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

Titan Europe 2007-1 (NHP) Limited Collateral and Structural Term Sheet 1 st May 2007
continuing, the Controlling Class Representative.
Controlling Party Rights:
Special Servicing:
Cash Reserve Account:
The Servicing Agreement will provide, among other things, that the Controlling Party will have no ability to
take direct action in respect of the timing or manner of enforcement of any Related Security with respect to
the Libra Loan. However, the Controlling Party will have certain consultation and approval rights on certain
matters with respect to the Libra Loan and will be entitled to instruct the Issuer or the Note Trustee to
remove and replace the Special Servicer.
The Special Servicer will be responsible for servicing the loan in default and for administering properties
owned by the Issuer following enforcement of the security released to the loan.
At the Utilisation Date of the Libra Whole Loan, an upfront deposit was made into the Cash Reserve
Account (£17,476,993.61 as of 26 th April 2007), to be applied in the case of shortfalls in the Rent Account,
and for the purpose of maintaining the Libra Whole Loan minimum Interest Cover covenant of 1.05x (and
resulting in a Libra Whole Loan U/W DSCR of 1.00x based on no principal repayment).
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 IN THE EVENT OF ANY SUCH OFFERING, THIS INFORMATION SHALL BE DEEMED SUPERSEDED, AMENDED AND SUPPLEMENTED IN ITS ENTIRETY BY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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