Equity Release Funding (No.4) PLC Notice of Amendment (6052Z)
15 Marzo 2017 - 6:09PM
UK Regulatory
TIDM68VY
RNS Number : 6052Z
Equity Release Funding (No.4) PLC
15 March 2017
NOTICE
to the holders of the
GBP125,000,000 Class A1 Mortgage Backed Floating Rate Notes due
2039 (XS0197423188);
GBP215,000,000 Class A2 Mortgage Backed Floating Rate Notes due
2039 (XS0197423345);
GBP61,000,000 Class B Mortgage Backed Floating Rate Notes due
2049 (XS0197423774);
GBP16,500,000 Class C Mortgage Backed Deferrable Interest
Floating Rate Notes due 2049 (XS0197424236); and
GBP1,000,000 Class D Mortgage Backed Deferrable Interest
Floating Rate Notes due 2049 (XS0197424400)
(together, the "Notes")
of Equity Release Funding (No.4) PLC (the "Issuer")
Notice is hereby given to the holders of the Notes (the
"Noteholders") that certain amendments have been made to the
definitions as used in the Credit Facility Agreement originally
entered into between the Issuer, Funding for Equity Release
Securitisation Transaction (No. 4) Ltd. ("FFERST4") and Citicorp
Trustee Company Limited as trustee (the "Trustee") dated 30 July
2004 (the "Credit Facility Agreement") (such amendments, the
"Amendments"). The relevant definitions are currently set out in
the Master Definitions and Construction Schedule which is
referenced in the Credit Facility Agreement.
The Amendments clarify the drafting of the relevant definitions
in the original documentation for the avoidance of doubt. As such,
the Credit Facility Agreement has been amended as follows:
(i) the definition of Credit Facility Adjustment Fee has been
amended to correct a drafting deficiency in the original
documentation and to reflect the manner in which determinations and
payments have been made under the relevant Transaction Documents to
date;
(ii) the definition of FFERST4 Hedge Agreement has been amended
so that any reference to the FFERST4 Hedge Agreement shall be
construed as a reference to that document as the same may have
been, or may from time to time be amended, varied, novated,
supplemented or otherwise transferred in accordance with its terms;
and
(iii) the definition of FFERST4 Hedge Provider has been amended
so that any reference to FFERST4 Hedge Provider shall be construed
so as to include any permitted successors, transferees and
assigns.
The Amendments were effected by way of a deed of amendment (the
"Deed of Amendment") dated 9 March 2017 entered into between the
Issuer, the Credit Facility Provider and the Trustee. The Deed of
Amendment was entered into in accordance with Clause 9.1(a)
(Modification) of the Trust Deed on the basis that the Amendments,
in the opinion of the Trustee, are not materially prejudicial to
the interests of the Noteholders.
Copies of the Deed of Amendment are available from the Issuer
upon request of Noteholders producing such evidence of their
holding of Notes as the Issuer may reasonably require using the
contact details below.
Capitalised terms used, but not otherwise defined, in this
Notice shall have the meanings given to them in the Master
Definitions and Construction Schedule.
This Notice is given by
EQUITY RELEASE FUNDING (NO.4) PLC
c/o Wilmington Trust SP Services (London) Limited, Third Floor,
1 King's Arms Yard, London EC2R 7AF
T +44 (0)20 7397 3600
F +44 (0)20 7397 3601
E TTeam@WilmingtonTrust.com
15 March 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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