GoldenTree Loan Opportunities III, Limited - Irish Stock Exchange

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Sequence (without payment of any make-whole amount) to the extent necessary to achieve compliance with such Coverage Tests. Required Overcollateralization Class Ratio A 118.8% B 112.8% C 105.1% D 102.6% Required Interest Coverage Class Ratio A 120.0% B 115.0% C 110.0% D 105.5% The "Overcollateralization Ratio" is, with respect to any specified Class or Classes of Secured Notes as of the Closing Date or any Measurement Date thereafter, the percentage derived from: a) the Adjusted Collateral Principal Amount; divided by b) the aggregate outstanding principal amounts of the Secured Notes of such Class or Classes, each priority class of Secured Notes and each pari passu Class of Secured Notes; provided, that for purposes of determining the Overcollateralization Ratio, the aggregate outstanding principal amount of the Class A- 1A-S Notes will include an amount (in addition to the amount thereof) equal to all unfunded commitments that have not been irrevocably reduced in respect of all Delayed Drawdown Collateral Obligations and Revolving Collateral Obligations less amounts on deposit in the Revolver Funding Account. 26
The "Interest Coverage Ratio" for any designated Class or Classes of Secured Notes, as of any date of determination, is the percentage derived from: The Collateral Interest Amount as of such date of determination minus Amounts payable (or expected as of the date of determination to be payable) on the following Payment Date as set forth in clauses (A), (B) and (C) and, with respect to the Interest Coverage Ratio for the Class B Notes, the Class C Notes and the Class D Notes, as set forth in clause (G)(1) under "Summary of Terms—Priority of Payments— Application of Interest Proceeds" divided by Amounts payable (or expected as of the date of determination to be payable) on the following Payment Date as set forth in clause (D) under "Summary of Terms—Priority of Payments— Application of Interest Proceeds" plus Interest (and with respect to the Class A-1A-S Notes, Commitment Fee Amount) due and payable on the Secured Notes of such Class or Classes and each Class of Secured Notes that rank senior to or pari passu with such Class or Classes (excluding Deferred Interest but including any interest on Deferred Interest with respect to any such Class or Classes) on such Payment Date 27
Page 1 and 2: GoldenTree Loan Opportunities III,
Page 3 and 4: IMPORTANT INFORMATION REGARDING THI
Page 5 and 6: in order to purchase any Offered Se
Page 7 and 8: Notice to residents of the United K
Page 9 and 10: Summary of terms The following summ
Page 11 and 12: 1 2 3 4 5 6 7 Each Class of Offered
Page 13 and 14: Stated Note interest Deferral of in
Page 15 and 16: The Class A-1A-S Notes may be prepa
Page 17 and 18: Collateral Obligations or (2) must
Page 19 and 20: (Q) if either of the Class D Covera
Page 21 and 22: Sales of Collateral Obligations; Ad
Page 23 and 24: in each case as calculated and subj
Page 25 and 26: (xiii) is not a Related Obligation;
Page 27 and 28: insufficient to pay the full amount
Page 29 and 30: The "Minimum Diversity/Maximum Rati
Page 31 and 32: 7.5% All Group II Countries in the
Page 33: such other countries as may be noti
Page 37 and 38: ERISA Additional issuance See "ERIS
Page 39 and 40: obligated to make payments on the O
Page 41 and 42: advance funds to the Issuer as requ
Page 43 and 44: assurance can be given that any suc
Page 45 and 46: amount of payments received by the
Page 47 and 48: Book-Entry holders are not consider
Page 49 and 50: isks than investment grade corporat
Page 51 and 52: In addition, under common law princ
Page 53 and 54: Investing in Structured Finance Obl
Page 55 and 56: improved) in connection with the ac
Page 57 and 58: applicable to such other parties ma
Page 59 and 60: Securities for investment, trading
Page 61 and 62: aggregate amount that will be avail
Page 63 and 64: "London Banking Day" means a day on
Page 65 and 66: conditions described below. Prior t
Page 67 and 68: achieve compliance with such Covera
Page 69 and 70: Payments—Application of Principal
Page 71 and 72: Issuer or the Portfolio Manager or
Page 73 and 74: such supplemental indenture and not
Page 75 and 76: (iii) (iv) (v) (vi) (vii) (viii) (i
Page 77 and 78: Notwithstanding anything herein to
Page 79 and 80: of one or more permanent global not
Page 81 and 82: person who takes delivery in the fo
Page 83 and 84: epaid, from the proceeds of the Ass
Page 85 and 86:
The Secured Notes Ratings of the Se
Page 87 and 88:
The composition of the Collateral O
Page 89 and 90:
Obligation (excluding the unfunded
Page 91 and 92:
(i) (ii) (iii) (iv) (v) An "Issuer
Page 93 and 94:
Minimum Weighted Average Moody's Re
Page 95 and 96:
For purposes of calculating all Con
Page 97 and 98:
compliance with the Concentration L
Page 99 and 100:
(g) The Portfolio Manager shall use
Page 101 and 102:
The Collection and Payment Accounts
Page 103 and 104:
any such Delayed Drawdown Collatera
Page 105 and 106:
certain expenses of the Issuer incu
Page 107 and 108:
Securities lending Unless an Event
Page 109 and 110:
General the Rating Agencies as if s
Page 111 and 112:
place of business is New York, New
Page 113 and 114:
Julia Balanova Research Analyst Pri
Page 115 and 116:
Manhattan Bank. Mr. Fleming receive
Page 117 and 118:
Michael Meyers Portfolio Manager Mi
Page 119 and 120:
Eric Seeve Research Analyst Prior t
Page 121 and 122:
Linda Grillo Head of European Tradi
Page 123 and 124:
implement consistent investment sys
Page 125 and 126:
Michael Winderman Director, Structu
Page 127 and 128:
any action taken by, or any failure
Page 129 and 130:
Issuer, each Rating Agency, each ho
Page 131 and 132:
Subject to the contracting restrict
Page 133 and 134:
The activities of the Administrator
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United States or other countries. G
Page 137 and 138:
For United States federal income ta
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holding or disposing of the Subordi
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A U.S. Holder that makes the QEF el
Page 143 and 144:
Taxation of Non-U.S. Holders of Sub
Page 145 and 146:
• Any such advice is written to s
Page 147 and 148:
the Plan's assets include both the
Page 149 and 150:
influence over the management or po
Page 151 and 152:
Any Plan fiduciary or other person
Page 154 and 155:
Global Secured Notes, Global Compos
Page 156 and 157:
applicable, and that in each case b
Page 158 and 159:
Section 3(c)(7) of the Investment C
Page 160 and 161:
The Subordinated Notes in the form
Page 162 and 163:
each payment date of principal of a
Page 164 and 165:
transferred only (a) to a "qualifie
Page 166 and 167:
“Code”), that is subject to Sec
Page 168 and 169:
purchaser by soliciting one or more
Page 170 and 171:
9. The Secured Notes in certificate
Page 172 and 173:
(ii) the Rating Agencies for fees a
Page 174 and 175:
(i) (ii) the aggregate principal ba
Page 176 and 177:
to the related Payment Date of such
Page 178 and 179:
Obligation has been withdrawn, the
Page 180 and 181:
"Debtor") organized under the laws
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(vi) a Reinvestment Agreement issue
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thereof. Under the Financed Amount
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and the Ramp-Up Account (including
Page 188 and 189:
the sum of all payments of interest
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Moody's credit rating of Selling In
Page 192 and 193:
"Permitted Purchased Defaulted Obli
Page 194 and 195:
"Required Reserve Amount" means, wi
Page 196 and 197:
Long-Term Senior Unsecured Debt Rat
Page 198 and 199:
(ii) each distribution of Principal
Page 200 and 201:
"Type III Class D Note Component" m
Page 202 and 203:
Class A-1A-J Notes.................
Page 204 and 205:
Financed Amount Interest Payment Am
Page 206 and 207:
Note Purchase Agreement............
Page 208 and 209:
Senior Secured Loan................
Page 210 and 211:
Annex A-1 Form of purchaser represe
Page 212 and 213:
a Knowledgeable Employee or a Quali
Page 214 and 215:
Name of Purchaser: Dated: By: Name:
Page 216 and 217:
general account (i.e., the insuranc
Page 218 and 219:
more than 33 1/3% of the Aggregate
Page 220 and 221:
Annex A-3 Form of Purchaser represe
Page 222 and 223:
for its own account; and (vi) it wi
Page 224 and 225:
Name of Purchaser: Dated: By: Name:
Page 226 and 227:
ERISA AND THE REGULATIONS PROMULGAT
Page 228 and 229:
IN WITNESS WHEREOF, the undersigned
Page 230 and 231:
(ii) If not determined pursuant to
Page 232 and 233:
(iii) (iv) (v) With respect to a Co
Page 234 and 235:
(c) with respect to a Collateral Ob
Page 236 and 237:
Group C 17% 17% 17% 17% 17% 17% Sen
Page 238:
PRINCIPAL OFFICE OF ISSUER GoldenTr
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