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

Titan Europe 2007-1 (NHP) Limited Collateral and Structural Term Sheet 1 st May 2007
II. Transaction Overview
Note Structure
Offered Notes:
Denominations:
Pay Structure:
Priority of Principal and
Interest Collections:
Sequential Triggers:
NAI Amounts:
Servicer Advancing:
Risk Factors:
Rule 144A, Regulation S Offering.
Class A through D - £50,000 and integral multiples of £1,000 in excess thereof.
Class E - £50,000 and integral multiples of £1 in excess thereof.
Class X – £50,000 and integral multiples of £1,000 in excess thereof.
Class V – £50,000 and integral multiples of £1,000 in excess thereof.
Modified pro rata pay.
For further details, please see the Offering Circular.
“Available Funds” will primarily consist of collections of principal and interest on the Libra Loan net of amounts used
to pay certain senior expenses of the Issuer and certain other amounts. Available Funds will be allocated
sequentially to pay interest and principal on each class of Notes beginning with Class A (other than principal on the
Class X Notes and other than principal and interest on the Class V Notes); however, until certain triggers (the
“Sequential Triggers”) are met, certain prepayments and the balloon payment for the Libra Loan will be allocated pro
rata among certain classes of Notes (other than the Class X and the Class V Notes) in accordance with their then
outstanding principal balances, to pay principal on the Notes.
Sequential Triggers are as follows: (i) the existence of a material loan event of default relating to the Libra Whole
Loan; (ii) NAI Amounts have been allocated to any class of Notes since the Closing Date due to realised losses on
the Libra Loan, or there has been failure to pay interest when due on any Note, subject to certain exceptions; (iii) the
aggregate principal amount outstanding of the Notes (other than the Class X Notes and Class V Notes) is less than
or equal to 50% of the aggregate Principal Amount Outstanding of the Notes (other than the Class X Notes and the
Class V Notes) as at the Closing Date or (iv) a Note Event of Default has been declared and is outstanding.
If, on any Payment Date, the aggregate principal balance of the Notes exceeds the aggregate principal balance of
the Libra Loan, the principal amount of Notes equal to such excess (“NAI”) will cease to accrue interest. NAI will be
allocated to the classes of Notes in reverse sequential order, beginning with the most junior class of Notes (other
than the Class X and Class V Notes) then outstanding. Principal which ceases to accrue interest will remain
outstanding and will be repaid in accordance with the priority of payments.
The Servicer will advance delinquent scheduled principal and interest, senior expenses and certain property
expenses, subject to a recoverability determination. ABN AMRO Bank N.V. will act as Backup Advance Provider,
also subject to a recoverability determination.
The Notes involve a degree of risk, which may not be suitable for all investors. See the “Risk Factors” section of the
Offering Circular.
NEITHER THIS DOCUMENT NOR ANY COPY HEREOF MAY BE SENT OR TAKEN OR TRANSMITTED INTO THE UNITED STATES OR CANADA OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR CANADA OR TO ANY U.S.
PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR CANADIAN PERSON EXCEPT TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED. THIS DOCUMENT IS BEING FURNISHED TO YOU SOLELY FOR YOUR INFORMATION, IS CONFIDENTIAL TO CLIENTS OF CREDIT SUISSE, AND MAY NOT BE REPRODUCED OR REDISTRIBUTED
TO ANY OTHER PERSON. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO
PURCHASE, ANY SECURITIES. ANY SUCH OFFER OF SECURITIES WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS OR OFFERING CIRCULAR PREPARED BY THE ISSUER, WHICH COULD CONTAIN MATERIAL INFORMATION NOT
CONTAINED HEREIN, AND TO WHICH THE PROSPECTIVE PURCHASERS ARE REFERRED. IN THE EVENT OF ANY SUCH OFFERING, THIS INFORMATION SHALL BE DEEMED SUPERSEDED, AMENDED AND SUPPLEMENTED IN ITS ENTIRETY BY
SUCH PROSPECTUS OR OFFERING CIRCULAR.
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