Epstein Secrets

ch Class, as specified in Section 2.2 and in such Rated Notes. "Intermediary": The entity maintaining an Account pursuant to an Account Agreement. "Internal Rate of Return": For purposes of the definition of Investment Manager Incentive Fee Amount, the rate of return on the Subordinated Securities that would result in

ided that no event of default has occurred thereunder; and (vi) any amounts in the Expense Reserve Account designated by the Investment Manager as Interest Proceeds; provided, however, that any payments received by the Issuer with respect to any Defaulted Obligation or Defaulted Loaned Collateral Obligation sha

ies pursuant to the Priority of Payments prior to such Distribution Date, would cause the holders of the Subordinated Securities to first achieve an Internal Rate of Return of 13% on the Aggregate Outstanding Amount of Subordinated Securities issued on the Closing Date. On any Distribution Date, the Investment Manager

distribution in excess of (x) the amounts payable pursuant to clauses (aXi) through (a)(v) (without regard to clause (aXiv)(B)) of the Priority of Interest Proceeds plus (y) the current interest payments on the Class A Notes or if no Class A Notes are Outstanding, the Controlling Class. Any Deferred Subordinated

ccrued and unpaid interest received upon sale or liquidation of any Collateral Obligation hereunder, but excluding any Purchased Accrued Interest. "Internal Rate of Return" means an annualized internal rate of return (computed using the "XIRR" function in Microsoft@ Excel 2002 or an equivalent function in another softw

re on its related Preferred Share Issuance Date, assuming a purchase price of $1 per Preferred Share; b) the positive value of each distribution of Interest Proceeds made to the PS Issuing and Paying Agent for distribution to the Preferred Shareholders on any prior Payment Date and, to the extent necessary to rea

ies pursuant to the Priority of Payments prior to such Distribution Date, would cause the holders of the Subordinated Securities to first achieve an Internal Rate of Return of 13% on the Aggregate Outstanding Amount of Subordinated Securities issued on the Closing Date. On any Distribution Date, the Investment Manager

distribution in excess of (x) the amounts payable pursuant to clauses (aXi) through (a)(v) (without regard to clause (aXiv)(B)) of the Priority of Interest Proceeds plus (y) the current interest payments on the Class A Notes or if no Class A Notes are Outstanding, the Controlling Class. Any Deferred Subordinated

oceeds of an Additional Equity Issuance that are designated by the Investment Manager as Interest Proceeds with respect to such Distribution Date. "Internal Rate of Return": For purposes of the definition of Investment Manager Incentive Fee Amount, the rate of return on the Subordinated Securities that would result in

of Credit Reserve Account as Interest Proceeds: and any proceeds of an Additional Equity Issuance that are designated by the Investment Manager as Interest Proceeds with respect to such Distribution Date. "Internal Rate of Return": For purposes of the definition of Investment Manager Incentive Fee Amount, the ra