ALBA 2007 – 1 plc - Irish Stock Exchange

(A)
(B)
(C)
(D)
(E)
other than in respect of principal, due and payable in respect of the A1a Notes (such
amounts to be paid pro rata and according to the respective interest entitlements of the
Ala Noteholders);
other than in respect of principal, due and payable in respect of the A2 Notes (such
amounts to be paid pro rata and according to the respective interest entitlements of the
A2 Noteholders);
other than in respect of principal, due and payable in respect of the A3 Notes (such
amounts to be paid pro rata and according to the respective interest entitlements of the
A3 Noteholders);
due and payable (including any fees) to the Cross Currency Swap Counterparty in
respect of the A1b Euro Swap Transaction including termination payments to the
extent not satisfied from any collateral provided by the Cross Currency Swap
Counterparty and any premium received from a replacement cross currency swap
provider (other than amounts in respect of payments of principal and the return of
collateral (and income thereon) and except for any relevant Cross Currency Swap
Counterparty Default Payment where "Cross Currency Swap Counterparty Default
Payment" means any termination payment due or payable under the Cross Currency
Swap Agreement as a result of the occurrence of an Event of Default where the Cross
Currency Swap Counterparty is the Defaulting Party or an Additional Termination
Event relating to the downgrade or withdrawal of the credit rating of the Cross
Currency Swap Counterparty (as such terms are defined in the Cross Currency Swap
Agreement)); and
other than in respect of principal, due and payable on the A1b Notes (if any) after
applying such amounts received under the A1b Swap Transaction (such amounts to be
paid pro rata and according to the respective interest entitlements of the A1b
Noteholders);
(vii)
(viii)
(ix)
(x)
(xi)
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;