LCP Proudreed PLC - Irish Stock Exchange

‘‘Borrower Security Trustee’’ means, as at the Closing Date, HSBC Trustee (C.I.) Limited, acting
through its principal office at 1 Grenville Street, St. Helier, Jersey, Channel islands JE4 9PF;
‘‘Business Day’’ means a day (other than a Saturday or a Sunday) on which commercial banks are
open for general business in London and Dublin;
‘‘Calculation Date’’ means, in relation to any Interest Payment Date, the day falling on the fifth
Business Day prior to such Interest Payment Date;
‘‘Cash Manager’’ means, as at the Closing Date, HSBC Bank plc acting through its office at 8 Canada
Square, London, E14 5HQ;
‘‘Cash Trap Account’’ means the account held with the Account Bank in the name of the relevant
Borrower with account number 59426424 (in the case of L.C.P. Real Estate Limited) or account
number 59427007 (in the case of Proudreed Real Estate Limited);
‘‘Class’’ means the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes or
any combination of them;
‘‘Class A Noteholders’’ means the holders of the Class A Notes;
‘‘Class A Notes’’ means the Original Class A Notes and, where the context requires, any Further
Class A Notes;
‘‘Class B Noteholders’’ means the holders of the Class B Notes;
‘‘Class B Notes’’ means the Original Class B Notes and, where the context requires, any Further
Class B Notes;
‘‘Class C Noteholders’’ means the holders of the Class C Notes;
‘‘Class C Notes’’ means the Original Class C Notes and, where the context requires, any Further
Class C Notes;
‘‘Class D Noteholders’’ means the holders of the Class D Notes;
‘‘Class D Notes’’ means the Original Class D Notes and, where the context requires, any Further
Class D Notes;
‘‘Clearstream, Luxembourg’’ means Clearstream Banking, société anonyme;
‘‘Closing Date’’ means 25 October 2005 or such later date as may be agreed between the Issuer, the
Borrowers and the Joint Lead Managers;
‘‘Commercial Mortgage Loan’’ means each or any of the secured commercial mortgage loans made
by the Issuer to a Borrower in accordance with the relevant Commercial Mortgage Loan
Agreement;
‘‘Commercial Mortgage Loan Agreement’’ means (1) the loan agreement between inter alios, L.C.P.
Real Estate Limited and the Issuer dated the Closing Date; and/or (2) the loan agreement between,
inter alios, Proudreed Real Estate Limited and the Issuer dated the Closing Date, or both as the
context requires;
‘‘Common Depositary’’ means HSBC Bank plc, as common depositary on behalf of Euroclear and
Clearstream, Luxembourg;
‘‘Conditions’’ means these terms and conditions;
‘‘Couponholders’’ means the holders from time to time of the Coupons;
‘‘Coupons’’ means the bearer interest coupons in, or substantially in, the form set out in Schedule 4
(Form of Coupon) to the Note Trust Deed and for the time being outstanding or, where the context
requires, a specific number of them and includes (where applicable) the Talons in respect of such
Coupons;
‘‘Coupon Sheet’’ has the meaning given to it in Condition 7(i) (Payments – Exchange of Talons);
‘‘Declaration of Trust’’ means a declaration of trust deed dated on or about the Closing Date and
made by SPV Advisors Limited;
‘‘Defaulting Party’’ has the meaning given to it in the 2000 ISDA Definitions;
138