ALBA 2007 – 1 plc - Irish Stock Exchange

(a)
(b)
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); and
amounts pari passu to the holders of the C Notes in respect of principal of the
C Notes until no C Notes remain outstanding;
(viii)
eighth, to pay pro rata and pari passu:
(c)
(d)
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); and
amounts pari passu to the holders of the D Notes in respect of principal payable
in respect of the D Notes until no D Notes remain outstanding.
(ix)
ninth, to pay pro rata and pari passu:
(a)
(b)
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); and
amounts pari passu to the holders of the E Notes in respect of principal of the
E Notes until no E Notes remain outstanding;
(x)
tenth, to pay pro rata and pari passu:
(a)
(b)
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); and
pari passu to the holders of the F Notes in respect of principal of the F Notes
until no F Notes remain outstanding;
(xi)
eleventh, pro rata and pari passu in or towards payment of:
(a)
(b)
(c)
any Interest Rate Swap Counterparty Default Payment to the extent not satisfied
from any collateral provided by the Interest Rate Swap Counterparty and any
amounts received by the Issuer from a replacement interest rate swap
transaction, if any, payable to the Interest Rate Swap Counterparty under the
terms of the Interest Rate Swap Agreement;
any Cross Currency Swap Counterparty Default Payment to the extent not
satisfied from any collateral provided by the Cross Currency Swap Counterparty
and any amounts received by the Issuer from a replacement cross currency swap
transaction, if any, payable to the Cross Currency Swap Counterparty under the
terms of the Cross Currency Swap Agreement; and
any Cap Provider Default Payment to the extent not satisfied from any collateral
provided by the Cap Provider and any amounts received by the Issuer from a
replacement cap transaction, if any, payable to the Cap Provider under the
terms of the Interest Rate Cap Agreement;