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

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Class C Regulation S Global Notes ................... 155 Class C Rule 144A Global Notes ...................... 155 Class D Noteholders .................................... 29, 154 Class D Notes ................................................ 1, 154 Class D Regulation S Global Notes................... 155 Class D Rule 144A Global Notes ...................... 155 Class E Noteholders..................................... 29, 154 Class E Notes................................................. 1, 154 Class E Regulation S Global Notes ................... 155 Class E Rule 144A Global Notes....................... 155 Class V Account .......................................... 23, 106 Class V Amounts....................................... 111, 164 Class V Amounts Factor............................ 111, 164 Class V Deposit ................................................. 111 Class V Interest Rate ................................. 111, 164 Class V Noteholders .................................... 24, 154 Class V Notes ................................................ 1, 154 Class V Regulation S Global Notes................... 155 Class V Rule 144A Global Notes ...................... 155 Class X Account .......................................... 23, 106 Class X Interest Rate ................................... 25, 164 Class X Net Weighted Average Strip Rate.. 25, 165 Class X Noteholders .................................... 24, 154 Class X Notes ................................................ 1, 154 Class X Regulation S Global Notes................... 155 Class X Rule 144A Global Notes ...................... 155 Clearstream, Luxembourg ............................. 1, 155 Closing Date ...................................... 1, 11, 16, 154 CMSA................................................................ 138 CMSA E-IRP Loan Periodic Update File.......... 127 CMSA E-IRP Loan Setup File .......................... 127 CMSA E-IRP Property File............................... 127 CMSA European Investor Reporting Package............................................................ 127 Code........................................................... 214, 226 Collection Account............................................ 106 Collection Period ................................................. 16 COMI................................................................. 196 Common Depository.............................. 3, 150, 155 Company............................................................ 148 Condition ........................................................... 154 Conditions.................................................... 33, 154 control................................................................ 129 Control Valuation .............................................. 121 Control Valuation Event.................................... 120 controlled........................................................... 129 controlling.......................................................... 129 Controlling Class ................................. 22, 119, 184 Controlling Class Representative ........ 22, 120, 183 Controlling Class Test ............................... 120, 184 Controlling Party ......................................... 22, 120 Corporate Services Agreement.......................... 146 Corporate Services Provider................................ 15 Corrected Loan .................................................. 119 Covenants Act ................................................... 190 Credit Agreement .......................................... 74, 86 CSA ..................................................................... 39 CSCI .................................................................... 39 CSI............................................................... 15, 116 CSS...................................................................... 15 Cut-Off Date .................................................. 16, 74 Cut-Off Date Allocated Loan Amount................. 74 Cut-Off Date Secured Subordinate Debt Principal Balance ............................................... 74 Cut-Off Date Securitised Loan LTV.................... 74 Cut-Off Date Securitised Loan Principal Balance......................................................... 11, 74 Cut-Off Date Whole Loan LTV........................... 74 Cut-Off Date Whole Loan Principal Balance............................................................... 74 CVE Subordinated Loan.................................... 121 D Dangerous Substance........................................... 74 Deal Summary Report........................................ 127 Deed of Charge and Assignment ......... 35, 113, 154 Default ................................................................. 75 Definitive Note ...................................................... 3 Definitive Notes................................................. 156 Deposit Account .................................................. 73 Désastre Law...................................................... 204 Determination Date.............................................. 16 Directive .................................................... 210, 213 Disposal ALA ...................................................... 52 Due Date ........................................................ 16, 75 Duty of Care Agreement................................ 75, 96 E E.U. regulated market .......................................... 68 Early CH1 Disposal ............................................. 87 EC Insolvency Regulation ................................... 59 Eligible Noteholders .......................................... 173 Engineering Report .............................................. 75 English Security Agreement ................................ 90 Enterprise Act ...................................................... 61 Environment......................................................... 75 Environmental Approval...................................... 75 Environmental Claim........................................... 75 Environmental Contamination ............................. 75 Environmental Law.............................................. 75 Environmental Report.......................................... 75 ERISA................................................ 153, 220, 226 ERISA Plans ...................................................... 220 euro ...................................................................... 10 Euro...................................................................... 10 Euroclear........................................................ 1, 155 Euroclear/Clearstream Holders.......................... 171 exceptions ............................................................ 61 Exchange Act......................................................... 8 Exemptions ........................................................ 221 Expenses Priority Amounts................................ 109 Extraordinary Resolution................................... 159 F Facility ................................................................. 75 Final Recovery Determination........................... 133 Finance Party ....................................................... 75 Financial Laws Consolidation Act......................... 6 230
Financial Regulator in Ireland ............................... 1 Fitch............................................................... 1, 182 Foreign Targeted................................................ 112 Forward Swap........................................ 20, 45, 114 Forward Swap Subordinate Amounts.................. 45 Forward Swap Subordinated Amounts 35, 109, 114 Forward Swap Termination Payments............... 114 FRI..................................................................... 190 FSA.................................................................... 116 FSMA ................................................................ 223 G GAAP .................................................................. 41 General Account.................................................. 73 Global Note ....................................................... 150 Global Notes.......................................... 3, 150, 155 Grace Period Ledger............................................ 93 Guarantee............................................................. 90 Guarantee and Subordination Deed12, 18, 58, 76, 90 Guarantor....................................................... 76, 84 Guarantor 1.......................................................... 84 Guarantor 12........................................................ 88 Guarantor 14........................................................ 88 Guarantor 3.......................................................... 88 Guarantor 5.......................................................... 88 Guarantors ........................................................... 84 H Hedging Arrangement ......................................... 76 holder................................................................. 157 I IA 2000................................................................ 61 IFRS..................................................................... 66 Increased Cost ..................................................... 76 indirect participants ........................................... 150 Initial Certificates of Title ................................... 76 initial foreign purchaser..................................... 225 Initial Loan Balance............................................. 76 Insolvency Act................................................... 191 Insolvency Order ................................................. 61 Intended U.S. Tax Treatment............................. 183 Interest Accrual Date................................... 17, 163 Interest Accrual Period ................................ 17, 163 Interest Amount ................................................. 165 Interest Cover ...................................................... 76 Interest Determination Date............................... 163 intimation........................................................... 198 Investor Based Exemptions ............................... 221 Irish GAAP.......................................................... 66 Irish Paying Agent................................. 15, 72, 154 Irish Stock Exchange..................................... 1, 165 Irish VAT........................................................... 210 irritate ................................................................ 200 IRS............................................................. 183, 214 ISDA.................................................................... 20 Issuer ................................................. 1, 14, 71, 154 Issuer Account................................................... 137 Issuer Accounts.......................................... 106, 137 Issuer Margin ............................................... 26, 109 Issuer Security.............................................. 36, 159 Issuer Share Capital Proceeds Account.............. 112 J Jersey Assigned Property................................... 177 Jersey Security Interest ........................................ 77 Jersey Security Law ........................................... 203 JRL..................................................................... 206 L Late Collections ................................................. 125 Leasehold Property .............................................. 96 Legal Overview Commentary........................ 77, 83 Legal Overview Report........................................ 77 Legal Overview Reports ...................................... 83 Lender.................................................................. 77 Lenders ................................................................ 77 LIBOR ............................................................... 163 LIBOR Screen Rate ........................................... 164 Libra Expected Interest Payments........................ 82 Libra Loan ............................... 1, 11, 18, 73, 87, 92 Libra Loan U/W DSCR ....................................... 77 Libra Loan U/W ICR ........................................... 77 Libra Tenants ....................................................... 39 Libra Tranching Account............................. 93, 106 Libra Whole Loan.......................... 1, 11, 18, 77, 87 Libra Whole Loan LTV ....................................... 77 Libra Whole Loan U/W DSCR............................ 77 Libra Whole Loan U/W ICR................................ 77 Liquidation Event .............................................. 133 Liquidation Fee............................................ 19, 133 Liquidation Proceeds ......................................... 133 Loan ................................................................... 121 Loan Arranger............................................ 3, 14, 71 Loan Business Day .............................................. 78 Loan Document.................................................... 78 Loan Documents............................................ 58, 78 Loan Event of Default.................................... 78, 90 Loan Interest Accrual Period ......................... 16, 78 Loan LIBOR ........................................................ 78 Loan Maturity Date.............................................. 78 Loan Representative............................................. 78 Loan Sale Agreement..................................... 17, 73 Loan Seller............................. 3, 11, 14, 17, 71, 101 Loans.................................................................. 121 LPA.............................................................. 47, 193 LPA Receiver....................................................... 47 M Management Agreement...................................... 78 Management Agreement 1................................... 96 Management Agreement 2................................... 96 Management Agreement 3................................... 96 Management Agreements .................................... 96 Manager ....................................................... 15, 223 Managing Agent ...................................... 78, 83, 96 231
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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
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Loan Name Principal Amount Libra Lo
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there will be nothing to prevent th
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the Related Security has become enf
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Insurance: The landlord is to insur
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Properties by Country Country Numbe
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(l) Subject as set out in paragraph
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forfeited or irritated on bankruptc
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(C) any payment made by the Loan Ar
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Moneyline/Telerate Page 3937 or on
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(xv) fifteenth, to pay all principa
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DESCRIPTION OF THE NOTE TRUST DEED
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Each Swap Transaction and Basis Swa
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Credit Suisse Group 100% Credit Sui
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(f) except with respect to matters
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A “Subordinate Lender Control Val
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(h) any action to bring a Property
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“Assumed Scheduled Payment” mea
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(b) in the event the related Proper
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Rights of PIK Facility Lenders” a
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Provider or the Backup Advance Prov
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Servicing Fee, Special Servicing Fe
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purporting to give notice) provided
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CASH MANAGEMENT Cash Manager Pursua
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The Cash Manager will be permitted
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ESTIMATED AVERAGE LIVES OF THE NOTE
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available to an investor in such No
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Class D Payment Date Scenario 1 Sce
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Loan Capital £ Class A Commercial
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2. Notes to the financial informati
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Rule 144A Global Note directly thro
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applicable to Book-Entry Interests
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the time being of the Note Trustee,
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a new Definitive Note in respect of
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provided that paragraphs (A) to (E)
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4. Covenants Issuer will not (or th
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5. Interest the Special Servicer, a
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and (ii) the Class X Net Weighted A
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outstanding is redeemed in full pur
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cent. of the aggregate Principal Am
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Outstanding and Note Factor), and e
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elevant authorities for the amount
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other person as it may think fit to
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(e) The enforcement of the security
Page 179 and 180: Noteholders and/or the Class D Note
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
Page 193 and 194: the same priority in respect of any
Page 195 and 196: The bankrupt’s estate is comprise
Page 197 and 198: incorporated overseas. As regards s
Page 199 and 200: Right of redemption. Under Section
Page 201 and 202: Floating Charge. Under Northern Iri
Page 203 and 204: shares. The right to the former is
Page 205 and 206: The effect of a declaration of dés
Page 207 and 208: IRISH TAXATION The following is a s
Page 209 and 210: There can be no assurance that the
Page 211 and 212: individual resident in another Memb
Page 213 and 214: y the purchaser in respect of the C
Page 215 and 216: A Note will be considered issued wi
Page 217 and 218: which will not be treated as intere
Page 219 and 220: included in income. Any gain from t
Page 221 and 222: PTCE 96-23, which exempts certain t
Page 223 and 224: SUBSCRIPTION AND SALE Credit Suisse
Page 225 and 226: TRANSFER RESTRICTIONS Because of th
Page 227 and 228: GENERAL INFORMATION 1. The issue of
Page 229: APPENDIX 1 INDEX OF DEFINED TERMS
Page 233 and 234: Prospectus Directive...............
Page 235 and 236: APPENDIX 2 FORM OF STATEMENT TO NOT
Page 237 and 238: Titan Europe 2007-1 (NHP) Limited C
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Titan Europe 2007-1 (NHP) Limited C
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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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