LCP Proudreed PLC - Irish Stock Exchange

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, LCP Real
Estate and the Issuer dated the Closing Date; and/or (2) the loan agreement between, inter alios,
Proudreed Real Estate and the Issuer dated the Closing Date, or both as the context requires;
Commitment Period means the period commencing on the Closing Date and concluding on the day which
is 364 days after the Closing Date (including, for the purpose of counting such number of days, the Closing
Date) or such other date which may be the last day of any new Commitment Period agreed pursuant to
the terms of the Liquidity Facility Agreement;
Committee means the Basel Committee on Banking Supervision;
Common Depositary means HSBC Bank plc, as common depositary on behalf of Euroclear and
Clearstream, Luxembourg;
Companies Court means the UK court undertaking work in connection with, among other things, the
winding up of companies that was established under the Companies (Winding up) Act 1890;
Conditions means the terms and conditions applicable to the Notes, as set out in the Note Trust Deed and
as may be modified in accordance with the Note Trust Deed and any reference to a particular numbered
Condition shall be construed accordingly and references in the Conditions to paragraphs shall be
construed as paragraphs of such Conditions;
Contingent Tax Security Account means the deposit account held with the Account Bank in the name of
the relevant Borrower, with account number 59430541 (in the case of LCP Real Estate) or account
number 59429922 (in the case of Proudreed Real Estate), in each case established and maintained in
accordance with the relevant Tax Deed of Covenant;
Couponholders means the holders from time to time of the Coupons;
Coupon Sheet has the meaning given to it in Condition 7(i) (Payments – Exchange of Talons);
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;
CPO Disposal means a disposal of the whole or part of a Disposal Property in connection with a
compulsory purchase order;
Dangerous Substance means any controlled, hazardous, special, toxic, radioactive or other dangerous
emissions or waste and any natural or artificial substance in any form (whether alone or in combination
with any other emission or substance) which is capable of causing material harm to humans or any other
living organism or damaging the Environment or public health or welfare;
Declaration of Trust means a declaration of trust deed dated on or about the Closing Date and made by
the Share Trustee;
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