ive levels set forth in any applicable row and column combination of the grid specified below and a Weighted Average LIBOR Spread at least equal to the Minimum Adjusted Spread (as determined below) for that applicable row and column combination. As of the Ramp-Up End Date, the Collateral Manager will elect which row/column

(i) the spread set forth in the grid above for the applicable row-column combination minus (ii) the Spread Modifier, provided that in no event will the Minimum Adjusted Spread be less than 1.20%. "Spread Modifier": (a) if the Moody's Weighted Average Recovery Rate is less than 44.25%. zero: (b) if the Moody's Weighted A

(i) the spread set forth in the grid above for the applicable row-column combination minus (ii) the Spread Modifier, provided that in no event will the Minimum Adjusted Spread be less than 1.20%. "Spread Modifier": (a) if the Moody's Weighted Average Recovery Rate is less than 44.25%. zero: (b) if the Moody's Weighted A

ive levels set forth in any applicable row and column combination of the grid specified below and a Weighted Average LIBOR Spread at least equal to the Minimum Adjusted Spread (as determined below) for that applicable row and column combination. As of the Ramp-Up End Date, the Collateral Manager will elect which row/column