SECTION #..... Certain Assumptions relating to Portfolio Investments.............................…43

Development and support of actuarial models and corresponding actuarial assumptions.

Our opinions are subject to the following assumptions and qualifications:

We have not independently established the validity of the foregoing assumptions.

life actuarial equivalent (determined using the assumptions specified in this Program) of the excess of:

Assumptions used in determining the present value obligation of the interest rate guarantee under the Deterministic Approach:

Based on the foregoing and subject to the other qualifications, assumptions and limitations stated herein, it is my opinion that:

The consolidated forecasted balance sheet and statements of income and cash flows of the Borrower and its Subsidiaries delivered pursuant to [Section 6.01(c)] were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing on the date of such forecasts, and represented, on the date of such forecasts, the Borrower’s best estimate of its future financial condition and performance.

For purposes of this [Section 5], actuarial equivalence is determined using the same actuarial assumptions used to determine actuarially equivalent options in the Retirement Plan.

such information as the Administrative Agent and the Lenders shall reasonably require (including, without limitation, a detailed description of the assumptions used in preparing such projections);