Epstein Secrets

tion, the rating determined in accordance with the following methodology: (a) with respect to a Collateral Obligation that (A) is publicly rated by Moody's, such public rating, (B) is not publicly rated by Moody's but for which a rating or Moody's Credit Estimate has been assigned by Moody's upon the r

h either (1) the Portfolio Advisor is requesting a rating from Moody's or (2) Moody's has indicated that it is in the process of assigning a rating, the Moody's Rating for such Collateral Obligation shall be (I) the Collateral Obligation's expected rating as determined by the Portfolio Advisor in its commercially

espect to any Structured Finance Obligation issued on or after August 1. 2001. (1) if such Structured Finance Obligation is rated at least "Baa3" by Moody's or at least "BBB-" by Fitch, then the S&P Rating thereof will be two rating subcategories below the S&P equivalent rating of the lower of such Mood

are subject to U.S. withholding tax or U.S. insurance premium excise tax: provided, further, that the Collateral Manager shall request from Moody's the Moody's Rating. Moody's Rating Factor and Moody's Recovery Rate for such Synthetic Security and request from S&P the S&P Rating and S&P Recovery Rate for such Synt

en the S&P Rating may be determined using any one of the methods below: (A) if an obligation of the Obligor or its guarantor is publicly rated by Moody's, then the S&P Rating will be determined in accordance with the methodologies for establishing the Moody's Rating set forth above, except that the S

Obligor or its guarantor is publicly rated by Moody's, then the S&P Rating will be determined in accordance with the methodologies for establishing the Moody's Rating set forth above, except that the S&P Rating of such obligation will be (1) one subcategory below the S&P equivalent of the rating assigned by Moody

e Test has the meaning specified in Schedule IX. "Minority Facility Lender' means Deutsche Bank. "Minority Mezzanine Lender means Deutsche Bank. ["Moody's" means Moody's Investors Service, Inc. and any successor thereto.] ["Moody's Rating" means with respect to any Collateral Obligation (other than a D

egories difference between the Collateral Obligation's Moody's Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Rating is higher than the Moody's Default Probability Rating, the rating subcategories difference will be positive and if it is lower, negative): Number o

f such Collateral Obligation may be determined using any one of the methods below: (A) if an obligation of the obligor has a published rating from Moody's then the S&P Rating will be determined in accordance with the methodologies for establishing the Moody's Rating, except that the S&P Rating of such

ing from S&P but has a published rating from Moody's. then the S&P Rating shall be determined in accordance with the methodologies for establishing the Moody's Rating, except that the S&P Rating of such Structured Finance Obligation shall be (1) two subcategories below the S&P equivalent of the rating assigned by