ROCKALL CLO B.V. - Irish Stock Exchange

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(f) (g) (h) (i) the Collateral Administration Agreement; each Secured Hedging Agreement; the Pledge Agreement; and the Security and Intercreditor Deed. - 193 -
GLOSSARY € .......................................................................................vii Acceleration Notice ......................................................... 37 Account-Holding Bank .................................................... 38 Accounts ......................................................................... 38 Acquisition Criteria ...................................................... 6, 95 Additional Interest ........................................................... 38 adjusted issue price ...................................................... 173 Administrative Expenses................................................. 38 Advance .................................................................... 5, 154 Advance Rate ................................................................. 98 Affiliate ............................................................................ 38 Affiliated .......................................................................... 38 Agency Agreement ......................................................... 37 Agent............................................................................... 38 Aggregate Counterparty Exposure ................................. 99 Amendment Buy-Out ................................................ 38, 88 Amendment Buy-Out Option........................................... 88 Amendment Buy-Out Purchase Price ............................. 38 Amendment Buy-Out Purchaser ..................................... 38 Amendment Restrictions............................................... 165 Applicable Currency Amendments.................................. 39 Applicable Margin ......................................................... 154 Approved Dealer ........................................................... 100 Approved <strong>Exchange</strong>...................................................... 100 Approved Industry......................................................... 100 Approved Investment Banking Firm.............................. 100 Approved Pricing Service.............................................. 100 Approved Source .......................................................... 100 Approved Third-Party Appraiser ................................... 100 Articles .......................................................................... 139 Asset Category ............................................................. 112 Asset Category A-1 Investments .................................. 112 Asset Category A-2 Investments .................................. 112 Asset Category A-3 Investments .................................. 112 Asset Category A-4 Investments .................................. 112 Asset Category A-5 Investments .................................. 112 Asset Category A-6 Investments .................................. 112 Asset Category B-1 Investments .................................. 112 Asset Category B-2 Investments .................................. 112 Asset Category B-3 Investments .................................. 112 Asset Category B-4 Investments .................................. 112 Asset Category B-5 Investments .................................. 112 Asset Category B-6 Investments .................................. 112 Asset Category B-7 Investments .................................. 112 Asset Category B-8 Investments .................................. 112 Asset Category B-9 Investments .................................. 113 Asset Category C-1 Investments .................................. 113 Asset Category C-2 Investments .................................. 113 Asset Category C-3 Investments .................................. 113 Asset Category D-1 Investments .................................. 113 Asset Category D-2 Investments .................................. 113 Asset Category D-3 Investments .................................. 113 Asset Category E-1 Investments .................................. 113 Asset Category E-2 Investments .................................. 113 Asset Category E-3 Investments .................................. 113 Asset Category F-1 Investments................................... 113 Asset Category F-2 Investments................................... 114 Asset Category F-3 Investments................................... 114 Asset Category I-1 Investments.................................... 114 Asset Category I-10 Investments.................................. 115 Asset Category I-2 Investments.................................... 114 Asset Category I-3 Investments.................................... 114 Asset Category I-4 Investments.................................... 114 Asset Category I-5 Investments.................................... 114 Asset Category I-6 Investments.................................... 114 Asset Category I-7 Investments.................................... 114 Asset Category I-8 Investments .................................... 115 Asset Category I-9 Investments .................................... 115 Asset Category K-1 Investments................................... 115 Asset Category K-2 Investments................................... 115 Asset-Backed Security .................................................. 101 Assignment Agreement................................................. 154 Assignments.................................................................... 21 Associated Mandatory Redemption Class ................ 39, 78 Authorised Denomination................................................ 39 Authorised Integral Amount............................................. 39 Babson Capital.............................................................. 141 Base Conditions .............................................................. 39 Beneficial Owner ........................................................... 134 Benefit Plan Investor ........................................................ iv Blockage Period .............................................................. 39 Blocked Junior Note Interest ........................................... 39 Business Day ............................................................ 39, 55 Busted Convertible Bond .............................................. 101 Calculation Agent ............................................................ 37 Cash.............................................................................. 101 Cash Equivalents .......................................................... 101 CFC............................................................................... 175 Cheapest to Deliver Security......................................... 101 Class ........................................................................... 1, 39 Class A Noteholders ....................................................... 39 Class A Notes ................................................................. 39 Class A-1 Notes ................................................................ 1 Class B Noteholders ....................................................... 39 Class B Notes ................................................................. 39 Class B Notes Advance Amount ................................... 102 Class B Notes Blockage Notice ................................ 39, 60 Class B Notes Blockage Period ...................................... 39 Class B Notes Blockage Trigger Event ........................... 39 Class B Notes Discharge Date........................................ 39 Class B Notes Over-Collateralisation Test.................... 102 Class B Notes Payment Default...................................... 39 Class B-1 Notes ................................................................ 1 Class C Noteholders ....................................................... 39 Class C Notes ................................................................. 40 Class C Notes Advance Amount................................... 102 Class C Notes Blockage Notice ................................ 40, 60 Class C Notes Blockage Period ...................................... 40 Class C Notes Blockage Trigger Event........................... 40 Class C Notes Discharge Date ....................................... 40 Class C Notes Over-Collateralisation Test.................... 102 Class C Notes Payment Default...................................... 40 Class C-1 Notes ................................................................ 1 Class D Noteholders ....................................................... 40 Class D Notes ................................................................. 40 Class D Notes Advance Amount................................... 102 Class D Notes Blockage Notice ................................ 40, 61 Class D Notes Blockage Trigger Event........................... 40 Class D Notes Discharge Date ....................................... 40 Class D Notes Over-Collateralisation Test.................... 102 Class D Notes Payment Default...................................... 40 Class D-1 Notes ................................................................ 1 Class E Commitment ...................................................... 40 Class E Commitment Termination Date.......................... 40 Class E Mandatory Redemption Date....................... 40, 78 Class E Partial Instalment Payment.......................... 40, 56 Class E Partial Instalment Payments ........................ 40, 56 Class E Partial Payment Date................................... 40, 56 Class E Subordinated Note Maturity Date ...................... 40 Class E Subordinated Noteholders ................................. 40 Class E Subordinated Notes ....................................... 1, 40 Class E Subordinated Notes Discharge Date ................. 40 - 194 -
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ROCKALL CLO B.V. (a private limited
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OFFER/INVITATION/DISTRIBUTION RESTR
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Each purchaser of VF Notes and Note
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NOTES AND NOTES HAVE NOT BEEN OFFER
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CONTENTS Page SUMMARY..............
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6 Holders of the Class E-1b Subordi
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Principal Payments on the Notes Red
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Payments (see the section of this O
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for each calendar week and (y) to t
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the Security Trustee shall, if dire
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with the Over-Collateralisation Tes
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ERISA Considerations Limited Recour
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1.7 Removal of Credit Enhancement T
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made until payment in full of all o
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inter-company guarantees such a pro
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orrower. A Selling Institution voti
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may have an associated Secured Hedg
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will be to enable the Custodian, on
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2.25 Disclosure of Portfolio The Is
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Investments to properly plan for ex
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3.12 Volatility of the Class E Subo
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sections of these Risk Factors head
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may also act as counterparty with r
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"Account-Holding Bank" means (a) in
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"Class C Notes" means the Initial I
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(c) (d) (e) (f) Noteholders represe
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"Exchange Date" means a day falling
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"Ledger" means the ledger maintaine
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"Permitted Short-Sale Exposure" mea
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the ratio of (i) the number of days
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accounts so as to effect payment of
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(b) "Unused Class D Notes Commitmen
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and, as the case may be, the Truste
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(c) (d) (iii) Ledger If: (xx) (yy)
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(ii) (iii) Class B Notes Blockage U
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4. Security made with respect to th
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entitled at any time to institute a
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interest rate hedging transactions
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paragraph (a)(vii) of Condition 10
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interest payable in respect of each
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Intercreditor Arrangements shall be
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Redemption Date") provided that Cla
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until all outstanding Senior Indebt
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on the Noteholders. Upon the expiry
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otherwise be due but for the imposi
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(b) (xii) (xiii) (xiv) Final judgme
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(c) (d) 12. Prescription Notes and
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Resolution represents of the aggreg
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(x) (xi) (xii) (xiii) (xiv) (xv) to
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management or operation of the Coll
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20. Specific Conditions Specific Co
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DESCRIPTION OF THE PORTFOLIO AND MA
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(Definitions)) or (2) the Issuer ha
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"Market Value Price" "Advance Rate"
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espect to which Rating Agency Confi
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"Class B Notes Advance Amount" "Cla
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“Dutch Ineligible Securities” "
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"Excluded Issuer Investments" (xi)
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“High Yield Security” “Intere
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“Net Accrual Amount” (vi) (vii)
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Over-Collateralisation Test, the Cl
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of “Caa1” for the purposes of c
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instrumentality thereof. “Pound S
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Purchase Contracts, Short-Sale Cont
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elated Permitted Short-Sale Obligat
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Collateral Manager on its behalf) r
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Asset Category S&P Senior Advance R
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Asset Category Less than or equal t
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Asset Category Less than or equal t
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FORM OF THE VF NOTES AND THE NOTES
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five years (in the case of interest
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2. Book-Entry Ownership (a) (b) DTC
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Closing Date will be required, by v
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RATINGS OF THE NOTES It is a condit
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Mrs Maria Chr. van der Sluijs Plant
Page 151 and 152: There may be circumstances where de
Page 153 and 154: International Business from Northea
Page 155 and 156: DESCRIPTION OF THE COLLATERAL ADMIN
Page 157 and 158: DESCRIPTION OF THE COLLATERAL MANAG
Page 159 and 160: Automatic Termination of the Collat
Page 161 and 162: DESCRIPTION OF THE TERMS AND CONDIT
Page 163 and 164: Replacement of VF-1 Noteholders In
Page 165 and 166: "Interbank Rate Advance" means an A
Page 167 and 168: DESCRIPTION OF THE SECURITY AND INT
Page 169 and 170: Senior Indebtedness or Class B Note
Page 171 and 172: dealings (including in the case of
Page 173 and 174: "Minor Trade" means a sale or other
Page 175 and 176: Specified Notes The conditions cons
Page 177 and 178: any), provided that in relation to
Page 179 and 180: TAX CONSIDERATIONS General For purp
Page 181 and 182: the marketing of the Specified Note
Page 183 and 184: non-contingent principal payments o
Page 185 and 186: discussion below assumes that the I
Page 187 and 188: CERTAIN ERISA CONSIDERATIONS The U.
Page 189 and 190: meets all relevant legal requiremen
Page 191 and 192: This Offering Circular has been pre
Page 193 and 194: TRANSFER RESTRICTIONS Because of th
Page 195 and 196: in a Regulation S Global Note, the
Page 197 and 198: eliminates United States federal in
Page 199 and 200: (4) It acknowledges that the Issuer
Page 201: GENERAL INFORMATION 1. Clearing Sys
Page 205 and 206: Initial Issuance Class B Notes ....
Page 207 and 208: Short-Sale Contract ...............
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ROCKALL CLO B.V. - Irish Stock Exchange

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