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

“Borrower” means the borrower under the Libra Whole Loan, a limited liability a company incorporated in
the Cayman Islands.
“Borrower Group” means, together:
(a) the Borrower, one direct subsidiary of the Borrower, two indirect subsidiaries of the Borrower (each of
which are Guarantors) and three indirect subsidiaries of the Borrower (each of which are Property
Owners), each incorporated in the Cayman Islands;
(b) four indirect subsidiaries of the Borrower (each of which is a Property Owner) and two indirect
subsidiaries of the Borrower (each of which is a Guarantor), incorporated in Jersey; and
(c) eight indirect subsidiaries of the Borrower (each of which is a Property Owner) and 17 indirect
subsidiaries of the Borrower (each of which is a Guarantor), incorporated in England and/or tax
resident in the United Kingdom, and
as indicated in the Borrower Group Structure Chart below.
“Borrower Rent Collection Account” means each rent collection account owned and/or maintained by the
relevant Obligor into which Rental Income is paid.
“Break Costs” means, in respect of any prepayment of the Libra Whole Loan, amounts representing the
shortfall in the full amount of interest that would otherwise have been received on the Libra Whole Loan at the
end of the applicable Loan Interest Accrual Period, to the extent that such shortfall will not be recovered by
placing an amount equal to that of the prepayment on deposit with a leading bank in the appropriate interbank
market for a period commencing on the Loan Business Day following receipt of the prepayment and ending on
the last day of the applicable Loan Interest Accrual Period.
“Care Contract” means the contracts entered into from time to time by one or all of the Obligors with local
authorities, local health authorities, the Department of Social Security or with private residents (or a
combination of them) for the provision of residential and nursing care services to the residents of a care home.
“Cash Reserve” means, at any time, the balance standing to the credit of the Cash Reserve Account at that
time. As at 26 April 2007, the balance of the Cash Reserve Account was £17,476,993.61.
“Certificates of Title” means Initial Certificates of Title together with Subsequent Certificates of Title.
“Credit Agreement” means the £1,172,000,000 term loan facility agreement, dated 15 January 2007,
among, inter alios, the Borrower, the Guarantors, CS Funding 1 Limited, as original lender, and Credit Suisse,
London Branch, as security agent, pursuant to which the Libra Whole Loan was made.
“Cut-Off Date” means 15 April 2007.
“Cut-Off Date Allocated Loan Amount” means for each Property the Allocated Loan Amount of such
Property as of the Cut-Off Date.
“Cut-Off Date Secured Subordinate Debt Principal Balance” means with respect to the Libra Whole
Loan, the principal balance of the Subordinate Debt as at the Cut-Off Date.
“Cut-Off Date Securitised Loan LTV” means the Cut-Off Date Securitised Loan Principal Balance
divided by the aggregate Value of the Properties securing the Libra Loan as set forth in the Valuation Report.
“Cut-Off Date Securitised Loan Principal Balance” means the outstanding principal balance of the Libra
Loan as of the Cut-Off Date.
“Cut-Off Date Whole Loan LTV” means the Cut-Off Date Whole Loan Principal Balance divided by the
aggregate Value of the Properties securing the Libra Whole Loan as set forth in the Valuation Report.
“Cut-Off Date Whole Loan Principal Balance” means the outstanding principal balance of the Libra
Whole Loan as of the Cut-Off Date.
“Dangerous Substance” means any radioactive emissions and any natural or artificial substance (whether
in the form of a solid, liquid, gas or vapour) the generation, transportation, storage, treatment, use or disposal of
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