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n be no assurance that the ultimate recovery on any Defaulted Obligation will be at least equal to either the minimum recovery• rate assumed by any Rating Agency in rating the Securities or any recovery rate used in connection with any analysis of the Securities that may have been prepared by the Initial Purc
ire Collateral Obligations that satisfy the Investment Criteria specified herein may adversely affect the timing and amount of payments received by the Holders of Notes and the yield to maturity of the Notes and the distributions on the CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0071910 CONFIDENTIAL
ire Collateral Obligations that satisfy the Investment Criteria. The Co-Issuers will, within 20 Business Days of the Ramp-Up End Date, request each Rating Agency to confirm within 30 Business Days after the Ramp-Up End Date, the ratings assigned on the Closing Date to the Senior Notes. If any of such ratings
prices and consequently the return to the Issuer from such investments. The Issuer may be permitted to amend the Indenture, without the consent of the Holders of Notes, but with the consent of the relevant Rating Agency, to accommodate certain such changes, Assignments and Participations. The Issuer may acquire in
n be no assurance that the ultimate recovery on any Defaulted Obligation will be at least equal to either the minimum recovery• rate assumed by any Rating Agency in rating the Securities or any recovery rate used in connection with any analysis of the Securities that may have been prepared by the Initial Purc
ire Collateral Obligations that satisfy the Investment Criteria specified herein may adversely affect the timing and amount of payments received by the Holders of Notes and the yield to maturity of the Notes and the distributions on the CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055915 CONFIDENTIAL
n notice thereof to the Trustee (with a copy to the Collateral Manager); provided, however, that so long as any Class of Senior Notes is rated by a Rating Agency and with respect to any additional or successor Paying Agent, either (i) such Paying Agent has a long-term debt rating of "AA-" or higher by S&P and
t, it hereby so agrees), subject to the provisions of this Section 7.3, that such Paying Agent will: (a) allocate all sums received for payment to the Holders of Notes for which it acts as Paying Agent on each Payment Date and any Redemption Date among such Holders in the proportion specified in the applicable rep
Entities connected to both Rating Agency and the Holders of Notes

Moody's
ORGANIZATION
Eric Holder
PERSONInterest Proceeds
ORGANIZATIONthe Initial Purchaser
ORGANIZATIONthe Reference Obligation
ORGANIZATIONthe Synthetic Security Counterparty
ORGANIZATION