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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Pricing Level
V”: any time when (i) the
senior unsecured long
term debt rating of the Borrower by (x) S&P is BBB or higher or (y) Moody’s
is Baa2 or higher and (ii) none of Pricing Level I, II, III or IV
applies.
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