Octagon Investment Partners IX, Ltd. JPMorgan - Irish Stock Exchange

Criteria are satisfied. If, however, at the time of sale the Collateral Manager is not required to and has not identified
Collateral Debt Obligations for purchase, Principal Proceeds may be reinvested in Eligible Investments (to be
credited to the Principal Collection Account), pending reinvestment in Collateral Debt Obligations.
Notwithstanding the foregoing provisions, (A) cash on deposit in the Collection Accounts may be invested in
Eligible Investments pending investment in Collateral Debt Obligations and (B) if an Event of Default shall have
occurred and be continuing, no Collateral Debt Obligation may be acquired unless it was the subject of a
commitment entered into by the Issuer prior to the occurrence of such Event of Default.
The Issuer, at the direction of the Collateral Manager, may from time to time purchase Non-USD Debt
Obligations in accordance with the requirements of the Indenture; provided, that, on or promptly after the date of
each such purchase, the Issuer, at the direction of the Collateral Manager, will enter into one or more Currency
Hedges that satisfies the Currency Hedge Requirements with respect to such Non-USD Debt Obligation. The costs
(if any) of the entry into each Currency Hedge in connection with the purchase of a Non-USD Debt Obligation will
be paid out of Principal Proceeds and will be considered part of the purchase price of the related Non-USD Debt
Obligation.
Accounts
The Trustee will, on the Closing Date, establish the following segregated trust accounts and subaccounts which
will be held in the name of the Trustee for the benefit of the Secured Parties, the Replacement Swap Counterparty (if
applicable) and the Swap Counterparty (it being understood that the Issuer will have the right to allocate any
additional funds received by it, which funds (upon receipt) do not constitute proceeds from the sale of the Notes,
Collateral, any proceeds from the sale, liquidation or exchange of Collateral or share capital, to any account in its
sole discretion and to treat such funds as Interest Proceeds and/or Principal Proceeds, as elected by the Collateral
Manager):
Interest Collection Account
All distributions on the Collateral Debt Obligations and any proceeds received from the disposition of any such
Collateral Debt Obligations to the extent such distributions or proceeds constitute Interest Proceeds will be remitted
to a single, segregated account established and maintained under the Indenture by the Trustee (the "Interest
Collection Account"). The Trustee will credit to the Interest Collection Account (A) all Interest Proceeds and
(B) any other Interest Proceeds not specifically identified for application elsewhere in the Indenture.
The Collateral Manager on behalf of the Issuer may, by Issuer Order, direct the Trustee to, and upon receipt of
such Issuer Order the Trustee will, on any Business Day during a Due Period transfer an amount equal to the
Administrative Expenses out of the Interest Collection Account, at the sole discretion of the Collateral Manager, and
deposit such amount into the Expense Account in accordance with the requirements of such Issuer Order; provided
that the aggregate of such expenditures during such period will not exceed the Administrative Expense Cap for the
related Distribution Date. The amount of such Administrative Expenses will be immediately paid from the Expense
Account.
In addition, the Collateral Manager may, in its discretion, by Issuer Order direct the Trustee to, and upon receipt
of such Issuer Order the Trustee will, on any Business Day during a Due Period withdraw or apply funds on deposit
in, or otherwise to the credit of, the Interest Collection Account for the purchase of accrued interest in connection
with the purchase by the Issuer of any Substitute Collateral Debt Obligation in accordance with the terms and
conditions set forth in "Security for the Notes—Substitute Securities and Reinvestment Criteria."
On the Business Day prior to the first Determination Date (or, upon the Trustee's receipt of an Issuer Order, on
an earlier Business Day designated by the Issuer), the Trustee will transfer to the Principal Collection Account as
Principal Proceeds an amount of the Interest Proceeds on deposit in the Interest Collection Account, which amount
represents interest received in respect of Collateral Debt Obligations owned by the Issuer on the Closing Date
(including accrued interest received by the Issuer in connection with a Sale of any such Collateral Debt Obligation)
to the extent that such interest was accrued and unpaid as of the Closing Date (whether or not such interest is
actually received by the Issuer).
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