Application of Guaranteed Interest Amounts Deemed Paid. Guaranteed Interest Amounts deemed to be paid by the Guarantor on any Payment Date will be applied in the following order of priority: (i) first, in satisfaction of any Borrower shortfalls in the Interest Distribution Amount with respect to Component 1 on such Payment Date (such amount in this clause (i), “Guaranteed Interest Amounts (Component 1)”) and (ii) second, any remaining amounts (the “Guaranteed Excess Interest Amounts”) as a pro rata payment of principal on Component 1 and Component 2 (based on the Initial Percentage Interest Distribution Methodology) on such Payment Date, in each case after giving effect to the Priority of Payments. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.
Application of Guaranteed Interest Amounts Deemed Paid. Guaranteed Interest Amounts deemed to be paid by the Guarantor on any Payment Date will be applied in the following order of priority: (i) first, in satisfaction of any Borrower shortfalls in the Interest Distribution Amount with respect to Component 1 on such Payment Date (such amount in this clause (i), “Guaranteed Interest Amounts (Component 1)”) and (ii) second, any remaining amounts (the “Guaranteed Excess Interest Amounts”) as a pro rata payment of principal on Component 1 and Component 2 (based on the Initial Percentage Interest Distribution Methodology) on such Payment Date, in each case after giving effect to the Priority of Payments.
