any Defaulted Obligation will be (A) on any Measurement Date during the first 30 days after it becomes a Defaulted Obligation, the product of (1) the Recovery Rate for such Defaulted Obligation and (2) its outstanding principal amount and (B) on any Measurement Date after such first 30 days, the lesser of (1)

any Defaulted Obligation will be (A) on any Measurement Date during the first 30 days after it becomes a Defaulted Obligation, the product of (1) the Recovery Rate for such Defaulted Obligation and (2) its outstanding principal amount and (B) on any Measurement Date after such first 30 days, the lesser of (1)