Common use of Reports to Rating Agencies and Additional Recipients Clause in Contracts

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification (i) to S&P and Fitch of any Specified Amendment, which notice to S&P and Fitch shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification (i) to S&P and Fitch notice of any Specified Amendment, Amendment (which notice to S&P and Fitch shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) all information or reports delivered to S&P the Trustee hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification to such Rating Agency of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate or credit opinion from S&P such Rating Agency and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P such Rating Agency under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer its credit estimate or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to timeopinion guidelines); provided thatthat any reports, any notification statements or certificates of the Issuer’s Independent certified public accountants shall not be provided to Fitch regarding a Specified Amendment the Rating Agencies. Within ten (10) Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall be delivered provide to S&P at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇_▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Within 10 Business Days after ▇ or via the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a)Trustee’s website, a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification (i) to S&P and Fitch notice of any Specified Amendment, Amendment (which notice to S&P and Fitch shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “"Collateral Obligation” " are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) all information or reports delivered to S&P the Trustee hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification to such Rating Agency of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate or credit opinion from S&P such Rating Agency and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P such Rating Agency under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer its credit estimate or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to timeopinion guidelines); provided thatthat any reports, any notification statements or certificates of the Issuer’s Independent certified public accountants shall not be provided to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇the Rating Agencies. Within 10 ten (10) Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, S&P at or via e-mail in accordance with Section 14.3(a)the Trustee’s website, a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Trustee hereunder (with the exception of any letter or report provided by the firm of Independent certified public accountants that performs accounting services for the Issuer or the Collateral Agent hereunderManager), and such additional information as either Rating Agency may from time to time reasonably request (with the exception of any letter or report provided by the firm of Independent certified public accountants that performs accounting services for the Issuer or the Collateral Manager) (including notification (i) to Moody’s and S&P of any modification of any loan document relating to a DIP Collateral Obligation or any release of collateral thereunder not permitted by such loan documentation and notification to S&P and Fitch Moody’s of any Specified Amendment, which notice to S&P and Fitch ▇▇▇▇▇’▇ shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose (which, at the option of the Issuer, may be a copy of any amendment summary provided to the Issuer or the Collateral Manager by the administrative agent for the relevant Collateral Obligation) and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any); provided, and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch Moody’s regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Moody’s may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof(as specified in the definition of “Weighted Average S&P Recovery Rate”). The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ the following: (i) updated RiskCalc input and output files within five Business Days of delivery of the Monthly Report (or upon request by Moody’s) and (ii) in connection with each Monthly Report, a file containing the current RiskCalc estimates, the rating date and rating for applicable Collateral Obligations.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each the Rating Agency Agencies pursuant to the terms of this Indenture, the Issuer shall provide each the Rating Agency Agencies with all information or reports delivered to the Collateral Agent Trustee hereunder, and such additional information as either the Rating Agency Agencies may from time to time reasonably request (including notification (i) to S&P and Fitch the Rating Agencies of any Specified Amendment, which notice to S&P and Fitch shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) to S&P the Rating Agencies of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate or credit opinion from S&P the Rating Agencies and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P the Rating Agencies under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer its credit estimate or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to timeopinion guidelines); provided thatthat any reports, any notification statements or certificates of the Issuer’s Independent certified public accountants shall not be provided to Fitch regarding a Specified Amendment the Rating Agencies. Within ten (10) Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall be delivered provide to S&P at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇_▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Within 10 Business Days after ▇ or via the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a)Trustee’s website, a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency then rating a Class of Rated Notes pursuant to the terms of this Indenture, the Issuer shall provide the Collateral Manager and each Rating Agency then rating a Class of Rated Notes with all information or reports delivered to the Collateral Trustee hereunder (with the exception of any Accountants' Certificates) and the Trustee shall provide all such information to the Placement Agent hereunderupon the Placement Agent's written request, and and, subject to Section 14.3(c), such additional information (with the exception of any Accountants' Certificates) as either any Rating Agency then rating a Class of Rated Notes may from time to time reasonably request (including notification (i) to S&P S&Peach Rating Agency of any modification of any loan document relating to a DIP Collateral Obligation or any release of collateral thereunder not permitted by such loan documentation and Fitch notification to S&Peach Rating Agency of any Specified AmendmentEvent of which the Issuer has knowledge, which notice to S&P and Fitch S&Peach Rating Agency shall include (x) a copy of any such amendment related to a Specified Amendment, (y) Event and a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendmentpurposes, if anyas applicable), and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Within 10 Business Days after the Effective S&P CDO Monitor Election Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor thereofthereon, the CUSIP number thereof (if applicable) and the Priority Category thereofwhether it is a Senior Secured Loan, Second Lien Loan or Cov-Lite Loan.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent Trustee hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification (i) to Moody’s and S&P of any modification of any loan document relating to a DIP Collateral Obligation or any release of collateral thereunder not permitted by such loan documentation and notification to S&P and Fitch ▇▇▇▇▇’▇ of any Specified Amendment, which notice to S&P and Fitch ▇▇▇▇▇’▇ shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any); provided, and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch Moody’s regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Moody’s may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof(as specified in the definition of “Weighted Average S&P Recovery Rate”). The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ the following: (i) updated RiskCalc input and output files within five Business Days of delivery of the Monthly Report (or upon request by Moody’s) and (ii) in connection with each Monthly Report, a file containing the current RiskCalc estimates, the rating date and rating for applicable Collateral Obligations. In addition, the Issuer (or the Collateral Manager on behalf of the Issuer) shall provide to Moody’s a report on the 16th day of each month (or if such day is not a Business Day, the next succeeding Business Day), commencing with the Closing Date, indicating the status of the Closing Date Participation Interests and whether or not each such Closing Date Participation Interest has been converted into a full assignment (or repurchased by the Originator pursuant to the Master Loan Sale Agreement, if applicable) until such time that all Closing Date Participation Interests have been converted into full assignments or repurchased by the Originator pursuant to the Master Loan Sale Agreement, as applicable.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent hereunder, and such additional information as either Rating Agency may from time to time reasonably request (including notification request, and the Issuer shall notify (i) to S&P and Fitch ▇▇▇▇▇’▇ of any Specified Amendment, which notice to S&P and Fitch ▇▇▇▇▇’▇ shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines; provided, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch ▇▇▇▇▇’▇ regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. ▇▇▇▇▇’▇ may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment DateDistribution Report, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof. The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ in connection with each Distribution Report, a file containing the current RiskCalc estimates, the rating date and rating for applicable Collateral Obligations.

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency then rating a Class of Rated Notes pursuant to the terms of this Indenture, the Issuer shall provide the Collateral Manager and each Rating Agency then rating a Class of Rated Notes with all information or reports delivered to the Collateral Trustee hereunder (with the exception of any Accountants' Certificates) and the Trustee shall provide all such information to the Placement Agent hereunderupon the Placement Agent's written request, and and, subject to Section 14.3(c), such additional information (with the exception of any Accountants' Certificates) as either any Rating Agency then rating a Class of Rated Notes may from time to time reasonably request (including notification (i) to S&P of any modification of any loan document relating to a DIP Collateral Obligation or any release of collateral thereunder not permitted by such loan documentation and Fitch notification to S&P of any Specified AmendmentEvent of which the Issuer has knowledge, which notice to S&P and Fitch shall include (x) a copy of any such amendment related to a Specified Amendment, (y) Event and a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendmentpurposes, if anyas applicable), and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, any other material event that is known to the Issuer or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to time); provided that, any notification to Fitch regarding a Specified Amendment shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor thereofthereon, the CUSIP number thereof (if applicable) and the Priority Category thereof(as specified in the definition of "Weighted Average S&P Recovery Rate").

Reports to Rating Agencies and Additional Recipients. In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Issuer shall provide each Rating Agency with all information or reports delivered to the Collateral Agent hereunderTrustee hereunder (with the exception of any accountants’ reports or any Accountants’ Certificate), and such additional information as either Rating Agency may from time to time reasonably request (including notification (i) to Moody’s and S&P of any modification of any loan document relating to a DIP Collateral Obligation or any release of collateral thereunder not permitted by such loan documentation and notification to S&P and Fitch Moody’s of any Specified Amendment, which notice to S&P and Fitch Moody’s shall include (x) a copy of such Specified Amendment, (y) a brief summary of its purpose and (z) which criteria under the definition of “Collateral Obligation” are no longer satisfied with respect to such Collateral Obligation after giving effect to the Specified Amendment, if any), and (ii) to S&P of the occurrence of (x) an event with respect to a Collateral Obligation that has a credit estimate from S&P and which in the reasonable business judgment of the Collateral Manager would require such notification to S&P under S&P’s Credit Estimate Guidelines, and (y) to the extent not reported pursuant to the foregoing clauses, but excluding any other material event that is known to the Issuer accountants’ reports or the Collateral Manager with respect to any Collateral Obligation if the Collateral Manager determines that such event is a material event as described in S&P’s published criteria for credit estimates titled “What Are Credit Estimates And How Do They Differ From Ratings?” dated April 2011 (as the same may be amended or updated from time to timeAccountants’ Certificate); provided that, that any notification to Fitch Moody’s regarding a Specified Amendment shall be delivered to G▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and to S&P shall be delivered to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Moody’s may, at its option, re-determine the credit estimate of any such Collateral Obligation which is subject to a Specified Amendment. Within 10 Business Days after the Effective Date, together with each Monthly Report and on each Payment Date, the Issuer shall provide to S&P, via e-mail in accordance with Section 14.3(a), a Microsoft Excel file of the Excel Default Model Input File and, with respect to each Collateral Obligation, the name of each obligor or issuer thereof, the CUSIP number thereof (if applicable) and the Priority Category thereof. The Issuer (or the Collateral Manager on behalf of the Issuer) shall deliver to G▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ the following: (i) updated RiskCalc input and output files within five Business Days of delivery of the Monthly Report (or upon request by Moody’s) and (ii) in connection with each Monthly Report, a file containing the current Moody’s RiskCalc estimates, the rating date and rating for applicable Collateral Obligations.