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

acquisition thereof by the Issuer and purchased with Euro Principal Proceeds, Uninvested Proceeds or
with amounts drawn under the Class A1A Notes);
(b) all accrued interest received in cash by the Issuer during the related Due Period with respect to Euro
Collateral Debt Securities realised by the Issuer (other than (i) interest accrued on Euro Collateral Debt
Securities to the date of acquisition thereof by the Issuer and purchased with Euro Principal Proceeds,
Uninvested Proceeds or with amounts drawn under the Class A1A Notes and any Relevant Amount
denominated in Euro in respect of such realisation and (ii) interest accrued on a PIK Security
denominated in Euro to the date of acquisition thereof by the Issuer and purchased with Euro Principal
Proceeds, Uninvested Proceeds or with amounts drawn under the Class A1A Notes);
(c) (i) all payments of principal in Euro received in cash by the Issuer during the related Due Period on
Eligible Investments to the extent such Eligible Investments were acquired with Euro Interest Proceeds;
and (ii) all amounts representing the element of deferred interest in any payment received in respect of
any Mezzanine Loan or Second Lien Loan denominated in Euro which is not a Defaulted Security and
which by its contractual terms provides for the deferral of interest;
(d) (i) all amounts in Euro, if any, paid to the Issuer by any Hedge Counterparty (other than any Hedge
Termination Receipts) under any Hedge Transaction (other than under an Asset Swap Transaction) in
such Due Period and all amounts payable to the Issuer by any Hedge Counterparty (other than any
Hedge Termination Receipts) under any Hedge Transaction (other than under an Asset Swap
Transaction) on the Payment Date immediately following such Due Period and (ii) all amounts in Euro,
if any, paid to the Issuer by any Hedge Counterparty (other than any Hedge Termination Receipts)
under any Asset Swap Transaction in such Due Period which corresponds to amounts described in this
definition of “Euro Interest Proceeds” received from any Non-Euro Collateral Debt Securities the
subject of such Asset Swap Transaction and all amounts payable to the Issuer by any Hedge
Counterparty (other than Hedge Termination Receipts) under any Asset Swap Transaction on the
Payment Date immediately following such Due Period which corresponds to amounts described in this
definition of “Euro Interest Proceeds” received from any Non-Euro Collateral Debt Securities the
subject of such Asset Swap Transaction;
(e) all amounts in Euro of all amendment and waiver fees, all late payment fees, syndication fees and all
other fees and commissions received in cash by the Issuer during the related Due Period in connection
with the Euro Collateral Debt Securities purchased by the Issuer and Eligible Investments denominated
in Euro;
(f)
the amount standing to the credit of the Euro Expense Account on the last Business Day of the Due
Period ending immediately prior to the Redemption Date or Maturity Date;
(g) all amounts, if any, paid to the Issuer in Euro by any Securities Lending Counterparty under any
Securities Lending Agreement in such Due Period, including any scheduled interest payments on
Securities Lending Collateral after the occurrence of an event of default under the related Securities
Lending Agreement; and
(h) any other amount in Euros whether in the nature of profits, Trading Gains or otherwise which is
designated as Euro Interest Proceeds by the Collateral Manager; provided that the Collateral Manager
may not designate Trading Gains as Euro Interest Proceeds unless the sum of (i) the aggregate Principal
Balance of all Collateral Debt Securities and (ii) the aggregate principal balance standing to the credit
of the Principal Collection Account, the Initial Proceeds Account, the Additional Collateral Account
and the Euro Principal Reserve Account, is equal to or greater than the Target Par Amount, in each case
both immediately prior to and after giving effect to the reinvestment of the applicable proceeds that
gave rise to such Trading Gains;
but excluding (i) all Sterling Interest Proceeds and (ii) any amounts recovered and any Distributions
received in cash by the Issuer in respect of any Defaulted Securities denominated in Euro following such
Euro Collateral Debt Security becoming a Defaulted Security other than where the aggregate amount of
such recoveries or, as the case may be, such Distributions received in respect of such Defaulted Security
exceeds the principal balance of the Euro Collateral Debt Security immediately prior to the time it became a
Defaulted Security; and (iii) in respect of any scheduled interest payments described in paragraph (g) above
in respect of a loaned Collateral Debt Security as to which an event of default under the related Securities
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