…each Class of Rated Notre. On each Distribution Date, the Subordinated Securities will be entitled to receive any Excess Interest under the Priority of Payments. The payment of interest on Deferrable Classes and distributions on the Subordinated Securities will be subject to, among other things, the satisfaction of certain coverage tests in addition, the Investment Manager may direct the issuer to designate a portion of interest Proceeds that would otherwise be available for payment on the Subordinated Securities to be…