Epstein Secrets

(i.e., the trade date): (a) it is a Senior Secured Loan, a Second Lien Loan or an Unsecured Loan; (b) it is an obligation of a borrower or other Obligor having (i) a principal place of business or significant operations and (ii) its jurisdiction of incorporation, in a Permitted Country (as determined

that is pledged by the Issuer to the Security Party will constitute a "Collateral Obligation". "Collateral Obligation": Any obligation (including a Participation Interest therein) held by the Issuer that as of the date the Issuer commits to acquire it (i.e., the trade date): (a) it is a Senior Secured Loan, a Second

ral Obligation or other obligation has an S&P Rating of "CC" or lower or "SD" or had such rating immediately before such rating was withdrawn or any Obligor on such Collateral Obligation or other obligation has a "probability of default" rating assigned by Moody's of "Ca", "C" or lower]; (e) [such Coll

n Interest with respect to which the Selling Institution has defaulted in any respect in the performance of any of its payment obligations under the Participation Interest; or (i) such Collateral Obligation or other obligation is a Participation Interest in a loan that would, if such loan were a Collateral Obligatio

paid in cash on each payment date therefor and do not permit such portion to be deferred or capitalized, (ii) such Underlying Instruments permit the Obligor thereon to defer or capitalize the remaining portion of the interest due thereon, and (iii) (x) if such Collateral Obligation is a Fixed Rate Obliga

Association or similar agreement standard for loan participation transactions among institutional market participants. For the avoidance of doubt, a Participation Interest shall not include a sub-participation interest in any loan. "PATRIOT Act" means the Uniting and Strengthening America By Providing Appropriate Tool