ROCKALL CLO B.V. - Irish Stock Exchange

"Class B Notes Advance Amount"
"Class B Notes
Over-Collateralisation Test"
"Class C Notes Advance Amount"
"Class C Notes
Over-Collateralisation Test"
"Class D Notes Advance Amount"
"Class D Notes
Over-Collateralisation Test"
"Collateral Manager"
"Credit Default Exposure Contract"
"Credit Default Protection
Adjustments"
"Credit Default Protection Advance
Amount"
means the lesser of (A) the S&P Advance Amount calculated using
the S&P Class B Notes Advance Rates and (B) the Moody's Advance
Amount calculated using the Moody's Class B Notes Advance Rates.
is a test that is satisfied as of any Business Day if (a) the sum, as of
such Business Day, of (i) the Principal Amount Outstanding of Senior
Indebtedness and (ii) the Principal Amount Outstanding of the
Class B Notes Indebtedness is less than or equal to (b) the Class B
Notes Advance Amount.
means the lesser of (A) the S&P Advance Amount calculated using
the S&P Class C Notes Advance Rates and (B) the Moody's Advance
Amount calculated using the Moody's Class C Notes Advance Rates.
is a test that is satisfied as of any Business Day if (a) the sum, as of
such Business Day, of (i) the Principal Amount Outstanding of Senior
Indebtedness, (ii) the Principal Amount Outstanding of the Class B
Notes and (iii) the Principal Amount Outstanding of Class C Notes
Indebtedness is less than or equal to (b) the Class C Notes Advance
Amount.
means the lesser of (A) the S&P Advance Amount calculated using
the S&P Class D Notes Advance Rates and (B) the Moody's Advance
Amount calculated using the Moody's Class D Notes Advance Rates.
is a test that is satisfied as of any Business Day if (a) the sum, as of
such Business Day, of (i) the Principal Amount Outstanding of Senior
Indebtedness, (ii) the Principal Amount Outstanding of Class B Notes
Indebtedness, (iii) the Principal Amount Outstanding of Class C
Notes Indebtedness and (iv) the Principal Amount Outstanding of
Class D Notes Indebtedness is less than or equal to (b) the Class D
Notes Advance Amount.
means Babson Capital Europe Limited.
means a Hedging and Short-Sale Transaction (in the form of a
Form-Approved Swap or a form otherwise approved by S&P pursuant
to a Rating Agency Confirmation for the purposes of calculating the
S&P Advance Amount or by Moody's pursuant to a Rating Agency
Confirmation for the purposes of calculating the Moody's Advance
Amount) having a Reference Security of an obligor that has in excess
of €100 million of indebtedness outstanding or is an index at the time
the Credit Default Exposure Contract is entered into and pursuant to
which (1) the Issuer receives periodic payments from an Eligible
Counterparty and (2) the Issuer agrees to purchase a Reference
Security that is a debt security (or pay settlement amounts calculated
based upon a reduction in the market value of such Reference
Security) upon the occurrence of certain credit-related events with
respect to such Reference Security or such Reference Security's
obligor.
means, with respect to any Credit Default Protection Contract, an
amount equal to the product of (a) the periodic payment on the
notional amount of such Credit Default Protection Contract expressed
as an annualised percentage of the notional amount, (b) 1 minus the
Advance Rate for the Reference Security for such Credit Default
Protection Contract, (c) the term of such Credit Default Protection
Contract expressed in years (rounded to a tenth of a year) and (d) the
notional amount of such Credit Default Protection Contract.
means an amount equal to (1) the sum, for each Credit Default
Protection Contract with a positive or zero Market Value, of the
greater of (A) (i) the product of (x) the Market Value of such Credit
Default Protection Contract and (y) the Advance Rate for such Credit
Default Protection Contract's Reference Security minus (ii) the Credit
Default Protection Adjustment for such Credit Default Protection
Contract and (B) the product of (i) negative one and (ii) the aggregate
of all periodic payments payable by the Issuer through the expiration
of such Credit Default Protection Contract plus (2) the sum, for each
Credit Default Protection Contract with a negative Market Value, of
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