FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

(i)
(j)
any dividend payment by that Borrower to its shareholder;
the payment of the purchase price in connection with the exercise of a purchase option relating to
a property subject to a Finance Lease;
Legal Opinions means the legal opinions delivered, or to be delivered, in accordance with the Commercial
Mortgage Loan Agreements;
Lenders means CCF and Société Générale;
Liquidity Drawing means a loan made or to be made under the Liquidity Facility;
Liquidity Event means the occurrence of: (i) the Liquidity Facility Provider ceasing to have the Liquidity
Requisite Ratings and/or (ii) the Liquidity Facility Provider declining to renew the commitment period
of the Liquidity Facility;
Liquidity Facility means a 364 day euro-revolving liquidity facility provided by the Liquidity Facility
Provider pursuant to the Liquidity Facility Agreement to permit drawings to be made of up to the
Liquidity Facility Maximum Amount as reduced or cancelled from time to time under the Liquidity
Facility Agreement;
Liquidity Facility Agreement means a facility agreement dated 21 October 2005 between, inter alios, the
Management Company on behalf of the Issuer, the Custodian and the Liquidity Facility Provider in
relation to the Liquidity Facility;
Liquidity Facility Maximum Amount means u26 million being the maximum amount available for
drawdown under the Liquidity Facility, as the same may be reduced from time to time in accordance with
the Liquidity Facility Agreement;
Liquidity Facility Provider means CCF under the Liquidity Facility Agreement or such other entity or
entities appointed as liquidity facility provider from time to time, subject to and in accordance with the
terms of the Liquidity Facility Agreement;
Liquidity Facility Standby Account means the account held in the name of the Issuer for the deposit of
Liquidity Facility Standby Drawings (if any) with the Liquidity Facility Provider (for so long as it satisfies
the Rating Criteria) or the Issuer Account Bank or (subject to the written approval of the Liquidity
Facility Provider, such approval not to be unreasonably delayed or withheld) any other bank, the
short-term, unsecured, unsubordinated and unguaranteed debt obligations of which satisfy the Rating
Criteria;
Liquidity Facility Standby Drawing means a drawing following a Liquidity Event or the principal amount
of that drawing outstanding at a particular time, where the context requires;
Liquidity Requisite Ratings means the Liquidity Facility Provider’s short term unsecured, unsubordinated
and unguaranteed debt obligations of at least A-1+ by S&P and F1 by Fitch;
Liquidity Shortfall means in relation to an Interest Payment Date a shortfall between (i) all amounts
which will be received by the Issuer on or by such Interest Payment Date in respect of the related Interest
Period and (ii) the Issuer Debt Service Required Amount determined in respect of the related Interest
Payment Date;
Liquidity Subordinated Amounts means the amount by which any payment made to the Liquidity Facility
Provider under the Liquidity Facility Agreement is increased as a consequence of an amount for or on
account of Tax being required to be withheld or deducted from that payment;
Loan Calculation Date means, in respect of any Information Date, the day falling five Business Days
following such Information Date;
Loan Enforcement Notice means a notice delivered by the FCC Servicer to the Borrowers’ Agent, on
behalf of the relevant Borrowers, in accordance with the terms of a Commercial Mortgage Loan
Agreement;
Loan Event of Default means each of the events described in the section entitled ‘‘Summary of Principal
Documents – The Commercial Mortgage Loan Agreements – Loan Events of Default’’, as more specifically
set out in the Commercial Mortgage Loan Agreements;
Loan Interest Payment Date means, in respect of any Interest Payment Date, the day falling three Business
Days prior to such Interest Payment Date;
254