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

(ii) the amount determined by the Collateral Manager and notified to the Collateral Administrator on
or before each Determination Date to be paid as interest to the Class N Noteholders on the next
Payment Date 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,
by a fraction the numerator of which is €1,000 and the denominator of which is the aggregate principal
amount of the Class N Notes Outstanding immediately prior to such Payment Date.
(g) Publication of Floating Rates of Interest and Interest Amounts: The Principal Paying Agent will cause
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, the Class E Note Interest Rate and the
Interest Amount and, if applicable, any Deferred Interest Amounts payable in respect of each relevant
Class of Notes for each Interest Accrual Period and Payment Date to be notified to the Issuer, the
Registrar, the Trustee and the Irish Stock Exchange as soon as possible after their determination, but in
no event later than the first Business Day of such Interest Accrual Period, and the Registrar shall cause
each such rate, amount and date to be notified to the Noteholders of each Class in accordance with
Condition 16 (Notices) as soon as possible following notification to the Registrar but in no event later
than the third Business Day after such notification. The Interest Amounts and the Payment Date in
respect of the Notes so published may subsequently be amended (or appropriate alternative
arrangements made with the consent of the Trustee by way of adjustment) without notice (save that
notice shall be given to the Trustee) in the event of an extension or shortening of the Interest Accrual
Period. If any of the Notes become due and payable under Condition 10 (Events of Default), interest
shall nevertheless continue to be calculated as previously notified by the Principal Paying Agent in
accordance with this Condition but no publication of the applicable Interest Amounts shall be made
unless the Trustee so determines.
(h) Determination or Calculation by Trustee: If the Principal Paying Agent does not at any time for any
reason so determine 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 or does not calculate the Interest Amounts payable in respect of any Class of Notes (other
than the Class A1A Notes) for an Interest Accrual Period, the Trustee (or a person appointed by it for
the purpose) shall do so and such determination or calculation shall be deemed to have been made by
the Principal Paying Agent and shall be binding on the Noteholders. In doing so, the Trustee, or such
person appointed by it, shall apply the foregoing provisions of this Condition, with any necessary
consequential amendments, to the extent that, in its opinion, it can do so, and, in all other respects it
shall do so in such manner as it shall deem fair and reasonable in all the circumstances and reliance on
such persons as it has appointed for such purpose. The Trustee shall have no liability to any person in
connection with any determination or calculation it is required to make pursuant to this Condition 6(h)
(Determination or Calculation by Trustee).
(i)
(j)
Notifications etc. to be Final: All notifications, opinions, determinations, certificates, quotations and
decisions given, expressed, made or obtained for the purposes of the provisions of this Condition,
whether by the Reference Banks (or any of them), the Principal Paying Agent or the Trustee, will (in
the absence of wilful default, bad faith or manifest error) be binding on the Issuer, the Reference
Banks, the Principal Paying Agent, the Trustee, the Registrar, the Transfer Agents, the Capital
Commitment Registrar, all Noteholders and all other Secured Parties and (in the absence as referred to
above) no liability to the Issuer or the Noteholders of any Class shall attach to the Reference Banks, the
Principal Paying Agent or the Trustee in connection with the exercise or non-exercise by them of their
powers, duties and discretions under this Condition.
Class A1A Notes Commitment Fee: The Issuer shall pay a commitment fee in Euro (the “Commitment
Fee”) in respect of each Interest Accrual Period which:
(i) shall be calculated on the basis of actual days elapsed in such Interest Accrual Period and a 360
day year at the rate of 0.15 per cent. per annum of the daily weighted average amount of the
Undrawn Amount during such Interest Accrual Period; and
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