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(ix) a calculation in reasonable detail necessary to determine compliance with each criterion of the Portfolio Profile Test and the levels required for each such criterion pursuant to this Indenture; (x) a calculation in reasonable detail necessary to determine complia
t to this Indenture; and (xii) the Break-Even Default Rate and the Scenario Default Rate for each Class of Senior Notes and the result of the S&P CDO Monitor calculations and S&P CDO Monitor Test results, including a statement as to whether or not the S&P CDO Monitor Test was satisfied, to the extent the
if, as of any date of determination at, or subsequent to, the end of the Ramp-Up Period, in the aggregate, the Collateral Obligations owned (or, if the Portfolio Profile Test is applied in connection with a proposed purchase of a Collateral Obligation, proposed to be owned) by the Issuer comply with all of the requiremen
Collateral Obligations) which the Current Portfolio or the Proposed Portfolio, as applicable, can sustain as determined through application of the CDO Monitor, which, after giving effect to assumptions on recoveries and timing and the 5 EFTA00596137 Priority of Payments, will result in sufficient funds
, without limiting the generality of the foregoing, any failure to meet any criterion or test of the Coverage Tests, the Collateral Quality Test or the Portfolio Profile Test is not an Event of Default except to the extent provided in subclause (h) below), or the failure of any material representation or warranty of the
uant to this Indenture; and (xii) the Break-Even Default Rate and the Scenario Default Rate for each Class of Senior Notes and the result of the CDO Monitor calculations and CDO Monitor Test results, including a statement as to whether or not the CDO Monitor Test was satisfied, to the extent they are
Entities connected to both the Portfolio Profile Test and CDO Monitor
the Collateral Quality Test
ORGANIZATIONthe Collateral Obligations
ORGANIZATIONthe Collateral Principal Amount
ORGANIZATIONGrant
PERSON
Moody's
ORGANIZATION
the Cayman Islands
LOCATIONthe Rating Agencies
ORGANIZATIONStandard & Poor's
ORGANIZATIONRegistrar
ORGANIZATIONCayman
LOCATIONNational Association
ORGANIZATIONWalkers SPV Limited
ORGANIZATIONMoody's Investors Service, Inc.
ORGANIZATIONthe Initial Purchaser
ORGANIZATIONEquity Security
ORGANIZATIONHolder of Securities
ORGANIZATIONSupplemental Indentures
ORGANIZATIONEuroclear and Clearstream
ORGANIZATIONCLO, LTD.
ORGANIZATIONthe Securities Intermediary
ORGANIZATION