Credit Spread Volatility. To the extent that a default occurs with respect to any Collateral
Obligation and the Issuer sells or otherwise disposes of that Collateral Obligation, it is likely ... obligation. Even in the absence of a default with
respect to any of the Collateral Obligations, the market value of the Collateral Obligation at any time will vary ... vary substantially, from the price at which that Collateral Obligation was initially purchased and from the
principal amount of such Collateral Obligation, due to market volatility, changes in relative credit
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Manager has obtained Rating
Continuation for such plan the Issuer must, when purchasing additional Collateral Obligations, maintain or improve
each Interim Target that was not satisfied as of the Interim ... Senior Notes in accordance with the Priority of Payments.
Sales and Purchases of Collateral Obligations
The criteria described under this heading arc collectively referred to as the "Investment Criteria."
Sales ... Collateral Obligations
Subject to the requirements set forth in the Indenture and provided that no Event of Default has occurred
and is continuing, the Collateral Manager, on behalf
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Date.
'Weighted Avenge Life" is, as of any Measurement Date with respect to all Collateral Obligations other than Defaulted
Obligations, the number of years (rounded down to the nearest ... products obtained by multiplying (a) the Average Life at such time of each such Collateral Obligation by (b) the
Principal Balance of such Collateral Obligation, and dividing such ... aggregate Principal Balance at such time of all
Collateral Obligations other than Defaulted Obligations.
"Average Life" is, on any Measurement Date with respect to any Collateral Obligation, the quotient obtained
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incorporation or formation and, in the cast of the Issuer, the acquisition
of Collateral Obligations in anticipation of the Closing Date and activities incidental thereto). Accordingly, neither ... organized to issue collateralized debt obligations secured by obligations that are similar to the Collateral Obligations
("CDO Vehicles") advised by the Investment Manager should not be relied upon
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Credit Suisse or a Credit Suisse Affiliate). If the Market Value of a Collateral Obligation cannot be determined by
application of either clause (a) or (b), its Market Value shall ... registered under the Advisers Act, if the Market Value of
any such Collateral Obligation cannot be determined by application of either clause (a) or (b)(i) or (ii) within ... Date, any date on which
there is a sale, purchase or substitution of any Collateral Obligation. (c) each Determination Date. (d) the date of
determination of monthly reports under
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such obligation;
(xvi) has a Moody's Rating and, if it is a Caa Collateral Obligation, has a
Moody's Rating that is not lower than "Caa2 ... Collateral Obligation,
has an S&P Rating that is not lower than "CCC";
(xvii) bears interest at a floating rate;
(xviii) is not a High Yield Bond;
(xix) does
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Shares, net of expenses, will be applied by the
Issuer to further acquisitions of Collateral Obligations (and, pending
such application, Eligible Investments).
Intended Refinancing The Initial Facility is expected ... Issuer, acting through the Portfolio Advisor, is expected to also
continue to source Collateral Obligations through third-party issuers,
originators and dealers unaffiliated with the Issuer, the Portfolio
Advisor
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