(excluding (x) any amount referred to in clause (aXii) of the definition of Principal Proceeds and (y) in the first Due Period, an amount equal to the Warehouse Accrued Interest); (ii) all proceeds received in cash on the sale of Collateral Obligations, to the extent that such proceeds constitute accrued interest (excludin

he Closing Date (the "Warehouse Accrued Interest") will be paid to the Pre-Closing Parties out of the proceeds from the sale of the Securities. When the Warehouse Accrued Interest is paid to the Issuer, the Issuer will retain such amounts and treat them as Principal Proceeds. The prices paid for such loans will be their marke

nts (excluding (x) any amount referred to in clause (MOO of the definition of Principal Proceeds and (v) in the first Due Period, an amount equal to the Warehouse Accrued Interest); (ii) all proceeds received in cash on the sale of Collateral Obligations, to the extent that such proceeds constitute accrued interest (excludin