EFTA00596126Set 9
2007-01-18183p86,669w
satisfied;
(ii) The Weighted Average Life Test is satisfied;
(iii) The Weighted Average Recovery Rate is at least 54.50%;
(iv) The Moody's Weighted Average Recovery Rate is at least ... public
ratiog 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 ... above, such
DIP Loan has a Moody's Recovery Rate assigned by Moody's.
"Diversity Score": As of any date of determination, the Diversity Score for the
Collateral Obligations
https://www.justice.gov/epstein/files/DataSet%209/EFTA00596126.pdf
Deferring
Obligation, an amount equal to the product of (a) the applicable Moody's Recovery Rate and (b) the Principal Balance of
such Collateral Obligation.]
]"Moody's Recovery Rate ... respect to any Collateral Obligation, as of any Measurement Date, the recovery rate
determined in accordance with the following, in the following order of priority:
(a) if the Collateral Obligation ... Infrastructure Obligation, the Moody's Recovery Rate allotted to such PF
Infrastructure Obligation in the Moody's Recovery Rate Table as set forth in Schedule 1. The "Asset Class
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01386908.pdf
Deferring P1K Obligation, the amount equal to the product of (i) the applicable recovery rate set forth under the
definition of "S&P Recovery Rate" and (ii) the principal balance ... Obligation or such higher amount as is approved by S&P.
"S&P Recovery Rate": With respect to a Collateral Obligation that is a (i) First Licn Loan. 57%, unless ... shall have assigned a higher recovery rate to such Secured Loan, (ii) Subordinated Lien Loan or senior
unsecured Loan, 40 %, unless S&P shall have assigned a higher recovery• rate
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01365317.pdf
Deferring P1K Obligation, the amount equal to the product of (i) the applicable recovery rate set forth under the
definition of "S&P Recovery Rate" and (ii) the principal balance ... Obligation or such higher amount as is approved by S&P.
"S&P Recovery Rate": With respect to a Collateral Obligation that is a (i) First Licn Loan. 57%, unless ... shall have assigned a higher recovery rate to such Secured Loan, (ii) Subordinated Lien Loan or senior
unsecured Loan, 40 %, unless S&P shall have assigned a higher recovery• rate
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01376134.pdf
EFTA01433968Set 10
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private equity style due diligence and daily investment monitoring
7 Source: 'Infrastructure Default and Recovery Rates 1983-2016', Moody's,
July 2017.
8 For further information regarding the Portfolio Advisor ... loss rates
compared to other industry sectors26. Where defaults have occurred, private
infrastructure debt recovery rates have been
generally high in both absolute terms and relative to other industry sectors ... capital is a
distinguishing feature of infrastructure debt.
24 Source: 'Infrastructure Default and Recovery Rates 1983-2016', Moody's,
July 2017.
25
Source: 'Moody's Approach to Rating Collateralized Debt
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01433968.pdf
Deferring P1K Obligation, the amount equal to the product of
(i) the applicable recovery rate set forth in the table under the definition of "Moody's Recovery
Rate ... Deferring PIIC Obligation will be
the amount determined by Moody's.
"Moody's Recovery Rate": With respect to a Collateral Obligation that is a Loan
or Bond ... date of determination, the recovery rate determined in accordance with the
following, in the following order of priority:
(i) if the Loan or Bond has been specifically assigned a recovery
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01376383.pdf