FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

Delivery of documents
A copy of the documents referred to in the section above may be obtained from the Management
Company by the Noteholders or Unitholders and any Transaction Party upon request.
The Management Company shall be responsible for communicating to the Noteholders, the Unitholders,
the Noteholder Representatives the Custodian the Rating Agencies, the Paying Agents, the Cash
Manager, the FCC Servicer, the Issuer Account Bank, the Hedging Providers, the Liquidity Facility
Providers and, through the Paying Agents, the Irish Stock Exchange, copies of all reports in its possession,
together with any other information in its possession required by any of the foregoing in respect of the
Receivables.
Quarterly Information – Investor Report
On or before the Business Day immediately preceding each Interest Payment Date, the Management
Company shall provide the FCC Servicer, the Custodian, the Cash Manager, the Paying Agents, the
Liquidity Facility Provider and the Hedging Providers with an Investor Report setting out, among other
things:
• details of interest, Pool Factor and principal paid and payable on each class of Notes;
• details of the Commercial Mortgage Loans (including any covenant testing);
• the latest Market Value of the Property Portfolios (based upon the most recent Valuation Report);
• details of each Property Portfolio by reference to property type and region;
• details of the top 10 Occupational Tenants (by rental income generated) for each Property Portfolio;
• details of any disposals and substitutions in respect of each Property Portfolio;
• total Gross Rental Income and the Estimated Rental Value for each Property Portfolio; and
• details of any proposed Development the cost (excluding VAT) of which is estimated to be in excess
of the greater of u250,000 and 10 per cent. of the Estimated Rental Value of the relevant Secured
Property.
Custodian’s supervision
In order to allow the Custodian to perform its supervisory duties in accordance with the applicable laws
and regulations and the provisions of the Issuer Regulations, the Management Company shall deliver the
draft of the documents referred to in above, by no later than fifteen (15) calendar days prior to the
scheduled date on which such documents shall be issued, together with such information which have been
necessary for the purposes of the issuance of the same, that the Custodian may reasonably request.
The Units of the Issuer
On the Closing Date, the Issuer shall issue two (2) Units of the same class with a nominal value of u 150
(one hundred and fifty euros) each, for an issue price equal to 100% (hundred per cent) of the nominal
value of each Unit. There shall be no other issue of Units after the Closing Date.
The Units will be:
(i) financial instruments (instruments financiers) within the meaning of Article L.211-1 of the French
Monetary and Financial Code; and
(ii) transferable securities (valeurs mobilières) within the meaning of Article L.211-2 of the French
Monetary and Financial Code.
In accordance with the provisions of Article L.211-4 of the French Monetary and Financial Code the Units
are issued in dematerialised form (book entry form). No physical documents of title will be issued in
respect of the Units.
The Units will rank pari passu and rateably among themselves without any preference or priority; as
between the Notes and the Units, the Notes will rank in priority to the Units, in accordance with the
provisions of the French Monetary and Financial Code and the Issuer Regulations (in particular, the
Issuer Priority of Payments).
None of the Units shall be listed on any recognised French or foreign stock exchange or traded on any
French or foreign securities market (whether regulated (réglementé) within the meaning of Articles L.421-1
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