FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

unless such day falls in the next month, in which case it shall be the preceding Business Day, on
which interest will be paid in respect of the Notes;
‘‘Interest Period’’ means each period from (and including) an Interest Payment Date and ending on
(but excluding) the next Interest Payment Date provided that the first Interest Period shall be the
period from (and including) the Closing Date and ending on (but excluding) the Interest Payment
Date falling in February 2006 and the last Interest Period shall be the period from (and including)
the Interest Payment Date falling in May 2017 and ending on (but excluding) the Final Maturity
Date;
‘‘Investor Report’’ means the report to be prepared quarterly by the Management Company on
behalf of the Issuer;
‘‘Irish Paying Agent’’ means HSBC Institutional Trust Services (Ireland) Limited acting through its
office at HSBC House, Harcourt Centre, Harcourt Street, Dublin 2, Ireland;
‘‘Irish Stock Exchange’’ means the Irish Stock Exchange Limited;
‘‘Issuer’’ means the debt mutual funds (fonds commun de créances) named FCC Proudreed
Properties 2005, created at the joint initiative of the Management Company and the Custodian,
acting as founders of the Issuer, and governed by the Issuer Regulations, Articles L.214-43 to
L.214-49, Article L.231-7 and Articles R.214-92 to R.214-115 of the French Monetary and Financial
Code and by any law whatsoever applicable to fonds communs de créances;
‘‘Issuer Account Bank’’ means, as at the Closing Date, CCF;
‘‘Issuer Account Bank and Cash Management Agreement’’ means the agreement dated
21 October 2005 between, inter alios, the Management Company (representing the Issuer), the
Custodian, the Cash Manager and the Issuer Account Bank;
‘‘Issuer Accounts’’ means the Issuer Transaction Account, the Mortgage Reserve Account and the
Liquidity Facility Standby Account;
‘‘Issuer Debt Service Required Amount’’ means, in respect of any Interest Payment Date, the
amount required to pay the Issuer’s outstanding obligations under items (i) to (viii) of the Issuer
Pre-Enforcement Priority of Payments on such Interest Payment Date;
‘‘Issuer Post-Enforcement Priority of Payments’’ means the order of the Issuer’s priority of payment
post enforcement of the Notes as set out in Condition 3(i) (Status and Priority – Priority of Payments
Following Enforcement);
‘‘Issuer Pre-Enforcement Priority of Payments’’ means the order of the Issuer’s priority of payment
prior to enforcement of the Notes as set out in Condition 3(h) (Status and Priority – Priority of
Payments Prior to Enforcement);
‘‘Issuer Priority of Payments’’ means the Issuer Pre-Enforcement Priority of Payments and the
Issuer Post-Enforcement Priority of Payments;
‘‘Issuer Transaction Account’’ means the general transaction account held in the name of the Issuer
with the Issuer Account Bank;
‘‘Issuer Transaction Documents’’ means:
(a) the Issuer Regulations;
(b) the Paying Agency Agreement;
(c) the Issuer Account Bank and Cash Management Agreement;
(d) the Units Subscription Agreement;
(e) the Notes Subscription Agreement;
(f) the Receivables Transfer and Servicing Agreement;
(g) each Issuer Transfer Document;
(h) the Hedging Agreements;
(i) the Property Manager Duty of Care Agreement;
(j) the Liquidity Facility Agreement;
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