The Initial Purchaser lakes no responsibility for, and has no obligations in respect of, the Issuer and will have no obligation to monitor the performance of the Collateral or the actions of the Investment Manager or the Issuer and will have no authority to advise the Investment Manager or the Issuer or to direct their actions, which will be solely the responsibility of the Investment Manager and the Issuer. If the Initial Purchaser or its Affiliates owns Securities. it will have no responsibility to consider the interests of any other holders of Securities in actions it takes or refrains from taking in such capacity. The Initial Purchaser or any of its Affiliates or employees may purchase Securities (either upon initial issuance or through secondary• transfers), buy credit protection on Securities, or exercise any Voting Rights to which such Securities are entitled. THE INDENTURE AND THE FISCAL AGENCY AGREEMENT Events of Default; Acceleration Events of Default Each of the following events constitutes an "Event of Default" under the Indenture: (a) a default in the payment of any interest on the Class A Notes (so long as the Class A Notes are Outstanding). and thereafter interest on any Rated Notes of the Controlling Class, in each case, when due and payable and such default continues for five Business Days: (b) a default in the payment of principal on (i) any Class of Rated Notes when due and payable at Stated Maturity or on any Rated Notes Redemption Date or (ii) the Subordinated Notes at Stated Maturity; provided. that in the case of any default resulting from an administrative error or omission, only to the extent that such default continues for five days: (c) the Issuer does not perform or comply with am• one or more of its other obligations under the Indenture (other than (i) a covenant or agreement, a default in the performance of which is addressed in other Events of Default or in certain other provisions of the Indenture or (ii) any