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entage of the Collateral Principal Amount specified below under "Single Counterparty Limit" for the applicable long-term senior unsecured rating by Moody's or S&P Rating of such Synthetic Security Counterparty or selling institution (using the limit for the lower of such ratings, if different), and the
Business Day requested by any Rating Agency and (v) on the Ramp-Up End Date. Defaulted Obligations will be excluded for all purposes of calculating the Portfolio Profile Test (except as provided in the definition of Collateral Principal Amount). 45 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-
additional Collateral Obligation purchased therewith is not lower than the S&P Rating of the Collateral Obligation sold: and (vii) the ratings by Moody's on any Class A Notes are not one or more rating subcategories, and the ratings by Moody's on any other Class of Senior Notes are not two or more rat
y the end of the Collection Period following the Collection Period in which such amounts were received: (ii) after giving effect to such purchase. the Portfolio Profile Test will be satisfied (or, if any test or criterion therein is not satisfied, such test or criterion will be maintained or improved); (iii) the Class
In the case of a Synthetic Security, the Synthetic Security Counterparty or issuer, as the case may be, has a long-term senior unsecured rating by Moody's of at least "Al", and if rated "Al" by Moody's, such rating is not on watch for downgrade, and a long-term senior unsecured rating by. of at least
if, as of any date of determination at, or subsequent to, the end of the Ramp-Up Period, in the aggregate, the Collateral Obligations owned (or, if the Portfolio Profile Test is applied in connection with a proposed purchase of a Collateral Obligation, proposed to be owned) by the Issuer comply with all of the requiremen
he case of a waiver of Default relating to a breach of the representations contained in Section 3.4, written notice of such waiver must be given to Moody's. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every
, without limiting the generality of the foregoing, any failure to meet any criterion or test of the Coverage Tests, the Collateral Quality Test or the Portfolio Profile Test is not an Event of Default except to the extent provided in subclause (h) below), or the failure of any material representation or warranty of the
Entities connected to both Moody's and the Portfolio Profile Test
Standard & Poor's
ORGANIZATIONRating Agency
ORGANIZATIONthe Collateral Principal Amount
ORGANIZATIONthe Collateral Obligations
ORGANIZATION
Eric Holder
PERSONthe Collateral Quality Test
ORGANIZATION
Luxembourg
LOCATION
the Cayman Islands
LOCATIONInterest Proceeds
ORGANIZATIONthe Rating Agencies
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONthe Initial Purchaser
ORGANIZATION
Bermuda
LOCATIONMoody's Investors Service, Inc.
ORGANIZATIONthe Moody's Recovery Rate
ORGANIZATIONthe Determination Date
ORGANIZATIONthe Synthetic Security
ORGANIZATIONNational Association
ORGANIZATIONCitigroup Global Markets Inc.
ORGANIZATIONMoody's Group
ORGANIZATION