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

calculation, LIBOR is assumed to be 4.8130 per cent., which is equivalent to the fixed rate payable by the
Borrower under the related Swap Transaction.
“Loan Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for
general business in London.
“Loan Document” means:
(a) the Credit Agreement;
(b) a Security Agreement;
(c) any Hedging Arrangement;
(d) the Guarantee and Subordination Deed;
(e) the Duty of Care Agreement; or
(f) any other document designated as such by the Security Agent and the Borrower,
together, the “Loan Documents”.
“Loan Event of Default” means, in respect of the Libra Whole Loan, an event of default (howsoever
described) under the Credit Agreement.
“Loan Interest Accrual Period” means:
(a) in relation to the Libra Whole Loan, each successive period commencing on and including a Due Date
and ending on the next Due Date to occur; and
(b) in relation to any unpaid sum, each period determined in accordance with the Credit Agreement,
and for the purposes of calculating the amount of interest due in relation to any Loan Interest Accrual
Period, the days comprising that Loan Interest Accrual Period shall include the day on which the Loan Interest
Accrual Period starts but shall exclude the day on which such Loan Interest Accrual Period ends.
“Loan LIBOR” has the meaning, in relation to the Libra Whole Loan or any unpaid sum under a Loan
Document on which interest for a given period is to accrue, given to the term LIBOR as defined in the Credit
Agreement. For the purposes of certain calculations in this document, LIBOR is assumed to be 4.8130 per cent.,
which is equivalent to the fixed rate payable by the Borrower under the related Swap Transaction.
“Loan Maturity Date” means, subject to any extension, 15 January 2009, or, upon extension, 15 January
2010 (or, if that is not a Loan Business Day, the immediately succeeding Loan Business Day).
“Loan Representative” means, in relation to any Loan, any party identified to the Security Agent as
representative of the Lenders participating in that Loan.
“Management Agreement” means any agreement under which a managing agent is appointed (including
each Asset Administration Agreement entered into by Propco 10 in its capacity as Managing Agent with one or
more members of the Borrower Group on each of 10 April 1997, 15 February 1999 and 16 November 1999).
“Managing Agent” means Propco 10, in its capacity as managing agent or property manager of the
Properties pursuant each of the Management Agreements, or any other managing agent appointed by a Property
Owner with the prior consent if, and on terms approved by, the Lenders.
“Material Adverse Effect” means a material adverse effect on:
(a) the business or financial condition of the Borrower Group as a whole;
(b) the ability of any Obligor to perform its obligations under any Loan Document;
(c) the validity or enforceability of any Loan Document; or
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