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.

otes will be payable solely from and to the extent of the available proceeds from the Collateral pursuant to the Priority of Payments. Consequently. the Holders of the Income Notes must rely solely upon the net payments received by the Issuer under the Collateral Obligations and Eligible Investments and available amounts on de

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

ive Expenses referred to in clause 18 of the Interest Priority of Payments. but in each case only to the extent not paid in full thereunder. 8. to the Holders of the Income Notes until the Incentive Management Fee IRR Threshold has been met: 9. to the payment to the Collateral Manager of 20% of the remaining Principal Proce

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.

otes will be payable solely from and to the extent of the available proceeds from the Collateral pursuant to the Priority of Payments. Consequently. the Holders of the Income Notes must rely solely upon the net payments received by the Issuer under the Collateral Obligations and Eligible Investments and available amounts on de

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

Expenses referred to in clause (R) of the Interest Priority of Payments, but in each case only to the extent not paid in full thereunder; (H) to the Holders of the Income Notes until the Incentive Management Fee IRR Threshold has been met; (I) to the payment to the Collateral Manager of 20% of the remaining Principal Pro