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

the Trust Deed or fair market practices if the Trust Deed is not applicable) and, may hold, retain,
possess or dispose of such property in its or their own absolute right without accountability.
12. Prescription
Claims in respect of principal and interest payable on redemption in full of the relevant Notes will become
void unless presentation for payment is made as required by Condition 8 (Payments) within a period of 5
years, in the case of interest, and 10 years, in the case of principal, from the appropriate Relevant Date.
13. Replacement of Definitive Notes
If any Definitive Note is lost, stolen, mutilated, defaced or destroyed it may be replaced at the specified
office of the Transfer Agent in London subject in each case to all applicable laws and Irish Stock Exchange
requirements, upon payment by the claimant of the expenses incurred in connection with such replacement
and on such terms as to evidence, security, indemnity and otherwise as the Issuer may require (provided
that the requirement is reasonable in the light of prevailing market practice). Mutilated or defaced
Definitive Notes must be surrendered before replacements will be issued.
14. Meetings of Noteholders, Modification, Waiver and Substitution; Removal and Retirement of the
Trustee
(a) Meetings of Noteholders: The Trust Deed contains provisions for convening meetings of the
Noteholders of each Class to consider matters affecting the interests of such Noteholders, including the
sanctioning by Extraordinary Resolution of the Noteholders of a Class of a modification of certain of
these Conditions or certain provisions of the Trust Deed. Meetings of the Noteholders of a Class may
be convened by two or more Noteholders of such Class holding not less than 10 per cent. in principal
amount of the Notes of that Class Outstanding, or by the Trustee or the Issuer in its own right. Subject
as follows, the quorum for any meeting convened to consider an Extraordinary Resolution of the
Noteholders of such Class will be two or more persons holding or representing 66⅔ per cent. in
principal amount of the Notes of such Class Outstanding, or at any adjourned meeting two or more
persons being or representing the holders of the Notes of such Class holding or representing 25 per
cent. of the principal amount of the Notes of such Class Outstanding. No proposal to sanction,
amongst other things:
(i) the exchange or substitution for the Notes of the relevant Class, or the conversion of the Notes of
the relevant Class into, shares, bonds or other obligations or securities of the Issuer or any other
entity;
(ii) the modification of any provision relating to the timing and/or circumstances of final redemption
of the Notes of the relevant Class at maturity (including the circumstances in which payments on
such Notes may be accelerated);
(iii) the modification of the timing and/or determination of the amount of interest, principal or other
amounts payable in respect of the Notes of the relevant Class from time to time;
(iv) the adjustment of the outstanding principal amount of the Notes of the relevant Class other than in
connection with a further issue of Notes pursuant to Condition 17 (Further Issues);
(v) a change in the currency of payment of the Notes of the relevant Class or any other amounts
payable under the Priorities of Payment;
(vi) any change in the Priorities of Payment or in the calculation or determination of any amounts
payable thereunder;
(vii) the modification of the provisions concerning the quorum required at any meeting of Noteholders
of the relevant Class or the majority required to pass an Extraordinary Resolution or any other
provision of these Conditions which requires the written consent of the holders of a requisite
principal amount of the Notes of any Class Outstanding; and
(viii) the modification of any provision relating to the security over the Collateral constituted by the
Trust Deed except as contemplated by these Conditions and the Trust Deed,
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