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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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Facility Fees Pursuant to the terms
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• details of the Property Manager
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taking into account any rent guaran
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(d) any Obligor or the Borrowers’
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(or u100,000 for Proudreed France S
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Account and the related Disposal Ex
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The ‘‘Due Diligence Criteria’
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(e) a deposit (by way of gage-espè
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Pursuant to the terms of the Proper
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negatively affect the credit qualit
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provided however that no such termi
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RESOURCES AVAILABLE TO THE BORROWER
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Reserve. Furthermore, in the event
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Obligor Post-Enforcement Priorities
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Account following the occurrence of
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(e) fifth, in or towards satisfacti
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On delivery of a Note Enforcement N
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VALUATION REPORTS 22 septembre 2005
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We attach schedule of values, divid
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15 June 2005 Proudreed France Sarl
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Finally, we would ask that neither
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We attach schedule of values, divid
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15 June 2005 Proudreed France Sarl
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Finally, we would ask that neither
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We attach schedule of values, divid
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15 June 2005 Proudreed France Sarl
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This valuation is provided for the
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We confirm that we are able to comp
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15 June 2005 Proudreed France Sarl
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This valuation is provided for the
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We confirm that we are able to comp
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15 June 2005 Proudreed France Sarl
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This valuation is provided for the
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For recently completed developments
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Schedule of Values - Appendix 1 130
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Appendix 2 - Schedule of Values 132
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Appendix 4 Net Market Fund Ref Prop
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We are in the opinion that the valu
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Assets of the Issuer Receivables an
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- 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
- Page 165 and 166: RESERVES IN THE BALANCE SHEET Corpo
- Page 167 and 168: TABLE OF ACCRUED ASSETS AND ACCRUED
- Page 169 and 170: LEASING Corporate name: PARIS PROVI
- Page 171 and 172: AFFILIATED COMPANIES AND INVESTMENT
- Page 173 and 174: P.P.M.P.P. Financial Statements Yea
- Page 175 and 176: 2 - BALANCE SHEET - LIABILITIES AND
- Page 177 and 178: 3 - INCOME STATEMENT (CONTINUED) Co
- Page 179 and 180: Corporate name: P.P.M.P.P. FIXED AS
- Page 181 and 182: RESERVES IN THE BALANCE SHEET Corpo
- Page 183 and 184: TABLE OF ACCRUED ASSETS AND ACCRUED
- Page 185 and 186: SECURITY INTEREST GUARANTEED DEBTS
- Page 187 and 188: The Paris Properties Parent Obligor
- Page 189 and 190: which it is or will be a party (inc
- Page 191: Principal Activities The principal
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- Page 197 and 198: 3 - INCOME STATEMENT (CONTINUED) Co
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- Page 205 and 206: Corporate Name: PROUDREED France DE
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- Page 209 and 210: AFFILIATED COMPANIES AND INVESTMENT
- Page 211 and 212: THE HEDGING PROVIDERS HSBC Bank plc
- Page 213 and 214: TERMS AND CONDITIONS OF THE NOTES T
- Page 215 and 216: above, on the basis of the offered
- Page 217 and 218: (k) the Master Definitions and Fram
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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