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

calculated by the Collateral Administrator on the relevant Determination Date in accordance with
Condition 6(e)(ii) (Determination of Floating Rate of Interest and Calculation of Interest Amount);
(b) in the case of the Class B Notes, Class C Notes, Class D Notes and Class E Notes, the amount
calculated by the Collateral Administrator on the relevant Determination Date in accordance with
Condition 6(e)(ii) (Determination of Floating Rate of Interest and Calculation of Interest Amount); and
(c) in the case of the Class N Notes the amount calculated as provided in Condition 6(f) (Interest on the
Class N Notes).
“Interest Collection Account” means the Euro account so named of the Issuer held with the Account Bank
into which Euro Interest Proceeds are to be paid.
“Interest Coverage Amount” means, on any particular Measurement Date, the sum of:
(a) the amount standing to the credit of the Interest Collection Account and the Sterling Interest Collection
Account (without double counting with items in paragraphs (b) and (c) below);
plus
(b) the scheduled interest payments due (in each case regardless of whether the applicable Due Date has
yet occurred) (determined assuming that EURIBOR (or such other rate basis applicable to the relevant
Collateral Debt Security, Participation, Account or Eligible Investment denominated in Euro) remains
constant throughout such period) in the Due Period in which such Measurement Date occurs on:
(i)
(ii)
(iii)
(iv)
the Euro Collateral Debt Securities and any Euro denominated Participations excluding (A)
accrued and unpaid interest on Euro denominated Non-Performing Securities and (B) interest
on any Euro Collateral Debt Security or Euro denominated Participation to the extent that such
Euro Collateral Debt Security or Euro denominated Participation does not provide for the
scheduled payment of interest in cash, and (C) any amounts in Euro expected to be withheld at
source or otherwise deducted in respect of taxes;
the Accounts (other than the Sterling Accounts);
Eligible Investments denominated in Euro; and
Euro denominated Securities Lending Collateral after the occurrence of an event of default
under the related Securities Lending Agreement;
but excluding:
(A)
(B)
(C)
(D)
(E)
any scheduled interest payments described in paragraphs (i), (ii) or (iii) above as to
which the Issuer or the Collateral Manager has actual knowledge that such payment
will not be made;
any scheduled interest payments described in paragraph (iv) above in respect of a
loaned Euro Collateral Debt Security as to which an event of default under the related
Securities Lending Agreement has occurred and is continuing;
accrued and unpaid interest on Defaulted Securities denominated in Euro;
interest accrued on any Euro Collateral Debt Securities or Euro denominated
Participations 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 Note Purchase Agreement including for the avoidance of doubt, the amounts
referred to in paragraphs (b) and (h) of the definition of Euro Principal Proceeds; and
in the case of PIK Securities denominated in Euro, the amount of any payments that
the Issuer or the Collateral Manager has actual knowledge will not be made in cash,
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