RIN II • 094 Alpha Group Capital LLC the passage (in the case of a default that in the Portfolio Advisor's judgment, as certified to the Security Party in writing, is not due to credit-related causes) of five Business Days or seven calendar days, whichever is greater, but in no case beyond the passage of any grace period applicable thereto), and the holders of such other debt obligation of the same issuer have accelerated the maturity of all or a portion of such Collateral Obligation or other obligation; provided that such Collateral Obligation or other obligation shall constitute a Defaulted Obligation under this clause only until such acceleration has been rescinded: (c) the issuer or others have instituted proceedings to have the issuer of such Collateral Obligation or other obligation adjudicated as bankrupt or insolvent or placed into receivership and, in the case of any such proceedings instituted by others, such proceedings have not been stayed or dismissed within 60 days after being instituted or such issuer has filed for protection under Chapter 11 of the Bankruptcy Code; (d) (such Collateral Obligation or other obligation has an S&P Rating of "CC" or lower or "SD" or had such rating immediately before such rating was withdrawn or any Obligor on such Collateral Obligation or other obligation has a "probability of default" rating assigned by Moody's of "Ca", "C" or lower]; (e) [such Collateral Obligation or other obligation is pad passu in right of payment as to the payment of principal and/or interest to another debt obligation of the same issuer, which has an S&P Rating of "CC" or lower or "SD" or had such rating immediately before such rating was withdrawn or any Obligor on such Collateral Obligation or other obligation has a "probability of default" rating assigned by Moody's of "Ca", "C" or lower; provided that both the Collateral Obligation or other obligation and such other debt obligation are full recourse obligations of the appl