Epstein Secrets

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n a fractional ownership and management business, (B) who has a rating of Baa or better by Moody's Investor Services or a rating of BBB or better by Standard & Poor's, and (C) who is capable of performing the obligations of Lender hereunder. Any Person who, prior to the assignment of this Agreement, is engaged in

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y the underlying obligations. The "top" or "senior" tranches, which typically are rated AAA to AA- by independent rating agencies such as Moody's or Standard & Poor's, receive highest priority to the stream of cash, and are structured to provide returns of principal and interest even when the underlying collatera