Further cover assets

(1) The cover prescribed in section 26a, first sentence may also be effected 1. by promissory notes or acknowledgements of debt within the meaning of sections 780 and 781 of the German Civil Code that are secured by register liens, provided they are based on loan claims that satisfy the requirements named in sections 26b to 26d; insofar as the loan claims satisfy the aforementioned requirements only in part, they may be used for cover only to that extent; section 26a, second sentence applies accordingly; 2. by the cover assets named in section 19(1), first sentence, no. 1, under the conditions and limits named there, with the proviso that the total amount of outstanding aircraft Pfandbriefe takes the place of the total amount of outstanding mortgage Pfandbriefe; 3. by the cover assets named in section 19(1), first sentence, no. 2, under the conditions and limits named there, with the proviso that the total amount of outstanding aircraft Pfandbriefe takes the place of the total amount of outstanding mortgage Pfandbriefe; 4. by the cover assets named in section 19(1), first sentence, no. 3, under the conditions and limits named there, with the proviso that the total amount of outstanding aircraft Pfandbriefe takes the place of the total amount of outstanding mortgage Pfandbriefe; 5. by the cover assets named in section 19(1), first sentence, no. 4, under the conditions and limits named there, with the proviso that the total amount of outstanding aircraft Pfandbriefe takes the place of the total amount of outstanding mortgage Pfandbriefe. For the cover under the first sentence, no. 3, the cover assets named in the first sentence, no. 2 must be counted. For the cover under the first sentence, no. 4, the cover assets named in the first sentence, nos. 2 and 3 must be counted. For the cover under the first sentence, no. 5, the cover assets named in the first sentence, nos. 2 to 4 must be counted. Section 19(1), fifth sentence applies with the proviso that the total amount of outstanding aircraft Pfandbriefe takes the place of the total amount of outstanding mortgage Pfandbriefe. Section 19(1), sixth sentence and section 20(3) apply accordingly.
(2) In the case of section 2(3), BaFin may permit exceptions from the limits of subsection (1), first sentence, nos. 3 to 5, with the exception of claims to the amount payable uniformly to the Pfandbrief bank upon early termination of the master agreement for a derivative transaction.