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FCC Proudreed Properties 2005 a Fre
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(having taken all reasonable care t
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CONTENTS SECTION PAGE PRINCIPAL CHA
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PRINCIPAL CHARACTERISTICS OF THE CO
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LTV Ratio: Security: Insurance: Mor
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DIAGRAMMATIC OVERVIEW OF PARTIES AN
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is one Business Day following such
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SARL Enoville is a French limited l
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Hedging Agreements. For a descripti
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For further details as to the risks
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2. Tenant Concentration (Top 10 Ten
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6. Sectoral Weightings: (Industrial
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Paris Properties 1. Summary descrip
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Property Name Property address Type
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3. Lease type and length of lease S
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7. Details of the Top Ten Propertie
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Property Number 7 Property Name Cha
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PRINCIPAL FEATURES OF THE NOTES Bel
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‘‘AA’’ by Fitch and a ratin
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Interest Rate Risks Interest on the
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after among other things, payments
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same criteria as apply to the Secur
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Although any successor manager of a
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within the Property Portfolio relat
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this judicial procedure. The judgme
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Risks relating to Planning - Right
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(a) to obtain an order for, or paym
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Secured Properties The Secured Prop
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described under ‘‘Obligor Secur
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(together with accrued interest). F
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date on which sale proceeds are rec
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- Page 69 and 70: (d) any Obligor or the Borrowers’
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- Page 73 and 74: Account and the related Disposal Ex
- Page 75 and 76: The ‘‘Due Diligence Criteria’
- Page 77 and 78: (e) a deposit (by way of gage-espè
- Page 79 and 80: Pursuant to the terms of the Proper
- Page 81 and 82: negatively affect the credit qualit
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- Page 89 and 90: Obligor Post-Enforcement Priorities
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- Page 93 and 94: (e) fifth, in or towards satisfacti
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- Page 97 and 98: VALUATION REPORTS 22 septembre 2005
- Page 99 and 100: We attach schedule of values, divid
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- Page 103 and 104: Finally, we would ask that neither
- Page 105 and 106: We attach schedule of values, divid
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- Page 109 and 110: Finally, we would ask that neither
- Page 111 and 112: We attach schedule of values, divid
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- Page 117 and 118: We confirm that we are able to comp
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- Page 121 and 122: This valuation is provided for the
- Page 123 and 124: We confirm that we are able to comp
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- Page 127 and 128: This valuation is provided for the
- Page 129 and 130: For recently completed developments
- Page 131 and 132: Schedule of Values - Appendix 1 130
- Page 133 and 134: Appendix 2 - Schedule of Values 132
- Page 135 and 136: Appendix 4 Net Market Fund Ref Prop
- Page 137 and 138: We are in the opinion that the valu
- Page 139 and 140: Assets of the Issuer Receivables an
- Page 141 and 142: The Custodian will receive a fee, p
- Page 143 and 144: et seq. of the French Monetary and
- Page 145 and 146: THE BORROWERS The Paris Properties
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- Page 149 and 150: Loan Capital: Commercial Mortgage L
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- Page 155 and 156: • granting any security interest
- Page 157 and 158: 1 - BALANCE SHEET - ASSETS Corporat
- Page 159 and 160: 3 - INCOME STATEMENT Corporate name
- Page 161 and 162: NOTES TO THE ACCOUNTS Before repart
- Page 163 and 164: FIXED ASSETS Corporate name: PARIS
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RESERVES IN THE BALANCE SHEET Corpo
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TABLE OF ACCRUED ASSETS AND ACCRUED
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LEASING Corporate name: PARIS PROVI
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AFFILIATED COMPANIES AND INVESTMENT
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P.P.M.P.P. Financial Statements Yea
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2 - BALANCE SHEET - LIABILITIES AND
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3 - INCOME STATEMENT (CONTINUED) Co
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Corporate name: P.P.M.P.P. FIXED AS
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RESERVES IN THE BALANCE SHEET Corpo
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TABLE OF ACCRUED ASSETS AND ACCRUED
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SECURITY INTEREST GUARANTEED DEBTS
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The Paris Properties Parent Obligor
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which it is or will be a party (inc
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Principal Activities The principal
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PROUDREED FRANCE Financial Statemen
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2 - BALANCE SHEET - LIABILITIES AND
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3 - INCOME STATEMENT (CONTINUED) Co
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The principal schedules of deprecia
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DEPRECIATION Corporate name: PROUDR
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TABLE OF RECEIVABLES AND LIABILITIE
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Corporate Name: PROUDREED France DE
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Corporate name: PROUDREED France FI
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AFFILIATED COMPANIES AND INVESTMENT
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THE HEDGING PROVIDERS HSBC Bank plc
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TERMS AND CONDITIONS OF THE NOTES T
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above, on the basis of the offered
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(k) the Master Definitions and Fram
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and Paris Properties SARL and, in r
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(vi) ‘‘repay’’, ‘‘redee
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(ii) if there are no Class A Notes
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Priority of Payments Following Enfo
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Determination of Rates of Interest
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(although the Issuer will not have
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Currency of Payment (b) Payments in
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(f) (i) (ii) agreed that until all
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Management Company and the relevant
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Notices by Delivery to Euroclear, E
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TAXATION French Taxation Pursuant t
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which it sells Notes during the dis
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(c) the excerpts of the financial r
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Borrowers Account Bank means (i) in
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(b) (B) not confer a direct or indi
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FCC Servicer means each entity appo
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La Défense, France respectively (o
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Interest Period means each period f
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(i) (j) any dividend payment by tha
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Mortgage means (i) the mortgages (h
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(iv) any amounts payable by the Iss
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Loan Agreement during such Forward-
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Regulation S means Regulation S und
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HSBC Bank plc 8 Canada Square Londo