ALBA 2007 â 1 plc - Irish Stock Exchange
ALBA 2007 â 1 plc - Irish Stock Exchange
ALBA 2007 â 1 plc - Irish Stock Exchange
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(A)<br />
(B)<br />
(C)<br />
(D)<br />
(E)<br />
other than in respect of principal, due and payable in respect of the A1a Notes (such<br />
amounts to be paid pro rata and according to the respective interest entitlements of the<br />
Ala Noteholders);<br />
other than in respect of principal, due and payable in respect of the A2 Notes (such<br />
amounts to be paid pro rata and according to the respective interest entitlements of the<br />
A2 Noteholders);<br />
other than in respect of principal, due and payable in respect of the A3 Notes (such<br />
amounts to be paid pro rata and according to the respective interest entitlements of the<br />
A3 Noteholders);<br />
due and payable (including any fees) to the Cross Currency Swap Counterparty in<br />
respect of the A1b Euro Swap Transaction including termination payments to the<br />
extent not satisfied from any collateral provided by the Cross Currency Swap<br />
Counterparty and any premium received from a replacement cross currency swap<br />
provider (other than amounts in respect of payments of principal and the return of<br />
collateral (and income thereon) and except for any relevant Cross Currency Swap<br />
Counterparty Default Payment where "Cross Currency Swap Counterparty Default<br />
Payment" means any termination payment due or payable under the Cross Currency<br />
Swap Agreement as a result of the occurrence of an Event of Default where the Cross<br />
Currency Swap Counterparty is the Defa ulting Party or an Additional Termination<br />
Event relating to the downgrade or withdrawal of the credit rating of the Cross<br />
Currency Swap Counterparty (as such terms are defined in the Cross Currency Swap<br />
Agreement)); and<br />
other than in respect of principal, due and payable on the A1b Notes (if any) after<br />
applying such amounts received under the A1b Swap Transaction (such amounts to be<br />
paid pro rata and according to the respective interest entitlements of the A1b<br />
Noteholders);<br />
(vii)<br />
(viii)<br />
(ix)<br />
(x)<br />
(xi)<br />
seventh, to pay amounts to be credited to the A Principal Deficiency Sub-Ledger (such amounts<br />
to be applied in redemption of the A Notes in accordance with Condition 5) until the balance of<br />
the A Principal Deficiency Sub-Ledger has reached zero;<br />
eighth, to pay amounts (other than in respect of principal) payable in respect of the B Notes<br />
(such amounts to be paid pro rata according to the respective interest entitlements of the B<br />
Noteholders);<br />
ninth, to pay amounts to be credited to the B Principal Deficiency Sub-Ledger (such amounts to<br />
be applied in redemption of the B Notes in accordance with Condition 5) until the balance of the<br />
B Principal Deficiency Sub-Ledger has reached zero;<br />
tenth, to pay amounts (other than in respect of principal) payable in respect of the C Notes (such<br />
amounts to be paid pro rata according to the respective interest entitlements of the C<br />
Noteholders);<br />
eleventh, to pay amounts to be credited to the C Principal Deficiency Sub-Ledger (such amounts<br />
to be applied in redemption of the C Notes in accordance with Condition 5) until the balance of<br />
the C Principal Deficiency Sub-Ledger has reached zero;