FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

FCC Servicer means each entity appointed as servicer of Receivables acquired by the Issuer, being initially
CCF SA and Société Générale;
Fees and Expenses means any fees, costs and expenses, other remuneration and indemnity payment which
are due and payable;
Final Maturity Date means the Interest Payment Date falling in August 2017;
Final Offering Circular means the final offering circular relating to the issue of the Notes;
Final Repayment Date means the Loan Interest Payment Date falling in August 2014;
Finance Lease means any finance lease (credit-bail) entered into by a Borrower as lessee (crédit-preneur)
and which has been identified as such in the relevant Commercial Mortgage Loan Agreements;
Finance Lease Reserve means the reserve fund in relation to payments falling due under Finance Leases
as set out in the section entitled ‘‘Resources Available to the Borrowers and the Issuer – Borrower Accounts
– Finance Lease Reserve Account’’;
Finance Lease Reserve Account means, in relation to each Borrower that is a finance lessee under a
Finance Lease, the reserve account held with the Borrowers Account Bank in the name of that Borrower
and established for the purpose of maintaining the Finance Lease Reserve;
Financial Covenants means the financial covenants of the Borrower in respect of the Historical ICR and
the Projected ICR;
Financial Indebtedness means any indebtedness for or in respect of:
(a) monies borrowed or raised and includes capitalised interest;
(b) any amount raised by acceptance under any acceptance credit facility or by documentary credits or
discounted instruments;
(c) any amount raised pursuant to any note purchase facility or the issue of bonds, notes, debentures,
loan stock or any similar debt instrument;
(d) the amount of any liability in respect of any lease (including, for the avoidance of doubt, any crédit
bail) or hire purchase contract which would, in accordance with applicable Accounting Principles,
be treated as a finance or capital lease;
(e) receivables sold or discounted (other than any receivables to the extent they are sold or discounted
on a non-recourse basis);
(f) any amount raised under any other transaction (including any forward sale or purchase agreement)
having the commercial effect of a borrowing;
(g) any derivative transaction entered into in connection with protection against or benefit from
fluctuation in any rate or price (and, when calculating the value of any derivative transaction, only
the marked to market value shall be taken into account);
(h) any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary
letter of credit or any other instrument issued by a bank or financial institution; and
(i) any guarantee or indemnity of any kind, and any off-balance sheet commitment, other than a
suretyship comitment to tax or customs authorities;
Financial Information means the audited, pro forma, financial statements of the relevant Borrower for the
financial years ending in 2003 and 2004;
Financial Regulator means the Irish Financial Services Regulatory Authority;
Financing Documents means the Commercial Mortgage Loan Agreements, the global cost letters and the
drawing notices delivered in connection therewith, the Subordination Agreements, the Obligor Security
Documents, the Issuer Transaction Documents and all other contracts and documents entered into in
connection therewith or designated as such by the parties to the Commercial Mortgage Loan Agreements;
FIPAM means French Investment Portfolio Asset Management, incorporated on 27 June 2001 (registered
under number B 438 302 044) as a limited company (société à responsibilité limitée) under the laws of
France;
First Reference Period means the period beginning on the Closing Date and ending on (but excluding) the
last Loan Calculation Date prior to the seventh anniversary of the Closing Date;
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