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

(4) to the payment of the amounts referred to in clause (10) of
"—Distributions of Interest Proceeds" above but only to the extent not
paid in full thereunder and only to the extent that all of the Coverage
Tests would be satisfied on a pro forma basis after giving effect to any
payments made through this clause (4);
(5) to the payment of the amounts referred to in clause (12) of
"—Distributions of Interest Proceeds" above but only to the extent not
paid in full thereunder and only to the extent that all of the Coverage
Tests would be satisfied on a pro forma basis after giving effect to any
payments made through this clause (5);
(6) (i) if such Distribution Date is a Redemption Date, to make
payments in accordance with the Note Payment Sequence, and (ii) on
any other Distribution Date, to make payments in the amount of the
Special Redemption Amount, if any, at the election of the Collateral
Manager, either (x) in accordance with the Note Payment Sequence or
(y) if, on the related Determination Date, the Pro Rata Special
Redemption Conditions are satisfied, (A) first, to the payment of the
Aggregate Outstanding Amounts of each Class of the Notes on a pro
rata basis according to the respective Aggregate Outstanding Amounts
thereof, until the Aggregate Outstanding Amount of the Class A-1
Notes is reduced to U.S.$180,000,000, and (B) second, in accordance
with the Note Payment Sequence thereafter;
(7) (i) during the Reinvestment Period, all remaining funds will be
allocated to the Principal Collection Account for the acquisition of
Substitute Collateral Debt Obligations and (ii) after the Reinvestment
Period in the case of Unscheduled Principal Payments and Sale
Proceeds of Credit Risk Obligations and Credit Improved Obligations
received during the related Due Period, at the sole discretion of the
Collateral Manager and in accordance with the Reinvestment Criteria
and subject to the Additional Reinvestment Conditions, to the Principal
Collection Account for the acquisition of additional Collateral Debt
Obligations;
(8) after the Reinvestment Period, to make payments in
accordance with the Note Payment Sequence;
(9) to the payment of the amounts referred to in clauses (14) and
(17) through (19) of "—Distributions of Interest Proceeds" above, in
the sequence stated therein and only to the extent not paid in full
thereunder;
(10) to the payment of the Collateral Management Incentive Fees,
if any; and
(11) any remaining funds shall 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).
Management Fee: .................................... The management fee consists of, on each Distribution Date:
(i) a Base Collateral Management Fee in an amount equal to the
Base Collateral Management Fee Rate per annum of the Principal
Collateral Value;
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