REPLACEMENT CAPITAL COVENANT
This REPLACEMENT CAPITAL COVENANT (this ?Replacement Capital Covenant?) is made as of November 30, 2006 by GMAC LLC, a Delaware limited liability company (the ?Company?), in favor of and for the benefit of each Covered Debtholder.
RECITALS:
A.
Prior to the date hereof, the Company issued an aggregate 1,555,000 Preferred Membership Interests of the Company (each, a ?Preferred Membership Interest?), and on the date hereof the Company is issuing 555,000 Preferred Membership Interests, in each case, having a . . .
2649637