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icated Classes of Senior Notes will be performed as of each Measurement Date beginning on or. in the case of the Interest Coverage Test, following. the Determination Date relating to the first Payment Date following the Ramp-Up Period. The Overcollateralization Test and the Interest Coverage Test for a designated Clas
ided in the Portfolio Profile Test. a Synthetic Security will be deemed to have the characteristics of the related Reference Obligation (except that the Moody's Assigned Rating, the Moody's Recovery Rate and the S&P Recover Rate for the Synthetic Security will be used). The Coverage Tests The Coverage Tests will be used p
icated Classes of Senior Notes will be performed as of each Measurement Date beginning on or. in the case of the Interest Coverage Test, following. the Determination Date relating to the first Payment Date following the Ramp-Up Period. The Overcollateralization Test and the Interest Coverage Test for a designated Clas
ided in the Portfolio Profile Test. a Synthetic Security will be deemed to have the characteristics of the related Reference Obligation (except that the Moody's Assigned Rating, the Moody's Recovery Rate and the S&P Recovoy Rate for the Synthetic Security will be used). The Coverage Tests The Coverage Tests will be used p
g Date to and including the Determination Date related to such Payment Date and (ii) for each Payment Date thereafter, the period from but excluding the Determination Date related to the prior Payment Date to and including the Determination Date related to such Payment Date; provided that the final Collection Period s
tic Security, the Moody's Obligation Rating thereof; (d) with respect to a Collateral Obligation that is a DIP Loan, one rating subcategory below the Moody's Assigned Rating thereof; and (e) with respect to a Structured Finance Obligation, the Moody's Assigned Rating thereof; provided that in the case of a Form-Approve
Entities connected to both the Determination Date and the Moody's Assigned Rating

Moody's
ORGANIZATIONthe Synthetic Security
ORGANIZATIONthe Collateral Quality Test
ORGANIZATIONRating Agency
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONClasses of Senior
ORGANIZATIONthe Moody's Recovery Rate
ORGANIZATIONMoody's Collateral Value
ORGANIZATIONthe Interest Coverage Test
ORGANIZATIONInterest Coverage Ratio
ORGANIZATIONthe Collateral Obligations
ORGANIZATION