EFTA01376160.pdf

Minimum Maximum (% of the (% of the Portfolio Portfolio Principal Principal Exceptions and Additional Collateral Tyne Balance) Balance) Requirements (xvi) obligations (other than additional issuances 10 none less than $50 million of obligations by an obligor to a previous issue of obligations) that are part of an issue (which, with respect to Loans, shall mean all tranches under a single credit facility) with an original issuancc amount of less than $100,000.000 (xvii) Cov-Litt Loans 40 (will) Pre-Funded Letters of Credit 2 (b) the total number of different Hedge Counterparties, Securities Lending Counterparties and Selling Institutions currently involved in transactions with the Issuer will not exceed 15. "Controlling Class": So long as any Class A-1 Notes are Outstanding, the Class A-1 Notes; then the Class A-2 Notes, so long as any Class A-2 Notes are Outstanding; then the Class B Notes, so long as any Class B Notes are Outstanding then the Class C Notes, so long as any Class C Notes are Outstanding; then the Class D Notes, so long as any Class D Notes are Outstanding; and then the Subordinated Securities (acting as a single class). "Controlling Party": A Majority of the Controlling Class. "Controlling Person": The meaning specified in Section 2.5(d). "Corporate Trust Office": The principal office of the Trustee at which the Trustee administers its trust activities with respect to this Indenture, currently located at 601 Travis Street, 16'h Floor, Houston, Texas 77002, Attention: Global Corporate Trust - ING N CLO 2011-1, telephone number (713) 483-6000, or such other address as the Trustee may designate from time to time by notice to the Noteholders, the Fiscal Agent, the Investment Manager, any Hedge Counterparty, the Administrator and the Issuer. 15 ING IM CLO 2011-1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072063 CONFIDENTIAL SDNY_GM_00218247 EFTA01376160