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

including) the date of such Drawing to (but excluding) the next following Payment Date) divided by (i) 360
days in the case of each Euro Drawing and (ii) 365 days (or 366 days in a leap year) in the case of each
Sterling Drawing, or, in each case, otherwise as market convention dictates, as determined by the Principal
Paying Agent.
“Class A1A Definitive Notes” means the Class A1A Regulation S Definitive Notes and the Class A1A
Rule 144A Definitive Notes.
“Class A1A EURIBOR” means in relation to any Euro Drawing or unpaid sum denominated in Euros
under the Class A1A Note Purchase Agreement:
(a) the percentage rate per annum of the offered quotation for deposits in Euros determined by the Banking
Federation of the European Union for a period equal or comparable to the required period which
appears on Telerate Page 248 at or about 11.00 a.m. (Brussels time) on the applicable Quotation Date
(and, in respect of any Euro Drawing made between Payment Dates, an appropriate straight line
interpolated rate for the period up to (but excluding) the next following Payment Date); or
(b) if the rate cannot be determined under paragraph (a) above, the arithmetic mean (rounded upwards to
the nearest four decimal places with the midpoint rounded upwards) as supplied to the Principal Paying
Agent at its request quoted by the Class A1A Reference Banks to prime banks in the European
interbank market, at or about 11.00 a.m. (Brussels time) on the Quotation Date for the offering of
deposits in Euro (for the avoidance of doubt, being, in respect of any Euro Drawing made between
Payment Dates, an appropriate straight line interpolated rate for the period up to (but excluding) the
next following Payment Date) and for a period comparable to the required period for that Drawing or
unpaid sum in Euro,
and for the purposes of this definition:
(c) “required period” means the applicable Class A1A Notes Interest Period for a Euro Drawing or the
period in respect of which Class A1A EURIBOR falls to be determined in relation to any unpaid sum
denominated in Euro; and
(d) “Telerate Page 248” means the display designated as Page 248 on the Telerate Service (or such other
pages as may replace Page 248 on that service or such other service as may be nominated by the
Banking Federation of the European Union (including the Reuter’s Screen) as the information vendor
for the purposes of displaying the Banking Federation of the European Union rates for deposits in
Euros).
“Class A1A Euro Rate of Interest” shall have the meaning ascribed to it in the Class A1A Note Purchase
Agreement.
“Class A1A Increased Margin” means any incremental interest accruing on the Class A1A Notes to the
extent resulting from the accrual of interest on the Class A1A Notes at an additional rate of 0.15 per cent.
per annum in respect of a Class A1A Notes Interest Period during which any of the Class A1A Senior Notes
is not rated at least “AA” by Fitch and “AA” by S&P respectively.
“Class A1A Interest Amount” shall have the meaning given thereto in Condition 6(k) (Interest on the
Class A1A Notes).
“Class A1A LIBOR” means, in relation to any Sterling Drawing or unpaid sum denominated in Sterling
under the Class A1A Note Purchase Agreement:
(a) the GBP-LIBOR-BBA, which appears on the relevant Quotation Date (for the avoidance of doubt,
being, in respect of any Sterling Drawing made between Payment Dates, an appropriate straight line
interpolated rate for the period up to (but excluding) the next following Payment Date); or
(b) (if no GBP-LIBOR-BBA is available for Sterling for the required period) the arithmetic mean of the
rates (rounded upwards to four decimal places with the mid-point rounded upwards) as supplied to the
Principal Paying Agent at its request quoted by the Class A1A Reference Banks to leading banks in the
London interbank market, at or about 11.00 a.m. (London time) on the Quotation Date for the offering
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