ROCKALL CLO B.V. - Irish Stock Exchange

"Exchange Date" means a day falling not less than 30 days after that on which the notice requiring
exchange is given and as which banks are open for business in the city in which the specified office of
the Register and any Transfer Agent is located.
"Excluded Assets" means all of the Issuer's rights, title and interest in and to (a) the Issuer Dutch
Account and any and all amounts standing to the credit thereof and (b) the Management Agreement, as
applicable from time to time.
"Extraordinary Resolution" means an extraordinary resolution as described in Condition 14 (Meetings
of Noteholders, Modification, Waiver and Substitution) and as further described in, and as defined in, the
Trust Deed.
"Fixed Rate Notes" means any Notes providing for the payment of a fixed rate of interest pursuant to
Condition 20 (Specific Conditions).
"Fixed Rate of Interest" has the meaning given thereto in Condition 6(c)(ii) (Interest on Fixed Rate
Notes).
"Floating Rate Notes" means any Notes providing for the payment of a floating rate of interest pursuant
to Condition 20 (Specific Conditions).
"Floating Rate of Interest" has the meaning given thereto in Condition 6(c)(i) (Determination of Floating
Rates of Interest).
"Form-Approved Swap" means a Secured Hedging Transaction the documentation for and structure of
which conforms (save for the amount and timing of periodic payments, the name and the economics of
the relevant Issuer Investment or reference entity, the notional amount, the effective date, the
termination date and other consequential and immaterial changes) to a form previously approved by the
Rating Agencies.
"Global Notes" has the meaning given thereto in Condition 2(a) (Form and Denomination).
"Hedging Arrangement" means any arrangement in respect of an interest rate swap, currency swap,
forward foreign exchange transaction, cap, floor, collar or option transaction entered into or in
connection with protection against or benefit from fluctuation in any rate or price.
"Hedging Representative" means the Trustee, Paying Agent or other similar Representative for the
Secured Hedging Counterparties from time to time appointed by and on behalf of Secured Hedging
Counterparties.
"Holder" means, on any date, with respect to any Notes or VF Notes outstanding, the holder of (or, as
the case may be, the holder of record of) such Notes or VF Notes or the person registered on any
register for such Notes or VF Notes as determined by the Transaction Documents.
"Incentive Fee" has the meaning given thereto in the Collateral Management Agreement.
"Indebtedness" means any obligation (whether incurred as principal or as surety) for the payment or
repayment of money, whether present or future, actual or contingent (including the payment of interest,
fees, costs and expenses and other charges).
"Initial Closing Date" means on or about 21 June 2006 (or such other date as may shortly follow such
date as may be agreed between the Issuer and the Placement Agent and is notified to the Noteholders
in accordance with Condition 16 (Notices) and the Irish Stock Exchange).
"Initial Issuance Class A Notes" means the €100,000,000 Class A-1 Senior Secured Floating Rate
Notes due 2013 issued on the Initial Closing Date.
"Initial Issuance Class B Notes" means the €6,250,000 Class B-1 Secured Floating Rate Notes due
2013 issued on the Initial Closing Date.
"Initial Issuance Class C Notes" means the €12,250,000 Class C-1 Secured Floating Rate Notes due
2013 issued on the Initial Closing Date.
"Initial Issuance Class D Notes" means the €12,250,000 Class D-1 Secured Floating Rate Notes due
2013 issued on the Initial Closing Date.
"Initial Issuance Class E Subordinated Notes" means the Initial Issuance Class E-1a Preferred
Subordinated Notes, the Initial Issuance Class E-1b Subordinated Notes and the Initial Issuance
Class E-2 Subordinated Notes.
"Initial Issuance Class E-1a Preferred Subordinated Notes" means the €41,000,000 Class E-1a
Preferred Subordinated Notes due 2055 issued on the Initial Closing Date.
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