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

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Indirect DTC Participants................................. 138 Indirect Participants ......................................... 138 Initial Hedge Agreement.......................21, 74, 189 Initial Hedge Counterparty........................3, 21, 51 Initial Hedge Transaction................................... 21 Initial Hedge Transactions ........................... 21, 74 Initial Proceeds Account .................................... 74 Initial Purchaser................................3, 51, 74, 217 Initial Reinvestment OC Ratio ........................... 74 Insolvency Law ............................................... 122 Interest ............................................................ 209 Interest Accrual Period....................................... 74 Interest Amount................................................. 74 Interest Collection Account................................ 75 Interest Coverage Amount ................................. 75 Interest Determination Date ....................... 77, 112 Interest Proceeds................................................ 77 Internal Rate of Return............................... 77, 104 Investec ..............................................77, 147, 179 investment ................................................... 6, 219 Investment Company Act..................1, 2, 218, 223 Investment Tax Act.................................... 49, 208 Investment Tax Act Reporting Requirements................................................. 209 InvG............................................................ 5, 219 IPF .................................................................. 147 Irish Paying Agent ............................................. 50 Irish Stock Exchange ...........................................2 ISDA............................................................... 189 ISIN ................................................................ 226 Issue Date.................................................... 10, 77 Issue Date Spot Rate.................................... 13, 77 Issuer........................................................2, 10, 77 Issuer Dutch Account......................................... 77 Issuer Event of Default .............................. 77, 121 K Key Person ...................................................... 181 Key Persons..................................................... 181 L LIBOR .............................................................. 77 Liquidity Drawing ............................................. 77 Liquidity Facility..................................22, 77, 182 Liquidity Facility Agreement ................22, 51, 182 Liquidity Facility Provider ....................22, 51, 182 Liquidity Limit .....................................22, 77, 182 Liquidity Payment ............................................. 77 Liquidity Payment Account................................ 77 Liquidity Payment Accounts .............................. 77 Long Dated Securities........................................ 77 M Management Agreement ............................ 51, 144 Managing Directors ........................................... 78 Market Value..................................................... 78 MARKIT........................................................... 78 Matrix ............................................................... 78 Maturity Date ...............................................16, 78 Maximum Investment Amount .......................... 78 Maximum Weighted Average Fitch Rating Factor Test..................................................... 168 Measurement Date......................................78, 166 Mezzanine Loan ................................................ 78 Minimum Denomination.................................... 78 Minimum Fitch Weighted Average Recovery Rate Test........................................ 168 Minimum Weighted Average Spread ............... 169 Minimum Weighted Average Spread Test........ 169 Monthly Report ..........................................79, 185 N Net Portfolio Collateral Balance ........................ 79 non-eligible investments.................................. 109 Non-Euro Collateral Debt Security .................... 79 Non-Extension Drawing .................................. 183 Non-Performing Security................................... 79 Non-U.S. Holder ............................................. 199 Note Interest Rate.............................................. 80 Note Purchase Facility..................................... 190 Noteholder Valuation Report ......................80, 187 Noteholders....................................................... 80 Noteholders Subject to the Investment Tax Act ................................................................ 209 Notes.................................................. 2, 11, 50, 80 Notice of Default............................................. 122 O Obligor.............................................................. 80 Offer ................................................................. 80 Offering .............................................................. 7 Offshore Transaction ....................................... 223 OID................................................................. 202 Outstanding....................................................... 80 Overseas Securities Lender’s Agreement ........... 87 over-the-counter-transaction ............. 208, 209, 210 P Participants ..................................................... 138 Participation ...............................................81, 176 Participation Agreement .................................... 81 Participations..................................................... 36 passive foreign investment companies.............. 200 paying agent.................................................... 212 Paying Agents ................................................... 50 Payment Date ...........................................2, 14, 81 Payment Default................................................ 81 Person ............................................................... 81 PFIC ............................................................... 203 PIK Security...................................................... 81 Plan.................................................. 216, 223, 225 Plan Asset Regulation...............................214, 222 Plans ............................................................... 214 PORTAL............................................................. 2 Portfolio............................................................ 81 pounds sterling .................................................... 8 231
Presentation Date............................................... 81 Principal Balance............................................... 82 Principal Collection Account ............................. 82 Principal Paying Agent ...................................... 50 Principal Proceeds ............................................. 82 Priorities of Payment ......................................... 82 Priority Category Recovery Rate........................ 83 Proceedings ............................................... 83, 132 professional market party................................... 23 Project Finance Loan ....................................... 158 Proposed Portfolio ........................................... 171 Prospectus ...........................................................1 PTE................................................................. 214 Q QEF ................................................................ 203 QIB ................................................................... 83 Qualified Institutional Buyer......... 1, 6, 23, 83, 223 qualified portion .............................................. 205 Qualified Purchaser ...................... 1, 6, 23, 83, 223 Qualified Purchasers .......................................... 47 Qualifying Country.................................... 83, 152 Quotation Date .................................................. 83 R Ramp-Up Period................................................ 83 Rated Notes ........................................2, 11, 50, 83 Rating Agencies ................................................ 83 Rating Agency Confirmation ............................. 83 Rating Requirement ........................................... 83 Receiver .......................................................... 122 Record Date............................................... 84, 120 Recovery Percentage.......................................... 84 Redemption Date............................................... 84 Redemption Determination Date ................ 84, 117 Redemption Notice ............................................ 84 Redemption Price .............................................. 84 Redemption Threshold Amount ......................... 85 Reference Banks.............................................. 113 Reference Obligation ......................................... 85 Reference Obligations........................................ 35 Reference Obligor........................................ 35, 85 Register ....................................................... 85, 95 Registrar............................................................ 50 Regulation S...................................................... 85 Regulation S Definitive Notes............................ 85 Regulation S Global Note .......................3, 24, 135 Regulation S Global Notes................................. 85 Regulation S Notes ........................................ 2, 85 Reinvestment Criteria ................................ 85, 162 Reinvestment OC Ratio ..................................... 85 Reinvestment OC Test ............................... 85, 174 Reinvestment Period.................................. 85, 120 Related Entities.................................................. 39 Relevant Amount............................................... 86 Relevant Class of Notes ................................... 135 Relevant Date .................................................... 86 Relevant Persons ............................................. 1, 5 repay ................................................................. 86 Repayment Date................................................ 86 Replacement Collateral Manager ....................... 86 Replacement Collateral Manager Subordinated Fee ............................................. 86 Replacement Hedge Agreement......................... 86 Replacement Rating Agency.............................. 83 required period .............................................55, 56 Resolutions ....................................................... 30 RSA 421-B.......................................................... 4 Rule 144A..................................................86, 223 Rule 144A Definitive Notes............................... 86 Rule 144A Global Note ..........................3, 24, 135 Rule 144A Global Notes.................................... 87 Rule 144A Notes ............................................2, 87 S S&P ...............................................................2, 89 S&P Minimum Average Recovery Rate........... 170 S&P Minimum Weighted Average Recovery Rate Test........................................ 170 S&P Quality Case............................................ 167 S&P Rating .......................................... 89, 93, 176 S&P Test Matrix ............................................. 167 Sale Proceeds .................................................... 87 SARB ............................................................. 147 Screen Rate ................................................87, 113 SEC .................................................................. 47 Second Lien Loan.............................................. 87 Secured Participation......................................... 87 Secured Party .................................................... 87 Securities Act ..............................1, 2, 87, 218, 223 Securities Lending Account ............................... 87 Securities Lending Agent................................... 87 Securities Lending Agreement......................37, 87 Securities Lending Collateral............................. 87 Securities Lending Counterparty...................37, 87 Selling Institution .............................................. 88 Senior Administrative Expenses......................... 88 Senior Coverage Test......................................... 88 Senior Interest Coverage Ratio........................... 88 Senior Interest Coverage Test .....................88, 173 Senior Noteholders ............................................ 88 Senior Notes....................................... 2, 11, 50, 88 Senior Notes Redemption Method...................... 88 Senior Overcollateralisation Ratio...................... 88 Senior Overcollateralisation Ratio Test .......88, 173 Senior Secured Loan.......................................... 88 Senior Trustee Fees ........................................... 88 Senior Unsecured Loan...................................... 88 shortfall........................................................... 110 Special Debt Security ........................................ 89 Special Redemption....................................17, 120 Special Redemption Amount ........................... 120 Special Redemption Date................................. 120 Spot Rate........................................................... 89 Stabilising Manager......................................8, 217 Stand-by Account.............................................. 89 Stand-by Liquidity Account.................. 23, 89, 183 Stated Maturity.................................................. 89 232
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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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amount permitted from all Selling I
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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 and 228: INDEX OF DEFINED TERMS £ £.......
Page 229: Cumulative Sterling Realised Recove
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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