Epstein Secrets

dy's Recovery Rate- and (ii) the principal balance of such Defaulted Obligation or Deferring PIK Obligation, or such higher amount as is approved by Moody's; provided that the "Moody's Recovery Amount" of any Synthetic Security which is a Defaulted Obligation or a Deferring PIK Obligation will be the am

oody's Obligation Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Obligation Rating is higher than the Moody's Default Probability Rating. the rating subcategories difference will be positive and if it is lower, negative): Number of Moody's Ratings Subcategories Difference Between th

ing order of priority. (a) with respect to a Moody's Senior Secured Loan: (i) if the Loan's Obligor has a Corporate Family Rating (as defined by Moody's) from Moody's, such Corporate Family Rating; or (ii) if the preceding clause does not apply, the Moody's Obligation Rating of such Loan; (b) wit

all be determined based on the applicable Collateral Obligation. Notwithstanding the foregoing, if the Moody's rating or ratings used to determine the Moody's Default Probability Rating are on watch for downgrade or upgrade by Moody's, such rating or ratings will be adjusted down one subcategory (if on watch for downgrade) or up on

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

llateral 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 of Moody's Ratings Subcategories Difference Between t

dy's Recovery Rate- and (ii) the principal balance of such Defaulted Obligation or Deferring PIK Obligation, or such higher amount as is approved by Moody's; provided that the "Moody's Recovery Amount" of any Synthetic Security which is a Defaulted Obligation or a Deferring PIK Obligation will be the am

oody's Obligation Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Obligation Rating is higher than the Moody's Default Probability Rating. the rating subcategories difference will be positive and if it is lower, negative): Number of Moody's Ratings Subcategories Difference Between th

ctor: With respect to any Collateral Obligation. the number set forth in the table below opposite the Moody's Rating of such Collateral Obligation. Moody's Moody's Moody's Rating Moody's Rating Rating Factor Rating Factor Aaa* 1 Bal 940 MI 10 Ba2 1350 Aa2 20 Ba3 1.766 Aa3 40 BI 2

oody's Obligation Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Obligation Rating is higher than the Moody's Default Probability Rating. the rating subcategories difference will be positive and if it is lower, negative): Number of Moody's Ratings Subcategories Difference Between th

Moody's Rating": The monitored publicly available rating or the monitored estimated rating expressly assigned to a debt obligation (or facility) by Moody's that addresses the full amount of the principal and interest promised: provided that so long as the Issuer applies for an estimated rating in a time

justed down one subcategory• (if on review for possible downgrade) or up one subcategory (if on review for possible upgrade) and (y) for purposes of the Moody's Default Probability Rating used in determining the Moody's Rating Factor of a Collateral Obligation. if such Moody's rating or S&P rating used to determine the Moody's Defaul