ROCKALL CLO B.V. - Irish Stock Exchange

“Dutch Ineligible Securities”
"Eligible Assets"
"Eligible Counterparty"
"Eligible Foreign Currencies"
"Eligible Selling Institution"
means all securities, interests in securities or instruments which are
convertible to securities:
(i)
(ii)
which are bearer instruments (effecten aan toonder)
physically located in The Netherlands or registered shares
(aandelen op naam) in a Netherlands corporate entity where
the Issuer owns such bearer instruments or registered
shares directly and in its own name; or
the purchase or acquisition of which by or on behalf of the
Issuer would cause the breach of applicable selling or
transfer restrictions or of applicable Dutch laws relating to
the offering of securities or of collective investment
schemes.
means financial assets, either fixed or revolving, that by their terms
convert into cash within a finite time period plus any rights or other
assets designed to assure the servicing or timely distribution of
proceeds to security holders.
means with respect to any Hedging and Short-Sale Transaction
(a) for the purposes of calculating the S&P Advance Amount, any
counterparty thereto: (i) satisfying the Rating Requirement or
(ii) which has (x) posted collateral with the Issuer within 30 calendar
days of ceasing to satisfy the Rating Requirement, (y) has a
short-term S&P issuer credit rating of at least "A-3" and a long-term
S&P issuer credit rating of at least "BBB-" and (z) with respect to
whom Rating Agency Confirmation has been received from S&P;
provided that if any such counterparty ceases to satisfy the Rating
Requirement after the date such Hedging and Short-Sale Transaction
was executed then the same shall be deemed to be an "Eligible
Counterparty" for a period of 30 calendar days from the date of such
cessation and (b) for the purposes of calculating the Moody's
Advance Amount, (i) any Person satisfying the Rating Requirement,
(ii) any counterparty to a Hedging and Short-Sale Transaction who
has posted collateral with the Issuer and with respect to whom Rating
Agency Confirmation has been received from Moody's or (iii) with
respect to a Credit Default Exposure Contract, a counterparty with a
short-term Moody's rating of "P-2" or whose obligations in respect of
such Credit Default Exposure Contract are absolutely and
unconditionally guaranteed by a Person having such a rating or, if
such Person (or its guarantor) does not have such a short-term
rating, then such Person (or its guarantor) has a long-term Moody's
senior unsecured rating of "A1", in either case who has posted to,
and maintained with, the Issuer collateral in an amount at least equal
to one periodic payment due on such Credit Default Exposure
Contract to the Issuer; provided that if any such Person ceases to
satisfy the Rating Requirement after the date such Hedging and
Short-Sale Transaction was executed, then such Person shall be
deemed to be an "Eligible Counterparty" for a period of 30 calendar
days from the date of such cessation provided further that each
counterparty or Person has the regulatory capacity, as a matter of
Dutch law, to enter into derivatives transactions with Dutch residents.
means (i) Canadian Dollars, Pounds Sterling, U.S. Dollars and the
currency of any G-7 nation, Australia, Denmark, New Zealand,
Norway, Sweden, Switzerland, Iceland or any country that has been
invited to join the European Union and which has a foreign currency
issuer credit rating of at least "AA-" from S&P for the purposes of
calculating the S&P Advance Amount or a long-term sovereign debt
rating of at least "Aa2" from Moody's for the purposes of calculating
the Moody's Advance Amount and (ii) each other currency identified
by the Issuer (or the Collateral Manager on its behalf) from time to
time and confirmed by S&P and/or Moody's (as the case may be)
pursuant to a Rating Agency Confirmation and in writing as
acceptable by the Designated Approval Representative.
means, with respect to any Participation, any selling institution
satisfying the Rating Requirement; provided that if any such selling
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