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
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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 />
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