Gresham Capital CLO IV B.V. - Irish Stock Exchange

€75,000,000 Class A1B Senior Secured Floating Rate Notes due
2023 (including any Class A1B Refinancing Notes issued as
described herein, the “Class A1B Notes”);
€48,800,000 Class A2 Senior Secured Floating Rate Notes due
2023 (the “Class A2 Notes” and, together with the Class A1A
Notes and the Class A1B Notes, the “Class A Notes” or the
“Senior Notes”);
€24,130,000 Class B Deferrable Secured Floating Rate Notes due
2023 (the “Class B Notes”);
€21,900,000 Class C Deferrable Secured Floating Rate Notes due
2023 (the “Class C Notes”);
€22,020,000 Class D Deferrable Secured Floating Rate Notes due
2023 (the “Class D Notes”);
€10,780,000 Class E Deferrable Secured Floating Rate Notes due
2023 (the “Class E Notes” and, together with the Senior Notes, the
Class B Notes, the Class C Notes and the Class D Notes, the
“Rated Notes” ); and
€32,800,000 Class N Subordinated Notes due 2023 (the “Class N
Notes”).
The Rated Notes and the Class N Notes are together referred to as
the “Notes” and any one class of Notes being a “Class”.
Status of the Notes: .................................
Each Class of Notes are secured limited recourse debt obligations
of the Issuer and each Note of a specific Class ranks pari passu
with each of the other Notes of such Class. Subject as provided
below, the Class A1A Notes and the Class A1B Notes rank pari
passu amongst themselves and senior in respect of the Class A2
Notes.
Subject as provided below, payments of principal on each Payment
Date rank in the following order of priority: (i) the Class A1A
Notes and Class A1B Notes, pari passu; (ii) the Class A2 Notes;
(iii) the Class B Notes; (iv) the Class C Notes; (v) the Class D
Notes; (vi) the Class E Notes and (vii) the Class N Notes.
Subject as provided below, payments of interest on each Payment
Date rank in the following order of priority: (i) the Class A1A
Notes, including any Commitment Fee and Break Costs (other than
in respect of any Class A1A Increased Margin) and Class A1B
Notes, pari passu; (ii) the Class A2 Notes; (iii) the Class B Notes;
(iv) the Class C Notes; (v) the Class D Notes; (vi) the Class E
Notes and (vii) the Class N Notes.
In the case of the redemption of the Notes pursuant to Condition
7(b) (Optional Redemption) and after enforcement of the security
over the Collateral, the Senior Notes rank pari passu amongst
themselves.
Notwithstanding the above, where interest is paid on the Class N
Notes from amounts standing to the credit of the Collateral
Enhancement Account which have been (i) transferred to the
Collateral Enhancement Account in accordance with Condition
3(c)(i)(HH); or (ii) credited to the Collateral Enhancement Account
as amounts representing Sale Proceeds of Collateral Enhancement
Securities, such payments of interest on the Class N Notes will not
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