i) a Moody's Senior Secured Loan nor (ii) a loan described in subclauses (a)-(c) of clause (iii) of the definition of Moody's Senior Secured Loan. "Moody's Obligation Rating": With respect to any Collateral Obligation or Collateral Obligation as of any date of determination, the rating determined in accordance with the f

e forwarded to each Rating Agency. "Discount Obligation": Any (a) Loan purchased at a price that is less than 85% of its par value, or, if it has a Moody's Obligation Rating of at least "B3," less than 80% of its par value, until such time as its Market Value has remained equal to or greater than 90% of its par value for

bligation (a) that (i) in the case of a Caa Collateral Obligation (x) is purchased with the Sale Proceeds of a Caa Collateral Obligation, (y) has a Moody's Obligation Rating no lower than the Collateral Obligation that was sold or otherwise disposed of and (z) if 10% or more of the Portfolio Principal Balance consists o

e forwarded to each Rating Agency. "Discount Obligation": Any (a) Loan purchased at a price that is less than 85% of its par value, or, if it has a Moody's Obligation Rating of at least "B3." less than 80% of its par value, until such time as its Market Value has remained equal to or greater than 90% of its par value for

5 Moody's Group III Country• 105 Moody's Group IV Country 105 Moody's Industry Classification Group 105 Moody's Non Senior Secured Loan. 105 Moody's Obligation Rating 105 Moody's Rating 106 Moody's Rating Factor 106 Moody's Recovery Amount 107 Moody's Recovery Rate 107 Moody's Senior Secured Loan 108 Mo

i) a Moody's Senior Secured Loan nor (ii) a loan described in subclauses (a)-(c) of clause (iii) of the definition of Moody's Senior Secured Loan. "Moody's Obligation Rating": With respect to any Collateral Obligation or Collateral Obligation as of any date of determination, the rating determined in accordance with the f

5 Moody's Group III Country• 105 Moody's Group IV Country 105 Moody's Industry Classification Group 105 Moody's Non Senior Secured Loan. 105 Moody's Obligation Rating 105 Moody's Rating 106 Moody's Rating Factor 106 Moody's Recovery Amount 107 Moody's Recovery Rate 107 Moody's Senior Secured Loan 108 Mo

e forwarded to each Rating Agency. "Discount Obligation": Any (a) Loan purchased at a price that is less than 85% of its par value, or, if it has a Moody's Obligation Rating of at least "B3," less than 80% of its par value, until such time as its Market Value has remained equal to or greater than 90% of its par value for

d/or any classification groups that may be subsequently established by Moody's and provided to the Investment Manager, the Issuer and the Trustee. "Moody's Obligation Rating": The meaning specified on the Moody's Rating Schedule. "Moody's Rating": The meaning specified on the Moody's Rating Schedule. "Moody's Rating Fac

bligation (a) that (i) in the case of a Caa Collateral Obligation (x) is purchased with the Sale Proceeds of a Caa Collateral Obligation, (y) has a Moody's Obligation Rating no lower than the Collateral Obligation that was sold or otherwise disposed of and (z) if 10% or more of the Portfolio Principal Balance consists o

e forwarded to each Rating Agency. "Discount Obligation": Any (a) Loan purchased at a price that is less than 85% of its par value, or, if it has a Moody's Obligation Rating of at least "B3." less than 80% of its par value, until such time as its Market Value has remained equal to or greater than 90% of its par value for

r Secured Loan, the rate determined pursuant to the table below based on the number of rating subcategories difference between the Loan's or Bond's Moody's Obligation Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Obligation 36 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P