ALBA 2007 – 1 plc - Irish Stock Exchange

thereon) other than, following any early termination of the Cross Currency Swap Agreement,
such portion of collateral that is not required to satisfy any cross currency swap termination
payment due to the Cross Currency Swap Counterparty or to enter into replacement transactions
with a replacement cross currency swap counterparty;
(e)
(f)
(g)
(h)
(i)
amounts received under the Interest Rate Cap Agreement (including, subject to the paragraph
below, any cap termination payments received from the Cap Provider under the Interest Rate
Cap Agreement (the "Cap Termination Amounts") but excluding amounts paid as collateral in
respect of the Interest Rate Cap Agreement (and any income thereon) other than, following any
early termination of the Interest Rate Cap Agreement, such portion of collateral that is not
required to satisfy any cap termination payment due to the Cap Provider or to enter into
replacement transactions with a replacement cap provider);
subject to the paragraph below, amounts (if any) received by the Issuer from a replacement
interest rate swap counterparty in consideration for the Issuer entering into a replacement
interest rate swap agreement with such replacement interest rate swap counterparty;
subject to the paragraph below, amounts (if any) received by the Issuer from a replacement
cross currency swap counterparty in consideration for the Issuer entering into a replacement
cross currency swap agreement with such replacement cross currency swap counterparty;
subject to the paragraph below, amounts (if any) received by the Issuer from a replacement cap
provider in consideration for the Issuer entering into a replacement interest rate cap agreement
with such replacement cap provider; and
amounts standing to the credit of the Reserve Ledger (see the section "Reserve Fund" below),
but excluding, for the avoidance of doubt, any Mortga ge Early Repayment Charges and any amounts
standing to the credit of the Liquidity Ledger.
The inclusion in Available Revenue Funds of any Interest Rate Swap Termination Amounts referred to
in paragraph (c) above, any Cross Currency Swap Termination Amounts referred to in paragraph (d)
above and any Cap Termination Amounts referred to in paragraph (e) above will only be to the extent
of any excess of those termination amounts over the amount payable by the Issuer to any replacement
interest rate swap counterparty, replacement cross currency swap counterparty or replacement cap
provider, as the case may be, in consideration for entering into a replacement interest rate swap
agreement, replacement cross currency swap agreement or replacement interest rate cap agreement, as
the case may be. Further, amounts referred to in paragraphs (f), (g) and (h) above will only be
included to the extent of any excess of those amounts over any termination amounts payable by the
Issuer to the Interest Rate Swap Counterparty, the Cross Currency Swap Counterparty or the Cap
Provider, as the case may be, under the Interest Rate Swap Agreement, the Cross Currency Swap
Agreement or the Interest Rate Cap Agreement, as the case may be.
Available Revenue Funds will, to the extent sufficient, be used by the Cash Manager in payment,
application or provision of the items in the Pre-Enforcement Interest Priority of Payments on each
Payment Date, including towards reducing any Principal Deficiency.
Calculation of Actual Redemption Funds
The Master Servicer is responsible, pursuant to the Cash Management, Master Servicing and Account
Bank Agreement, for determining the amount of the Actual Redemption Funds as at any Calculation
Date and each determination so made shall (in the absence of negligence, wilful default, bad faith or