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

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Class B Definitive Notes.................................... 58 Class B Further Issue Notes ....................... 58, 131 Class B Global Notes......................................... 58 Class B Loss Differential ................................. 171 Class B Margin.......................................... 58, 114 Class B Note Interest Rate ....................14, 58, 112 Class B Noteholders .......................................... 58 Class B Notes .....................................2, 11, 50, 58 Class B Overcollateralisation Ratio.................... 58 Class B Overcollateralisation Ratio Test..... 58, 173 Class B Regulation S Definitive Notes ............... 58 Class B Regulation S Global Note...................... 59 Class B Regulation S Notes................................ 59 Class B Rule 144A Definitive Notes .................. 59 Class B Rule 144A Global Note......................... 59 Class B Rule 144A Notes................................... 59 Class B Scenario Loss Rate.............................. 171 Class C Break Even Loss Rate ......................... 171 Class C Deferred Interest ........................... 59, 112 Class C Definitive Notes.................................... 59 Class C Further Issue Notes ....................... 59, 131 Class C Global Notes......................................... 59 Class C Loss Differential ................................. 171 Class C Margin.......................................... 59, 114 Class C Note Interest Rate ....................14, 59, 112 Class C Noteholders .......................................... 59 Class C Notes .....................................2, 11, 50, 59 Class C Overcollateralisation Ratio.................... 59 Class C Overcollateralisation Ratio Test..... 59, 173 Class C Regulation S Definitive Notes ............... 59 Class C Regulation S Global Note...................... 59 Class C Regulation S Notes................................ 59 Class C Rule 144A Definitive Notes .................. 60 Class C Rule 144A Global Note......................... 60 Class C Rule 144A Notes................................... 60 Class C Scenario Loss Rate.............................. 171 Class D Break Even Loss Rate......................... 171 Class D Deferred Interest ........................... 60, 112 Class D Definitive Notes.................................... 60 Class D Further Issue Notes ....................... 60, 131 Class D Global Notes......................................... 60 Class D Loss Differential................................. 171 Class D Margin.......................................... 60, 114 Class D Note Interest Rate ....................14, 60, 112 Class D Noteholders .......................................... 60 Class D Notes.....................................2, 11, 50, 60 Class D Overcollateralisation Ratio.................... 60 Class D Overcollateralisation Ratio Test .... 60, 173 Class D Regulation S Definitive Notes............... 60 Class D Regulation S Global Note...................... 60 Class D Regulation S Notes ............................... 60 Class D Rule 144A Definitive Notes .................. 60 Class D Rule 144A Global Note......................... 61 Class D Rule 144A Notes................................... 61 Class D Scenario Loss Rate.............................. 171 Class E Break Even Loss Rate ......................... 171 Class E Deferred Interest ........................... 61, 112 Class E Definitive Notes .................................... 61 Class E Further Issue Notes........................ 61, 131 Class E Global Notes ......................................... 61 Class E Loss Differential ................................. 171 Class E Margin...........................................61, 114 Class E Note Interest Rate .................... 14, 61, 112 Class E Noteholders .......................................... 61 Class E Notes ..................................... 2, 11, 50, 61 Class E Overcollateralisation Ratio.................... 61 Class E Overcollateralisation Ratio Test......61, 173 Class E Regulation S Definitive Notes ............... 61 Class E Regulation S Global Note...................... 61 Class E Regulation S Notes ............................... 61 Class E Rule 144A Definitive Notes .................. 61 Class E Rule 144A Global Note......................... 62 Class E Rule 144A Notes................................... 62 Class E Scenario Loss Rate.............................. 171 Class N Definitive Notes ................................... 62 Class N Further Issue Notes........................62, 131 Class N Global Notes ........................................ 62 Class N Noteholders.......................................... 62 Class N Notes..................................... 2, 11, 50, 62 Class N Regulation S Definitive Notes............... 62 Class N Regulation S Global Note ..................... 62 Class N Regulation S Notes ............................... 62 Class N Rule 144A Definitive Notes.................. 62 Class N Rule 144A Global Note ........................ 62 Class N Rule 144A Notes .................................. 62 Class of Noteholders.......................................... 54 Class of Notes ................................................... 54 Clearing Systems................................ 96, 130, 135 Clearstream, Luxembourg.............................3, 135 CLO Securities.................................................. 62 Code .................................................. 62, 200, 224 Collateral .....................................................18, 62 Collateral Acquisition Agreements..................... 62 Collateral Administration Agreement................. 51 Collateral Administrator ...............................10, 50 Collateral Debt Securities ................................ 152 Collateral Debt Security..................................... 63 Collateral Enhancement Account ....................... 63 Collateral Enhancement Security ....................... 63 Collateral Management Agreement...............10, 50 Collateral Management Fee ............................... 63 Collateral Manager ...................................2, 10, 50 Collateral Manager Termination Amount........... 63 Collateral Quality Tests ..............................63, 166 Collateral Tax Event.......................................... 63 collecting agent ............................................... 212 Collection Accounts .......................................... 64 Commitment Fee .................................. 14, 64, 115 Commitment Period......................................... 182 Competent Authority ......................................... 26 Conditions......................................................2, 64 controlled foreign corporations ........................ 200 Controlling Class............................................... 64 Controlling Person........................................... 215 conversion transaction ..................................... 200 Coverage Test ................................................... 64 Credit Improved Security................................... 64 Credit Risk Security .......................................... 65 Cumulative Sterling Defaults........................... 157 Cumulative Sterling Realised Losses................ 157 229
Cumulative Sterling Realised Recoveries ......... 157 Currency Account.............................................. 65 Current Pay Obligation ................................ 65, 68 Current Portfolio.............................................. 171 Custodian .......................................................... 50 Custody Account ............................................... 66 D debt financed property ..............................203, 207 Decree............................................................... 49 Defaulted Equity Security .................................. 66 Defaulted Participation Security......................... 66 Defaulted Security ............................................. 66 Defaulted Synthetic Security.............................. 67 Defaulting Party .......................................... 74, 92 Deferred Interest.............................................. 112 Deferred Interest Amounts ................................. 67 Definitive Note.................................................. 67 Definitive Notes ........................................ 24, 136 Determination Date............................................ 67 Direct DTC Participants................................... 138 Direct Participants ........................................... 138 Discount Collateral Debt Security ................ 67, 68 Distribution ....................................................... 68 Distribution Compliance Period ..................... 3, 24 Drawing ............................................................ 68 DTC ....................................................................3 DTC Business Day .......................................... 139 DTC Custodian................................................ 139 DTC Participants ............................................. 138 Due Date ........................................................... 68 Due Period ........................................................ 68 Dutch Ineligible Securities ................................. 68 E Eastern Europe .................................................. 68 Eligibility Criteria....................... 68, 152, 163, 174 Eligible Floating Rate Note................................ 68 Eligible Investments .......................................... 68 Emerging Market Issuer..................................... 69 Enforcement Notice ................................... 69, 123 Equity Kicker .................................................... 69 Equity Security.................................................. 69 ERISA................................................69, 214, 224 ERISA Plans.................................................... 214 ERISA Restricted Note .....................216, 223, 225 ERISA Restricted Notes................................... 215 EURIBOR ......................................................... 69 Euro ....................................................................8 Euro Collateral Debt Security............................. 69 Euro Drawings................................................... 69 Euro Expense Account....................................... 69 Euro Interest Proceeds ......................69, 70, 71, 72 Euro Liquidity Payment Account ....................... 71 Euro Payment Account ...................................... 71 Euro Principal Proceeds ..........................71, 72, 95 Euro Principal Reserve Account......................... 72 Euro Unscheduled Principal Proceeds ................ 72 Euro zone .................................................. 72, 114 Euroclear......................................................3, 135 Euroclear Pledge Agreement.............................. 51 Euroclear Pledged Account...........................45, 69 Event of Default ...........................................74, 92 Event of Default Net Portfolio Collateral Balance............................................................ 72 Excess Distribution.......................................... 204 Exchange Act .................................................8, 73 Exchange Date ................................................ 137 Exchange Rate Agent ........................................ 50 Exchanged Global Note ................................... 136 Exempt Persons............................................... 1, 4 Extraordinary Resolution ................................... 73 F Fitch...............................................................2, 73 Fitch Industry Category ................................... 157 Fitch Rating.......................................... 73, 93, 176 Fitch Rating Factor .......................................... 168 Fitch Recovery Rate ........................................ 169 Fitch Test Matrix............................................. 167 Fitch Weighted Average Recovery Rate........... 168 Foreign Taxable Investor ................................. 210 Form-Approved Hedge...................................... 73 Form-Approved Hedges .................................... 73 Foundation ...................................................... 145 FSA ................................................................ 147 FSMA ............................................................. 218 FTA ................................................................ 210 fund .............................................................6, 219 Further Issue Notes.....................................73, 131 G GBP-LIBOR-BBA ............................................ 73 German Disbursing Agent ............................... 208 German Investor.............................................. 209 Global Note....................................................... 73 Global Notes ....................................................... 3 H hedge .............................................................. 200 Hedge Agreement.......................................73, 189 Hedge Agreements ............................................ 73 Hedge Counterparty.............................. 73, 74, 189 Hedge Payment Amount.................................... 74 Hedge Replacement Receipt .............................. 74 Hedge Termination Receipt ............................... 74 Hedge Transaction............................................. 74 Hedge Transactions ......................................... 189 HMRC .......................................................46, 211 Holder............................................................. 211 I IAF ................................................................. 147 IFSRA............................................................2, 26 Incentive Collateral Management Fee .........74, 101 Incentive Management Fee Hurdle Rate............. 74 230
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Gresham Capital CLO IV B.V. (a priv
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with particular reference to its ow
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AUTHORITY (BUNDESANSTALT FÜR FINAN
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AVAILABLE INFORMATION To permit com
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SUMMARY This summary does not inclu
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e paid in accordance with the Prior
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Commitment Fee ....................
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provided that the Issuer has obtain
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Security for the Notes: ...........
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Overcollateralisation Ratio Test; (
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Liquidation of Collateral Debt Secu
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Class A1A Regulation S Notes and Cl
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The Trust Deed provides that the Is
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(a) take any corporate action or ot
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Notes will be made until principal
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the Issuer entered into the commitm
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elative to the high yield bond mark
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While the Issuer expects that the r
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Investment and Repayment of Payment
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In its capacity as Collateral Manag
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Termination Amount. The payment of
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available to them on subsequent pay
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Liability to Stamp Taxation and Oth
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the Issuer is party that is made in
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CONDITIONS OF THE NOTES The followi
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Account and the Sterling Principal
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Eligibility Criteria, an interest i
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of deposits in Sterling (for the av
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equire, a specific number thereof a
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“Class C Rule 144A Definitive Not
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“Class E Rule 144A Global Note”
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“Collection Accounts” means the
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Debt Security; provided always (I)
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(ii) if any Collateral Debt Securit
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acquisition thereof by the Issuer a
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prior to the Payment Date immediate
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Manager acting on behalf of the Iss
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including for the avoidance of doub
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Maturity Date and a security in res
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“Note Interest Rate” means, in
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(a) is a Business Day; (b) is or fa
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(c) in the case of a Hedge Counterp
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“Relevant Amount” in respect of
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counterparty has the regulatory cap
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“Sterling Interest Account” mea
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(h) any scheduled principal payment
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of the related Reference Obligation
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e represented by a Class A1A Rule 1
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(Application of Interest Proceeds b
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(W) (X) (Y) (Z) (AA) (BB) (CC) (DD)
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(D) (E) (F) (G) (H) (I) (J) (K) (L)
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(AA) (BB) after taking account of t
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the extent of any Sterling payments
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contractual rights) or any of them
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the Management Agreement; (D) the I
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shall be deferred and shall, with e
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“Euro zone” means the region co
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(ii) shall be paid to the Class A1A
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(A) (B) (C) (D) (E) Senior Notes: I
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meet the Eligibility Criteria or, t
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E Note (other than any Class E Defe
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the sole Issuer Event of Default is
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(J) (K) (L) (M) (N) (O) (P) (Q) (R)
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each a “Basic Terms Modification
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any jurisdiction of a judgment alre
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(v) the Trustee has been fully inde
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USE OF PROCEEDS The net proceeds fr
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Meetings: The holder of each Global
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BOOK ENTRY CLEARANCE PROCEDURES The
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persons or entities that do not par
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RATING OF THE RATED NOTES It was a
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DESCRIPTION OF THE ISSUER General T
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Date between, inter alia, the Found
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practice, all members of the IPF an
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DESCRIPTION OF THE PORTFOLIO 1. Int
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estrictions as set out in the Colla
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(B) in the case of a Synthetic Secu
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(ix) no Collateral Debt Security wh
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Industry Categories Business Servic
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(ii) all Additional Collateral Debt
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(h) Unscheduled Principal Proceeds
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(ii) the aggregate Principal Balanc
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(B) Unscheduled Principal Proceeds
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In addition, for any date of determ
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all Euro Collateral Debt Securities
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specified benchmark rating level ba
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(g) Reinvestment OC Test The “Rei
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Affiliates of the Collateral Manage
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Page 181 and 182: Liquidity Facility Agreement DESCRI
Page 183 and 184: Sterling by the Issuer shall not ex
Page 185 and 186: Coverage Tests, Reinvestment OC Tes
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Page 189 and 190: DESCRIPTION OF THE CLASS A1A NOTE P
Page 191 and 192: provide Drawings under the Class A1
Page 193 and 194: Investments having a maturity date
Page 195 and 196: The Issuer shall procure that on an
Page 197 and 198: TAX CONSIDERATIONS General The foll
Page 199 and 200: This summary is based on interpreta
Page 201 and 202: A U.S. Holder of a Senior Note will
Page 203 and 204: the first taxable year for which it
Page 205 and 206: any distributions in excess of such
Page 207 and 208: oker has been in existence) is deri
Page 209 and 210: Capital gains made on the sale or p
Page 211 and 212: Holders who may be liable to taxati
Page 213 and 214: ERISA CONSIDERATIONS The U.S. Emplo
Page 215 and 216: DEED, REQUIRED TO CERTIFY) WITH RES
Page 217 and 218: United States The Initial Purchaser
Page 219 and 220: or any other governmental authority
Page 221 and 222: to its purchase of Notes, to ask qu
Page 223 and 224: PLAN, UNLESS INVESTMENT DECISIONS A
Page 225 and 226: GENERAL INFORMATION 1. Clearing Sys
Page 227: INDEX OF DEFINED TERMS £ £.......
Page 231 and 232: Presentation Date..................
Page 233: REGISTERED OFFICE OF THE ISSUER Riv
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Gresham Capital CLO IV B.V. - Irish Stock Exchange

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