VALLAURIS II CLO PLC - Irish Stock Exchange

(P)
(Q)
which consist of Participations and Synthetic Securities from Selling Institutions or
Synthetic Counterparties with a rating of ‘‘A’’ or better from S&P (excluding all such
Participations as are included in (M) above); and
which consist of Structured Finance Securities, and
a statement in respect of each Portfolio Profile Test as to whether such test is satisfied,
together with details of the result of the calculations required to be made in order to make
such determination which details shall include the applicable numbers, levels and/or
percentages resulting from such calculations.
(xxii) any applicable rate of withholding tax on payments under any Collateral Debt Obligations.
2. Note Valuation Report
The Collateral Administrator, on behalf of the Issuer, shall render an accounting report (the
‘‘Note Valuation Report’’), prepared and determined as of each Determination Date, and made
available (by posting on a website (cdotrustee.com) which shall not form a part of this Prospectus) to
the Collateral Manager, the Issuer, the Trustee and, upon written request thereof in accordance with
Condition 4(f) (Information Regarding the Portfolio) any Noteholder and the Rating Agencies not
later than the related Payment Date. Upon receipt of each Note Valuation Report, the Collateral
Administrator, in the name and at the expense of the Issuer, shall notify the Irish Stock Exchange of
the aggregate principal amount outstanding of the Notes of each Class Outstanding after giving effect
to the principal payments, if any, on the next Payment Date. In addition, for so long as any of the
Notes are Outstanding, the Note Valuation Report will be available for inspection at, and copies
thereof may be obtained free of charge upon request from, the Irish Listing Agent. The Note
Valuation Report shall contain the following information:
Portfolio
(i)
(ii)
Notes
(iii)
(iv)
the aggregate of the Principal Balances of, respectively, the Collateral Debt Obligations,
Eligible Investments and Collateral Enhancement Obligations as of the close of business on
such Determination Date;
a list of, respectively, the Collateral Debt Obligations, Eligible Investments and Collateral
Enhancement Obligations indicating the Principal Balance and obligor of each;
the aggregate principal amount outstanding of the Notes of each Class Outstanding and
such aggregate amount as a percentage of the original aggregate amount of the Notes of
such Class Outstanding at the beginning of the Due Period, the amount of principal
payments to be made on the Notes of each Class on the next Payment Date, and the
aggregate amount of the Notes of each Class Outstanding and such aggregate amount as a
percentage of the original aggregate amount of the Notes of such Class Outstanding after
giving effect to the principal payments, if any, on the next Payment Date;
the interest payable in respect of each Class of Notes on the related Payment Date (in the
aggregate and by Class);
Payment Date Payments
(v) the amounts payable pursuant to Condition 3(c)(i) (Application of Interest Proceeds) and
Condition 3(c)(ii) (Application of Principal Proceeds) of the Conditions of the Notes on the
related Payment Date;
(vi)
the Trustee Fees and Expenses and Administrative Expenses payable on the related
Payment Date on an itemised basis;
Accounts
(vii) the Balances standing to the credit of each of the Interest Account and the Principal
Account;
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