FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

USE OF PROCEEDS
The gross proceeds from the issue of the Notes will be u397,400,000.
On the Closing Date, the Issuer will apply the proceeds of the issue of the Notes (and the Units) to acquire
the Receivables from the Lenders. On the Closing Date, each Borrower will pay an Initial Facility Fee to
the Issuer which will be an amount equal to all fees, commissions, costs and expenses properly and
reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes
(and the Units) and the negotiation, preparation and execution of the Transaction Documents relating
thereto (including those fees and commissions payable to the Joint Lead Managers and detailed in the
section entitled ‘‘Subscription and Sale’’ below) and any up-front payments due in respect of any Hedging
Agreement.
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