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

information, such page as displays such information on such equivalent service (or, if more than
one, that one which is approved by the Note Trustee) as may replace the Moneyline/Telerate
Monitor) (the “LIBOR Screen Rate”); or
(ii) if the LIBOR Screen Rate is not then available, the Agent Bank will use the arithmetic mean
(rounded to five decimal places, 0.000005 per cent. rounded upwards) of the rates notified to the
Agent Bank at its request by each of four leading reference banks duly chosen by the Agent Bank
for such purpose (the “Reference Banks”) as the rate at which three-month deposits in sterling are
offered for the same period as that Interest Accrual Period by those Reference Banks to leading
banks in the London inter-bank market at or about 11.00 a.m. (London time) on that date (or, in
respect of the first Interest Accrual Period, by the rate for one-month sterling deposits notified by
the Reference Banks). If, on any such Interest Determination Date, at least two of the Reference
Banks provide such offered quotations to the Agent Bank the relevant rate shall be determined, as
aforesaid, on the basis of the offered quotations of those Reference Banks providing such
quotations. If, on any such Interest Determination Date, only one or none of the Reference Banks
provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult
with the Note Trustee and the Issuer for the purposes of agreeing one or more additional banks to
provide such a quotation or quotations to the Agent Bank and the rate for the Interest Accrual
Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such
banks as so agreed. If no such bank or banks is or are so agreed or such bank or banks as so
agreed does not or do not provide such a quotation or quotations, then the rate for the relevant
Interest Accrual Period shall be the arithmetic mean (rounded to five decimal places, 0.000005 per
cent. being rounded upwards) of the rates quoted by leading London banks, selected by the Agent
Bank, at approximately 11.00 a.m. (London time) on the Closing Date or the relevant Interest
Determination Date, as the case may be, for loans in sterling to leading banks in London for a
period of three months or, in the case of the first Interest Accrual Period, the same as the relevant
Interest Accrual Period.
The amount of interest due with respect to any Payment Date on the Class X Notes is equal to interest
accrued during the related Interest Accrual Period at the Class X Interest Rate on the Principal Amount
Outstanding of such class as at the relevant Interest Determination Date.
The amount of interest due with respect to any Payment Date on the Class V Notes is equal to the
interest accrued during the Interest Accrual Period expiring immediately before such Payment Date at
the Class V Interest Rate on the Principal Amount Outstanding of the Class V Notes as at the relevant
Interest Determination Date. The Rate of Interest applicable to the Class V Notes for any Interest
Accrual Period will be the Class V Interest Rate as calculated on the Interest Determination Date in
respect of the Interest Accrual Period for which the rate will apply. The “Class V Interest Rate” for
any Payment Date will be a per annum rate, expressed as a percentage, equal to the product of: (a) the
fraction obtained by dividing: (i) the Class V Amounts Factor for the Class V Notes, by (ii) the actual
number of days in the relevant Interest Accrual Period expiring immediately before such Payment
Date; and (b) 365. The “Class V Amounts Factor” is, as at any Payment Date, equal to the amount
expressed as percentage obtained by dividing: (i) the Class V Amounts for the Interest Accrual Period
expiring immediately before such Payment Date; by (ii) the Principal Amount Outstanding of the Class
V Notes as at the beginning of such period. The “Class V Amounts” in respect of the Payment Date
immediately following the expiry of an Interest Accrual Period means the sum of:
(i) all Prepayment Charges and Yield Maintenance Premia with respect to any Loan received during
the Collection Period immediately preceding such Payment Date;
(ii) any interest earned on amounts deposited in the Collection Account, the Class V Account and the
Class X Account and any net income earned from Permitted Investments of such amounts in each
case during the Collection Period immediately preceding such Payment Date (in each case other
than interest or net income earned in respect of prepayments (including Break Costs) or liquidation
proceeds deposited into the Collection Account during such Collection Period).
The Rate of Interest applicable to the Class X Notes from time to time will be the Class X Interest Rate.
The “Class X Interest Rate” for any Payment Date is a per annum rate expressed as a percentage
calculated as follows: (a) the product of: (i) the outstanding principal balance of the Libra Loan as at
the beginning of the related Interest Accrual Period expiring immediately before such Payment Date
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