Epstein Secrets

ery Rate": With respect to a Collateral Obligation that is a (i) First Licn Loan. 57%, unless S&P shall have assigned a higher recovery rate to such Secured Loan, (ii) Subordinated Lien Loan or senior unsecured Loan, 40 %, unless S&P shall have assigned a higher recovery• rate to such Loan (provided that to t

stent with the S&P Rating of such Class of Senior Notes as of the Closing Date, determined by application of the S&P CDO Monitor at such time. -S&P CDO Monitor" means a dynamic, analytical computer program developed by S&P and used to estimate defaulted risk of the Collateral Obligations, as it may be modif

ery Rate": With respect to a Collateral Obligation that is a (i) First Licn Loan. 57%, unless S&P shall have assigned a higher recovery rate to such Secured Loan, (ii) Subordinated Lien Loan or senior unsecured Loan, 40 %, unless S&P shall have assigned a higher recovery• rate to such Loan (provided that to t

stent with the S&P Rating of such Class of Senior Notes as of the Closing Date, determined by application of the S&P CDO Monitor at such time. -S&P CDO Monitor" means a dynamic, analytical computer program developed by S&P and used to estimate defaulted risk of the Collateral Obligations, as it may be modif

nancial Asset": The meaning specified in the UCC. "Financing Statements": UCC financing statements relating to the Collateral. "First Lien Loan": A Secured Loan secured by a first priority security interest in the relevant collateral. "Form-Approved Synthetic Security": A Synthetic Security (a) the docume

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