VALLAURIS II CLO PLC - Irish Stock Exchange

More documents

Recommendations

Info

Maximum Portfolio Rating Test.............................................................................................................194 Measurement Date.............................................................................................................................69, 190 Mezzanine Coverage Tests ........................................................................................................................69 Mezzanine Interest Coverage Tests ...........................................................................................................69 Mezzanine Noteholders .............................................................................................................................69 Mezzanine Notes.................................................................................................................................... i, 53 Mezzanine Obligation ................................................................................................................................69 Mezzanine Par Value Tests .......................................................................................................................70 Minimum Denomination ...........................................................................................................................70 Minimum Diversity Test..........................................................................................................................191 Minimum Retained Portion Release Amount ..........................................................................................78 Minimum Weighted Average Spread Test ..............................................................................................198 Monthly Report .................................................................................................................................70, 212 Moody’s ...........................................................................................................................................i, 19, 70 Moody’s Minimum Weighted Average Recovery Rate Test..................................................................199 Moody’s Rating ...............................................................................................................................167, 194 Moody’s Rating Factor ...........................................................................................................................197 Moody’s Recovery Rate ....................................................................................................................82, 199 Moody’s Weighted Average Recovery Rate ...........................................................................................200 Natexis Zero Coupon Collateral ...............................................................................................................70 Natexis Zero Coupon Notes .....................................................................................................................70 Natexis Zero Coupon Notes Custody Account........................................................................................70 Natexis Zero Coupon Notes Pledge Agreement.......................................................................................70 Natexis Zero Coupon Notes Portion........................................................................................................70 Natexis Zero Coupon Security Component......................................................................................... 4, 70 Non-Call Period.........................................................................................................................................70 Non-Euro Notional Amount...................................................................................................................180 Non-Euro Obligation.......................................................................................................................... 13, 70 Non-Permitted Holder .................................................................................................................. 49, 70, 85 non-U.S. Holder ......................................................................................................................................234 Note EURIBOR ......................................................................................................................................199 Note Valuation Report......................................................................................................................71, 214 Noteholders ................................................................................................................................................71 Noteholders Subject to the Investment Tax Act ....................................................................................219 Notes ........................................................................................................i, 53, 54, 135, 225, 247, 250, 253 Notice of Default.....................................................................................................................................126 OAT Custody Account..............................................................................................................................71 OAT Relevant Sale Portion ......................................................................................................................71 OAT Sale Formula ....................................................................................................................................71 OAT Security Component.................................................................................................................... 3, 71 OAT Strips............................................................................................................................................ 3, 71 OAT Strips Collateral................................................................................................................................71 265
OAT Strips Pledge Agreement ..................................................................................................................71 OAT Strips Portion ...................................................................................................................................71 OAT Strips Sale Proceeds .........................................................................................................................71 Obligor Principal Balance........................................................................................................................191 Offer ...................................................................................................................................................71, 166 Offering ...................................................................................................................................................... iv offshore transactions..................................................................................................................................19 OID ..........................................................................................................................................................225 operating company ..................................................................................................................................237 Ordinary Resolution ..................................................................................................................................72 Outstanding................................................................................................................................................72 over-the-counter-transaction ....................................................................................................................220 Overcollateralisation Tests.........................................................................................................................72 Par Coverage Numerator ..........................................................................................................................72 Participants...............................................................................................................................................142 Participation .......................................................................................................................................72, 180 Participation Agreement ............................................................................................................................72 Participations..............................................................................................................................................28 Paying Agents ............................................................................................................................................54 Payment Account.......................................................................................................................................72 Payment Date ....................................................................................................................................i, 6, 73 Person.........................................................................................................................................................73 PFIC.........................................................................................................................................................228 plan assets ........................................................................................................................................237, 238 Plan Assets Regulation ............................................................................................................................237 Plans ...................................................................................................................................................48, 237 PMP .........................................................................................................................................................242 PMPs ................................................................................................................................................242, 243 Portfolio .....................................................................................................................................................73 portfolio interest exemption ....................................................................................................................223 Portfolio Profile Tests................................................................................................................................73 Portfolio Weighted Average Life ............................................................................................................194 Potential Event of Default ........................................................................................................................73 pounds sterling........................................................................................................................................... iv Pre-Approved Form...................................................................................................................................73 Prepayment Receipts................................................................................................................................182 Presentation Date.......................................................................................................................................73 Principal Account ......................................................................................................................................73 Principal Amount.....................................................................................................................................169 principal amount outstanding....................................................................................................................73 Principal Balance .......................................................................................................................................73 Principal Paying Agent ..............................................................................................................................54 266
Page 1 and 2:
Prospectus dated 26 July 2006 VALLA
Page 3 and 4:
information is in accordance with t
Page 5 and 6:
AVAILABLE INFORMATION To permit com
Page 7 and 8:
Page 4. Final Effective Date ......
Page 9 and 10:
The Collateral Administrator: Branc
Page 11 and 12:
Class VI Structured Combination Not
Page 13 and 14:
Use of Proceeds: Priorities of Paym
Page 15 and 16:
Collateral Quality Tests Overcollat
Page 17 and 18:
Principal Repayments: Reinvestment
Page 19 and 20:
Redemption upon an Effective Date R
Page 21 and 22:
Purchase of Collateral Debt Obligat
Page 23 and 24:
their respective functions under th
Page 25 and 26:
Treatment of Interest Proceeds: Acc
Page 27 and 28:
Authorised Denominations: Form, Reg
Page 29 and 30:
The Depositary: Additional Issuance
Page 31 and 32:
Component. In addition, Class VI St
Page 33 and 34:
the obligor group. Second Lien Loan
Page 35 and 36:
eferred to herein as ‘‘Particip
Page 37 and 38:
Collateral Debt Obligation is enter
Page 39 and 40:
Collateral Manager. The need to sat
Page 41 and 42:
subject the Notes to an additional
Page 43 and 44:
that Collateral Debt Obligations is
Page 45 and 46:
3.4 Subordination of Structured Com
Page 47 and 48:
3.9 Mandatory Redemption of the Not
Page 49 and 50:
compensate for such withholding tax
Page 51 and 52:
Condition 14(b) (Modification and W
Page 53 and 54:
investment decisions for the Issuer
Page 55 and 56:
In relation to the disposal of asse
Page 57 and 58:
Investment Tax Act (the ‘‘Inves
Page 59 and 60:
another member state, except that A
Page 61 and 62:
payments, distributions, votes or c
Page 63 and 64:
in each case, including any value a
Page 65 and 66:
‘‘Class IV Interest Coverage Ra
Page 67 and 68:
‘‘Credit Improved Obligation’
Page 69 and 70:
Balance of all Collateral Debt Obli
Page 71 and 72:
‘‘Effective Date Requirements
Page 73 and 74:
next following Payment Date, an amo
Page 75 and 76:
‘‘Interest Determination Date
Page 77 and 78:
(a) a secured mezzanine loan or oth
Page 79 and 80:
such obligation to purchase or othe
Page 81 and 82:
(e) the Principal Balance of any Co
Page 83 and 84:
(b) any Subordinated Note to be red
Page 85 and 86:
(d) the retention of such Retained
Page 87 and 88:
‘‘Securities Act’’ means th
Page 89 and 90:
(a) such Synthetic Security will no
Page 91 and 92:
2. Form and Denomination, Title, Tr
Page 93 and 94:
more bids from one or more brokers
Page 95 and 96:
(2) any Interest Rate Hedge Termina
Page 97 and 98:
(X) (Y) (Z) at the option of the Co
Page 99 and 100:
III Mezzanine Notes, in whole or in
Page 101 and 102:
Failure to Appoint a Replacement Co
Page 103 and 104:
Obligation (save in the case of (i)
Page 105 and 106:
the avoidance of doubt, any schedul
Page 107 and 108:
(BB) termination of the Interest Ra
Page 109 and 110:
(b) (c) (d) at any time in repaymen
Page 111 and 112:
(I) (J) (K) (L) The Retained Portio
Page 113 and 114:
pursuant thereto provided that such
Page 115 and 116:
amount being referred to herein as
Page 117 and 118:
(b) (viii) pay its debts generally
Page 119 and 120:
Notes in accordance with Condition
Page 121 and 122:
nearest one hundred-thousandth of a
Page 123 and 124:
the Class II Senior Notes the Class
Page 125 and 126:
(A) (B) (C) in respect of each Coll
Page 127 and 128:
immediately prior to the related Pa
Page 129 and 130:
(C) (D) the Collateral Administrato
Page 131 and 132:
(b) (c) on the Register at the clos
Page 133 and 134:
(d) as a result of presentation for
Page 135 and 136:
(d) (e) (i) (ii) If an Event of Def
Page 137 and 138:
12. Prescription (a) Note represent
Page 139 and 140:
necessary to facilitate the adminis
Page 141 and 142:
Except where expressly provided oth
Page 143 and 144:
Combination Notes, in the proportio
Page 145 and 146:
FORM OF THE NOTES References below
Page 147 and 148:
interests in the Exchanged Global N
Page 149 and 150:
BOOK-ENTRY CLEARANCE PROCEDURES AND
Page 151 and 152:
Book-Entry Interests owned through
Page 153 and 154:
A person acquiring a Book-Entry Int
Page 155 and 156:
RATINGS OF THE NOTES It is a condit
Page 157 and 158:
EXPECTED AVERAGE LIVES OF THE NOTES
Page 159 and 160:
Deutsche International Finance (Ire
Page 161 and 162:
DESCRIPTION OF THE COLLATERAL MANAG
Page 163 and 164:
A three-dimensional organization -
Page 165 and 166:
Contribution to revenues (consolida
Page 167 and 168:
Directors’ work is prepared and o
Page 169 and 170:
Jean-Luc Simon - CDO Director Jean-
Page 171 and 172:
on behalf of, the Issuer of Synthet
Page 173 and 174:
the Interest Account and/or to the
Page 175 and 176:
to a non-default rate or an improve
Page 177 and 178:
connection with any such sale or re
Page 179 and 180:
in Sections 7.3 (Sale of Credit Imp
Page 181 and 182:
7.6 Unscheduled Principal Proceeds
Page 183 and 184:
(b) in the case of proceeds resulti
Page 185 and 186:
Obligation. For the avoidance of do
Page 187 and 188:
Institution, having a credit rating
Page 189 and 190:
the Defaulted Obligation at the fai
Page 191 and 192:
(a) where the Issuer, following con
Page 193 and 194:
In the event that the Issuer receiv
Page 195 and 196:
(C) at its own cost, (i) in the cas
Page 197 and 198:
Upon the occurrence of any Event of
Page 199 and 200:
For purposes of calculating the Div
Page 201 and 202:
Aggregate Industry Equivalent Unit
Page 203 and 204:
(3) shall be two subcategories abov
Page 205 and 206:
(i) (ii) (iii) if such Collateral D
Page 207 and 208:
Moody’s Recovery Rate Table Oblig
Page 209 and 210:
Reinvestment Period, with the appli
Page 211 and 212:
11.10 S&P CDO Evaluator Test The
Page 213 and 214:
DESCRIPTION OF THE COLLATERAL MANAG
Page 215 and 216:
Collateral Management Agreement (Ap
Page 217 and 218:
DESCRIPTION OF THE COLLATERAL ADMIN
Page 219 and 220:
DESCRIPTION OF THE REPORTS 1. Month
Page 221 and 222: (P) (Q) which consist of Participat
Page 223 and 224: Class I Senior Notes, Class II Seni
Page 225 and 226: In certain circumstances, Irish tax
Page 227 and 228: amount of interest paid, but also o
Page 229 and 230: General The following summary descr
Page 231 and 232: ‘‘grossed up’’ for any mate
Page 233 and 234: maturity of such Notes will be the
Page 235 and 236: extent thereof), with payments attr
Page 237 and 238: PREFERRED EQUITY CERTIFICATES AND T
Page 239 and 240: or more (measured by vote or value)
Page 241 and 242: values at the time of purchase. A s
Page 243 and 244: associated territories. These apply
Page 245 and 246: The Class IV Mezzanine Notes, the S
Page 247 and 248: Any Plan fiduciary that proposes to
Page 249 and 250: For the avoidance of doubt, all ref
Page 251 and 252: (h) (i) (j) (k) (l) (m) any company
Page 253 and 254: means of sufficient information on
Page 255 and 256: (c) (d) (e) restrictions described
Page 257 and 258: (g) representations and warranties.
Page 259 and 260: PLAN AS DEFINED IN SECTION 3(3) OF
Page 261 and 262: THE TERMS OF THE TRUST DEED. EACH T
Page 263 and 264: GENERAL INFORMATION 1. Clearing Sys
Page 265 and 266: 11. Expenses The total expenses rel
Page 267 and 268: CDO Liabilities....................
Page 269 and 270: Currency Swap Counterparty.........
Page 271: Initial Ratings ...................
Page 275 and 276: Registered Notes ..................
Page 277 and 278: Synthetic Counterparty Default ....
Page 279: imprima de bussy — C94339
show all

VALLAURIS II CLO PLC - Irish Stock Exchange

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?