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terest Proceeds may be used to pay interest on any Deferrable Class and distributions on the Subordinated Securities and certain expenses (including the Subordinated Investment Management Fee), and whether Principal Proceeds may be reinvested in Collateral Obligations, or whether Principal Proceeds, Interest Proceeds and funds which woul
Subordinated Securities, and to pay certain expenses (including the Subordinated Investment Management Fee) must instead be used to pay principal on the Rated Notes, to the extent necessary to cause the Coverage Tests to be met. The Collateral' Quality Tests. The "Collateral Quality Tests" will be used primarily
terest Proceeds may be used to pay interest on any Deferrable Class and distributions on the Subordinated Securities and certain expenses (including the Subordinated Investment Management Fee), and whether Principal Proceeds may be reinvested in Collateral Obligations, or whether Principal Proceeds, Interest Proceeds and funds which woul
Subordinated Securities, and to pay certain expenses (including the Subordinated Investment Management Fee) must instead be used to pay principal on the Rated Notes, to the extent necessary to cause the Coverage Tests to be met. The Collateral' Quality Tests. The "Collateral Quality Tests" will be used primarily
strative Expenses (in the order specified in the definition thereof), to the extent not paid under clause (ii) above. (xviii) To the payment of (A) the Subordinated Investment Management Fee for such Distribution Date, minus any Deferred Subordinated Fee: then (B) any Subordinated Investment Management Fee due on an earlier Distribution
(xiii) If any Class D Coverage Test is not satisfied as of the related Determination Date, to the payment of principal on the Rated Notes in accordance with the Principal Payment Sequence until each such test is satisfied as of such Determination Date. (xiv) In the event that (A) an
Entities connected to both the Subordinated Investment Management Fee and the Rated Notes
Interest Proceeds
ORGANIZATIONthe Subordinated Securities Allocation
ORGANIZATIONInvestment
ORGANIZATIONRating Agency
ORGANIZATIONHedge Counterparties
ORGANIZATIONthe Reinvestment Requirements
ORGANIZATIONthe Collateral Obligation
ORGANIZATIONthe Special Redemption Amount.
ORGANIZATIONthe Senior Investment Management Fee
ORGANIZATIONthe "Diversity Test
ORGANIZATIONthe Effective Date Overcollateraliation Ratio
ORGANIZATIONAppreciated Obligations and Discretionary Sales
ORGANIZATIONThe Collateral' Quality
ORGANIZATION