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

payments in respect of such Definitive Note until such time as the Registrar is notified in writing to the
contrary by the holder thereof.
(c) Laws and Regulations: Payments of principal, interest and premium (if any) in respect of the Notes are
subject in all cases to any fiscal or other laws and regulations applicable thereto.
(d) Overdue Principal Payments: If payment of principal is improperly withheld or refused on or in
respect of any Note or part thereof, the interest which continues to accrue in respect of such Note or
part thereof in accordance with Condition 5(a) (Period of Accrual) will be paid against presentation of
such Note at the specified office of any Paying Agent, and in the case of any Definitive Note, will be
paid in accordance with Condition 7(b) (Definitive Notes).
(e) Change of Agents: The Principal Paying Agent is ABN AMRO Bank N.V. (London Branch) at its
offices at 82 Bishopsgate, London EC2N 4BN, United Kingdom. The Irish Paying Agent is NCB
Stockbrokers Limited at its offices at 3 George’s Dock, International Financial Services Centre, Dublin
1, Ireland. The Issuer reserves the right, subject to the prior written approval of the Note Trustee, at
any time to vary or terminate the appointment of the Principal Paying Agent, any other Paying Agent,
the Registrar and/or the Agent Bank and to appoint additional or other Agents. The Issuer will at all
times maintain an Irish Paying Agent with a specified office in Dublin, for so long as the Notes are
listed on the Irish Stock Exchange. The Issuer will cause at least 30 days’ notice of any change in or
addition to the Paying Agents or the Registrar or their specified offices to be given to the Noteholders
in accordance with Condition 15 (Notice to Noteholders). The Issuer will maintain a Paying Agent in a
Member State of the European Union that will not be obliged to withhold or deduct tax pursuant to
European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in
order to conform to, such Directive.
(f) Presentation on Non-Business Days: If any Note is presented for payment on a day which is not a
business day in the place where it is so presented, payment shall be made on the next succeeding day
that is such a business day and no further payments of additional amounts by way of interest, principal
or otherwise shall be due in respect of such Note. For the purposes of Condition 6 (Redemption and
Cancellation) and this Condition 7, “business day” shall mean, in relation to any place, a day on which
commercial banks and foreign exchange markets settle payments in that place and (in the case of
payment by transfer to a sterling account as referred to in Condition 7(b) (Definitive Notes)) on which
the TARGET system is open for settlement of payments in sterling.
(g) Accrual of Interest on Late Payments: If interest is not paid in respect of a Note of any class on the
date when due and payable (other than because the due date is not a business day (as defined in
Condition 7(f) (Presentation on Non-Business Days) or by reason of non-compliance with Condition
7(a) (Global Notes) or 7(b) (Definitive Notes), then such unpaid interest shall itself bear interest at the
applicable Rate of Interest (or the Class X Interest Rate in respect of interest on the Class X Notes or
the Class V Interest Rate in respect of the Class V Notes) until such interest and interest thereon is
available for payment and notice thereof has been duly given to the Noteholders in accordance with
Condition 15 (Notice to Noteholders), provided that such interest and interest thereon are, in fact, paid.
(h) Partial Payments: If a Paying Agent makes a partial payment in respect of any Note presented to it for
payment, such Paying Agent will endorse on the relevant Note a statement indicating the amount and
date of such payment.
(i) Record Date: For the purpose of this Condition 7, the holder of a Global Note or, as the case may be, a
Definitive Note will be deemed to be the person shown from time to time as the holder (or the firstnamed
of joint holders) in the records of Euroclear or Clearstream, Luxembourg (in the case Global
Notes) or on the Register maintained pursuant to Condition 7(b), on the 12 th calendar day of the month
in which a Payment Date occurs (in each case, the “Record Date”).
8. Taxation
All payments in respect of the Notes will be made without withholding or deduction for or on account of
any present or future taxes, duties or charges of whatsoever nature unless the Issuer or any relevant Paying
Agent is required by applicable law in any jurisdiction to make any payment in respect of the Notes subject
to any such withholding or deduction. In that event, the Issuer or such Paying Agent (as the case may be)
shall make such payment after such withholding or deduction has been made and shall account to the
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