07.03.2014 Views

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

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

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

SHOW MORE
SHOW LESS

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

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

THE ISSUER<br />

The Issuer, <strong>Titan</strong> <strong>Europe</strong> <strong>2007</strong>-1 (<strong>NHP</strong>) <strong>Limited</strong>, was incorporated in Ireland on 28 March <strong>2007</strong><br />

(registration number 437005) as a private company limited by shares under the Companies Acts 1963 to 2006 of<br />

Ireland as a special purpose vehicle for the purpose of issuing the Notes. The registered office of the Issuer is<br />

located at First Floor, 7 <strong>Exchange</strong> Place, International Financial Services Centre, Dublin 1, Ireland (telephone<br />

number: +353 1 612 5555). The Issuer has no subsidiaries.<br />

Principal Activities<br />

The principal objects of the Issuer are set out in clause 3 of its memorandum of association and are, inter<br />

alia, to purchase, take transfer of, invest in and acquire loans and any security given or provided by any person<br />

in connection with such loans, to hold and manage and deal with, sell or alienate such loans and related security,<br />

to borrow, raise and secure the payment of money by the creation and issue of bonds, debentures, notes or other<br />

securities and to charge or grant security over the Issuer’s property or assets to secure its obligations.<br />

Since the date of its incorporation, the Issuer has not commenced operations and no accounts have been<br />

made up as at the date of this Offering Circular. The only activities in which the Issuer has engaged are those<br />

incidental to its incorporation and registration as a private limited company under the Companies Acts 1963 to<br />

2005 of Ireland, the authorisation of the issue of the Notes, the matters referred to or contemplated in this<br />

Offering Circular and the authorisation, execution, delivery and performance of the other documents referred to<br />

in this document to which it is a party and matters which are incidental or ancillary to the foregoing.<br />

The Issuer will covenant to observe certain restrictions on its activities which are detailed in Condition 4<br />

(Covenants), the Deed of Charge and Assignment and the Note Trust Deed. In addition, the Issuer will covenant<br />

in the Note Trust Deed to provide written confirmation to the Note Trustee, on an annual basis, that no Note<br />

Event of Default (or other matter which is required to be brought to the Note Trustee’s attention) has occurred in<br />

respect of the Notes.<br />

Directors and Secretary<br />

The directors of the Issuer and their respective business addresses and other principal activities are:<br />

Name<br />

Roger McGreal<br />

Alan Geraghty<br />

Ruth Louise Samson<br />

Principal Activities<br />

Director<br />

Accountant<br />

Solicitor<br />

The business address for each of the foregoing directors is First Floor, 7 <strong>Exchange</strong> Place, International<br />

Financial Services Centre, Dublin 1, Ireland. The company secretary of the Issuer is Wilmington Trust SP<br />

Services (Dublin) <strong>Limited</strong>, whose principal address is First Floor, 7 <strong>Exchange</strong> Place, International Financial<br />

Services Centre, Dublin 1, Ireland.<br />

The Corporate Services Provider will, under the terms of a corporate services agreement (the “Corporate<br />

Services Agreement”) to be entered into on or about the Closing Date between, inter alios, the Issuer and the<br />

Corporate Services Provider, provide certain corporate services to the Issuer and provide related corporate<br />

administrative and company secretarial services. The Corporate Services Agreement may be terminated by<br />

either the Issuer or the Corporate Services Provider upon 30 days’ written notice (with a copy to the Rating<br />

Agencies). Such termination shall not take effect until a replacement corporate services provider has been<br />

appointed.<br />

Capitalisation and Indebtedness Statement<br />

The capitalisation and indebtedness of the Issuer as at the date of this Offering Circular, adjusted to take<br />

account of the issue of the Notes, is as follows:<br />

Share Capital €<br />

Authorised:<br />

€100 divided into 100 ordinary shares of €1 each<br />

Issued:<br />

2 ordinary shares fully paid up to €1 each 2<br />

Total 2<br />

146

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!