(c) For purposes of determining whether Unscheduled Principal Payments and Sale
Proceeds of Credit Risk Obligations are available for reinvestment on any Distribution Date after
the Reinvestment Period, Principal Proceeds of all other types will be deemed to be distributed
under the Priority of Principal Proceeds prior to the distribution of Unscheduled Principal
Payments and Sale Proceeds of Credit Risk Obligations on such Distribution Date.
(d) If the Issuer has entered into a binding commitment to acquire an asset prior to the
end of the Reinvestment Period (regardless of whether the allocated principal amount of such
asset is known or whether the trade date of such acquisition falls prior to the end of the
Reinvestment Period), such asset will be treated as having been purchased by the Issuer prior to
the end of the Reinvestment Period for purposes of the Reinvestment Requirements.
LNG IM CLO 2011-1
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056138
CONFIDENTIAL SDNY GM_00202322
EFTA01365409