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

“Euro zone” means the region comprised of Member States of the European Union that
have adopted the single currency in accordance with the Treaty establishing the European
Community, as amended by the Treaty on European Union; and
“Class A1B Margin” means 0.23 per cent. per annum.
“Class A2 Margin” means 0.32 per cent. per annum.
“Class B Margin” means 0.42 per cent. per annum.
“Class C Margin” means 0.70 per cent. per annum.
“Class D Margin” means 1.70 per cent. per annum.
“Class E Margin” means 3.95 per cent. per annum.
(ii) Determination of Floating Rate of Interest and Calculation of Interest Amount: The Principal
Paying Agent will, as soon as practicable after 11.00 am (Brussels time) on each Interest
Determination Date, but in no event later than the second Business Day after such date, determine
the Note Interest Rate in respect of and calculate the Interest Amount payable in respect of the
Class A1B Notes, the Class A2 Notes, the Class B Notes, the Class C Notes, the Class D Notes
and the Class E Notes (as applicable) of €1,000 of such Notes for the relevant Interest Accrual
Period. The Interest Amount in respect of the Class A1B Notes, the Class A2 Notes, the Class B
Notes, the Class C Notes, the Class D Notes and the Class E Notes for each Authorised
Denomination shall be calculated by applying the relevant Note Interest Rate of the Class A1B
Notes, the Class A2 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class
E Notes (as applicable) to an amount equal to each such Authorised Denomination, multiplying the
product by the actual number of days in the Interest Accrual Period concerned divided by 360 and
rounding the resultant figure to the nearest cent (half a cent being rounded upwards).
(iii) Reference Banks and Principal Paying Agent: The Issuer shall procure that, so long as any Class
A1B Notes, Class A2 Notes, Class B Notes, Class C Notes, Class D Notes or Class E Notes are
Outstanding:
(A)
(B)
a Principal Paying Agent shall be appointed and maintained for the purposes of
determining the interest rate and interest amount payable in respect of such Outstanding
Classes of Notes, as applicable; and
in the event that the Class A1B Note Interest Rate, Class A2 Note Interest Rate, Class B
Note Interest Rate, Class C Note Interest Rate, Class D Note Interest Rate or Class E Note
Interest Rate is to be calculated by Reference Banks pursuant to Condition 6 (Interest),
that the number of Reference Banks required pursuant to such Condition are appointed.
If the Principal Paying Agent is unable or unwilling to continue to act as the Principal Paying
Agent for the purpose of calculating interest hereunder or fails duly to establish the Class A1B
Note Interest Rate, the Class A2 Note Interest Rate, the Class B Note Interest Rate, the Class C
Note Interest Rate, the Class D Note Interest Rate or the Class E Note Interest Rate for any Interest
Accrual Period or to calculate the Interest Amount on the Notes (other than the Class A1A Notes),
the Issuer shall appoint another financial institution with the ability to provide the services
undertaken by the Principal Paying Agent herein to act as such in its place. The Principal Paying
Agent may not resign its duties without a successor having been so appointed.
(f)
Interest on the Class N Notes: The Collateral Administrator will on each Determination Date calculate
the Interest Amount payable in respect of each €1,000 in original principal amount of the Class N
Notes for the relevant Interest Accrual Period. The Interest Amount so payable on each Payment Date
(other than on a Redemption Date or the Maturity Date of the Class N Notes) in respect of each €1,000
in original principal amount of Class N Notes shall be calculated by multiplying the aggregate of:
(i) the amount of Interest Proceeds to be applied on the applicable Payment Date pursuant to
paragraphs (II) and (KK) of Condition 3(c)(i) (Application of Interest Proceeds on Payment Dates)
and Principal Proceeds to be applied in payment of interest on the Class N Notes pursuant to
paragraph (Z) of Condition 3(c)(iii) (Application of Principal Proceeds on Payment Dates); and
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