Exhibit 10.4.2
EXECUTION VERSION
START-UP LOAN TRANCHE SUPPLEMENT
This Start-Up Loan Tranche Supplement is made between Northern Rock plc (the
"Issuer Start-Up Loan Provider"), Granite Master Issuer plc ("Master Issuer")
and the Bank of New York (the "Issuer Security Trustee") in relation to the
provision of a Start-Up Loan Tranche by the Issuer Start-Up Loan Provider to the
Master Issuer on the following terms:
o Closing Date - 24 May, 2006
o Principal amount - (GBP)32,483,000
o Interest rate - LIBOR for three month sterling deposits plus
0.9 per cent. per annum
o Payment Dates - Each Monthly Payment Date or, if such date
is not a London Business Day, then the next
following London Business Day
This Start-Up Loan Tranche Supplement is supplemental to the Start-Up Loan
Agreement dated 19 January, 2005 between the parties hereto (the "Start-Up Loan
Agreement"). Capitalised terms used and not otherwise defined herein shall have
the meanings assigned to them in the Start-Up Loan Agreement.
This Start-Up Loan Tranche Supplement is made on 24 May, 2006.
as Master Issuer
EXECUTED for and on behalf of )
GRANITE MASTER ISSUER PLC )
acting by a director )
/s/ X. Xxxxx
-------------------------
Name: Xxxxxx Xxxxx
as Issuer Start-Up Loan Provider
EXECUTED for and on behalf of )
NORTHERN ROCK PLC )
by )
/s/ Xxxxxxxxxxx Xxxx
-------------------------
Name: Xxxxxxxxxxx Xxxx
1
as Issuer Security Trustee
EXECUTED for and on behalf of )
THE BANK OF NEW YORK )
by )
/s/ Xxxx Xxxxxxx
-------------------------
Name: Xxxx Xxxxxxx
Vice President
2
