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

(g) (until such time as (1) the Issuer has submitted any forms to ensure that it receives interest on a
Collateral Debt Security free of withholding tax and has received confirmation from the relevant tax
authority that interest may be paid to it free of withholding tax or (2) the Issuer reasonably believes that
no such tax is payable), the amount which would be withheld in respect of such interest prior to the
receipt of such confirmation;
plus
(h) the amounts received by the Issuer from a Hedge Counterparty pursuant to any Hedge Transaction
(other than an Asset Swap Transaction) in respect of the relevant Due Period (other than any Hedge
Termination Receipt and amounts received from the Initial Hedge Counterparty pursuant to the Initial
Hedge Agreement), if any; and
(i)
the amounts received by the Issuer from a Hedge Counterparty pursuant to an Asset Swap Transaction
which corresponds to those amounts described in paragraph (f) of this definition with respect to a Non-
Euro Collateral Debt Security (and which excludes for the avoidance of doubt, any Hedge Termination
Receipt).
“Interest Determination Date” has the meaning given to it in Condition 6(e)(i) (Rate of Interest).
“Interest Proceeds” means the Euro Interest Proceeds and the Sterling Interest Proceeds.
“Internal Rate of Return” has the meaning given to it in Condition 3 (Status).
“Investec” means Investec Principal Finance, a business unit division of Investec Bank (UK) Ltd.
“Issue Date” means 5 July 2007.
“Issue Date Spot Rate” means the following exchange rate for exchanging respectively, Sterling for Euro,
and Euro for Sterling: Euro 1.0 = Sterling 0.6748, rounded to four decimal places.
“Issuer” means Gresham Capital CLO IV B.V.
“Issuer Dutch Account” means the account in the name of the Issuer with Fortis Bank Nederland N.V.
“Issuer Event of Default” means each of the events defined as such in Condition 10(a) (Events of Default).
“LIBOR” means the London Interbank Offered Rate.
“Liquidity Drawing” means a loan made or to be made under the Liquidity Facility or deemed to be made
under the Liquidity Facility Agreement in a minimum amount of €50,000 (or the Sterling equivalent thereof
at the Issue Date Spot Rate).
“Liquidity Facility” means the liquidity facility granted by the Liquidity Facility Provider to the Issuer
pursuant to the Liquidity Facility Agreement.
“Liquidity Limit” means the maximum amount allowed to be drawn by the Issuer on a Payment Date
pursuant to the terms of the Liquidity Facility Agreement.
“Liquidity Payment” means all amounts due and payable by the Issuer to the Liquidity Facility Provider
under the Liquidity Facility Agreement.
“Liquidity Payment Account” means each of the Euro Liquidity Payment Account and the Sterling
Liquidity Payment Account and “Liquidity Payment Accounts” means both of them.
“Long Dated Securities” means any Collateral Debt Security with a maturity later than the Maturity Date;
provided that, if a Collateral Debt Security has Distributions that would constitute Principal Proceeds that
are scheduled to occur both before and after the Maturity Date, such Collateral Debt Security shall, for the
purpose of determining the Net Portfolio Collateral Balance, be treated as two securities consisting of a
security in respect of which Principal Proceeds and other amounts are scheduled to be paid on or before the
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