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d on the Moody's Rating Schedule. "Moody's Weighted Average Recovery Rate": The number obtained by (i) summing the products obtained by multiplying the Principal Balance of each Pledged Collateral Obligation (other than a Defaulted Obligation) by its respective Moody's Recovery Rate, (ii) dividing such sum by the Ag
(other than a Defaulted Obligation) by its respective Moody's Recovery Rate, (ii) dividing such sum by the Aggregate Principal Balance of all such Pledged Collateral Obligations (other than Defaulted Obligations), (iii) multiplying the result by 100 and (iv) rounding up to the first decimal place. "Net Proceeds at Closing"
March 2017 0.75 June 2017 0.50 September 2017 0.25 "Weighted Average Moody's Rating Factor": The sum of the products obtained by multiplying the Principal Balance of each Pledged Collateral Obligation (other than Defaulted Obligations and Equity Securities) by its Moody's Rating Factor, dividing such sum by th
er than Defaulted Obligations and Equity Securities) by its Moody's Rating Factor, dividing such sum by the Aggregate Principal Balance of all such Pledged Collateral Obligations (other than Defaulted Obligations and Equity Securities) and rounding the result up to the nearest whole number. "Weighted Average Rating Factor Te
March 2017 0.75 June 2017 0.50 September 2017 0.25 "Weighted Average Moody's Rating Factor": The sum of the products obtained by multiplying the Principal Balance of each Pledged Collateral Obligation (other than Defaulted Obligations and Equity Securities) by its Moody's Rating Factor, dividing such sum by th
er than Defaulted Obligations and Equity Securities) by its Moody's Rating Factor, dividing such sum by the Aggregate Principal Balance of all such Pledged Collateral Obligations (other than Defaulted Obligations and Equity Securities) and rounding the result up to the nearest whole number. "Weighted Average Rating Factor Te
Entities connected to both the Principal Balance and Pledged Collateral Obligations

Moody's
ORGANIZATIONthe Underlying Instruments
ORGANIZATIONPIK Security
ORGANIZATIONInterest Proceeds
ORGANIZATIONCollateral Matrix
ORGANIZATIONWeighted Average Recovery Rate Test
ORGANIZATIONthe Funded Amount
ORGANIZATION
Eric Holder
PERSONPartial PIK Security
ORGANIZATIONthe Weighted Average Spread
ORGANIZATIONthe Moody's Weighted Average Recovery Rate
ORGANIZATIONWeighted Average Moody's Rating Factor
ORGANIZATIONthe Weighted Average Moody's Rating Factor of the Pledged Collateral Obligations
ORGANIZATION