Object when he has rules connecting words? (2,6)

I haven't cracked this one yet — but the brilliant team at Fifteensquared have:

END (object = target) + AS (when) + HE’S (he has). En dash = a medium-width horizontal line (rule) that can be used as a connector in a sentence, for example in ranges such as “April–July”. Printing style guides can go on for hours about the “correct” usage of hyphens, en dashes and em dashes; let’s not go there.