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cipal Payment Sequence: then (B) the items described under clauses (xvi) through under the Priority of Interest Proceeds to the extent not paid from Interest Proceeds on such Distribution Date: then (C) until the Target Return has been achieved, any remaining Principal Proceeds to the Subordinated Securities (all
mediately preceding Distribution Date) will not exceed on any Distribution Date the Administrative Expense Senior Cap. (iii) To the payment of (A) the Senior Investment Management Fee for such Distribution Date minus any Deferred Senior Fee: and then (B) any unpaid Deferred Senior Fee that the Investment Manager has elected to be
Priority of Payments On each Distribution Date, the Issuer will distribute available Interest Proceeds and Principal Proceeds in accordance with the priorities described below (collectively, the "Priority of Payments"). (a) On each Distribution Date
n, an amount equal to the lesser of (x) the Ongoing Expense Reserve Ceiling and (v) the Ongoing Expense Excess Amount. (iv) To the payment of (A) the Senior Investment Management Fee for such Distribution Date minus any Deferred Senior Fee; and then (B) am unpaid Deferred Senior Fee that the Investment Manager has elected to be
Priority of Payments On each Distribution Date, the Issuer will distribute available Interest Proceeds and Principal Proceeds in accordance with the priorities described below (collectively, the "Priority of Payments"). (a) On each Distribution Date
n, an amount equal to the lesser of (x) the Ongoing Expense Reserve Ceiling and (v) the Ongoing Expense Excess Amount. (iv) To the payment of (A) the Senior Investment Management Fee for such Distribution Date minus any Deferred Senior Fee; and then (B) am unpaid Deferred Senior Fee that the Investment Manager has elected to be
cipal Payment Sequence: then (B) the items described under clauses (xvi) through under the Priority of Interest Proceeds to the extent not paid from Interest Proceeds on such Distribution Date: then (C) until the Target Return has been achieved, any remaining Principal Proceeds to the Subordinated Securities (all
mediately preceding Distribution Date) will not exceed on any Distribution Date the Administrative Expense Senior Cap. (iii) To the payment of (A) the Senior Investment Management Fee for such Distribution Date minus any Deferred Senior Fee: and then (B) any unpaid Deferred Senior Fee that the Investment Manager has elected to be
Entities connected to both Interest Proceeds and the Senior Investment Management Fee
Investment
ORGANIZATIONHedge Counterparty
PERSONthe Rated Notes
ORGANIZATIONthe Subordinated Securities Allocation
ORGANIZATIONthe Priority of Interest Proceeds
ORGANIZATIONthe Subordinated Investment Management Fee
ORGANIZATIONthe Special Redemption Amount.
ORGANIZATIONDeferred Senior Fee
ORGANIZATIONDefaulted Interest
ORGANIZATIONthe Ongoing Expense Reserve Ceiling
ORGANIZATIONHedge Counterpany
PERSON