Epstein Secrets

mined in accordance with the following, in the following order of priority. (a) with respect to a Moody's Senior Secured Loan: (i) if the Loan's Obligor has a Corporate Family Rating (as defined by Moody's) from Moody's, such Corporate Family Rating; or (ii) if the preceding clause does not apply,

all be determined based on the applicable Collateral Obligation. Notwithstanding the foregoing, if the Moody's rating or ratings used to determine the Moody's Default Probability Rating are on watch for downgrade or upgrade by Moody's, such rating or ratings will be adjusted down one subcategory (if on watch for downgrade) or up on

RIN II • 094 Alpha Group Capital LLC Obligor that is secured solely or primarily by the stock of, or other equity interests in, such Obligor or one or more of its subsidiaries to the extent that either (1) in the Portfolio Advisor's commercially reasonable judgment, the applicable Underl

at a purchase price (expressed as a percentage of par) not less than 65% [and (D) has a Moody's Default Probability Rating equal to or greater than the Moody's Default Probability Rating of the sold Collateral Obligation shall not be considered to be a Discount Obligation]. "Synthetic Security" means a security or swap transaction (

ot 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 obligation with an Assigned Moody's Rating, such rating; and (ii) if the preceding clause does not apply, the Moody's Equiv

justed down one subcategory• (if on review for possible downgrade) or up one subcategory (if on review for possible upgrade) and (y) for purposes of the Moody's Default Probability Rating used in determining the Moody's Rating Factor of a Collateral Obligation. if such Moody's rating or S&P rating used to determine the Moody's Defaul