Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

Properties by Country
Country Number of Properties Value Percent of Value
England 224 £964,321,000 72.1%
Scotland 42 £239,441,000 17.9%
Wales 22 £91,528,000 6.8%
Northern Ireland 9 £43,051,000 3.2%
Total 297 £1,338,341,000 100.0%
Additional Information
The description in this Offering Circular of the Libra Loan is based upon the Libra Loan as at the close of
business on the Cut-Off Date, as adjusted for any principal repayments on the Libra Loan on or before the Cut-
Off Date (if any). The information set forth herein will be representative of the characteristics of the Libra Loan
as it will be constituted at the time the Notes are issued.
Loan Sale Agreement
Acquisition of the Libra Loan: On 3 April 2007, the Libra Whole Loan was transferred from CS Funding 1
Limited, which was the “Original Lender”, to Libra 2007 (NHP) Limited, the “Loan Seller”. On the Closing
Date, the Issuer will acquire the Libra Loan from the Loan Seller pursuant to the Loan Sale Agreement. The
purchase price under the Loan Sale Agreement will be paid to the Loan Seller on the Closing Date.
Representations and Warranties: None of the Issuer nor the Note Trustee has made (or will make) any of
the enquiries, searches or investigations which a prudent purchaser of the relevant assets would normally make
in relation to the Libra Loan or any Related Security. In addition, neither the Issuer nor the Note Trustee has
made or will make any enquiry, search or investigation at any time in relation to compliance by the Loan Seller,
the Servicer, the Special Servicer or any other person with respect to the provisions of the Loan Sale Agreement,
the Servicing Agreement, the Deed of Charge and Assignment or in relation to any applicable laws or the
execution, legality, validity, perfection, adequacy or enforceability of the Libra Loan or any Related Security
purchased on the Closing Date.
In relation to all of the foregoing matters concerning the Libra Loan and any Related Security and the
circumstances in which the advances were made to the Borrower, prior to the transfer of the Libra Loan to the
Issuer, each of the Issuer and the Note Trustee will rely entirely on the representations and warranties given by
each of the Loan Seller, the Original Lender and the Loan Arranger to the Issuer and the Note Trustee pursuant
to the Loan Sale Agreement.
The Loan Arranger will be required, if there has been a breach of any of the warranties under the Loan Sale
Agreement that materially and adversely affects the value of the Libra Loan or the Notes and such breach is not
capable of remedy, or, if capable of remedy, has not been remedied within 90 days of the Servicer or the Special
Servicer notifying the Loan Arranger of such breach (or such longer period as the Issuer, the Servicer, the
Special Servicer (in the case of the Libra Whole Loan becoming a Specially Serviced Loan) may agree, based
on written confirmation from S&P and Fitch (following notification to all of the Rating Agencies) that no
Adverse Rating Event will occur as a result of any such extended period or, if a Rating Agency has notified the
Servicer or the Special Servicer that, as a matter of policy, it will not issue such a confirmation, the Servicer or
the Special Servicer as applicable, determines that such extension would not be inconsistent with the Servicing
Standard), to repurchase (or participate in) the Libra Loan from the Issuer. In the event the Loan Arranger is
required to repurchase the Libra Loan, the repurchase price to be paid by the Loan Arranger will be an amount
equal to 100 per cent. of the outstanding principal balance of the Libra Loan, plus accrued interest and
outstanding expenses plus any amount of outstanding Servicing Advances and P&I Advances (including
interest) made with respect to the Libra Loan and all accrued and unpaid Servicing Fees or Special Servicing
Fees allocable to the Libra Loan. Any such repurchase (or participation) would result in a redemption of the
Notes in accordance with Condition 6(b) (Mandatory Redemption from Principal Distribution Amounts,
Sequential Principal Distribution Amounts and Pro Rata Principal Prepayment Amounts).
The representations and warranties will be made by the Loan Arranger as of the date on which the Libra
Whole Loan was transferred and assigned to the Issuer. These representations and warranties include, without
limitation (but subject to disclosure in the Loan Sale Agreement and to certain jurisdiction-specific differences
and as disclosed in this Offering Circular), statements to the following effect:
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