Untitled - Irish Stock Exchange

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INDEX OF DEFINED TERMS The following is an index of certain defined terms used in this Offering Circular and the page number where each definition appears. Defined Terms Page No. 1990 Act .............................................................................................................................................................. 46 Acceleration Notice.............................................................................................................................................. 82 Additional Junior Securities.................................................................................................................................. 73 Adjusted Outstanding Principal Amount............................................................................................................... 73 Administrative Agent ........................................................................................................................................... 73 Administrative Expenses ...................................................................................................................................... 82 Advance Amount ............................................................................................................................................11, 64 Advance Rate....................................................................................................................................................... 11 Affiliate ................................................................................................................................................ 73, 167, 196 Approved Counterparty...............................................................................................................................167, 196 Approved Dealer................................................................................................................................. 167, 196, 197 Approved <strong>Exchange</strong>....................................................................................................................................167, 197 Approved Industry ......................................................................................................................................167, 197 Approved Investment Banking Firm .................................................................................................... 167, 168, 197 Approved Investment Banking Firms.................................................................................................................... 30 Approved Pricing Service............................................................................................................................168, 197 Approved Source ........................................................................................................................................168, 197 Approved Third-Party Appraisal............................................................................................................ 30, 168, 197 Approved Third-Party Appraiser ......................................................................................................... 168, 197, 198 Asset Category............................................................................................................................................158, 187 Asset Category A-1 Investments..................................................................................................................159, 187 Asset Category A-2 Investments..................................................................................................................159, 187 Asset Category A-3 Investments..................................................................................................................159, 187 Asset Category A-4 Investments......................................................................................................................... 187 Asset Category B-1 Investments..................................................................................................................159, 187 Asset Category B-2 Investments..................................................................................................................159, 187 Asset Category C-1 Investments..................................................................................................................159, 187 Asset Category C-2 Investments..................................................................................................................159, 188 Asset Category C-3 Investments..................................................................................................................159, 188 Asset Category D-1 Investments..................................................................................................................159, 188 Asset Category D-2 Investments..................................................................................................................159, 188 Asset Category D-3 Investments..................................................................................................................159, 188 Asset Category E-1 Investments ..................................................................................................................159, 188 Asset Category E-2 Investments ..................................................................................................................159, 188 Asset Category E-3 Investments ..................................................................................................................159, 188 Asset Category F-1 Investments ..................................................................................................................159, 188 Asset Category F-2 Investments ..................................................................................................................160, 188 Asset Category F-3 Investments ..................................................................................................................160, 188 Asset Category G-1 Investments..................................................................................................................160, 188 Asset Category G-10 Investments................................................................................................................160, 189 Asset Category G-2 Investments..................................................................................................................160, 188 Asset Category G-3 Investments..................................................................................................................160, 188 Asset Category G-4 Investments..................................................................................................................160, 189 Asset Category G-5 Investments..................................................................................................................160, 189 Asset Category G-6 Investments..................................................................................................................160, 189 Asset Category G-7 Investments..................................................................................................................160, 189 Asset Category G-8 Investments..................................................................................................................160, 189 135
Asset Category G-9 Investments..................................................................................................................160, 189 Asset Category H Investments.....................................................................................................................160, 189 Asset Category I-1 Investments ...................................................................................................................160, 189 Asset Category I-2 Investments ...................................................................................................................160, 189 Asset Category I-3 Investments ...................................................................................................................161, 189 Asset Category J-1 Investments...................................................................................................................161, 189 Asset Category J-2 Investments...................................................................................................................161, 189 Asset Category J-3 Investments...................................................................................................................161, 189 Asset Group........................................................................................................................................................... 1 Asset Groups.......................................................................................................................................................... 1 Asset-Backed Security ................................................................................................................................168, 198 Bank Loan and High Yield Group ........................................................................................................................ 84 Bank Loan Participation ..............................................................................................................................168, 198 Bank Loans............................................................................................................................................. 1, 168, 198 Bankruptcy Remote Entity ................................................................................................................................. 169 Base Management Fee.....................................................................................................................................18, 92 Base Rate............................................................................................................................................................. 51 Base Rate Reference Bank.................................................................................................................................... 51 Benefit Plan Investor ....................................................................................................................111, 112, 116, 128 BlackRock ....................................................................................................................................................1, 4, 84 Borrowing Base ..................................................................................................................................................... 3 Borrowing Base Deficiency................................................................................................................... 12, 169, 198 Breakage Costs .................................................................................................................................................... 73 Business Day ....................................................................................................................................................... 74 Busted Convertible Bond.............................................................................................................................169, 198 Call Date.............................................................................................................................................................. 75 Capital <strong>Stock</strong>...............................................................................................................................................169, 198 Cash............................................................................................................................................................169, 198 Cash Equivalents.........................................................................................................................................169, 198 CDO ...............................................................................................................................................................86, 91 CDO Debt Securities...................................................................................................................................170, 199 CDO Equity Securities ................................................................................................................................170, 200 CDO Securities ..................................................................................................................................... 25, 170, 200 CDS Transaction.........................................................................................................................................170, 200 Certificated Income Notes ...............................................................................................................................19, 55 Certificated Notes ................................................................................................................................................ 55 CFC................................................................................................................................................................... 122 Class B Advance Amount............................................................................................................................170, 200 Class B Advance Amounts ..............................................................................................................................11, 64 Class B Advance Rates......................................................................................................................................... 11 Class B Blockage Notice ...................................................................................................................................... 59 Class B Blockage Notice Date.............................................................................................................................. 59 Class B Blockage Period ...................................................................................................................................... 59 Class B Non-Payment Default .............................................................................................................................. 59 Class B Notes......................................................................................................................................................... 1 Class B Over-Collateralization Test..............................................................................................158, 171, 187, 200 Class B Payment Default...................................................................................................................................... 58 Class C Advance Amount............................................................................................................................170, 200 Class C Advance Amounts ..............................................................................................................................11, 64 Class C Advance Rates......................................................................................................................................... 11 Class C Blockage Notice ...................................................................................................................................... 60 Class C Blockage Notice Date.............................................................................................................................. 60 Class C Blockage Period ...................................................................................................................................... 60 Class C Non-Payment Default .............................................................................................................................. 60 Class C Notes......................................................................................................................................................... 1 Class C Over-Collateralization Test..............................................................................................158, 171, 187, 200 136
Page 1 and 2:
If you are not the intended recipie
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THE NOTES HAVE NOT BEEN APPROVED OR
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prepared by the Income Notes Issuer
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NOTICE TO CONNECTICUT RESIDENTS THE
Page 9 and 10:
IN ANOTHER RELEVANT MEMBER STATE AN
Page 11 and 12:
SECURITIES LAWS OF HONG KONG, NO PE
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NOTICE TO RESIDENTS OF THE KINGDOM
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generally to subscribe for or other
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TABLE OF CONTENTS SUMMARY OF TERMS.
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SUMMARY OF TERMS The following summ
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to a transfer of Underlying Income
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Date will be required to provide th
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RISK FACTORS An investment in the N
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Expenses") will be payable by the I
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If any the Notes to be redeemed are
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In addition, all or a portion of an
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(c) the Issuer or the Income Notes
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shall send such notice to each Note
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Irish Paying Agents If and for so l
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Limited will act as the administrat
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educe the amount available to make
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(c) certificates evidencing the Not
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The Notes sold in the United States
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European Economic Area In relation
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Payments on a Global Note will be m
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TRANSFER AND OWNERSHIP RESTRICTIONS
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Certificated Notes, the transferee
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Code), subject to Section 4975 of t
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LISTING AND GENERAL INFORMATION 1.
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INDEX OF DEFINED TERMS Following is
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U.S. Dollars.......................
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Income Notes Offering Circular Exhi
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THE NOTES HAVE NOT BEEN APPROVED OR
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the headings "Risk Factors—Confli
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NOTICE TO RESIDENTS OF BAHRAIN NO P
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OTHERWISE TRANSFER, DIRECTLY OR IND
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APPLIES; AND (C) IN COMPLIANCE WITH
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WITHIN THE MEANING OF RELEVANT SECU
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TABLE OF CONTENTS Page EXECUTIVE SU
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It is anticipated that upon consumm
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SUMMARY OF MATERIAL TERMS OF THE NO
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Payment of principal, premium (if a
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Merrill Lynch, Pierce, Fenner & Smi
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(or any other date, subject to the
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C Advance Amounts"), (D) the Senior
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therein) shall have occurred and be
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the payment of such interest for al
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financial statements for the first
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Listing ...........................
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RISK FACTORS An investment in the N
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High Yield Investments. A substanti
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eing negotiated, approved by the cr
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Leveraged Capital Structure The Iss
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Holders of the Senior Indebtedness,
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commencing an involuntary case or p
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Equity Characteristic of Income Not
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for the Issuer at a set price and p
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The Issuer is also authorized to en
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Lender Liability Considerations and
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Manager cannot be relied upon as an
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Section 3(14) of ERISA) or "disqual
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given to the Issuer, any charge con
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DESCRIPTION OF THE NOTES This descr
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Indebtedness, the Class B Notes, th
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Asset Valuation: The Investment Man
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Cancellation All Notes that are red
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In case any such mutilated, defaced
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distributions to the Subordinated I
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or the Trustee on account of princi
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Indebtedness. The security interest
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"Reporting Date" means the Thursday
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under and as defined in the Credit
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Consolidations, Mergers and Sales o
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(if any) on the Rated Notes or to e
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Outstanding Principal Amount thereo
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interpolation of the next shorter a
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"Required Holders" means, at any ti
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Eurodollar Rate Loan (as defined in
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DESCRIPTION OF THE PLEDGE AND INTER
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Third: to (i) principal then due an
Page 161 and 162: THE INVESTMENT MANAGER The informat
Page 163 and 164: (v) use of advanced hedging techniq
Page 165 and 166: Baumgarten earned a B.S. in economi
Page 167 and 168: Keith T. Anderson, Managing Directo
Page 169 and 170: DESCRIPTION OF THE INVESTMENT MANAG
Page 171 and 172: affiliates may have a potentially c
Page 173 and 174: General THE ISSUERS The Issuer is a
Page 175 and 176: offer and sale of the Rated Notes.
Page 177 and 178: Investment Grade" means unrated deb
Page 179 and 180: PLAN OF DISTRIBUTION General The Is
Page 181 and 182: Prior to the sale of any Rated Note
Page 183 and 184: SETTLEMENT AND CLEARING Global Note
Page 185 and 186: Certificates for Rated Notes issued
Page 187 and 188: none of the Issuers, the Initial Pu
Page 189 and 190: THIS NOTE HAS BEEN ISSUED WITH "ORI
Page 191 and 192: elow and be represented by one or m
Page 193 and 194: IF THE TRANSFER OF THIS NOTE IS TO
Page 195 and 196: INCOME TAX CONSIDERATIONS General T
Page 197 and 198: dividends and certain other U.S. so
Page 199 and 200: dividends paid to a U.S. Holder who
Page 201 and 202: U.S. federal income tax purposes, e
Page 203 and 204: donee/successor) or (ii) if the Not
Page 205 and 206: PRIOR TO MAKING AN INVESTMENT IN TH
Page 207 and 208: MARGIN STOCK Lenders (other than se
Page 209 and 210: LISTING AND GENERAL INFORMATION 1.
Page 211: LEGAL MATTERS Certain U.S. legal ma
Page 215 and 216: Emerging Market Bond ..............
Page 217 and 218: Other Investment Vehicles .........
Page 219 and 220: Telerate Page 3750.................
Page 221 and 222: Senior Over-Collateralization Test
Page 223 and 224: Asset Category Moody's Advance Rate
Page 235 and 236: Notwithstanding the foregoing, for
Page 237 and 238: "Asset Category F-2 Investments" me
Page 239 and 240: SECTION 2. Determination of Fund In
Page 241 and 242: Structured Product Transactions in
Page 243 and 244: Firm or an Approved Third-Party App
Page 245 and 246: designated by the Issuer in writing
Page 247 and 248: (v) (vi) shares of any money market
Page 249 and 250: country identified by the Issuer fr
Page 251 and 252: "Investment Manager" means BlackRoc
Page 253 and 254: issuer are unqualified and certifie
Page 255 and 256: "Rated Note" means the Class B Note
Page 257 and 258: "Swap Transaction" means: (i) any r
Page 259 and 260: Senior Over-Collateralization Test
Page 261 and 262: Class C Over-Collateralization Test
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Class E Over-Collateralization Test
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"Asset Category C-2 Investments" me
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(i) (ii) (iii) (iv) with respect to
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(ix) (x) (xi) (xii) (xiii) (xiv) (x
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(xix) (xx) (xxi) [Reserved]; (A) th
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terminated or liquidated early in a
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Credit Agreement (or (x) any succes
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similar designation the payment of
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suffered a ratings downgrade shall
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Securities Act (or any successor pr
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"Reporting Date" means the Thursday
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"Senior Advance Amount" means the S
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Schedule A Structured Finance Oblig
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5. CBO/CLO CASHFLOW SECURITIES -1 -
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PRINCIPAL OFFICES OF ISSUERS BlackR
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