solution Expenses, any accrued and unpaid Investment Management Fees and any amounts due to the Hedge Counterpanies). Refinancing. In the case of a Refinancing, the Issuer will issue Notes (the "Replacement Notes") with the terms, priorities and conditions set forth in a supplemental indenture and will rede

l Structure' (1) Preliminary and subject to material change. Actual capital structure. transaction size, class sizes, rating levels and coupons of a Refinancing will be established at the time of a Refinancing and may differ materially from those presented herein. (2) Indicative based upon current market co

l Structure' (1) Preliminary and subject to material change. Actual capital structure. transaction size, class sizes, rating levels and coupons of a Refinancing will be established at the time of a Refinancing and may differ materially from those presented herein. (2) Indicative based upon current market co

l Structure' (1) Preliminary and subject to material change. Actual capital structure. transaction size, class sizes, rating levels and coupons of a Refinancing will be established at the time of a Refinancing and may differ materially from those presented herein. (2) Indicative based upon current market co

v) the appropriate number of Preferred Shares are being issued to each Preferred Share Purchaser in connection with such capital call. Prior to the Refinancing, the Issuer may make capital calls for any reason, provided that the proceeds of such Contributions are used in accordance with the Initial Facilit

limited liability company, as co-issuer (the "Co-Issuer') of the Refinancing. The Co-Issuer has been formed for the sole purpose of co-issuing the Refinancing. The Co-Issuer has been established as a special purpose, bankruptcy-remote entity and will issue membership interests to the Issuer for nominal c

Shares will be subject to redemption in whole, subject to the availability of funds therefor pursuant to the Priority of Payments. In the case of a Refinancing, the Preferred Shares will not be redeemed but instead will remain outstanding in accordance with the terms of the Refinancing. The Preferred Shar

nding Amount, as applicable. The date on which the Issuer issues the Refinancing Securities. The Preferred Shares will remain outstanding when the Refinancing is executed and will not receive any redemption or other payment in connection with the Refinancing. The [sixth] Business Day after the Issuer and

f any required liquidation of the Collateral Obligations in connection with the redemption of the Facility. After the Non-Call Period related to the Refinancing, the Issuer at its option may, in each case acting at the direction of the Majority Preferred Shareholders, effect an [[Optional Principal Prepaymen

zational Expenses permitted to be collected from Preferred Share Purchasers is significantly limited with respect to the funding of the costs of any Refinancing and could limit the ability of the Issuer to complete a Refinancing. A Refinancing will only be effective if the conditions set forth in the PS Issu

nt and start-up of the Issuer on or prior to the Effective Date, (ii) the establishment of the Initial Facility, and (iii) the establishment of any Refinancing, in each case including expenses incurred for such purposes by or on behalf of the respective counsel to each of the Issuer, the Portfolio Advisor,

a DIP Collateral Obligation which has been specifically assigned a recovery rate by Moody's), 50%.] "Non-Call Period" means, in connection with the Refinancing, the period during which the Majority Preferred Shareholders are prohibited from requesting an [Optional Redemption] of the Preferred Shares and rel