant Securities Lending Agreement, the Trustee shall transfer any Securities Lending Collateral received with respect to such Securities Lending Agreement, either (i) to the Securities Lending Counterparty or (ii) to the Collection Account for application as Interest Proceeds or Principal Proceeds, as applicable. (9 If a Securities Lending Counterparty no longer meets the required ratings, then the Investment Manager, on behalf of the Issuer, within ten Business Days thereof, will take one of the following actions: (i) terminate each Securities Lending Agreement with such Securities Lending Counterparty; (ii) require the Securities Lending Counterparty (at such counterparty's expense) to obtain a guarantor (satisfying applicable Rating Agency criteria on guarantors) for its obligations under the given Securities Lending Agreement or Agreements; (iii) reduce the percentage of the Collateral Obligations lent to the affected Securities Lending Counterparty so that each such Securities Lending Agreement, together with all other Securities Lending Agreements, is in compliance with the requirements relating to the credit ratings of Securities Lending Counterparties; (iv) take such other steps as each Rating Agency that has reduced its rating of such Securities Lending Counterparty may require to cause such Securities Lending C