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Moody's, Standani & Poor's or any other rating agency. The Co-Issuers will request, within 20 Business Days after the Ramp-Up End Date. that each Rating Agency confirm its ratings of the Senior Notes within 30 Business Days after the Ramp-Up End Date. Use of Proceeds The Offering The proceeds of the issu
Date if and to the extent funds are available for such purpose in accordance with the Priority of Payments. Such distributions will be payable to the Holders of the Income Notes only after payment in full of all of the liabilities of the Issuer that rank ahead of the Income Notes pursuant 2 CONFIDENTIAL - PURSUANT TO FED.
rred Interest with respect to the Class D Notes. to the extent not paid pursuant to the Interest Priority of Payments: 4. in the event that either Rating Agency has not confimied in writing its rating in effect on the Closing Date on each Class of Senior Notes on or prior to the 301° Business Day after the R
ed and unpaid Administrative Expenses (in the order set forth in the definition thereof) to the extent not paid pursuant to clause 1 above: 19. to the Holders of the Income Notes until the Incentive Management Fee 1RR Threshold has been met: 20. to the payment to the Collateral Manager of 20% of the remaining Interest Proce
Moody's, Standani & Poor's or any other rating agency. The Co-Issuers will request, within 20 Business Days after the Ramp-Up End Date. that each Rating Agency confirm its ratings of the Senior Notes within 30 Business Days after the Ramp-Up End Date. Use of Proceeds The Offering The proceeds of the issu
Date if and to the extent funds are available for such purpose in accordance with the Priority of Payments. Such distributions will be payable to the Holders of the Income Notes only after payment in full of all of the liabilities of the Issuer that rank ahead of the Income Notes pursuant 2 CONFIDENTIAL - PURSUANT TO FED.
rred Interest with respect to the Class D Notes. to the extent not paid pursuant to the Interest Priority of Payments: 4. in the event that either Rating Agency has not confimied in writing its rating in effect on the Closing Date on each Class of Senior Notes on or prior to the 301° Business Day after the R
ed and unpaid Administrative Expenses (in the order set forth in the definition thereof) to the extent not paid pursuant to clause 1 above: 19. to the Holders of the Income Notes until the Incentive Management Fee 1RR Threshold has been met: 20. to the payment to the Collateral Manager of 20% of the remaining Interest Proce
Entities connected to both Rating Agency and the Holders of the Income Notes

Moody's
ORGANIZATION
Eric Holder
PERSONInterest Proceeds
ORGANIZATION
United States
LOCATIONThe Co-Issuers
ORGANIZATIONthe Collateral Obligations
ORGANIZATIONthe Determination Date
ORGANIZATIONRegulation S.
LOCATIONthe Investment Criteria
ORGANIZATIONthe Holders of the Class D Notes
ORGANIZATIONthe Subordinate Management Fee
ORGANIZATIONStandani & Poor's
ORGANIZATIONthe Requisite Noteholders
ORGANIZATIONPayment Dale
ORGANIZATIONthe Incentive Management Fee
ORGANIZATION