GoldenTree Loan Opportunities III, Limited - Irish Stock Exchange

(iii) to the payment of accrued and unpaid interest and any Deferred
Interest on the Class B Notes until such amounts have been paid in full;
(iv) to the payment of principal of the Class B Notes until such amount
has been paid in full;
(v) to the payment of accrued and unpaid interest and any Deferred
Interest on the Class C Notes until such amounts have been paid in full;
(vi) to the payment of principal of the Class C Notes until such amount
has been paid in full;
(vii) to the payment of accrued and unpaid interest and any Deferred
Interest on the Class D Notes until such amounts have been paid in full;
and
(viii) to the payment of principal of the Class D Notes until such
amount has been paid in full.
Note Payment Sequence—Senior
Class A
The "Note Payment Sequence—Senior Class A" shall be the
application, in accordance with the priority of payments, of Interest
Proceeds or Principal Proceeds, as applicable, pro rata to the Class A-
1A Notes and the Class A-1B Notes (with the Class A-1A-S Notes and
the Class A-1A-J considered as one subclass and the Class A-1B-S
Notes and the Class A-1B-J Notes considered together as a second
subclass) based on the aggregate outstanding principal amounts of such
Classes (other than the Class A-1A-S Notes) and the Class A-1A-S
Committed Amount, and within the subclasses as follows:
In the case of the Class A-1A-S Notes and the Class A-1A-J Notes:
(i) to the payment of the Class A-1A-S Committed Amount until
such amount has been paid in full; and then
(ii) to the payment of principal of the Class A-1A-J Notes until
such amount has been paid in full; and
In the case of the Class A-1B-S Notes and the Class A-1B-J Notes:
(i) to the payment of the principal of the Class A-1B-S Notes
until such amount has been paid in full; and then
(ii) to the payment of principal of the Class A-1B-J Notes until
such amount has been paid in full
Management Fees:
The Management Fee consists of, on each Payment Date:
(i) a Base Management Fee in the amount of 0.25% per annum of the
Fee Basis Amount; and
(ii) a Subordinated Management Fee in the amount of 0.50% per
annum of the Fee Basis Amount;
14