8. DSRA sizing and control : Will the final DSRA mechanics be fully hard-coded in the bond documentation (minimum months, permitted uses, replenishment rules), and will the DSRA be held at issuer level under Luxembourg law with restricted access?

Yes, the final DSRA mechanics will be clearly defined and hard-coded in the bond documentation.

The documentation will specify in detail:
- The minimum reserve coverage (expressed in number of months of forward interest payments);
- The permitted uses of the DSRA, strictly limited to servicing interest (and, if applicable, principal at maturity);
- The conditions and rules for replenishment, including mandatory top-up provisions if the reserve is drawn;
- The circumstances under which the DSRA may be released.

The DSRA will be held at issuer (Luxembourg compartment) level, under Luxembourg law, and maintained in a segregated account.

Access to the DSRA will be contractually restricted and ring-fenced. Funds will not be available for operational or discretionary use and will be applied strictly in accordance with the bond terms and, where applicable, under the oversight of the security agent or bondholders’ representative.

This structure ensures that the reserve remains outside the operational perimeter of the Costa Rican project entities and fully aligned with Luxembourg securitisation principles.