ALBA 2007 â 1 plc - Irish Stock Exchange

More documents

Recommendations

Info

Arrears Balance ..................................................................................................................131 Authorised Denomination .....................................................................................................197 Available Capital Funds..................................................................................................47, 158 Available Commitment .......................................................................................................... 49 Available Revenue Funds....................................................................................................... 44 B Note Principal Deficiency Limit........................................................................................... 53 B Noteholders ..................................................................................................................i, 147 B Notes ..........................................................................................................................i, 147 B Principal Deficiency........................................................................................................... 53 B Principal Deficiency Sub-Ledger.......................................................................................... 53 Bank of England Repo Rate-Linked Mortgage Loans .................................................................. 81 Bank of England Repo Rate-Linked Mortgage Rate.................................................................... 81 Basel II ............................................................................................................................... 37 Basic Terms Modification ...................................................................................... 192, 216, 236 BBR–LIBOR Basis Swap Transaction ...................................................................................... 15 Book-Entry Interests ..............................................................................................................iv Borrowers ........................................................................................................................... 14 BOs.................................................................................................................................... 26 BTL ................................................................................................................................... 84 business day ........................................................................................................ 172, 180, 215 Business Day ................................................................................................ 163, 190, 208, 234 C Note Principal Deficiency Limit .......................................................................................... 53 C Noteholders..................................................................................................................i, 147 C Notes ..........................................................................................................................i, 147 C Principal Deficiency .......................................................................................................... 53 C Principal Deficiency Sub-Ledger.......................................................................................... 53 Calculation Date.................................................................................................ii, 44, 189, 233 Calculation Period ................................................................................................................ 44 Cap Provider .........................................................................................................................v
Cap Provider and Liquidity Facility Provider Information .............................................................v Cap Termination Amounts ..................................................................................................... 45 Cash Management, Master Servicing and Account Bank Agreement ............................................. 12 Cash Manager........................................................................................................................v CCA .................................................................................................................................. 30 CCJs .................................................................................................................................. 26 Charged Assets .................................................................................................................... 13 chargee ............................................................................................................................... 39 class of Instrumentholders ....................................................................................................... ii class of Instruments ............................................................................................................... ii class of Noteholders ..........................................................................................................i, 147 class of Notes ..................................................................................................................i, 147 Clearstream, Luxembourg...................................................................................................... iii CML .................................................................................................................................136 Collection Accounts .............................................................................................................. 14 Collection Accounts Declaration of Trust ............................................................................12, 52 Collection Date .................................................................................................................... 43 Collection Period.................................................................................................................. 43 Co-Manager .........................................................................................................................iv Committed Further Advances ..........................................................................................46, 157 Committed Ported Mortgage Loans ..................................................................................47, 158 Common Depositary ............................................................................................................. iii Completion Mortgage Pool ......................................................................................................2 Conditions..........................................................................................................................148 Consumer Credit Act 2006..................................................................................................... 36 Converted Mortgage Loan ....................................................................................................132 core terms ........................................................................................................................... 33 Corporate Services Agreement ................................................................................................ 12 Corporate Services Provider....................................................................................................iv
Page 1 and 2:
ALBA 2007 - 1 plc (Incorporated in
Page 3 and 4:
As a condition to the issue of the
Page 5 and 6:
PLC (in its capacity as account ban
Page 7 and 8:
In connection with the issue and di
Page 9 and 10:
SUMMARY INFORMATION This summary mu
Page 11 and 12:
(a) (b) (c) the Completion Mortgage
Page 13 and 14:
A2 Notes will rank in priority to t
Page 15 and 16:
Noteholders and (iii) limiting the
Page 17 and 18:
Principal Amount Outstanding togeth
Page 19 and 20:
applicable, subject to the payment
Page 21 and 22:
Agreement, the Cash Management, Mas
Page 23 and 24:
Loans to the extent they accrue a f
Page 25 and 26:
RISK FACTORS The following is a sum
Page 27 and 28:
described in the previous sentence
Page 29 and 30:
the Mortgage Rate for each of which
Page 31 and 32:
Payments. The actual lives of the M
Page 33 and 34:
status, repayment ability, debt-to
Page 35 and 36:
There are concentrations of Propert
Page 37 and 38:
and the right of the relevant Borro
Page 39 and 40:
contracts) has to be issued or appr
Page 41 and 42:
No assurance can be given that chan
Page 43 and 44:
introduce alternative penalties for
Page 45 and 46:
unforeseen taxable profits in the I
Page 47 and 48:
company which is a party to an arra
Page 49 and 50:
CREDIT STRUCTURE General The follow
Page 51 and 52:
thereon) other than, following any
Page 53 and 54:
Available Redemption Funds On any P
Page 55 and 56:
(c) the Liquidity Facility is not r
Page 57 and 58:
(d) (e) (f) the aggregate balance o
Page 59 and 60:
(d) fourth, to the C Principal Defi
Page 61 and 62:
In the event that the long-term, un
Page 63 and 64:
the calculation period applicable t
Page 65 and 66:
Assets except to the extent of any
Page 67 and 68:
(B) (C) the special servicing fee d
Page 69 and 70:
(xii) (xiii) (xiv) (xv) (xvi) (xvii
Page 71 and 72:
(vii) (viii) (ix) seventh, pari pas
Page 73 and 74:
credit of the Reserve Ledger to the
Page 75 and 76:
elated rights and powers, and other
Page 77 and 78:
CAPITALISATION STATEMENT The follow
Page 79 and 80:
THE SERVICER Homeloan Management Li
Page 81 and 82:
THE ACCOUNT BANK AND THE GIC PROVID
Page 83 and 84:
THE INTEREST RATE SWAP COUNTERPARTY
Page 85 and 86:
THIRD PARTY INFORMATION The informa
Page 87 and 88:
insurance or endowment policy or ot
Page 89 and 90:
Approximately 49.74 per cent. by lo
Page 91 and 92:
• Investment properties (resident
Page 93 and 94:
• Reference from current landlord
Page 95 and 96:
• Properties under 10 years old w
Page 97 and 98:
(a) (b) CCJs/Defaults will only be
Page 99 and 100:
CHARACTERISTICS OF THE PRELIMINARY
Page 101 and 102:
Distribution by Current Loan to Val
Page 103 and 104:
Distribution by Property Type Curre
Page 105 and 106:
19. Distribution by Current Margin
Page 107 and 108:
Distribution by Discount over Rever
Page 109 and 110:
Distribution of Early Redemption Ch
Page 111 and 112:
Distribution by Original Loan to Cu
Page 113 and 114:
9. Shared Ownership Status Shared O
Page 115 and 116:
17. Distribution by Arrears Multipl
Page 117 and 118:
24. Distribution by Interest Rate f
Page 119 and 120:
Section C: Non-Conforming Mortgage
Page 121 and 122:
Distribution by Total Number of Cou
Page 123 and 124:
Distribution by Region Current Bala
Page 125 and 126:
20. Distribution by Stabilised Marg
Page 127 and 128:
27. Distribution of Early Redemptio
Page 129 and 130:
companies and the Seller (or GMAC-R
Page 131 and 132:
1. Lending Criteria Subject to GMAC
Page 133 and 134:
SERVICING AND SPECIAL SERVICING OF
Page 135 and 136:
The Servicer is, under the Servicin
Page 137 and 138:
(m) (n) (o) (p) (q) (r) (s) (t) (u)
Page 139 and 140:
(k) (l) (m) (n) the total balance o
Page 141 and 142:
(o) (p) (q) the balance of the Port
Page 143 and 144:
Any credit agreement intended to be
Page 145 and 146:
Arrears must be dealt with sympathe
Page 147 and 148:
(p) (q) (r) (s) interest on the Not
Page 149 and 150:
Weighted Average Life of D Notes in
Page 151 and 152:
SUMMARY OF PROVISIONS RELATING TO T
Page 153 and 154:
TERMS AND CONDITIONS OF THE NOTES T
Page 155 and 156:
In accordance with this Condition 2
Page 157 and 158:
(g) (h) (i) (j) (k) (l) (m) (n) (o)
Page 159 and 160:
(A) (B) (C) (D) (E) other than in r
Page 161 and 162:
(xxi) (xxii) twenty-first, to pay a
Page 163 and 164:
E = the aggregate Principal Amount
Page 165 and 166:
Contract and the Corporate Services
Page 167 and 168:
(a) (b) amounts (other than in resp
Page 169 and 170:
The Trustee shall not be responsibl
Page 171 and 172:
(e) the Rate of Interest for any In
Page 173 and 174:
(i) (ii) in the event that the aggr
Page 175 and 176:
amount of any Note Principal Paymen
Page 177 and 178:
All of the B Noteholders and/or the
Page 179 and 180:
Condition 8: Taxation All payments
Page 181 and 182:
of such Noteholders of the relevant
Page 183 and 184:
authorisation of any breach or prop
Page 185 and 186:
No rights are conferred on any thir
Page 187 and 188:
TERMS AND CONDITIONS OF THE MERCs T
Page 189 and 190:
(i) (ii) (iii) a first fixed charge
Page 191 and 192:
provided by the Cross Currency Swap
Page 193 and 194:
to do so by the holders of at least
Page 195 and 196:
Sunday on which banks are open for
Page 197 and 198:
such MERCs, the alteration of the m
Page 199 and 200:
tax) which would not be suffered we
Page 201 and 202:
TERMS AND CONDITIONS OF THE SUBORDI
Page 203 and 204: Subordinated Notes scheduled to the
Page 205 and 206: and/or the Issuer Security Deed tog
Page 207 and 208: (vii) (viii) (ix) (x) (xi) (xii) (x
Page 209 and 210: Agreements, the Paying Agents, the
Page 211 and 212: (xii) (xiii) twelfth, to pay pari p
Page 213 and 214: In giving any consent to the forego
Page 215 and 216: LIBOR in effect for the Interest Pe
Page 217 and 218: (a) Final Redemption of the Subordi
Page 219 and 220: close of business on the sixth Busi
Page 221 and 222: indemnified and/or secured to its s
Page 223 and 224: Trustee will not be responsible for
Page 225 and 226: (b) Notwithstanding the other provi
Page 227 and 228: TERMS AND CONDITIONS OF THE R CERTI
Page 229 and 230: As security for the payment of all
Page 231 and 232: (B) (C) (D) amounts due and payable
Page 233 and 234: Mortgage Loans at the end of the pr
Page 235 and 236: (vii) seventh, to pay pro rata and
Page 237 and 238: (b) Restrictions on Activities (i)
Page 239 and 240: (c) Determination and Calculation b
Page 241 and 242: adjourned meeting, two or more pers
Page 243 and 244: If Definitive R Certificates are is
Page 245 and 246: UNITED KINGDOM TAXATION The followi
Page 247 and 248: EU DIRECTIVE ON THE TAXATION OF SAV
Page 249 and 250: or other person to which it sells t
Page 251 and 252: GENERAL INFORMATION 1. The issue of
Page 253: GLOSSARY £ .......................
Page 257 and 258: E Principal Deficiency.............
Page 259 and 260: Interest Only Mortgage Loan........
Page 261 and 262: Noteholders .......................
Page 263 and 264: Receiptholders ....................
Page 265 and 266: Subordinated Noteholders ..........
show all

ALBA 2007 â 1 plc - Irish Stock Exchange

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?

ALBA 2007 â 1 plc - Irish Stock Exchange