t Eligible Principal Investments arc Senior Secured Loans) (ii) Senior Secured Notes and Second Lien Loans, collectively (iii) PIK Securities and Partial PIK Securities, collectively (iv) DIP Loans (v) the Commitment Amount of Revolving Credit Facilities and the Unfunded Amount of Delayed Funding Loans, collect

ity company, unincorporated association or government or an agency or political subdivision thereof. "PIK Securities": Debt obligations (other than Partial PIK Securities) that provide for periodic payments of interest to be deferred or capitalized (without defaulting). 39 ING IM CLO 2011-1 CONFIDENTIAL - PURSUANT

ity company, unincorporated association or government or an agency or political subdivision thereof. "PIK Securities": Debt obligations (other than Partial PIK Securities) that provide for periodic payments of interest to be deferred or capitalized (without defaulting). 39 ING IM CLO 2011-1 CONFIDENTIAL - PURSUANT

ity company, unincorporated association or government or an agency or political subdivision thereof. "PIK Securities": Debt obligations (other than Partial PIK Securities) that provide for periodic payments of interest to be deferred or capitalized (without defaulting). "Portfolio Principal Balance": The Aggregate Pr