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

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Condition 6(d) (Mandatory Redemption Upon Exercise of Call Option) of the “Terms and Conditions of the Notes”, (viii) the Libra Loan is not required to be repurchased by the Loan Arranger, (ix) there are no additional unanticipated administrative expenses, no P&I Advances or other Servicing Advances are made, (x) principal and interest payments on the Notes are made on the 20 th day of each January, April, July and October, regardless of whether such day is a Business Day, commencing in July <strong>2007</strong>, (xi) the prepayment provisions for the Libra Loan are as set forth in this Offering Circular, assuming the term for the prepayment provisions begin on the Libra Loan’s first Due Date, as applicable, (xii) the Closing Date is 24 May <strong>2007</strong>, (xiii) no Note Enforcement Notice has been served by the Note Trustee, (xiv) the Servicing Fee is equal to 0.0090 per cent. per annum of the outstanding principal balance of the Libra Loan including any Subordinate Debt, quarterly senior expenses are £29,250 (assumptions (i) through (xiv) above are collectively referred to as the “Modelling Assumptions”). The “Weighted Average Life” of a Note is determined by (i) multiplying the amount of each reduction of the Principal Amount Outstanding of such Note by the number of years from the assumed settlement date to the related Payment Date, (ii) adding the results and (iii) dividing the sum by the original Principal Amount Outstanding of such Note. The average lives of the Notes were calculated on the basis of a 360 day year consisting of twelve 30-day months. In the case of Scenario 1 below (“Scenario 1”), it is assumed that the Libra Loan is paid in full on the Loan Maturity Date assuming that the Borrower does not exercise the one-year Loan extension option. In the case of Scenario 2 below (“Scenario 2”), it is assumed that the Libra Loan is prepaid in full on its first Due Date on which prepayments can be made without any Yield Maintenance Premium. In the case of Scenario 3 below (“Scenario 3”), it is assumed that the Libra Loan is prepaid in full on the first Due Date on which prepayments can be made without any Prepayment Charges, assuming that the Borrower does not exercise the one-year Loan extension option. In the case of Scenario 4 below (“Scenario 4”), it is assumed that the Libra Loan is paid in full on the Loan Maturity Date assuming that the Borrower has exercised the one-year Loan extension option. Scenarios 1, 2, 3 and 4 are collectively referred to herein as the “Scenarios”. Percentage of the Initial Principal Amount Outstanding for each Designated Scenario Class A Payment Date Scenario 1 Scenario 2 Scenario 3 Scenario 4 Initial 100 100 100 100 April 2008 100 0 100 100 April 2009 0 0 0 100 April 2010 and thereafter 0 0 0 0 Average Life (years) 1.7 0.9 1.7 2.7 Class B Payment Date Scenario 1 Scenario 2 Scenario 3 Scenario 4 Initial 100 100 100 100 April 2008 100 0 100 100 April 2009 0 0 0 100 April 2010 and thereafter 0 0 0 0 Average Life (years) 1.7 0.9 1.7 2.7 Class C Payment Date Scenario 1 Scenario 2 Scenario 3 Scenario 4 Initial 100 100 100 100 April 2008 100 0 100 100 April 2009 0 0 0 100 April 2010 and thereafter 0 0 0 0 Average Life (years) 1.7 0.9 1.7 2.7 144
Class D Payment Date Scenario 1 Scenario 2 Scenario 3 Scenario 4 Initial 100 100 100 100 April 2008 100 0 100 100 April 2009 0 0 0 100 April 2010 and thereafter 0 0 0 0 Average Life (years) 1.7 0.9 1.7 2.7 Class E Payment Date Scenario 1 Scenario 2 Scenario 3 Scenario 4 Initial 100 100 100 100 April 2008 100 0 100 100 April 2009 0 0 0 100 April 2010 and thereafter 0 0 0 0 Average Life (years) 1.7 0.9 1.7 2.7 145
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OFFERING CIRCULAR £638,100,000 Tit
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NOTICE TO INVESTORS The Notes of ea
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TRUE, COMPLETE AND NOT MISLEADING.
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(a) to legal entities which are aut
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all materials of any kind (includin
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EXECUTIVE SUMMARY This Executive Su
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STRUCTURE CHART The diagram below i
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Special Servicer ..................
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• relate to a particular Payment
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(b) charges over accounts into whic
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Period (such amounts, collectively,
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espect of the timing or manner of e
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Principal and interest on the Class
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interest determined by reference to
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The Class V Notes will be subject t
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Prospectus to be approved. Applicat
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(b) NAI Amounts have been allocated
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(xvii) seventeenth, to pay to the A
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1984, as amended. If your investmen
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The terms of the leases might affec
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Changes in Medical Practice: The me
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law fixed charges. The security ove
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Tenant Operator Group (1) Southern
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contained in the Security Agreement
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(b) serving a notice of default (in
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• in connection with its acquisit
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Under the terms of the Credit Agree
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Properties. However, there can be n
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until the premises are again render
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Pursuant to the Guarantee and Subor
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The enforcement of security in Scot
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The Notes and interest thereon will
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however, there is a conflict betwee
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profits or losses could arise in th
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including financing relationships,
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THE PARTIES Issuer Titan Europe 200
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THE LIBRA LOAN AND PROPERTIES Gener
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which (whether alone or in combinat
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(v) projected net rental income pay
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(d) any right or remedy of a Financ
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Care Standards Act 2000 (for Proper
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Properties located in Northern Irel
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Borrower Group Structure Chart (1)
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amount of: (i) £216,000 as an upfr
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subject to matters disclosed in the
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(b) first fixed charges over its in
Page 93 and 94: Loan Name Principal Amount Libra Lo
Page 95 and 96: there will be nothing to prevent th
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Page 99 and 100: Insurance: The landlord is to insur
Page 101 and 102: Properties by Country Country Numbe
Page 103 and 104: (l) Subject as set out in paragraph
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Page 107 and 108: (C) any payment made by the Loan Ar
Page 109 and 110: Moneyline/Telerate Page 3937 or on
Page 111 and 112: (xv) fifteenth, to pay all principa
Page 113 and 114: DESCRIPTION OF THE NOTE TRUST DEED
Page 115 and 116: Each Swap Transaction and Basis Swa
Page 117 and 118: Credit Suisse Group 100% Credit Sui
Page 119 and 120: (f) except with respect to matters
Page 121 and 122: A “Subordinate Lender Control Val
Page 123 and 124: (h) any action to bring a Property
Page 125 and 126: “Assumed Scheduled Payment” mea
Page 127 and 128: (b) in the event the related Proper
Page 129 and 130: Rights of PIK Facility Lenders” a
Page 131 and 132: Provider or the Backup Advance Prov
Page 133 and 134: Servicing Fee, Special Servicing Fe
Page 135 and 136: purporting to give notice) provided
Page 137 and 138: CASH MANAGEMENT Cash Manager Pursua
Page 139 and 140: The Cash Manager will be permitted
Page 141 and 142: ESTIMATED AVERAGE LIVES OF THE NOTE
Page 143: available to an investor in such No
Page 147 and 148: Loan Capital £ Class A Commercial
Page 149 and 150: 2. Notes to the financial informati
Page 151 and 152: Rule 144A Global Note directly thro
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Page 161 and 162: 4. Covenants Issuer will not (or th
Page 163 and 164: 5. Interest the Special Servicer, a
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Page 167 and 168: outstanding is redeemed in full pur
Page 169 and 170: cent. of the aggregate Principal Am
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Page 173 and 174: elevant authorities for the amount
Page 175 and 176: other person as it may think fit to
Page 177 and 178: (e) The enforcement of the security
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Page 181 and 182: senior class of Notes then outstand
Page 183 and 184: 17. Privity of Contract The Notes d
Page 185 and 186: OFFERING EXPENSES Fees and expenses
Page 187 and 188: Floating Charge. A lender will typi
Page 189 and 190: Enforcement of Security in England
Page 191 and 192: Under Section 6 of the Law of Distr
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The bankrupt’s estate is comprise
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incorporated overseas. As regards s
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Right of redemption. Under Section
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Floating Charge. Under Northern Iri
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shares. The right to the former is
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The effect of a declaration of dés
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IRISH TAXATION The following is a s
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There can be no assurance that the
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individual resident in another Memb
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y the purchaser in respect of the C
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A Note will be considered issued wi
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which will not be treated as intere
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included in income. Any gain from t
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PTCE 96-23, which exempts certain t
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SUBSCRIPTION AND SALE Credit Suisse
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TRANSFER RESTRICTIONS Because of th
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GENERAL INFORMATION 1. The issue of
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APPENDIX 1 INDEX OF DEFINED TERMS
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Financial Regulator in Ireland ....
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Prospectus Directive...............
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APPENDIX 2 FORM OF STATEMENT TO NOT
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Titan Europe 2007-1 (NHP) Limited C
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APPENDIX 4 THE BORROWER A. Informat
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REGISTERED AND HEAD OFFICE OF THE I
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Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

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