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P <br />(c) ensure cash availability, and (d) reduce administrative <br />expenses by reducing recordkeepinq and transfer costs. <br />10. The Tri-Party Repurchase Agreement consists of two <br />integrated documents: 1) a Repurchase Agreement (copy attached <br />hereto as Exhibit A) and 2) a Custody Agreement (copy attached <br />hereto as Exhibit B). Each document is summarized briefly below. <br />11. The Repurchase Agreement is a short-term money <br />market transaction whereby Shearson Lehman Brothers as seller <br />sells securities to the Debtors as buyers against the cash of the <br />Debtors and agrees to repurchase the securities at a later date. <br />The Debtors agree to resell the securities to the seller and, <br />during the interim, the Debtors receive the interest income from <br />the securities. The Repurchase Agreement's material provisions <br />include the following: <br />a. The Repurchase Agreement defines and provides <br />for the sale of certain specified securities between the Debtors <br />and Shearson Lehman Brothers. ee Repurchase Agreement, <br />Exhibit A, at i 3. <br />b. The Repurchase Agreement obligates Shearson <br />Lehman, as seller of securities to the Debtors, to maintain a <br />margin amount as defined in the Repurchase Agreement to insure <br />that on a daily basis the Debtors have securities in their <br />accounts which at least are equal in value to the cash <br />transferred to and invested with Shearson Lehman Brothers. <br />See Repurchase Agreement, Exhibit A, at 1 4. <br />4 <br />