Attentus CDO I Offering Circular - Irish Stock Exchange

(5) to the payment of accrued and unpaid interest on, first, the Class A-1 Notes and,
second, the Class A-2 Notes (in each case including Defaulted Interest and any interest thereon);
(6) to the payment of accrued and unpaid interest on the Class B Notes (including
Defaulted Interest and any interest thereon);
(7) (a) if either Class A/B Coverage Test is not satisfied on the related Determination
Date and if any Class A Note or Class B Note remains outstanding, to the payment of principal
of, first, the Class A-1 Notes, second, the Class A-2 Notes and, third, the Class B Notes, to the
extent necessary to cause each of the Class A/B Coverage Tests to be satisfied on the related
Determination Date, and (b) on the first Distribution Date on or after the Ramp-Up Completion
Date, if a Ramp-Up Ratings Confirmation Failure has occurred, in the event that the Issuer is
unable to obtain a Ratings Confirmation after the application of Uninvested Proceeds to pay
principal of the Notes, to the payment of principal of, first, the Class A-1 Notes, second, the Class
A-2 Notes and, third, the Class B Notes, to the extent specified by each Rating Agency in order to
obtain a Ratings Confirmation;
(8) first, to the payment of accrued and unpaid interest on the Class C-1 Notes
(including Defaulted Interest and interest thereon, if any, but excluding any Class C-1 Deferred
Interest) and second, pro rata, to the payment of accrued and unpaid interest on the Class C-2A
and Class C-2B Notes (including Defaulted Interest and interest thereon, if any, but excluding any
Class C-2 Deferred Interest);
(9) (a) if either Class C Coverage Test is not satisfied on the related Determination
Date and if any Senior Notes remain outstanding, to the payment of principal of, first, the Class
A-1 Notes, second, the Class A-2 Notes, third, the Class B Notes, fourth, the Class C-1 Notes,
and fifth, the Class C-2A Notes and Class C-2B Notes, pro rata, to the extent necessary to cause
each of the Class C Coverage Tests to be satisfied on the related Determination Date, and (b) on
the first Distribution Date on or after the Ramp-Up Completion Date, if a Ramp-Up Ratings
Confirmation Failure has occurred, in the event that the Issuer is unable to obtain a Ratings
Confirmation after the application of Uninvested Proceeds and Interest Proceeds (in accordance
with paragraph 7) above) to pay principal of the Notes, to the payment of principal of, first, the
Class A-1 Notes, second, the Class A-2 Notes, third, the Class B Notes, fourth, the Class C-1
Notes and fifth, the Class C-2A Notes and Class C-2B Notes, pro rata;
(10) first, to the payment of Class C-1 Deferred Interest in respect of the Class C-1
Notes (in reduction of the principal amount of the Class C-1 Notes) and second, to the payment of
Class C-2 Deferred Interest in respect of the Class C-2A Notes and Class C-2B Notes, pro rata (in
reduction of the principal amount of the Class C-2A Notes and Class C-2B Notes);
(11) to the payment of accrued and unpaid interest on the Class D Notes (including
Defaulted Interest and interest thereon, if any, but excluding any Class D Deferred Interest);
(12) (a) if either Class D Coverage Test is not satisfied on the related Determination
Date and if any Senior Notes remain outstanding, to the payment of principal of, first, the Class
A-1 Notes, second, the Class A-2 Notes, third, the Class B Notes, fourth, the Class C-1 Notes,
fifth, the Class C-2A Notes and Class C-2B Notes, pro rata, and sixth, the Class D Notes, to the
extent necessary to cause each of the Class D Coverage Tests to be satisfied on the related
Determination Date, and (b) on the first Distribution Date on or after the Ramp-Up Completion
Date, if a Ramp-Up Ratings Confirmation Failure has occurred, in the event that the Issuer is
unable to obtain a Ratings Confirmation after the application of Uninvested Proceeds and Interest
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