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 replacement cap provider in respect of a replacement cap transaction (except for any<br />
Cap Provider Default Payment where "Cap Provider Default Payment" means any<br />
termination payment due or payable under the Interest Rate Cap Agreement as a result<br />
of the occurrence of an Event of Default where the Cap Provider is the Defaulting<br />
Party or an Additional Termination Event relating to the downgrade or withdrawal of<br />
the credit rating of the Cap Provider (as such terms are defined in the Interest Rate<br />
Cap Agreement));<br />
(C)<br />
(D)<br />
amounts due and payable to a replacement interest rate swap counterparty to the extent<br />
not satisfied from any collateral provided by the Interest Rate Swap Counterparty<br />
together with the termination payment (if any) made by the Interest Rate Swap<br />
Counterparty; and<br />
amounts due and payable to a replacement cap provider to the extent not satisfied from<br />
any collateral provided by the Cap Provider together with the termination payment (if<br />
any) made by the Cap Provider;<br />
(vi)<br />
sixth, to pay amounts pari passu and pro rata:<br />
(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 Defaulting 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);