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haracteristics 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 primarily to determine whether, on each Payment Date. principal and interest may
escription of the Notes—Priority of Payments.- Thc "Overeollateralization Test" and "Interest Coverage Test" applicable to the one or more indicated 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 re
haracteristics 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 primarily to determine whether, on each Payment Date. principal and interest may
escription of the Notes—Priority of Payments.- Thc "Overeollateralization Test" and "Interest Coverage Test" applicable to the one or more indicated 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 re
ed that, in the case of (i), (ii), (iii) or (iv), such obligation, and in the case of (v), the relevant underlying obligation and, where indicated, the Synthetic Security itself, satisfies the Collateral Obligation Eligibility Criteria as of such date) and has been Delivered to the trustee as Collateral hereunder. "C
y Deferred Interest with respect to such Classes of Notes). "Overcollateralization Test": A test that will be satisfied for any specified Class or Classes of Senior Notes as of any Measurement Date beginning on the Determination Date related to the first Payment Date following the Ramp-Up Period if the Overcolla
Entities connected to both the Synthetic Security and Classes of Senior
the Moody's Assigned Rating
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATIONthe Moody's Recovery Rate
ORGANIZATIONthe Collateral Quality Test
ORGANIZATIONthe Determination Date
ORGANIZATIONthe Interest Coverage Test
ORGANIZATIONInterest Coverage Ratio
ORGANIZATIONthe Collateral Obligations
ORGANIZATION