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

to the aggregate amount of Principal Proceeds previously applied
pursuant to "—Distributions of Principal Proceeds" below to make
payments specified in clauses (1), (2), (4)-(8), (10) and (12) above less
the aggregate amount of Interest Proceeds previously applied pursuant
to this clause (16);
(17) to the payment of any amounts described in clause (2) above,
in the sequence stated therein and only to the extent not previously paid
thereunder whether due to the Administrative Expense Cap or
otherwise;
(18) to the payment of any Specified Hedge Termination Payments
(in the case of any Currency Hedge, to the extent there are no funds
available in the subaccount applicable to such Currency Hedge within
the Currency Account on or prior to such Distribution Date in
connection with such termination);
(19) to pay to the Preferred Share Paying Agent (for payment to
holders of the Preferred Shares pursuant to the Preferred Share
Documents to the extent legally permitted) until the Preferred Shares
have realized an Internal Rate of Return of 10%;
(20) to the payment of the Collateral Management Incentive Fees,
if any; and
(21) any remaining funds will be distributed to the Preferred Share
Paying Agent (for payment to holders of the Preferred Shares pursuant
to the Preferred Share Documents to the extent legally permitted).
Distributions of Principal Proceeds: ...... On each Distribution Date, Principal Proceeds (other than Principal
Proceeds reinvested or intended to be reinvested by the Collateral
Manager in Substitute Collateral Debt Obligations) will be distributed
in the following order of priority:
(1) first, to the payment of the amounts referred to in clauses (1),
(2) and (4) through (8) of "—Distributions of Interest Proceeds" above,
in the sequence stated therein and only to the extent not paid in full
thereunder, and second, to the payment of the amounts referred to in
clause (9) of "—Distributions of Interest Proceeds" above but only to
the extent not paid in full thereunder and to the extent necessary to
cause the Class A Coverage Tests to be met as of the related
Determination Date on a pro forma basis after giving effect to any
payments made through this clause (1);
(2) to the payment of the amounts referred to in clause (11) of
"—Distributions of Interest Proceeds" above but only to the extent not
paid in full thereunder and to the extent necessary to cause the Class B
Coverage Tests to be met as of the related Determination Date on a pro
forma basis after giving effect to any payments made through this
clause (2);
(3) to the payment of the amounts referred to in clause (13) of
"—Distributions of Interest Proceeds" above but only to the extent not
paid in full thereunder and to the extent necessary to cause the Class C
Coverage Tests to be met as of the related Determination Date on a pro
forma basis after giving effect to any payments made through this
clause (3);
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