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

Hedge Counterparty pursuant to paragraph (d) above, amounts received by the Issuer from the Initial Hedge
Counterparty pursuant to an Initial Hedge Agreement, provided that in no event shall Sterling Interest
Proceeds include the €20,000 of capital contributed to the Issuer by the owners of the Issuer’s ordinary
shares in accordance with the Issuer’s Articles of Incorporation. Any determination of the aggregate
amount of Sterling Interest Proceeds with respect to any day during a Due Period will include all Sterling
Interest Proceeds received by the Issuer from and including the first day of the related Due Period to and
including such date of determination and amounts of Sterling Interest Proceeds in respect of a Due Period
shall be determined so that amounts already included in respect of a prior Due Period are not included more
than once.
“Sterling Liquidity Payment Account” means the interest bearing account denominated in Sterling so
named of the Issuer held with the Account Bank established as required pursuant to the terms of the
Liquidity Facility Agreement.
“Sterling Payment Account” means the account so named of the Issuer held with the Account Bank (a)
into which amounts denominated in Sterling shall be transferred by the Collateral Administrator on the
Business Day prior to each Payment Date out of (to the extent applicable) the other relevant Accounts; and
(b) out of which the amounts denominated in Sterling is required to be paid on each Payment Date, each as
provided pursuant to the Priorities of Payment, shall be paid.
“Sterling Principal Account” means the Sterling account so named of the Issuer held with the Account
Bank into which all Sterling Principal Proceeds are to be paid.
“Sterling Principal Proceeds” means with respect to any Due Period, the sum (without duplication) of:
(a) all payments of principal (including prepayments) received in cash by the Issuer during the related Due
Period on the Sterling Collateral Debt Securities purchased by the Issuer and any Sterling denominated
Eligible Investments (other than (i) Uninvested Proceeds, (ii) the amounts referred to in paragraph (c)
of the definition of Sterling Interest Proceeds and (iii) Trading Gains designated as Sterling Interest
Proceeds by the Collateral Manager);
(b) all payments of interest received in cash by the Issuer during the related Due Period on the Sterling
Collateral Debt Securities purchased by the Issuer and any Sterling denominated Eligible Investments
to the extent such payments constitute proceeds from accrued interest purchased with Sterling Principal
Proceeds or with amounts drawn under the Class A1A Notes;
(c) all disposal proceeds received by the Issuer during the related Due Period in respect of Sterling
Collateral Debt Securities purchased by the Issuer and Sterling denominated Eligible Investments,
including without limitation, amounts received in respect of original issue or market discount, but
excluding accrued interest constituting “Sterling Interest Proceeds” under paragraphs (a) or (b) of the
definition of “Sterling Interest Proceeds” and excluding fees and commissions of the type referred to
in paragraph (d) below;
(d) all facility or other up front fees or other similar fees payable to the Issuer in relation to a Sterling
Collateral Debt Security (save for those set out in paragraph (i) below and paragraph (e) of the
definition of “Sterling Interest Proceeds”);
(e) all call, redemption and prepayment premiums received in cash by the Issuer during such Due Period
on the Sterling Collateral Debt Securities purchased by the Issuer and any Sterling denominated
Eligible Investments;
(f)
all interest accrued received in cash realised by the Issuer on any Sterling Collateral Debt Security to
the date of acquisition thereof by the Issuer and purchased with Sterling Principal Proceeds or with
amounts drawn under the Class A1A Notes;
(g) any other amounts received in Sterling (including, without limitation, recovery receipts but excluding
any proceeds from the termination of any Hedge Agreements) by the Issuer during the relevant Due
Period which are not included in the definition of “Sterling Interest Proceeds” and including for the
avoidance of doubt, any Sterling amounts received by the Issuer from the Initial Hedge Counterparty
pursuant to any Initial Hedge Agreement during the related Due Period;
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