SHORTLINE PLCShortline PLC • March 19th, 2016
The Notes are limited recourse obligations of the Issuer and were issued in connection with a loan extended pursuant to the amended and restated loan agreement dated 19 February 2016 (the “Amended and Restated Loan Agreement”) entered into between the Issuer and the Company. The Notes were issued pursuant to the Trust Deed (as defined herein) between the Issuer and BNY Mellon Corporate Trustee Services Limited as trustee (the “Trustee”, which expression includes all persons for the time being appointed as trustee for the holders of the Notes under the Trust Deed). In the Trust Deed, the Issuer has charged, in favour of the Trustee, by way of a first fixed charge as security for its payment obligations in respect of the Notes and under the Trust Deed, certain of its rights and interests under the Amended and Restated Loan Agreement and the Account (as defined in the Trust Deed). In addition, the Issuer has assigned absolutely certain of its administrative rights under the Amended and Re
