The Revolving Reserve Account Upon the purchase of any Collateral Obligation that is a Revolving Loan, at the direction of the Collateral Manager. the Trustee will deposit into and maintain at all times in a separate account (the "Revolving Reserve Account") in an amount at least equal to the Revolving Funding Reserve Amount. After any amount has been deposited into the Revolving Reserve Account. any payment of principal received with respect to any Revolving Loan (other than a Revolving Loan as to which the commitment to extend additional credit has been terminated) will be deposited into the Revolving Resent Account to the extent that such deposit would be required to satisfy. the Revolving Funding Reserve Amount after giving effect to such payment of principal on such Collateral Obligation. The "Revolving Funding Reserve Amount" means an amount equal to the Aggregate Unfunded Amount of all Revolving Loans. The Principal Proceeds so deposited will be considered part of the purchase price of the Revolving Loan for purposes of the Indenture. Any funds in the Revolving Reserve Account will be available solely to cover any drawdowns on or funding of the related Revolving Loans or fund any Optional Redemption, as applicable: provided. however, that any excess of the amounts on deposit in the Revolving Reserve Account over the Revolving Funding Reserve Amount may be transferred to the Collection Account by the Trustee (upon the direction of the Collateral Manager) from time to time as Principal Proceeds, including upon the sale or maturity of a Revolving Loan or the occurrence of an event of default with respect to a Revolving Loan or any other event or circumstance which results in the irrevocable reduction of the Unfunded Portion under such Revol•inng Loan. On the Closing Date. the Issuer will deposit approximately $1,400,000 from the proceeds of the issuance of the Notes into the Revolving Reserve Account. The Expense Reserve Accounts On any Busi