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

(d) any right or remedy of a Finance Party in respect of a Loan Document.
“Mortgage” means a security interest in land created by a written instrument securing the payment of a
debt owed by the Borrower to the Security Agent, granting the Security Agent first ranking legal mortgage or (in
Scotland) standard security or other preferential right over the relevant property and the related liquidation
proceeds upon enforcement.
“Mortgage of Shares” means any mortgage, or pledge of, or security interest in, shares in the capital of the
Obligors securing the obligations of the Obligors in respect of the Libra Whole Loan.
“Net Value” means with respect to a Property or Properties, the gross value minus purchase costs, as set
forth in the Valuation Report.
“Obligor” means the Borrower and each Guarantor.
“Occupational Lease” means any lease or licence or other right of occupation or right to receive rent to
which a Property may at any time be subject (but excluding any natural person’s right to occupy a Property
arising under or as a result of a Care Contract or other right of occupation of a patient or resident of a care
home).
“Overriding Lease” means those leases granted by the relevant freeholder or long leaseholder member of
the Borrower Group to each of (i) Propco 6 in respect of 93 Properties located in England and Wales and nine
Properties located in Scotland, representing respectively, 32.6 per cent. and 4.0 per cent. of the Cut-Off Date
Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated Loan Amount; (ii) Propco
7 in respect of 62 Properties located in England and Wales and 21 Properties located in Scotland, representing
respectively, 16.6 per cent. and 9.3 per cent. of the Cut-Off Date Securitised Loan Principal Balance based upon
the aggregate Cut-Off Date Allocated Loan Amount; (iii) Propco 9 in respect of 30 Properties located in
England and Wales and five Properties located in Scotland, representing respectively, 7.0 per cent. and 1.9 per
cent. of the Cut-Off Date Securitised Loan Principal Balance based upon the aggregate Cut-Off Date Allocated
Loan Amount; (iv) Propco 8 in respect of 19 Properties located in England and one Property located in Scotland,
representing respectively, 7.7 per cent. and 0.4 per cent. of the Cut-Off Date Securitised Loan Principal Balance
based upon the aggregate Cut-Off Date Allocated Loan Amount; and (v) Propco 14 in respect of one Property
located in Northern Ireland, representing 0.2 per cent. of the Cut-Off Date Securitised Loan Principal Balance
based upon the aggregate Cut-Off Date Allocated Loan Amount.
“Overview Report” means collectively the Legal Overview Commentaries and the Legal Overview
Reports.
“PIK Facility Borrower” means the Shareholder.
“PIK Facility Finance Documents” means the finance documents as defined in the PIK Facility Loan
Agreement.
“PIK Facility Finance Parties” means the Finance Parties as defined in the PIK Facility Loan Agreement.
“PIK Facility Lender” means the holder of the PIK Facility Loan.
“PIK Facility Loan” means the principal amount of the borrowing under the PIK Facility Loan Agreement
or the principal amount outstanding of that borrowing.
“PIK Facility Loan Agreement” means the £70,000,000 term loan facility agreement dated on or about 15
January 2007 between the PIK Facility Finance Parties and the Shareholder as Borrower.
“Prepayment Charge” means, for the Libra Whole Loan, a payment required to be made solely as a
condition to the making of a prepayment, such as a prepayment premium or spread maintenance or yield
maintenance but excluding any Break Costs and provided that such payment shall only be deemed to be a
Prepayment Charge to the extent it exceeds amounts due, at the time the payment is made, in respect of principal
or interest under the Libra Whole Loan.
“Principal Tenant” means Affiliates of Southern Cross Healthcare Group PLC and its Subsidiaries.
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