Epstein Secrets

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

greement (other than termination payments not constituting accrued and unpaid periodic payments through the termination date); (c) with respect to the first Distribution Date, any remaining Closing Date Interest Deposit (other than the amount (if any) designated by the Investment Manager as Principal Proceeds on or befor

eived from the disposition of any Collateral (unless simultaneously reinvested in Collateral Obligations or in Eligible Investments), and (iv) all Interest Proceeds and Principal Proceeds (other than, prior to the Business Day preceding the first Distribution Date, Uninvested Proceeds). The Issuer may, but unde

the Payment Account for application pursuant to Section 11.1 and in accordance with the Distribution Date Instructions (including, with respect to the first Distribution Date, any remaining Closing Date Interest Deposit for application as Interest Proceeds or, to the extent designated by the Investment Manager, Principal

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

reement (other than termination payments not constituting accrued and unpaid periodic payments through the termination date); (c) with respect to the first Distribution Date. any remaining Closing Date Interest Deposit (other than the amount (if any) designated by the Investment Manager as Principal Proceeds on or before

eived from the disposition of any Collateral (unless simultaneously reinvested in Collateral Obligations or in Eligible Investments), and (iv) all Interest Proceeds and Principal Proceeds (other than, prior to the Business Day preceding the first Distribution Date, Uninvested Proceeds). The Issuer may, but unde

the Payment Account for application pursuant to Section 11.1 and in accordance with the Distribution Date Instructions (including, with respect to the first Distribution Date, any remaining Closing Date Interest Deposit for application as Interest Proceeds or, to the extent designated by the Investment Manager, Principal