Epstein Secrets

ting": The monitored publicly available rating or the monitored estimated rating expressly assigned to the relevant debt obligation (or facility) by Moody's that addresses the full amount of the principal and interest promised. "Moody's Collateral Value": With respect to any Defaulted Obligation or Defe

rating; or (ii) if the preceding clause dots not apply. the Moody's Equivalent Senior Unsecured Rating; (c) with respect to a Synthetic Security, the Moody's Obligation Rating thereof; (d) with respect to a Collateral Obligation that is a DIP Loan, one rating subcategory below the Moody's Assigned Rating thereof: and (e

g the foregoing. if the Moody's rating or ratings used to determine the Moody's Obligation Rating are on review for possible downgrade or upgrade by Moody's. such rating or ratings will be adjusted down one subcategory• (if on review for possible downgrade) or up one subcategory (if on review for possibl

se does not apply, the Moody's Equivalent Senior Unsecured Rating. Notwithstanding the foregoing. if the Moody's rating or ratings used to determine the Moody's Obligation Rating are on review for possible downgrade or upgrade by Moody's. such rating or ratings will be adjusted down one subcategory• (if on review for possibl

ting": The monitored publicly available rating or the monitored estimated rating expressly assigned to the relevant debt obligation (or facility) by Moody's that addresses the full amount of the principal and interest promised. "Moody's Collateral Value": With respect to any Defaulted Obligation or Defe

rating; or (ii) if the preceding clause dots not apply. the Moody's Equivalent Senior Unsecured Rating; (c) with respect to a Synthetic Security, the Moody's Obligation Rating thereof; (d) with respect to a Collateral Obligation that is a DIP Loan, one rating subcategory below the Moody's Assigned Rating thereof: and (e

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

fference between the Collateral Obligation's Moody'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

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

al Obligation's Obligor has a Corporate Family Rating from Moody's. such Corporate Family Rating; and (ii) if the preceding clause does not apply. the Moody's Obligation Rating of such Collateral Obligation; (b) with respect to a Moody's Non Senior Secured Loan or Bond: (i) if the Obligor has a senior unsecured obligati