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ns). "Rating": The S&P Rating or Moody's Rating thereof, as the case may be (and with the correlative meaning "Rated"). "Rating Agency": Either of Moody's or Standard & Poor's: "Rating Agencies" shall mean Moody's and Standard & Poor's. collectively. "Rating Confirmation": With respect to any specifi
"Ramp-Up Period Criteria": (A) The Portfolio Profile Test, the Collateral Quality Test and the Coverage Tests, collectively and (B) the Aggregate Principal Balance of Collateral Obligations as of the Ramp-Up End Date being equal to or
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
a Collateral Obligation) in additional Collateral Obligations if the following conditions arc satisfied: (i) after giving effect to such purchase. the Collateral Quality Test. Portfolio Profile Test and Coverage Tests will be satisfied (or, if any test or criterion therein is not satisfied, such test or criterion will be
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
Fixed Coupon is at least equal to 7.25% per annum; and (vi) The CDO Monitor Test is satisfied. Notwithstanding anything to the contrary herein, the Collateral Quality Test shall not apply during the Ramp-Up Period. "Collection Account": The trust account established pursuant to Section 10.2(a). "Collection Period": (
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
er the Indenture (provided that, 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 repre
Entities connected to both Moody's and the Collateral Quality Test
Standard & Poor's
ORGANIZATIONRating Agency
ORGANIZATION
Eric Holder
PERSONthe Collateral Principal Amount
ORGANIZATION
Luxembourg
LOCATIONthe Collateral Obligations
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONMoody's Rating
ORGANIZATION
the Cayman Islands
LOCATIONInterest Proceeds
ORGANIZATIONthe Rating Agencies
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONthe Initial Purchaser
ORGANIZATIONMoody's Investors Service, Inc.
ORGANIZATIONthe Principal Balance
ORGANIZATIONthe Determination Date
ORGANIZATIONthe Moody's Recovery Rate
ORGANIZATIONNational Association
ORGANIZATIONCitigroup Global Markets Inc.
ORGANIZATIONCollateral
ORGANIZATION