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 (continued)
Note Payment Schedule
Closing Date: On or about 24 th May 2007.
Payment Date:
The 20 th calendar day of each January, April, July and October, or, if such day is not a Business Day,
then on the next succeeding Business Day. The first Payment Date will be in July 2007.
Determination Date:
The close of business on the 19 th calendar day in the same month as the related Payment Date or if
such day is not a Business Day, then the preceding Business Day.
LIBOR Reset Date:
LIBOR will be fixed on the 20 th calendar day of each January, April, July, and October immediately
preceding the Interest Accrual Period for which the rate will apply, or, if such day is not a Business Day,
then the next succeeding Business Day (or in the case of the first Payment Date, the Closing Date)
(“LIBOR Reset Date”).
Interest Accrual Period for the Notes: From and including the 20 th calendar day of each January, April, July and October (the “Interest Accrual
Date”) up to and excluding the next following Interest Accrual Date provided that the first Interest
Accrual Period will begin on the Closing Date.
Mandatory Redemption:
The Notes will be subject to redemption in full, but not in part, on any Payment Date on which the total
principal balance of the Notes is less than 10.0% of the aggregate balance of the Notes as of the
Closing Date at the option of the Servicer or Special Servicer or, at the direction of 66⅔% of the
Controlling Class (or, if the Class E is the Controlling Class, a majority of 51% of the Class E Notes)
outstanding (other than the Class X Notes or Class V Notes) upon a change in tax law resulting in a
withholding or deduction from payments under the Notes.
Maturity Date: 20 th January 2017.
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.
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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
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