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in the Indenture) and (iv) with reasonable prior written notice to the Co-Issuers. the Collateral Manager and the Trustee, any Business Day that a Rating Agency requests to be a "Measurement Date"; provided that if any such date would otherwise fall on a day that is not a Business Day. the relevant Measureme
Obligation. an amount equal to (i) the Expected Loss for such Structured Finance Obligation based on its Moody's Rating divided by (ii) 100% minus the Moody's Recovery Rate for such Structured Finance Obligation, where "Expected Loss" is determined as follows: Rating Exnccted Loss Aaa 0.55 Aa I 5.50 Aa2 11.00 A
rating is based on the credit of a Person other than such institution), so long as any Rated Notes are Outstanding, have a credit rating from each Rating Agency at least equal to the highest rating of any Notes rated by such Rating Agency then Outstanding or whose short-term unsecured debt obligations have
ncy issuer rating of at least "AA" from S&P, and any other country for which Rating Agency Confirmation is obtained. "Recovery Rate": The lesser of the Moody's Recovery Rate and the S&P Recovery Rate. "Redeemed Notes": The meaning specified in Section 9.1(c). "Redemption Date": Any Distribution Date on which an Optional
in the Indenture) and (iv) with reasonable prior written notice to the Co-Issuers. the Collateral Manager and the Trustee, any Business Day that a Rating Agency requests to be a "Measurement Date"; provided that if any such date would otherwise fall on a day that is not a Business Day. the relevant Measureme
Obligation. an amount equal to (i) the Expected Loss for such Structured Finance Obligation based on its Moody's Rating divided by (ii) 100% minus the Moody's Recovery Rate for such Structured Finance Obligation, where "Expected Loss" is determined as follows: Rating Exnccted Loss Aaa 0.55 Aa I 5.50 Aa2 11.00 A
rating is based on the credit of a Person other than such institution), so long as any Rated Notes are Outstanding, have a credit rating from each Rating Agency at least equal to the highest rating of any Notes rated by such Rating Agency then Outstanding or whose short-term unsecured debt obligations have
ncy issuer rating of at least "AA" from S&P, and any other country for which Rating Agency Confirmation is obtained. "Recovery Rate": The lesser of the Moody's Recovery Rate and the S&P Recovery Rate. "Redeemed Notes": The meaning specified in Section 9.1(c). "Redemption Date": Any Distribution Date on which an Optional
Entities connected to both Rating Agency and the Moody's Recovery Rate

Moody's
ORGANIZATION
United States
LOCATIONthe Collateral Principal Amount
ORGANIZATIONthe Collateral Obligations
ORGANIZATIONthe Determination Date
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONMoody's Rating
ORGANIZATIONMoody's Investors Service, Inc.
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONthe Synthetic Security
ORGANIZATIONthe Collateral Quality Test
ORGANIZATIONMoody's Adjusted Rating Factor
ORGANIZATIONPrather
PERSONSection 9.1(b
LOCATIONDefaulted Interest
ORGANIZATIONThe Registered Office Agreement
ORGANIZATION