LCP Proudreed PLC - Irish Stock Exchange

(g) an amount in respect of profit to the Issuer equal to the sum of (i) 0.01 per cent. of all interest and
other amounts (including in respect of other elements of the On-going Facility Fee) received or
receivable by the Issuer on the relevant Loan Interest Payment Date and (ii) £13,500 (to be reduced
pro tanto with any payment made in respect of this item (g)(ii) on any preceding Loan Interest
Payment Date);
(h) any amounts payable in respect of Liquidity Subordinated Amounts due to the Liquidity Facility
Provider under the Liquidity Facility Agreement;
(i) any amounts payable in respect of Hedging Subordinated Amounts due to the Hedging Providers
under the Hedging Agreements;
(j) any amounts of interest and principal payable to the Liquidity Facility Provider under the Liquidity
Facility Agreement by reason of the Issuer drawing advances under the Liquidity Facility
Agreement to meet a Liquidity Shortfall arising due to a Borrower not making payment in full of
all amounts owed under its Commercial Mortgage Loan on the due date for such payments; and
(k) any amounts payable to the Hedging Providers by way of Hedging Termination Payments in respect
of the Hedging Agreements arising as a result of the Issuer adjusting its hedging activities to reflect
a prepayment by a Borrower under its Commercial Mortgage Loan;
Original Class A Notes means the £243,800,000 Class A Secured Floating Rate Notes due 2016 issued on
the Closing Date;
Original Class B Notes means the £32,200,000 Class B Secured Floating Rate Notes due 2016 issued on
the Closing Date;
Original Class C Notes means the £36,800,000 Class C Secured Floating Rate Notes due 2016 issued on
the Closing Date;
Original Class D Notes means the £9,200,000 Class D Secured Floating Rate Notes due 2016 issued on the
Closing Date;
Original Notes means the Original Class A Notes, the Original Class B Notes, the Original Class C Notes
and the Original Class D Notes or, where the context so requires, any of them;
Original Permanent Global Note means, in respect of each Class of Original Notes, the bearer permanent
global note for that Class in, or substantially in, the form set out in Schedule 2 (Form of Permanent Global
Note) to the Note Trust Deed;
Original Temporary Global Note means, in respect of each Class of Original Notes, the bearer temporary
global note for that Class in, or substantially in, the form set out in Schedule 1 (Form of Temporary Global
Note) to the Note Trust Deed;
Outgoing Property means a Secured Property to be substituted by an Incoming Property;
outstanding means, in relation to the Notes, all the Notes other than:
(a) those which have been redeemed in full in accordance with the Conditions;
(b) those in respect of which the date for redemption in accordance with the Conditions has occurred
and for which the redemption monies (including all interest and other amounts (if any) accrued
thereon to such date for redemption) have been duly paid to the Principal Paying Agent or the Note
Trustee in accordance with the Agency Agreement (and, where appropriate, notice to that effect has
been given to the Noteholders in accordance with Condition 19 (Notices and Information)) and
remain available for payment in accordance with the Conditions;
(c) those which have become void under Condition 8 (Prescription);
(d) those mutilated or defaced Notes which have been surrendered or cancelled and in respect of which
replacement Notes have been issued pursuant to Condition 18 (Replacement of Notes, Coupons and
Talons);
(e) the Temporary Global Note of any Class, to the extent interests in it shall have been exchanged for
interests in the Permanent Global Note of that Class, or the Permanent Global Note of any Class,
to the extent that it shall have been exchanged for Definitive Notes of that Class or, in the case of
an Original Permanent Global Note, for a Further Permanent Global Note of that Class; and
(f) (for the purpose only of ascertaining how many Notes are outstanding and without prejudice to their
status for any other purpose) those Notes which are alleged to have been lost, stolen or destroyed
and in respect of which replacements have been issued pursuant to Condition 18 (Replacement of
Notes, Coupons and Talons),
200