VALLAURIS II CLO PLC - Irish Stock Exchange
VALLAURIS II CLO PLC - Irish Stock Exchange
VALLAURIS II CLO PLC - Irish Stock Exchange
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THE TERMS OF THE TRUST DEED. EACH TRANSFEROR OF THIS NOTE WILL<br />
PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS SET FORTH HEREIN<br />
AND IN THE TRUST DEED TO ITS TRANSFEREE.<br />
EACH PURCHASER OF THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN<br />
UNDERSTANDS THAT THE ISSUER MAY RECEIVE A LIST OF PARTICIPANTS<br />
HOLDING POSITIONS IN THE NOTES FROM ONE OR MORE BOOK-ENTRY<br />
DEPOSITORIES.<br />
TRANSFERS OF THIS NOTE OR OF PORTIONS OF THIS NOTE SHOULD BE<br />
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS<br />
SET FORTH IN THE TRUST DEED REFERRED TO HEREIN.<br />
PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN.<br />
ACCORDINGLY, THE PRINCIPAL AMOUNT OUTSTANDING OF THIS NOTE AT<br />
ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE<br />
HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS<br />
CURRENT PRINCIPAL AMOUNT OUTSTANDING BY INQUIRY OF THE<br />
REGISTRAR.<br />
BY ITS PURCHASE OR HOLDING OF ANY RATED NOTES (OTHER THAN<br />
CLASS IV MEZZANINE NOTES), OR ANY INTEREST THEREIN, THE<br />
PURCHASER AND/OR HOLDER THEREOF AND EACH TRANSFEREE WILL BE<br />
DEEMED TO HAVE REPRESENTED, WARRANTED AND AGREED EITHER<br />
THAT (A) IT IS NOT AND WILL NOT BE AN EMPLOYEE BENEFIT PLAN AS<br />
DEFINED IN SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME<br />
SECURITY ACT OF 1974, AS AMENDED (‘‘ERISA’’) AND SUBJECT TO ERISA,<br />
OR A PLAN AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE<br />
CODE OF 1986, AS AMENDED, (THE ‘‘CODE’’) AND SUBJECT TO SECTION 4975<br />
OF THE CODE, OR A GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN<br />
WHICH IS SUBJECT TO ANY FEDERAL, STATE, LOCAL OR NON-U.S. LAW<br />
THAT IS SUBSTANTIALLY SIMILAR TO THE PROVISIONS OF SECTION 406 OF<br />
ERISA OR SECTION 4975 OF THE CODE, OR AN ENTITY WHOSE ASSETS ARE<br />
TREATED AS ASSETS OF ANY SUCH PLAN OR (B) ITS PURCHASE, HOLDING<br />
AND DISPOSITION OF A RATED NOTE (OTHER THAN A CLASS IV<br />
MEZZANINE NOTE), OR ANY INTEREST THEREIN, WILL NOT CONSTITUTE<br />
OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER<br />
SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE AND WILL NOT<br />
CAUSE A NON-EXEMPT VIOLATION OF ANY FEDERAL, STATE, LOCAL OR<br />
NON-U.S. LAW WHICH IS SUBSTANTIALLY SIMILAR TO SECTION 406 OF<br />
ERISA OR SECTION 4975 OF THE CODE. ANY ACQUISITION OR TRANSFER OF<br />
A RATED NOTE (OTHER THAN A CLASS IV MEZZANINE NOTE) IN<br />
VIOLATION OF THE ABOVE RESTRICTIONS SHALL BE VOID AB INITIO.<br />
BY ITS PURCHASE, HOLDING OR DISPOSITION OF A CLASS IV MEZZANINE<br />
NOTE, A SUBORDINATED NOTE OR A STRUCTURED COMBINATION NOTE,<br />
OR ANY INTEREST THEREIN, THE PURCHASER AND/OR HOLDER THEREOF<br />
AND EACH TRANSFEREE WILL BE REQUIRED TO REPRESENT, WARRANT<br />
AND AGREE THAT, AT THE TIME OF ITS ACQUISITION, AND THROUGHOUT<br />
THE PERIOD THAT IT HOLDS SUCH CLASS IV MEZZANINE NOTE, SUCH<br />
SUBORDINATED NOTE OR SUCH STRUCTURED COMBINATION NOTE OR<br />
ANY INTEREST THEREIN, THAT (1) IT IS (i) NOT AN EMPLOYEE BENEFIT<br />
PLAN AS DEFINED IN SECTION 3(3) OF ERISA WHICH IS SUBJECT TO ERISA,<br />
(ii) NOT A PLAN AS DEFINED IN SECTION 4975(e)(1) OF THE CODE WHICH IS<br />
SUBJECT TO 4975 OF THE CODE AND (iii) NOT AN ENTITY WHOSE<br />
UNDERLYING ASSETS INCLUDE ‘‘PLAN ASSETS’’ BY REASON OF SUCH<br />
PLAN’S INVESTMENT IN THE ENTITY (COLLECTIVELY, AN ‘‘ERISA PLAN’’);<br />
AND IF AFTER ITS INITIAL ACQUISITION OF A CLASS IV MEZZANINE NOTE,<br />
A SUBORDINATED NOTE OR A STRUCTURED COMBINATION NOTE OR ANY<br />
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