 This asserts: for any object \(y\), \(y\) falls under the concept being odd and greater than 5 if and only if \(y\) is odd and greater than 5. Note that when the quantified variable \(y\) is instantiated to some object term, the resulting instance of \(\lambda\)-Conversion is a biconditional. Thus, among the many consequences of this axiom we find: 6 falls under the concept being odd and greater than 5 if and only if 6 is odd and greater than 5 (in this case, the biconditional remains true because both sides are false). 