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

(ii) shall be paid to the Class A1A Noteholders, in respect of each Interest Accrual Period, on the
Payment Date immediately following the end of such Interest Accrual Period in accordance with
the Priorities of Payment.
(k) Interest on the Class A1A Notes: The relevant interest amount in respect of a Drawing under the Class
A1A Notes and a Class A1A Notes Interest Period shall be calculated by the Principal Paying Agent
applying (i)(a) in the case of a Euro Drawing, the relevant Class A1A Euro Rate of Interest to an
amount equal to such Euro Drawing, on the relevant Payment Date, or as the case may be, the date such
Drawing is repaid and (b) in the case of a Sterling Drawing, the relevant Class A1A Sterling Rate of
Interest to an amount equal to such Sterling Drawing on the relevant Payment Date, or as the case may
be, the date such Drawing is repaid and (ii) the applicable Class A1A Day Count Fraction (the
aggregate of each such amount in respect of each Drawing and a Class A1A Notes Interest Period, the
“Class A1A Interest Amount”) and the Principal Paying Agent shall also calculate the Class A1A
Aggregate Interest Amount.
If at any time during a Class A1A Notes Interest Period, the Senior Notes are not rated at least “AA” by
Fitch and “AA” by S&P, respectively, the Class A1A Increased Margin will be added to the Class A1A
Euro Rate of Interest and the Class A1A Sterling Rate of Interest in respect of such Class A1A Notes
Interest Period.
(l)
Certificate: The Principal Paying Agent shall notify each of the Class A1A Noteholders and the Issuer
of the Class A1A Euro Rate of Interest and the Class A1A Sterling Rate of Interest as soon as it is
determined under Condition 6(k) (Interest on the Class A1A Notes).
(m) Failure of Reference Bank: If any Class A1A Reference Bank for any reason fails to notify to the
Principal Paying Agent the rate calculated in accordance with the definitions of the Class A1A Euro
Rate of Interest and the Class A1A Sterling Rate of Interest, the rate of interest shall be determined on
the basis of the rates notified to the Principal Paying Agent by the remaining Class A1A Reference
Banks or Class A1A Reference Bank and if no such rates are provided, then the rates provided with
respect to the previous Class A1A Notes Interest Period shall be applied.
(n) Notification of Class A1A Aggregate Interest Amount: The Principal Paying Agent shall notify each of
the Class A1A Noteholders, the Collateral Administrator, the Collateral Manager, the Principal Paying
Agent and the Issuer of the Class A1A Aggregate Interest Amount (and the individual components
comprised therein) due on a Payment Date at least two Business Days prior to such Payment Date.
(o) Duration of Class A1A Notes Interest Periods: If any Class A1A Notes Interest Period would otherwise
extend beyond the relevant Repayment Date it shall be shortened so that it ends on the relevant
Repayment Date.
(p) Payment: Interest on the Class A1A Notes shall be paid in the manner specified in the Class A1A Note
Purchase Agreement.
7. Redemption
(a) Final Redemption: Save to the extent previously redeemed and cancelled, the Notes of each Class will
be redeemed on the Maturity Date of such Notes. In the case of a redemption pursuant to this
Condition 7(a) (Final Redemption), the Senior Notes, the Class B Notes, the Class C Notes, the Class D
Notes and the Class E Notes will be redeemed at their outstanding principal amount and the Class N
Notes will be redeemed at the amount equal to their pro rata share of the amount of Principal Proceeds
to be applied towards such redemption pursuant to the Priorities of Payment. Notes may not be
redeemed other than in accordance with this Condition 7 (Redemption).
(b) Optional Redemption
(i) (A)
Redemption at the Option of the Class N Noteholders: Subject to the provisions of
Condition 7(b)(ii) (Conditions to Optional Redemption at the Option of the Class N
Noteholders), the Senior Notes, the Class B Notes, the Class C Notes, the Class D Notes,
the Class E Notes and the Class N Notes shall be redeemed by the Issuer, in whole but not
in part, at the applicable Redemption Prices, on any Payment Date falling on or after the
fifth anniversary of the Issue Date or, upon the occurrence of a Collateral Tax Event, on
any Payment Date falling thereafter, at the request in writing of the holders of at least
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