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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(ii)<br />
(iii)<br />
(iv)<br />
second, to pay pro rata and pari passu the fees, costs, interest, expenses and liabilities<br />
due to the Servicer under the Servicing Agreement, the Cash Manager, the Master<br />
Servicer and the Account Bank under the Cash Management, Master Servicing and<br />
Account Bank Agreement, the Special Servicer under the Special Servicer Agreement,<br />
the Paying Agents, the Agent Bank, the Registrar and the Transfer Agent under the<br />
Paying Agency Agreement, the GIC Provider under the Guaranteed Investment<br />
Contract and the Corporate Services Provider and the Share Trustee under the<br />
Corporate Services Agreement;<br />
third, in payment in or towards payment of interest, principal and any other amounts<br />
due and payable to the Liquidity Facility Provider pursuant to the Liquidity Facility<br />
Agreement;<br />
fourth, pro rata and pari passu in payment in or towards amounts due and payable to:<br />
(a)<br />
(b)<br />
the Interest Rate Swap Counterparty pursuant to the Interest Rate Swap<br />
Agreement to the extent not satisfied from any collateral provided by the<br />
Interest Rate Swap Counterparty and any amounts received by the Issuer from a<br />
replacement interest rate swap counterparty in respect of a replacement interest<br />
rate swap transaction, if any, (except for any relevant Interest Rate Swap<br />
Counterparty Default Payment); and<br />
the Cap Provider pursuant to the Interest Rate Cap Agreement to the extent not<br />
satisfied from any collateral provided by the Cap Provider and any amounts<br />
received by the Issuer from a replacement cap provider in respect of a<br />
replacement cap transaction, if any, (except for any relevant Cap Provider<br />
Default Payment);<br />
(v)<br />
fifth, to pay pro rata and pari passu:<br />
(a)<br />
(b)<br />
(c)<br />
amounts (other than in respect of principal) payable in respect of the A Notes<br />
(such amounts to be paid pro rata according to the respective interest<br />
entitlements of the A Noteholders);<br />
amounts pari passu to the holders of the A Notes in respect of principal of the<br />
A Notes until no A Notes remain outstanding; and<br />
amounts payable to the Cross Currency Swap Counterparty pursuant to the<br />
Cross Currency Swap Agreement to the extent not satisfied from any collateral<br />
provided by the Cross Currency Swap Counterparty and any amounts received<br />
by the Issuer from a replacement swap counterparty in respect of a replacement<br />
cross currency swap transaction, if any, (except for any relevant Cross<br />
Currency Swap Counterparty Default Payment);<br />
(vi)<br />
sixth, to pay pro rata and pari passu:<br />
(a)<br />
(b)<br />
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<br />
entitlements of the B Noteholders); and<br />
amounts pari passu to the holders of the B Notes in respect of principal of the<br />
B Notes until no B Notes remain outstanding;