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

forfeited or irritated on bankruptcy or liquidation of the lessee or on any other ground except
breach of covenant of the Tenant’s obligations or the non-payment of rent by the lessee;
(ii) the terms of the long leases do not expire earlier than approximately 87 years after the Loan
Maturity Date, excluding extension of the Libra Loan, being the earliest and approximately 987
years being the latest (excluding the long lease with respect to the Property at Cedarhurst Lodge
with a lease term of 9,000 years, starting on 1 February 1994);
(iii) all other terms of any long lease are such that, in light of all of the circumstances pertaining to the
Libra Loan and the Related Security, the Loan Arranger regarded them as acceptable for the
purposes of comprising security for the Libra Loan; and
(iv) the Loan Arranger has not received written notice of any material unremedied breaches of any long
lease.
No warranties other than those set out in the Loan Sale Agreement will be given by the Loan Arranger in
relation to any Related Security given by the Borrower and the other Obligors (as applicable). Therefore, except
to the extent of the aforementioned warranty, there can be no assurance that there will be any Related Security
for the Libra Loan or, if there is, that such Related Security will be of any value in connection with the
enforcement of the Libra Loan or will realise any moneys which can be applied in satisfaction of any amounts
outstanding from the Borrower under the Libra Loan.
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