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ROCKALL CLO B.V. - Irish Stock Exchange

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five years (in the case of interest) and ten years (in the case of principal) from the date on which any<br />

payment first becomes due.<br />

• Meetings<br />

The holder of each Global Note will be treated as being two persons for the purposes of any quorum<br />

requirements of, or the right to demand a poll at, a meeting of Noteholders and, at any such meeting, as<br />

having one vote in respect of each €1,000 of principal amount of Notes for which the relevant Global<br />

Note may be exchanged.<br />

• Trustee's Powers<br />

In considering the interests of Noteholders while the Global Notes are held on behalf of a clearing<br />

system, the Trustee may have regard to any information provided to it by such clearing system or its<br />

operator as to the identity (either individually or by category) of its account holders with entitlements to<br />

each Global Note and may consider such interests as if such account holders were the holders of any<br />

Global Note. The Trustee shall have regard to the interests of the VF Noteholders only in relation to<br />

instructions provided to it by the Controlling Class.<br />

• Cancellation<br />

Cancellation of any Note required by the relevant conditions to be cancelled will be effected by reduction<br />

in the principal amount of the Notes on the Register with a corresponding notation made in the related<br />

Global Note.<br />

• Optional Redemption<br />

Any option of the Noteholders in Condition 7(b) (Optional Redemption) or Condition 7(d) (Redemption<br />

for Tax Reasons) may be exercised by the holder of any Global Note giving notice to the Registrar of the<br />

principal amount of Notes in respect of which the option is being exercised and presenting such<br />

certificate for endorsement of exercise within the time limit specified in Condition 7(b) (Optional<br />

Redemption) or Condition 7(d) (Redemption for Tax Reasons), as the case may be.<br />

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