ROCKALL CLO B.V. - Irish Stock Exchange

(e)
(ii)
(iii)
(iv)
(v)
Subject to Condition 6(d)(iii) below, the Interest Payment Amount payable on each
Class of Floating Rate Notes in respect of such Interest Period shall be calculated by
applying the relevant Floating Rate of Interest to the aggregate Principal Amount
Outstanding of the relevant Class of Interest-Bearing Notes on the Payment Date on
which such Interest Period commences (or in the case of the first Interest Period, the
Closing Date) (in each case after deduction therefrom of any payment of principal due
on that Payment Date) and, in each case, multiplying the product of such calculation
by the actual number of days in the Interest Period and dividing by 360, and in each
case rounding the resultant figure to the nearest cent (half a cent being rounded up).
The following shall apply in respect of those Class E Subordinated Notes in
Condition 20 which refer to this Condition 6(d)(iii) thereunder:
In the event that a Class E Partial Instalment Payment has been received on a date
other than a Payment Date, there shall be added to the sums payable in respect of
Class E Subordinated Notes pursuant to Condition 6(d)(ii) a sum for each such
Class E Partial Instalment Payment equal to the product of (a) the aggregate principal
amount of such Class E Partial Instalment Payment, (b) the Rate of Interest applicable
to the Class E Subordinated Notes for the Interest Period in which such Class E
Partial Instalment Payment was received and (c) the number of days from and
including the Class E Partial Payment Date for such Class E Partial Instalment
Payment to but excluding the first Payment Date following such Class E Partial
Payment Date divided by 360.
Interest on Fixed Rate Notes will be calculated on the basis of a 360-day year
consisting of 12 months of 30 days each.
In the case of the first scheduled Interest Period and the last scheduled Interest
Period, the Principal Paying Agent shall determine the rate of interest in accordance
with Condition 6(d) (Determination of Rates of Interest and Calculation of Interest
Payment Amounts) applicable to such Interest Periods in its sole discretion by
interpolating linearly between (i) the available offered rate for the period closest to
and greater than the relevant period and (ii) the available offered rate for the period
closest to and less than the relevant period.
Non-Payment of Interest
Subject to the second paragraph of this Condition 6(e), non-payment of interest on the Class A
Notes or, following redemption in full of the Class A Notes, non-payment of interest (excluding
any Blocked Junior Note Interest applicable thereto) on the Class B Notes or, following
redemption in full of the Class A Notes and the Class B Notes, non-payment of interest
(excluding any Blocked Junior Note Interest applicable thereto) on the Class C Notes or
following redemption in full of the Class A Notes, Class B Notes and Class C Notes,
non-payment of interest (excluding any Blocked Junior Note Interest applicable thereto) on the
Class D Notes shall, if so specified in Condition 20 (Specific Conditions), of the same constitute
an Event of Default in respect of the same. Non-payment of interest on the Class E
Subordinated Notes or failure to disburse any Additional Interest at any time shall not constitute
an Event of Default other than if such Additional Interest comprises sums payable in
satisfaction of the Redemption Price in respect of a Class E Subordinated Note.
Without prejudice to Condition 3(h) (Blockage Periods) and any Blocked Junior Note Interest
accruing thereunder, while (w) any Class A Note is Outstanding any interest payable on any
Class B Notes that would be payable to Class B Noteholders on a Payment Date but is not
paid by reason of the Intercreditor Arrangements shall be added to the Principal Amount
Outstanding of such Class B Notes on such Payment Date and will thereafter cease to be
payable as interest (but will, to the extent permitted by law, bear interest at the applicable Rate
of Interest), (x) any Class A Note or Class B Note is Outstanding, any interest payable on any
Class C Notes that would be payable to Class C Noteholders on a Payment Date but is not
paid by reason of the Intercreditor Arrangements shall be added to the Principal Amount
Outstanding of such Class C Notes on such Payment Date and will thereafter cease to be
payable as interest (but will, to the extent permitted by law, bear interest at the applicable Rate
of Interest), (y) any Class A Note, Class B Note or Class C Note is Outstanding, any interest
payable on any Class D Notes that would be payable to Class D Noteholders on a Payment
Date but is not paid by reason of the Intercreditor Arrangements shall be added to the Principal
Amount Outstanding of such Class D Notes on such Payment Date and will thereafter cease to
be payable as interest (but will, to the extent permitted by law, bear interest at the applicable
Rate of Interest) and (z) any Class A Note, Class B Note, Class C Note or Class D Note is
Outstanding, any interest payable on any Class E Subordinated Notes that would be payable to
Class E Subordinated Noteholders on a Payment Date but is not paid by reason of the
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