Attentus CDO I Offering Circular - Irish Stock Exchange

Interest on the Senior Notes and Distributions on the Subordinated Notes
The Class A-1 Notes will bear interest at a floating rate per annum equal to LIBOR plus 0.37%.
The Class A-2 Notes will bear interest at a floating rate per annum equal to LIBOR plus 0.46%. The
Class B Notes will bear interest at a floating rate per annum equal to LIBOR plus 0.78%. The Class C-1
Notes will bear interest at a floating rate per annum equal to LIBOR plus 1.20%. The Class C-2A Notes
will bear interest at a floating rate per annum equal to LIBOR plus 1.45%. The Class C-2B Notes will
bear interest at a fixed rate of 6.707% per annum prior to and including the Distribution Date occurring in
May 2011 and at a floating rate per annum equal to LIBOR plus 1.45% thereafter. The Class D Notes will
bear interest at a floating rate per annum equal to LIBOR plus 2.75%. The Class E Notes will bear
interest at a floating rate per annum equal to LIBOR plus 5.25%. Interest on the Notes will be computed
on the basis of a 360-day year and the actual number of days elapsed.
Interest will accrue on the Aggregate Outstanding Principal Amount of each Class of Senior
Notes (determined as of the first day of each Interest Period and after giving effect to any redemption or
other payment of principal occurring on such day) from the Closing Date. Interest accruing for any
Interest Period will accrue for the period from and including the first day of such Interest Period to and
including the last day of such Interest Period. In the event that any date identified as a Distribution Date,
Redemption Date or Stated Maturity falls on a day other than a Business Day, the Distribution Date,
Redemption Date or Stated Maturity shall be deemed to be the next succeeding Business Day and with
respect to any Senior Notes, interest that accrues with respect to the period from and after any such
identified date to such next succeeding Business Day shall be payable on such next succeeding Business
Day.
Payments of interest on the Notes will be payable in U.S. dollars quarterly in arrears on
November 10 th , February 10 th , May 10 th and August 10 th of each year commencing on August 10 th , 2006
(each a “Distribution Date”); provided, that (i) the final Distribution Date with respect to the Notes shall
be the Distribution Date occurring in May 2036, and (ii) if any such date is not a Business Day, the
relevant Distribution Date will be the next succeeding Business Day.
So long as any Class of Senior Notes is outstanding, if any Coverage Test applicable to such
Class of Senior Notes is not satisfied on any Determination Date relating to any Distribution Date, then
funds that would otherwise be used to make payments in respect of interest on any Class of Notes
Subordinate to such Class will be used instead to redeem, first, each Class (if any) of Notes Senior to such
Class of Notes (sequentially in direct order of seniority) and, second, such Class of Notes, until each
applicable Coverage Test is satisfied. See “Description of the Offered Notes—Priority of Payments.”
Any interest on the Class C-1 Notes that is not paid when due by operation of the Priority of
Payments will be deferred (such interest being referred to herein as “Class C-1 Deferred Interest”);
provided, that no accrued interest on the Class C-1 Notes shall become Class C-1 Deferred Interest unless
a more Senior Class of Notes is then outstanding. Any interest so deferred will be added to the Aggregate
Outstanding Principal Amount of the Class C-1 Notes and thereafter interest will accrue on the Aggregate
Outstanding Principal Amount of the Class C-1 Notes, as so increased. So long as any Class A Notes or
Class B Notes are outstanding, the failure on any Distribution Date to make payment in respect of interest
on the Class C-1 Notes by reason of the operation of the Priority of Payments will not constitute an Event
of Default under the Indenture. Unless otherwise specified herein, any reference to the principal amount
of a Class C-1 Note includes any Class C-1 Deferred Interest added thereto. Upon the payment of Class
C-1 Deferred Interest previously capitalized as additional principal, the Aggregate Outstanding Principal
Amount of the Class C-1 Notes will be reduced by the amount of such payment.
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