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faulted Obligation until such time as interest and principal, as applicable, are received when due with respect to such Collateral Obligation; (b) the Principal Balance of any Equity Security will be deemed to be zero; (c) the Principal Balance of any PIK Security and any Partial P1K Security will not include defe
eptance of an Offer for another Collateral Obligation, which Offer expressly states that failure to accept such Offer may result in a default under the Underlying Instruments, will be determined as if such Collateral Obligation were a Defaulted Obligation until such time as interest and principal, as applicable, are rece
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
mined; (b) any Partial PIK Security, the spread shall be deemed to be that portion of the spread that may not be deferred (without defaulting) under the Underlying Instruments; (c) any PIK Security that is deferring interest on the Measurement Date, the spread will be deemed to be that portion of the spread that is not be
faulted Obligation until such time as interest and principal, as applicable, are received when due with respect to such Collateral Obligation; (b) the Principal Balance of any Equity Security will be deemed to be zero; (c) the Principal Balance of any PIK Security and any Partial P1K Security will not include defe
eptance of an Offer for another Collateral Obligation, which Offer expressly states that failure to accept such Offer may result in a default under the Underlying Instruments, will be determined as if such Collateral Obligation were a Defaulted Obligation until such time as interest and principal, as applicable, are rece
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
mined; (b) any Partial PIK Security, the spread shall be deemed to be that portion of the spread that may not be deferred (without defaulting) under the Underlying Instruments; (c) any PIK Security that is deferring interest on the Measurement Date, the spread will be deemed to be that portion of the spread that is not be
Entities connected to both the Principal Balance and the Underlying Instruments
Equity Security
ORGANIZATIONPIK Security
ORGANIZATIONPledged Collateral Obligations
ORGANIZATIONthe Principal Balance of any Collateral Obligation
ORGANIZATIONCollateral Matrix
ORGANIZATIONWeighted Average Moody's Rating Factor
ORGANIZATIONthe Weighted Average Moody's Rating Factor of the Pledged Collateral Obligations
ORGANIZATIONWeighted Average Recovery Rate Test
ORGANIZATIONthe Funded Amount
ORGANIZATIONthe Weighted Average Spread
ORGANIZATIONPartial PIK Security
ORGANIZATIONthe Moody's Weighted Average Recovery Rate
ORGANIZATIONanother Collateral Obligation
ORGANIZATIONPartial P1K Security
ORGANIZATIONthe Recovery Rate
ORGANIZATION