Additional Approved Funding Sample Clauses

Additional Approved Funding. Where: (a) any Designation Notice is delivered pursuant to clause 6.1; and (b) the Borrower has satisfied its obligations under clause 6.2 in respect of that Designation Notice and has delivered a certificate to the Security Trustee confirming the same; and (c) following completion of any steps required under clause 6.4, the Security Trustee will (subject to the Security Trustee not having received notice that a Default Event has occurred) enter the details of the Relevant Obligations on the register maintained by it under clause 12 and, with effect from the date on which such entry is recorded, the additional indebtedness of the relevant Obligor(s) to the proposed Beneficiary shall: (d) be an Approved Facility for the purposes of this Deed; (e) form part of the Outstandings to the relevant Beneficiary for the purposes of this Deed and rank and be secured on the same basis as specified in clause 4.2; and (f) be included and be taken into account as part of the Outstandings to the relevant Beneficiary for the purposes of distributions under clause 4.1.