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rred Interest with respect to the Class D Notes. to the extent not paid pursuant to the Interest Priority of Payments: 4. in the event that either Rating Agency has not confimied in writing its rating in effect on the Closing Date on each Class of Senior Notes on or prior to the 301° Business Day after the R
on each Class of Senior Notes on or prior to the 301° Business Day after the Ramp-Up End Date (and has not provided such confirmation on or prior to the Determination Date related to the current Payment Date), to make payments in accordance with the Note Payment Sequence until each such rating is confirmed: 5. (I) d
the Aggregate Outstanding Amount of the Rated Notes multiplied by (y) 108.5%. "Effective Date Ratings Confirmation Failure": The failure to obtain Rating Agency Confirmation prior to the first Distribution Date in connection with the Effective Date; provided, that if the Effective Date Moody's Condition is
ess Day preceding such Redemption Date, Stated Maturity or last Liquidation Distribution Date, as the case may be) and beginning on (and including) the Determination Date related to the preceding Distribution Date (or beginning on the Closing Date, in the case of the first Due Period). "Effective Date": The earlier o
price of at least 65% and that was equal to or greater than the sale price of the sold Collateral Obligation. and (d) its rating (if any) from each Rating Agency is equal to or greater than such rating of the sold Collateral Obligation. For purposes of this definition, a Collateral Obligation, portions of whi
ess Day preceding such Redemption Date, Stated Maturity or last Liquidation Distribution Date, as the case may be) and beginning on (and including) the Determination Date related to the preceding Distribution Date (or beginning on the Closing Date, in the case of the first Due Period). "Effective Date": The earlier t
rred Interest with respect to the Class D Notes. to the extent not paid pursuant to the Interest Priority of Payments: 4. in the event that either Rating Agency has not confimied in writing its rating in effect on the Closing Date on each Class of Senior Notes on or prior to the 301° Business Day after the R
on each Class of Senior Notes on or prior to the 301° Business Day after the Ramp-Up End Date (and has not provided such confirmation on or prior to the Determination Date related to the current Payment Date), to make payments in accordance with the Note Payment Sequence until each such rating is confirmed: 5. (I) d
price of at least 65% and that was equal to or greater than the sale price of the sold Collateral Obligation. and (d) its rating (if any) from each Rating Agency is equal to or greater than such rating of the sold Collateral Obligation. For purposes of this definition. a Collateral Obligation. portions of whi
ess Day preceding such Redemption Date, Stated Maturity or last Liquidation Distribution Date, as the case may be) and beginning on (and including) the Determination Date related to the preceding Distribution Date (or beginning on the Closing Date, in the case of the first Due Period). "Effective Date": The earlier t
Entities connected to both Rating Agency and the Determination Date

Moody's
ORGANIZATIONInterest Proceeds
ORGANIZATIONthe Rating Agencies
ORGANIZATIONthe Collateral Obligations
ORGANIZATIONEligible Principal Investments
ORGANIZATIONMoody's Condition
ORGANIZATIONthe Moody's Recovery Rate
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONthe Holders of the Income Notes
ORGANIZATIONthe Investment Criteria
ORGANIZATIONthe Collateral Quality Test
ORGANIZATIONCollateral Matrix
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONthe Synthetic Security
ORGANIZATIONthe Subordinate Management Fee
ORGANIZATIONthe Holders of the Class D Notes
ORGANIZATIONthe Incentive Management Fee
ORGANIZATIONPayment Dale
ORGANIZATIONthe "Diversity Score
ORGANIZATIONCollateral Obligation
ORGANIZATION