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

out of such account to purchase Additional Collateral Debt Securities denominated in Euro or Non-Euro
Collateral Debt Security the subject of an Asset Swap Transaction. In addition, after the end of the Ramp-Up
Period, all drawings under the Class A1A Notes will be credited to the Additional Collateral Account if drawn
in Euro.
Sterling Additional Collateral Account
The Issuer shall procure that, on each Payment Date, the amount designated by the Collateral Manager on
the preceding Determination Date is transferred to the Sterling Additional Collateral Account. Payment may be
made out of such account to purchase Additional Collateral Debt Securities denominated in Sterling. In
addition, during and after the end of the Ramp-Up Period, all drawings under the Class A1A Notes will be
credited to the Sterling Additional Collateral Account if drawn in Sterling.
Euro Payment Account
The Issuer shall procure that all amounts required to be disbursed out of amounts credited to the Interest
Collection Account, Principal Collection Account and Euro Principal Reserve Account on a Payment Date are
credited to the Euro Payment Account on the Business Day preceding the relevant Payment Date and all sums
standing to the credit of the Euro Payment Account shall be disbursed in accordance with the Priorities of
Payment.
Sterling Payment Account
The Issuer shall procure that all amounts required to be disbursed out of amounts credited to the Sterling
Interest Account and Sterling Principal Account on a Payment Date are credited to the Sterling Payment
Account on the Business Day preceding the relevant Payment Date and all sums standing to the credit of the
Sterling Payment Account shall be disbursed in accordance with the Priorities of Payment.
The Euro Liquidity Payment Account
The Issuer shall procure that all Euro Interest Proceeds (up to an amount equal to the outstanding principal
amount of any Liquidity Drawings denominated in Euro and accrued interest thereon and any other amounts in
respect thereof either between Payment Dates or on the next Payment Date as calculated under the Liquidity
Facility Agreement) are paid directly into the Euro Liquidity Payment Account promptly upon receipt thereof.
The Issuer shall procure that on any date, other than a Payment Date, on which it elects to make a payment
(in whole or in part) in respect of the outstanding principal amount of the Liquidity Drawing denominated in
Euro and the accrued interest thereon, an amount up to the balance standing to the credit of the Euro Liquidity
Payment Account on such date be withdrawn and paid directly to the Liquidity Facility Provider or where a
stand-by drawing is outstanding, to the Stand-by Liquidity Account, provided that:
(a) no Enforcement Notice has been given;
(b) no event of default has occurred and is continuing under the Liquidity Facility Agreement; and
(c) the Issuer has outstanding liabilities denominated in Euro due to the Liquidity Facility Provider under
the Liquidity Facility Agreement (including all accrued interest) and the amount withdrawn under the
Liquidity Payment Account on such date will not exceed such outstanding liabilities of the Issuer due
under the Liquidity Facility Agreement.
After the occurrence of an Issuer Event of Default the Issuer shall transfer all amounts standing to the credit
of the Euro Liquidity Payment Account to the Euro Payment Account.
The Sterling Liquidity Payment Account
The Issuer shall procure that all Sterling Interest Proceeds (up to an amount equal to the outstanding
principal amount of any Liquidity Drawings, denominated in Sterling and accrued interest thereon and any other
amounts in respect thereof either between Payment Dates or on the next Payment Date as calculated under the
Liquidity Facility Agreement) are paid directly into the Sterling Liquidity Payment Account promptly upon
receipt thereof.
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