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

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"Underlying Instruments" means the indenture, loan agreement, credit agreement, participation agreement or other agreement pursuant to which a Pledged Investment has been issued or created and each other agreement that governs the terms of or secures the obligations represented by such Pledged Investment or of which the holders of such Pledged Investment are the beneficiaries. "Unhedged Interest Spread" means the excess, if any, of the interest rate payable pursuant to a Non-USD Debt Obligation less the interest rate payable by the Issuer pursuant to the related Currency Hedge. "Unhedged Reduction Percentage" means 65.0%. "U.S. Agency Obligations" means the registered obligations of any agency or instrumentality of the United States, the timely payment of principal and interest on which is fully and expressly guaranteed by the United States, or any agency or instrumentality of the United States the obligations of which are expressly backed by the full faith and credit of the United States, but excluding (x) any such obligations that are Zero-Coupon Securities and (y) any such obligations that are interest only securities. "U.S. Obligor" means any Obligor organized or incorporated in the United States. "U.S. Treasury Benchmark" means for any Collateral Debt Obligation, the interest rate on U.S. Treasury securities used as a benchmark for that Collateral Debt Obligation by two market makers, selected by the Collateral Manager, in that Collateral Debt Obligation. "U.S. Treasury Obligations" means the direct Registered obligations of the United States, the obligations of which are expressly backed by the full faith and credit of the United States, but excluding (x) any such obligations that are Zero-Coupon Securities and (y) any such obligations that are interest only securities. "Weighted Average Purchase Price" means the number (expressed as a percentage) obtained by (i) summing the products obtained by multiplying the purchase price of each Collateral Debt Obligation by the Principal Balance of such Collateral Debt Obligation and (ii) dividing such sum by the Principal Balance of all Collateral Debt Obligations at such time. "Weighted Average Rating" means the number obtained by (a) multiplying the Principal Balance of each Collateral Debt Obligation (excluding Defaulted Obligations) by its Moody's Rating Factor on any Measurement Date; (b) summing the products obtained in clause (a) for all Collateral Debt Obligations; (c) dividing the sum obtained in clause (b) by the Aggregate Principal Balance on such Measurement Date of all Collateral Debt Obligations that are not Defaulted Obligations; and (d) rounding the result to the nearest whole number. "Zero-Coupon Security" means a security that by its terms does not make periodic payments of interest. 169
INDEX OF DEFINED TERMS $..............................................................................xiv €..............................................................................xiv 25% Limitation......................................................134 A Item....................................................................101 A/B Exchange........................................................101 Accountholder .........................................................56 Accredited Investor................................................142 Accredited Investors...................................................i ACLSL .................................................................... iii Additional Reinvestment Conditions.................19, 84 Adjusted Class C Overcollateralization Ratio ...................................................................142 Adjusted Purchase Price ........................................142 Administration Agreement ......................................49 Administrative Expense Cap .............................21, 62 Administrative Expenses .......................................142 Administrator...........................................................49 Advisers Act ..........................................................142 Affected Bank........................................................142 Affected Class .........................................................53 Affiliated Person....................................................142 Aggregate Excess Spread ......................................142 Aggregate Industry Equivalent Unit Score..............77 Aggregate Outstanding Amount............................143 Aggregate Principal Balance .................................143 Aggregate Spread ..................................................143 Alternative Swap Collateral Account ......................89 Alternative Swap Collateral Account Bank.............89 Applicable Spot Market Exchange Rate................144 Approved Dealer....................................................144 Approved Exchange ..............................................121 Approved Pricing Service......................................144 Approved Source ...................................................121 Assignments ............................................................71 Authenticating Agent.............................................144 Authorized Officer.................................................144 Available Redemption Amount ...............................52 Average Life............................................................78 Average Par Amount ...............................................77 B Item ....................................................................101 Bankruptcy Code ...................................................144 Base Collateral Management Fee ..........................116 Base Collateral Management Fee Interest .............116 Base Collateral Management Fee Rate....................25 Benefit Plan Investor ...............................................46 Business Day .........................................................144 Canadian Dollars ....................................................xiv cause ......................................................................118 CDO.......................................................................144 CDO Security ........................................................144 CDOs.....................................................................114 CFC .......................................................................124 Class ......................................................................144 Class A Coverage Tests.............................................9 Class A Interest Coverage Ratio..........................9, 73 Class A Interest Coverage Test..........................10, 73 Class A Notes .........................................................i, 1 Class A Overcollateralization Ratio ....................9, 73 Class A Overcollateralization Test ......................9, 73 Class A-1 Break-Even Default Rate ........................81 Class A-1 Loss Differential .....................................81 Class A-1 Note Interest Rate .............................3, 144 Class A-1 Notes......................................................i, 1 Class A-1 Scenario Default Rate .............................81 Class A-2 Break-Even Default Rate ........................81 Class A-2 Loss Differential .....................................81 Class A-2 Note Interest Rate .............................3, 145 Class A-2 Notes......................................................i, 1 Class A-2 Scenario Default Rate .............................81 Class B Break-Even Default Rate............................81 Class B Coverage Tests ...........................................10 Class B Deferred Interest...........................................2 Class B Interest Coverage Ratio ........................10, 74 Class B Interest Coverage Test..........................10, 74 Class B Loss Differential.........................................81 Class B Note Interest Rate.................................3, 145 Class B Notes .........................................................i, 1 Class B Overcollateralization Ratio...................10, 73 Class B Overcollateralization Test ....................10, 73 Class B Scenario Default Rate.................................81 Class C Break-Even Default Rate............................81 Class C Coverage Tests ...........................................11 Class C Deferred Interest...........................................3 Class C Interest Coverage Ratio ........................11, 74 Class C Interest Coverage Test..........................11, 75 Class C Loss Differential.........................................81 Class C Note Interest Rate.................................3, 145 Class C Notes .........................................................i, 1 Class C Overcollateralization Ratio...................11, 74 Class C Overcollateralization Test ....................11, 74 Class C Scenario Default Rate.................................81 Clearstream..............................................................57 Clearstream-Luxembourg...................................... i, ii Closing Date ...............................................................i Code.......................................................................127 Co-Issuer.....................................................................i Co-Issuer Equity......................................................48 Co-Issuers...................................................................i Collateral .................................................................65 Collateral Administration Agreement..............25, 145 Collateral Administrator ................................121, 145 Collateral Assignment of Interest Rate Hedge..................................................................145 Collateral Debt Obligation...................................6, 66 Collateral Management Agreement.................21, 116 Collateral Management Incentive Fee ...................117 Collateral Manager .......................................i, 21, 114 Collateral Quality Tests .....................................12, 72
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Offering Subject Memorandum to Comp
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subsequent transferee will be requi
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ACCORDANCE WITH PART 6D.2 OF THE CO
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NOTICE TO RESIDENTS IN THE PROVINCE
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MUTUAL FUNDS, PORTFOLIO INVESTMENT
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THE OFFERED SECURITIES HAVE NOT BEE
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BENEFICIAL OWNERS OF SUCH OFFERED S
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Shares, the Issuer under the Prefer
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TABLE OF CONTENTS SUMMARY OF TERMS
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CAYMAN ISLANDS TAX CONSIDERATIONS..
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Issuer: ...........................
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Interest Reserve Account (to be app
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Counterparties as it may elect in i
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United States or any state thereof
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(iii) such calculation will not inc
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The "Reinvestment Overcollateraliza
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The foregoing descriptions are summ
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(z) Not more than the percentage of
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the proceeds of such sale may be re
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(v) the Weighted Average Rating Fac
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(6) to the payment of accrued and u
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(4) to the payment of the amounts r
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RISK FACTORS An investment in the O
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To the extent the requirements unde
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Preferred Shares. In the event of a
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Investments of the Issuer in securi
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Controlling Class are entitled to d
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the ability of the Co-Issuers to op
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Agency in rating the Notes or any r
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not directly benefit from the colla
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circumstances, the loaned Collatera
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Securities are entitled to vote, in
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As part of their regular business,
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Declaration of Trust). It is not an
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Carrie Bunton, Vice President Carri
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any Notes for any Interest Accrual
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Withholding Tax Obligations, in eac
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Payments on the Offered Securities
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state of the United States or any o
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payments except the portion thereof
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Intermediary; and (ii) all other ac
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Payment Sequence or (y) if, on the
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payment of all amounts due from the
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In order to ensure that the Issuer
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3.0% Any of Greece, Italy or Portug
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assigning Selling Institution shoul
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The Class B Interest Coverage Test
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Minimum Diversity Score Maximum Wei
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Rating/Minimum Spread/Maximum WAL M
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Moody's Recovery Rate for All Other
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emaining for the payment of the Cla
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(b) the Overcollateralization Tests
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The "Required Sale Date" means, (a)
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Principal Collection Account All pr
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Agreement, or if any such Swap Agre
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Account will be utilized to purchas
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transfer of such amounts (except fo
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(y) replace itself under the relate
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denominated in the same Permitted C
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Lending Counterparty so that the Se
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agreed that if such purchaser is no
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or bad faith on its part, arising o
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and all other amounts payable under
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federal, state, local or foreign in
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elevant provisions of the Indenture
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Co-Issuers of all other amounts due
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holders of the Preferred Shares of,
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Zhen Tao, Associate. Prior to joini
Page 137 and 138: If the Collateral Management Agreem
Page 139 and 140: Manager, the resigning or removed C
Page 141 and 142: Manager certain reports, schedules
Page 143 and 144: A U.S. Holder generally will recogn
Page 145 and 146: CAYMAN ISLANDS TAX CONSIDERATIONS T
Page 147 and 148: The Issuer intends to limit purchas
Page 149 and 150: In the Placement Agreement, each of
Page 151 and 152: any of their respective affiliates
Page 153 and 154: Additional Restrictions No transfer
Page 155 and 156: EMPLOYEE BENEFIT PLAN SUBJECT TO TI
Page 157 and 158: AND IS NOT A QUALIFIED PURCHASER, A
Page 159 and 160: warehouse facility (including the l
Page 161 and 162: GLOSSARY "Accredited Investor" mean
Page 163 and 164: such Floating Rate Collateral Debt
Page 165 and 166: has decreased its spread over a Lon
Page 167 and 168: "Defaulted Obligation" means for an
Page 169 and 170: organized under the laws of the Uni
Page 171 and 172: provides services; provided that U.
Page 173 and 174: "Form-Approved Synthetic Security"
Page 175 and 176: that the Collateral Manager may bas
Page 177 and 178: affiliates have defaulted on any de
Page 179 and 180: "Principal Balance" means with resp
Page 181 and 182: disposition of Collateral Debt Obli
Page 183 and 184: "Sale Proceeds" means with respect
Page 185 and 186: ating if such rating is higher than
Page 187: Aa1 15% 20% Aa2 10% 20% Aa3 7.5% 15
Page 191 and 192: Issuer Par Amount .................
Page 193 and 194: USA PATRIOT Act....................
Page 195 and 196: equirement for written certificatio
Page 197 and 198: 9. We understand that the Issuer, t
Page 199 and 200: ANNEX B FORM OF PREFERRED SHARE ERI
Page 201 and 202: (v) (vi) the proceeds of such sale,
Page 203 and 204: EXHIBIT A Aggregate Industry Unit S
Page 205 and 206: Standard & Poor's Industry Classifi
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Octagon Investment Partners IX, Ltd. JPMorgan - Irish Stock Exchange

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