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ighted Average Recovery Rate in excess of 44.25% and (ii) 5.50%; and (c) if the Moody's Weighted Average Recovery Rate is greater than 60.00%. the Moody's Spread Modifier will be 0.87% or. in each case subject to Rating Confirmation from Moody's: (x) the percentage calculated based on an alternative
(i) the spread set forth in the grid above for the applicable row-column combination minus (ii) the Spread Modifier, provided that in no event will the Minimum Adjusted Spread be less than 1.20%. "Spread Modifier": (a) if the Moody's Weighted Average Recovery Rate is less than 44.25%. zero: (b) if the Moody's Weighted A
amount, the premium or coupon, the effective date, the termination date and other similarly necessary changes) to a form which has been approved by Moody's and S&P in writing and (b) which the Issuer has certified to the Trustee in writing is a Form-Approved Synthetic Security•: provided that either of
ive levels set forth in any applicable row and column combination of the grid specified below and a Weighted Average LIBOR Spread at least equal to the Minimum Adjusted Spread (as determined below) for that applicable row and column combination. As of the Ramp-Up End Date, the Collateral Manager will elect which row/column
amount, the premium or coupon, the effective date, the termination date and other similarly necessary changes) to a form which has been approved by Moody's and S&P in writing and (b) which the Issuer has certified to the Trustee in writing is a Form-Approved Synthetic Security•: provided that either of
ive levels set forth in any applicable row and column combination of the grid specified below and a Weighted Average LIBOR Spread at least equal to the Minimum Adjusted Spread (as determined below) for that applicable row and column combination. As of the Ramp-Up End Date, the Collateral Manager will elect which row/column
ighted Average Recovery Rate in excess of 44.25% and (ii) 5.50%; and (c) if the Moody's Weighted Average Recovery Rate is greater than 60.00%. the Moody's Spread Modifier will be 0.87% or. in each case subject to Rating Confirmation from Moody's: (x) the percentage calculated based on an alternative
(i) the spread set forth in the grid above for the applicable row-column combination minus (ii) the Spread Modifier, provided that in no event will the Minimum Adjusted Spread be less than 1.20%. "Spread Modifier": (a) if the Moody's Weighted Average Recovery Rate is less than 44.25%. zero: (b) if the Moody's Weighted A
Entities connected to both Moody's and the Minimum Adjusted Spread
the Collateral Principal Amount
ORGANIZATIONthe Collateral Obligations
ORGANIZATIONthe Rating Agencies
ORGANIZATIONSecured Loan
ORGANIZATIONthe Reference Obligation or Reference Obligations
ORGANIZATIONa Diversity Score
ORGANIZATIONGrid Test
ORGANIZATIONthe Moody's Weighted Average Recovery Rate
ORGANIZATIONThe Florida Securities Act
ORGANIZATIONthe Rule I44A Global Notes
ORGANIZATIONa Weighted Average Rating
ORGANIZATION