ROCKALL CLO B.V. - Irish Stock Exchange

"Relevant Margin" in respect of any Floating Rate Notes means the margin specified as such in
Condition 20 (Specific Conditions) applicable thereto.
"Relevant Outstanding Class" has the meaning given thereto in Condition 17 (Further Issues).
"Replacement Rating Agency" has the meaning given thereto within the definition of "Rating Agency".
"Report" means the Over-Collateralisation Test Report together with any other report furnished by the
Issuer pursuant to the Collateral Management Agreement.
"Repository" means the internet-based password-protected electronic repository of transaction
documents relating to privately offered and sold collateralised debt obligation securities located at
"http://www.cdolibrary.com". 1
"Representative" means (i) the VFN Agent under a VF Instrument, (ii) the Trustee, and (iii) the Hedging
Representative and (iv) the Persons identified as such in relation to Issuer Indebtedness issued after the
Initial Closing Date.
"Resolution" means any Ordinary Resolution or Extraordinary Resolution.
"Restricted Payment Provisos" means in relation to the making of any payment to which these
provisos are specified to apply that, immediately after making the same: (i) no Transaction Default or
Transaction Event of Default shall have occurred and be continuing, (ii) no Over-Collateralisation Failure
shall have occurred and be continuing and (iii) no circumstances have arisen which would call into
question the accuracy, as at the date that the same was given, in any material respect of any
representation or warranty of the Issuer in the Security Documents and the Transaction Documents.
"Restriction Notice" means any of an Acceleration Notice and/or Liquidation Direction.
"Rule 144A" means Rule 144A under the Securities Act.
"Rule 144A Notes" means the VF Notes in definitive form or Notes represented by a Rule 144A Global
Note, Definitive Notes issued pursuant thereto or Definitive Notes which, on issue, are sold in reliance
on Rule 144A.
"Rule 144A Global Note" means a Global Note representing VF Notes or Notes which are (or, at any
time, may be) sold in reliance on Rule 144A.
"S&P" means Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. and
any successor to its rating business.
"Secured Creditors" means the Placement Agent, the Noteholders, the Collateral Manager, the
Collateral Administrator, the Trustee, any receiver appointed by the Trustee pursuant to the terms of any
security document, the Security Trustee, any Secured Hedging Counterparty, any VF Noteholder and
the Agents.
"Secured Hedging Agreement" means any agreement evidencing or documenting a Secured Hedging
Transaction.
"Secured Hedging Counterparty" means a counterparty to a Secured Hedging Transaction which
satisfies the relevant Rating Requirement for the same and has the Dutch regulatory capacity to enter
into derivatives transactions with residents of The Netherlands.
"Secured Obligations" means all present and future obligations and liabilities (whether in respect of
principal, interest or otherwise, whether actual or contingent, whether owed jointly or severally and
whether owed as principal or surety or in any other capacity) of the Issuer to the Secured Creditors (or
any of them) under or in relation to any one or more of the Transaction Documents.
"Securities Act" means the U.S. Securities Act of 1933, as amended.
"Security Documents" means the Security and Intercreditor Deed, Pledge Agreement and any other
document which purportedly creates security in favour of the Security Trustee from time to time
executed by the Issuer including, without limitation, the security created pursuant to Condition 4(a)
(Security).
"Security Interest" means (a) a mortgage, charge, pledge, lien or other encumbrance or security
interest securing any obligation of any person, (b) any arrangement under which money or claims to, or
the benefit of, a bank or other account may be applied, set-off or made subject to a combination of
1
This website does not form part of this Offering Circular.
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