ance. For example, for purposes of this calculation, a Defaulted Obligation will have a Principal Balance that is the lesser of its Market Value or Recovery Rate and the excess of Collateral Obligations with an S&P Rating of "CCC+" or lower or a Moody's Obligation Rating of "Caul" or lower exceed certain leve

ance. For example, for purposes of this calculation, a Defaulted Obligation will have a Principal Balance that is the lesser of its Market Value or Recovery Rate and the excess of Collateral Obligations with an S&P Rating of "CCC+" or lower or a Moody's Obligation Rating of "Caul" or lower exceed certain leve

ins priority over all other administrative expenses; provided that such Loan has a public ratio g or estimated rating from Moody's and and has an. Recovery Rate assigned by ;and provided, farther, that in the case of a DIP Loan described in clause (iv) above, such DIP Loan has a Moody's Recovery Rate assig