GoldenTree Loan Opportunities VI Ltd./GoldenTree Loan ...

U.S. Structured Credit CLO Standard & Poor's Ratings Services 17g-7 Disclosure Report: GoldenTree Loan Opportunities VI Ltd./
GoldenTree Loan Opportunities VI LLC
admission of material allegations of a petition or
otherwise) to the appointment of a receiver, trustee,
assignee, custodian, liquidator or sequestrator (or other
similar official) of the Portfolio Manager or of any
substantial part of its properties or assets, or
authorizes such an application or consent, or
proceedings seeking such appointment are
commenced without such authorization, consent or
application against the Portfolio Manager and continue
undismissed for 60 days; (iii) authorizes or files a
voluntary petition in bankruptcy, or applies for or
consents (by admission of material allegations of a
petition or otherwise) to the application of any
bankruptcy, reorganization, arrangement, readjustment
of debt, insolvency or dissolution, or authorizes such
application or consent, or proceedings to such end are
instituted against the Portfolio Manager without such
authorization, application or consent and are approved
as properly instituted and remain undismissed for 60
days or result in adjudication of bankruptcy or
insolvency; or (iv) permits or suffers all or any
substantial part of its properties or assets to be
sequestered or attached by court order and the order
remains undismissed for 60 days;
4) the occurrence and continuance of an Event of
Default under the Indenture that consists of a default in
the payment of principal or interest on the Secured
Notes when due and payable, and that results from a
breach by the Portfolio Manager of its duties under this
Agreement or under the Indenture, which breach or
default is not cured within the applicable cure period; or
5) the occurrence of an act by the Portfolio Manager
that constitutes fraud or criminal activity in the
performance of its obligations under this Agreement, or
the Portfolio Manager or any of its executive committee
members (in the performance of his or her investment
management duties) being convicted of a felony
offense related to its primary business and such
executive committee members continue to have
responsibility for the performance by the Portfolio
Manager of its duties following such conviction.
If any of the events specified in the definition of "cause"
in this Section 15 shall occur, the Portfolio Manager
shall give prompt written notice thereof to the Issuer,
each Rating Agency, the Holders of all Outstanding
Securities and the Trustee upon the Portfolio
Manager's becoming aware of the occurrence of such
event. The Portfolio Manager may not be removed
other than for cause.
The language in Standard & Poor’s Ratings Services’ 17g-7 Benchmark reflects representations, warranties and enforcement
mechanisms available to investors that commonly appear in the transaction documents for a specific type of security. In order
to make the benchmarks generic, we made the following modifications. Specific article or section numbers have been
replaced by a number symbol (Example: ‘Section 5’ now reads as ‘Section #’). Proper nouns have been replaced with the
bracketed name of the role the entity plays in the transaction (Example: ‘ABC Corp’ now reads as [Seller]). Numbers or
amounts specific to a deal have been replaced with a number symbol (Example: ‘more than 30%’ now reads as ‘more than
#%’). Non-numerical characteristics have been replaced by a generic description (Example: ‘financing of agricultural and
construction equipment’ now reads as ‘financing of [type of] equipment’).
This Standard & Poor's Ratings Services 17g-7 Disclosure Report is not intended to be, and may not be relied upon as, legal
advice.
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