ALBA 2007 – 1 plc - Irish Stock Exchange

(vii)
(viii)
(ix)
(x)
(xi)
(xii)
(xiii)
(xiv)
(xv)
(xvi)
(xvii)
seventh, to pay amounts to be credited to the A Principal Deficiency Sub-Ledger (such amounts
to be applied in redemption of the A Notes in accordance with Condition 5) until the balance of
the A Principal Deficiency Sub-Ledger has reached zero;
eighth, to pay amounts (other than in respect of principal) payable in respect of the B Notes
(such amounts to be paid pro rata according to the respective interest entitlements of the B
Noteholders);
ninth, to pay amounts to be credited to the B Principal Deficiency Sub-Ledger (such amounts to
be applied in redemption of the B Notes in accordance with Condition 5) until the balance of the
B Principal Deficiency Sub-Ledger has reached zero;
tenth, to pay amounts (other than in respect of principal) payable in respect of the C Notes (such
amounts to be paid pro rata according to the respective interest entitlements of the C
Noteholders);
eleventh, to pay amounts to be credited to the C Principal Deficiency Sub-Ledger (such amounts
to be applied in redemption of the C Notes in accordance with Condition 5) until the balance of
the C Principal Deficiency Sub-Ledger has reached zero;
twelfth, to pay amounts (other than in respect of principal) payable in respect of the D Notes
(such amounts to be paid pro rata according to the respective interest entitlements of the D
Noteholders);
thirteenth, to pay amounts to be credited to the D Principal Deficiency Sub-Ledger (such
amounts to be applied in redemption of the D Notes in accordance with Condition 5) until the
balance of the D Principal Deficiency Sub-Ledger has reached zero;
fourteenth, to pay amounts (other than in respect of principal) payable in respect of the E Notes
(such amounts to be paid pro rata according to the respective interest entitlements of the E
Noteholders);
fifteenth, to pay amounts to be credited to the E Principal Deficiency Sub-Ledger (such amounts
to be applied in redemption of the E Notes in accordance with Condition 5) until the balance of
the E Principal Deficiency Sub-Ledger has reached zero;
sixteenth, to pay amounts (other than in respect of principal) payable in respect of the F Notes
(such amounts to be paid pro rata according to the respective interest entitlements of the F
Noteholders);
seventeenth, to pay amounts to be credited to the F Principal Deficiency Sub-Ledger (such
amounts to be applied in redemption of the F Notes in accordance with Condition 5) until the
balance of the F Principal Deficiency Sub-Ledger has reached zero;
(xviii) eighteenth, to credit the Reserve Ledger, until the balance of the Reserve Fund equals the
Reserve Fund Required Amount;
(xix)
(xx)
nineteenth, to retain in the Issuer Transaction Account as the Issuer's profit, an amount equal to
one quarter of 0.01 per cent. of the product of the weighted average Mortgage Rate of the
Mortgage Loans at the end of the preceding Collection Period and the aggregate principal
balance outstanding of the Mortgage Loans at the end of the preceding Collection Period;
twentieth, in or towards pari passu and pro rata payment of: