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

payments except the portion thereof that constitutes an accrued scheduled payment due in respect of such
Distribution Date, or (ii) Currency Hedge Principal Exchange Receipts) received by the Issuer pursuant to any
Hedge Agreement;
(f) an amount equal to the U.S. dollars received by the Issuer during the related Due Period in connection
with the conversion of the Permitted Currencies at the direction of the Collateral Manager, but only to the extent
that the amounts so converted would have been considered Interest Proceeds under items (a) or (b) above if they
had been denominated in U.S. dollars;
(g) all amounts deposited in the Interest Collection Account from the Currency Account pursuant to the
Indenture;
(h) on the initial Distribution Date, all or a portion of the amounts then on deposit in the Interest Reserve
Account designated by the Collateral Manager, in its sole discretion, as Interest Proceeds; and
(i) after the Effective Date, all or any portion of the amounts on deposit in the Proceeds Account from
time to time designated by the Collateral Manager, in its sole discretion, as Interest Proceeds; provided that any
such amount so designated will not, on a cumulative basis, exceed U.S.$2,000,000.
Notwithstanding the foregoing, Interest Proceeds will not include (i) interest received by or on behalf of the
Issuer in respect of any investments or funds on deposit in the Swap Counterparty Collateral Account, the Hedge
Collateral Account, the Securities Lending Account or the Currency Account, (ii) payments received by or on behalf
of the Issuer in respect of Non-USD Debt Obligations deposited in the Currency Account or (iii) the Excepted
Property or any proceeds therefrom.
"Principal Proceeds" means, with respect to any Distribution Date, the sum of (without duplication) the
following, in each case to the extent received (or to which the Collateral Manager or the Trustee reasonably believes
will be received) in cash in U.S. dollars by or on behalf of the Issuer or the Trustee during the related Due Period:
(a) all payments (including Unscheduled Principal Payments) and other payments received in respect of
Collateral Debt Obligations, Defaulted Obligations, Eligible Investments and Equity Securities that are not
Interest Proceeds;
(b) the portion of all amendment and waiver fees, late payment fees, commitment fees with respect to
Delayed Draw Term Loans and other fees and commissions received (other than syndication, facility or other
up front fees) in cash by the Issuer during the related Due Period in connection with the Collateral Debt
Obligations and Eligible Investments (excluding fees and commissions received in connection with a Defaulted
Obligation, up to the principal amount thereof) not deemed to be "Interest Proceeds" by the Collateral Manager
(in its sole discretion);
(c) all Sale Proceeds in respect of Collateral Debt Obligations, Defaulted Obligations, Eligible
Investments, Equity Workout Securities and Equity Securities that are not Interest Proceeds;
(d) all amounts on deposit in the Principal Collection Account and all Eligible Investments in the Principal
Collection Account but excluding interest on such Eligible Investments);
(e) amounts received from a Securities Lending Account or the Securities Lending Counterparty upon a
default of the Securities Lending Counterparty;
(f) amounts received from the Swap Counterparty Collateral Account or the Swap Counterparty upon (i) a
default of the Swap Counterparty or (ii) an early termination or notional reduction of a Swap Agreement;
(g) to the extent not designated as Interest Proceeds, amounts received from the Hedge Counterparty
Collateral Account or the Hedge Counterparty upon (i) a default of the Hedge Counterparty or (ii) an early
termination or notional reduction of a Hedge Agreement;
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