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Terms defined in the Master Definitions and Construction Schedule dated 2 March 2005 (as amended) bear the same meanings when used in this Notice. Noteholders attention is drawn to Clause 20 of the Intercompany Loan Agreement pursuant to which Holdings is entitled to dispose of its interest in a Property Company, provided that certain conditions are satisfied. The Issuer gives notice that Holdings intends to exercise that right to dispose of Broadgate (PHC 3), being the Property Company which owns 100 Liverpool Street and 8-12 Broadgate, London EC2. The purchaser of these Property Companies is PHC 3 Parent Limited. One of the conditions of such disposal is that PHC 3 prepays its Subordinated Loan to the Borrower and the Borrower prepays one or more Term Loans in an amount equal to the Required Prepayment Amount being in this case an aggregate amount of £106,929,320.00. Under Condition 6.2 (c) of the Bond ....
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