Common use of Limitation on Certain Maturity Amendments Clause in Contracts

Limitation on Certain Maturity Amendments. (a) The Issuer (or the Collateral Manager on the Issuer’s behalf) may agree to any amendment, waiver or other modification to any Collateral Obligation that would extend the stated maturity date thereof; provided, that neither the Issuer nor the Collateral Manager on the Issuer’s behalf may agree to any Maturity Amendment unless, as determined by the Collateral Manager, (1) the stated maturity of the related Collateral Obligation is not extended beyond the earliest Stated Maturity and (2) the Weighted Average Life Test will be satisfied or, if not satisfied, maintained or improved after giving effect to such Maturity Amendment; provided further that the Issuer may enter into any Maturity Amendment that does not meet the requirements described in proviso (2) above if (x) in the Collateral Manager’s reasonable judgment such Maturity Amendment is necessary (i) to prevent the related Collateral Obligation from becoming a Defaulted Obligation or (ii) due to the materially adverse financial condition of the related Obligor, to minimize material losses on the related Collateral Obligation (any such Maturity Amendment described in this clause (x), a “Credit Amendment”) and (y) not more than 7.5% of the Target Initial Par Amount, measured cumulatively since the Closing Date, consists of Collateral Obligations that have been subject to a Maturity Amendment that does not meet the requirements described in proviso (2) above.

Limitation on Certain Maturity Amendments. (a) The Issuer (or the Collateral Manager on the Issuer’s behalf) may agree to any amendment, waiver or other modification to any Collateral Obligation that would extend the stated maturity date thereofthereof (a “Maturity Amendment”); provided, provided that neither the Issuer nor the Collateral Manager on the Issuer’s behalf may agree to any Maturity Amendment unless, unless both (x) as determined by the Collateral ManagerManager after giving effect to any Trading Plan then in effect, the Weighted Average Life Test will be satisfied after giving effect to such Maturity Amendment and (1y) the stated maturity of the related Collateral Obligation is not extended beyond the earliest Stated Maturity and (2) Maturity. Notwithstanding the Weighted Average Life Test will be satisfied orforegoing, if not satisfied, maintained or improved after giving effect to such Maturity Amendment; provided further that the Issuer may enter into any Maturity Amendment that does not meet the requirements described in proviso of such clause (2x) or (y) above if (xa) in the Collateral Manager’s reasonable judgment such Maturity Amendment is necessary a Credit Amendment, and (ib) to prevent the related stated maturity of any Collateral Obligation from becoming subject to a Defaulted Obligation Credit Amendment is not extended to more than 24 months beyond the Stated Maturity, so long as, immediately following such amendment or modification, (ii) due to the materially adverse financial condition of the related Obligor, to minimize material losses on the related Collateral Obligation (any such Maturity Amendment described in this clause (x), a “Credit Amendment”) and (yA) not more than 7.55% of the Target Initial Par AmountCollateral Principal Amount consists of Collateral Obligations subject to a Credit Amendment that does not meet the requirement described in the paragraph above and (B) the Aggregate Principal Balance of all Collateral Obligations that have been subject to a Credit Amendment that does not meet the requirement described in the paragraph above, measured cumulatively since the Closing Date, consists is not more than 15% of Collateral Obligations that have been subject to a Maturity Amendment that does not meet the requirements described in proviso (2) aboveTarget Initial Par Amount.