LCP Proudreed PLC - Irish Stock Exchange

SCHEDULE OF DEFINED TERMS
The following terms apply throughout this Offering Circular unless the context otherwise requires.
1995 Act means the Landlord and Tenant (Covenants) Act 1995;
Account Bank means, as at the Closing Date, HSBC Bank plc acting through its office at 8 Canada Square,
London, E14 5HQ;
Account Bank and Cash Management Agreement means (1) the account bank and cash management
agreement dated on or about the Closing Date between LCP Real Estate, the Cash Manager, the Account
Bank and the Borrower Security Trustee, and/or (2) the account bank and cash management agreement
dated on or about the Closing Date between Proudreed Real Estate, the Cash Manager, the Account
Bank and the Borrower Security Trustee, and/or (3) the account bank and cash management agreement
dated on or about the Closing Date between the Issuer, the Cash Manager, the Account Bank and the
Issuer Security Trustee, or all of them as the context requires;
Accountholder means each Borrower and the Issuer;
Accounting Standards Board means the Accounting Standards Board of the United Kingdom or such
replacement body as is from time to time recognised under the Companies Act 1985 for the purpose of
issuing accounting standards;
Accounts means the Borrower Accounts or the Issuer Accounts or both, as the context requires;
Acquisition Consideration means the consideration payable in respect of an Additional Secured Property,
excluding all associated costs, taxes (including VAT) and expenses incurred by the relevant Borrower;
Additional Loan means a Further Loan and/or a New Loan;
Additional Notes means any Further Notes and/or any New Notes;
Additional Secured Property means any new freehold or long leasehold property within one or more of the
retail, industrial and office sectors located in England, Wales or Scotland which the Borrowers may
acquire from time to time using monies credited to the Disposal Proceeds Account and/or other sums
available to the Borrowers and which can be used for such purpose or any combination thereof and which,
in any such case, complies with the criteria set out in the relevant Commercial Mortgage Loan Agreement
and which has not been subsequently disposed of in accordance with the relevant Commercial Mortgage
Loan Agreement;
Adjusted Principal Amount Outstanding means, on any date in relation to a Note, the Principal Amount
Outstanding of that Note after deducting the Principal Losses allocated to that Note in accordance with
Condition 6(e) on or prior to that date;
Administrator means any person (being a licensed insolvency practitioner), who is appointed by the Issuer
Security Trustee (whether out of court or otherwise) to act jointly, or jointly and severally, as an
administrator of the Issuer or of all or any part of the Issuer Charged Property;
Advance means the aggregate principal amount of all Liquidity Drawings and any Liquidity Facility
Standby Drawings for the time being outstanding;
Agency Agreement means an agency agreement dated on or about the Closing Date and made between,
inter alios, the Issuer, the Issuer Security Trustee and the Agents pursuant to which provision is made for,
inter alia, the payment of interest and repayment of principal in respect of the Notes;
Agent Bank means, as at the Closing Date, HSBC Bank plc, acting through its office at 8 Canada Square,
London, E14 5HQ;
Agents means the Paying Agents and the Agent Bank or, where the context requires, any of them;
Agreed Form of Certificate of Title means the City of London Law Society Land Law Sub-Committee Long
Form Certificate of Title (5 th Edition or any subsequent updated edition);
Agreed Form of Security means:
(a) in the case of real estate situated in England and Wales, a first-ranking charge by way of a legal
mortgage;
(b) in the case of property situated outside England and Wales, such other form of security as may be
agreed from time to time between the Borrowers and the Borrower Security Trustee as being
equivalent in all material respects to a first-ranking charge by way of a legal mortgage over property
situated in England and Wales;
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