Common use of Application of Moneys Clause in Contracts

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person).

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes (which are not Book Entry Notes), and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes (which are not Book Entry Notes) or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15Condition 9) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 16 and/or 15(J16(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; and THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the balance (if any) to the relevant Issuer or, as the case may be, to the Guarantor (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer Issuers, the Guarantor and any other personperson including, without limitation, Noteholders of any other Series).

Application of Moneys. ALL All moneys received by the Trustee in respect of the Notes or amounts payable under these presents shall, this Trust Deed will (a) despite any appropriation of all or part of them by the Issuer or the Guarantor and (b) unless and to the extent attributable in the opinion of the Trustee to a particular Series series of the Notes, be apportioned pari passu and rateably between each Series series of the Notes, and all moneys received by the Trustee under these presents this Trust Deed to the extent attributable in the opinion of the Trustee to a particular Series series of the Notes or which are apportioned to such Series series as aforesaid (including any moneys which represent principal or interest in respect of Notes, Receipts Notes or Coupons which have become void under Condition15the Conditions) shall be held by the Trustee upon on trust to apply them (subject to Clause11): FIRST Clause 9.2 (Investment of Moneys) and Clause 4.8 (Suspense Account)): 9.1.1 first, in payment or satisfaction of all amounts then due the costs, charges, expenses and unpaid under Clauses 14 and/or 15(J) to liabilities incurred by the Trustee and/or any Appointee; SECONDLY in the preparation and execution of the trusts of this Trust Deed (including remuneration of the Trustee); 9.1.2 secondly, in or towards payment pari passu and rateably of all principal and arrears of interest then due and unpaid in respect of the Securities of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and remaining unpaid in respect of the Notes of each other Seriesthat series and all principal moneys due on or in respect of the Notes of that series; and FOURTHLY in payment of and 9.1.3 thirdly, the balance (if any) to the relevant Issuer (with out prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer or, if such moneys were received from the Guarantor, the Guarantor; without prejudice to the provisions of this Clause, if the Trustee holds any moneys which represent claims for principal or interest in respect of Notes or Coupons which have become void under the Conditions, the Trustee shall be dealt with as between hold such moneys on the relevant Issuer and any other person)above trusts.

Application of Moneys. ALL All moneys received by the Trustee under these presents shallfrom the Issuer or, unless and to as the extent attributable in case may be, the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid Guarantor (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15Condition 9) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST FIRSTLY, in or towards payment or satisfaction of all amounts then due and unpaid under these presents, including, without limitation, Clauses 14 15 and/or 15(J) 16.10, to the Trustee and/or any Appointee; SECONDLY SECONDLY, to the extent such moneys are attributable, in the opinion of the Trustee, to a particular Series of Notes, in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other SeriesSeries issued by the Issuer; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 10, if the Trustee holds any moneys which represent principal or interest in respect of Notes issued by the Issuer which have become void or in respect of which claims have been prescribed under Condition 9, the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series series of the NotesSecurities, be apportioned pari passu and rateably between each Series series of the NotesSecurities, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series series of the Notes Securities or which are apportioned to such Series series as aforesaid (including any moneys which represent principal principal, premium or interest in respect of Notes, Receipts Securities or Coupons which have become void under Condition15) Condition 9 shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 11): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal principal, premium (if any) and interest then due and unpaid in respect of the Securities of that Seriesseries; THIRDLY in or towards payment pari passu and rateably of all principal principal, premium (if any) and interest then due and unpaid in respect of the Notes Securities of each other Seriesseries; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person).. Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal, premium (if any) or interest in respect of Securities which have become void or in respect of which claims have been prescribed under Condition 9, the Trustee will hold such moneys on the above trusts. Back to Contents

Application of Moneys. ALL All moneys received by the Trustee under these presents shall, unless and to from the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid Issuer (including any moneys which represent principal or interest in respect of Notes, Receipts Notes or Coupons which have become void void, or in respect of claims which have become prescribed, under Condition15Condition 8 (Prescription)) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J15(j) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal principal, premium (if any) and interest then due and unpaid in respect of the Securities of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other SeriesNotes; and FOURTHLY THIRDLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person), Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal, premium (if any) or interest in respect of Notes or Coupons issued by the Issuer which have become void or in respect of which claims have been prescribed under Condition 8 (Prescription), the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be Table of Contents apportioned pari passu and rateably between each Series of the Notes (which are not Book Entry Notes), and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes (which are not Book Entry Notes) or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15Condition 9) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 16 and/or 15(J16(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; and THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the balance (if any) to the relevant Issuer or, as the case may be, to the Guarantor (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer Issuers, the Guarantor and any other personperson including, without limitation, Noteholders of any other Series).

Application of Moneys. ALL 10.1 All moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor (including any moneys which represent principal or interest in respect of Notes or Coupons which have become void or in respect of which claims have become prescribed under Condition 8 (Prescription)) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY Secondly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY Thirdly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY Fourthly in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer Issuer, the Guarantors and any other person). 10.2 Without prejudice to this Clause 10, if the Trustee holds any moneys which represent principal or interest in respect of Notes which have become void or in respect of which claims have been prescribed under Condition 8 (Prescription), the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL 10.1 All moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor (including any moneys which represent principal or interest in respect of Notes or Coupons which have become void or in respect of which claims have become prescribed under Condition 9 (Prescription)) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY Secondly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY Thirdly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of and 10.2 Without prejudice to this Clause 10, if the balance (if any) to the relevant Issuer (with out prejudice to, Trustee holds any moneys which represent principal or liability interest in respect ofof Notes which have become void or in respect of which claims have been prescribed under Condition 9 (Prescription), any question as to how the Trustee will hold such payment to moneys on the relevant Issuer shall be dealt with as between the relevant Issuer and any other person)above trusts.

Application of Moneys. ALL All moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series respect of the Notes of any Series or which are apportioned to such Series as aforesaid amounts payable under this Trust Deed will despite any appropriation of all or part of them by the relevant Issuer or (in the case of Notes issued by UPM-Kymmene Finance) the Guarantor (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15the Conditions) shall be held by the Trustee upon on trust to apply them (subject to Clause11): FIRST Clause 10.3 (Investment of moneys): (a) first, in payment or satisfaction of all amounts then due those fees, costs, charges, expenses and unpaid under Clauses 14 and/or 15(J) to liabilities incurred by the Trustee and/or any Appointee; SECONDLY in the preparation and execution of the trusts of this Trust Deed (including remuneration of the Trustee); (b) second, in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and remaining unpaid in respect of the Notes of each other the relevant Series and all principal moneys due on or in respect of the Notes of that Series provided that where the Notes of more than one Series have become so due and payable, such monies shall be applied as between the amounts outstanding in respect of the different Series pari passu and rateably (except where, in the opinion of the Trustee, such monies are paid in respect of a specific Series or several specific Series, in which event such monies shall be applied solely to the amounts outstanding in respect of that Series or those Series respectively); and FOURTHLY in payment of and (c) third, the balance (if any) to the relevant Issuer (with out prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer or, (in the case of the Notes issued by UPM-Kymmene Finance and if such moneys were received from the Guarantor) the Guarantor; and, without prejudice to the provisions of this Clause, if the Trustee holds any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under the Conditions, the Trustee shall be dealt with as between hold such moneys on the relevant Issuer and any other person)above trusts.

Application of Moneys. ALL moneys received by the Trustee under these presents from the Issuer or, as the case may be, the Guarantor (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition 8) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer or, as the case may be, the Guarantor to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 15 and/or 15(J16(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 10, if the Trustee holds any moneys which represent principal or interest in respect of Notes which have become void or in respect of which claims have been prescribed under Condition 8, the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL All moneys received by the Trustee in respect of the Bonds or amounts payable under these presents shall, this Trust Deed will (i) despite any appropriation of all or part of them by the Issuer or either of the Guarantors and (ii) unless and to the extent attributable in the opinion of the Trustee to a particular Series series of the NotesBonds, be apportioned pari passu and rateably between each Series series of the NotesBonds, and all moneys received by the Trustee under these presents this Trust Deed to the extent attributable in the opinion of the Trustee to a particular Series series of the Notes Bonds or which are apportioned to such Series series as aforesaid (including any moneys which represent principal or interest in respect of Notes, Receipts Bonds or Coupons which have become void under Condition15the Conditions) shall be held by the Trustee upon on trust to apply them (subject to Clause11): FIRST Clause 9.2 (Investment of Moneys) and Clause 4.8 (Suspense Account): (a) first, in payment or satisfaction of all amounts then due the costs, charges, expenses and unpaid under Clauses 14 and/or 15(J) to liabilities incurred by the Trustee and/or any Appointee; SECONDLY in the preparation and execution of the trusts of this Trust Deed (including remuneration of the Trustee); (b) secondly, in or towards payment pari passu and rateably of all principal and arrears of interest then due and remaining unpaid in respect of the Securities Bonds of that Series; THIRDLY in or towards payment pari passu series and rateably of all principal and interest then moneys due and unpaid on or in respect of the Notes Bonds of each other Seriesthat series; and FOURTHLY in payment of and (c) thirdly, the balance (if any) to the relevant Issuer (with out prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer or, if such moneys were received from a Guarantor, that Guarantor; and without prejudice to the provisions of this Clause, if the Trustee holds any moneys which represent principal or interest in respect of Bonds or Coupons which have become void under the Conditions, the Trustee shall be dealt with as between hold such moneys on the relevant Issuer and any other person)above trusts.

Application of Moneys. ALL 10.1 All moneys received by the Trustee under these presents from the Issuer shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them them: (subject to Clause11): FIRST a) first, in payment or satisfaction of all amounts then due the costs, fees, charges, expenses and unpaid under Clauses 14 and/or 15(J) to liabilities properly incurred by the Trustee and/or any Appointee in or about the preparation and execution of the trusts of these presents (including remuneration of the Trustee and of any Appointee; SECONDLY ) and the performance of its obligations under these presents or any related agreement or the exercise of any of the powers, authorities or discretions vested in the Trustee by these presents; (b) secondly, in or towards payment pari passu and rateably of all arrears of amounts corresponding to principal and interest then due and remaining unpaid in respect of the Securities Notes of that Series; THIRDLY ; (c) thirdly, in or towards payment pari passu and rateably of all arrears of amounts corresponding to principal and interest then due and remaining unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the and (a) fourthly, balance (if any) to the relevant Issuer (with out prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer Issuer. 10.2 Without prejudice to the provisions of this Clause 10 (Application of moneys), if the Trustee shall hold any moneys which represent amounts payable in respect of Notes which have become void under Condition 9 (Prescription), the Trustee shall hold such moneys on the above trusts; provided that the Trustee shall be dealt with required to treat any payments of principal and/or interest due under the Notes as between the relevant Issuer having been satisfied and any other person)no amounts as outstanding or owing in respect thereof.

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to from the extent attributable in the opinion of the Trustee to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid relevant Issuer (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition15Condition 9) shall shall, unless and to the extent attributable, in the opinion of the Trustee, to a particular Series of the Notes issued by the relevant Issuer, be apportioned pari passu and rateably between each Series of the Notes issued by the relevant Issuer, and all moneys received by the Trustee under these presents from the relevant Issuer to the extent attributable in the opinion of the Trustee to a particular Series of the Notes issued by the relevant Issuer or which are apportioned to such Series as aforesaid, be held by the Trustee upon trust to apply them (subject to Clause11Clause 11): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other SeriesSeries issued by the relevant Issuer; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal or interest in respect of Notes issued by the relevant Issuer which have become void or in respect of which claims have been prescribed under Condition 9, the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL ‌ 10.1 All moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor (including any moneys which represent principal or interest in respect of Notes or Coupons which have become void or in respect of which claims have become prescribed under Condition 8 (Prescription)) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer or, as the case may be, any Guarantor to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY Secondly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY Thirdly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of and 10.2 Without prejudice to this Clause 10, if the balance (if any) to the relevant Issuer (with out prejudice to, Trustee holds any moneys which represent principal or liability interest in respect ofof Notes which have become void or in respect of which claims have been prescribed under Condition 8 (Prescription), any question as to how the Trustee will hold such payment to moneys on the relevant Issuer shall be dealt with as between the relevant Issuer and any other person).above trusts.‌

Application of Moneys. ALL All moneys received by the Trustee under these presents from the Issuer or, as the case may be, the Guarantor (including any moneys which represent principal or interest in respect of Notes, Receipts or Coupons which have become void under Condition 8) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer or, as the case may be, the Guarantor to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 12): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 15 and/or 15(J16(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 10, if the Trustee holds any moneys which represent principal or interest in respect of Notes which have become void or in respect of which claims have been prescribed under Condition 8, the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL ‌ All moneys received by the Trustee under these presents from the Issuer (including any moneys which represent principal or interest in respect of Notes or Coupons which have become void or in respect of which claims have become prescribed under Condition 8 (Prescription)) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11): FIRST Clauses 2.8 and 11): (a) first in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities of that Series; THIRDLY ; (b) secondly in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; that Series provided that where the Notes of more than one Series have become so due and FOURTHLY payable, such monies shall be applied as between the amounts outstanding in respect of the different Series pari passu and rateably; (c) thirdly in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal or interest in respect of Notes issued by the Issuer which have become void or in respect of which claims have become prescribed under Condition 8 (Prescription), the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL moneys received by the Trustee under these presents shall, unless and to the extent attributable in the opinion of the Trustee to a particular Series series of the NotesSecurities, be apportioned pari passu and rateably between each Series series of the NotesSecurities, and all moneys received by the Trustee under these presents to the extent attributable in the opinion of the Trustee to a particular Series series of the Notes Securities or which are apportioned to such Series series as aforesaid (including any moneys which represent principal principal, premium or interest in respect of Notes, Receipts Securities or Coupons which have become void under Condition15Condition 11) shall be held by the Trustee upon trust to apply them (subject to Clause11Clause 11): FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) to the Trustee and/or any Appointee; SECONDLY in or towards payment pari passu and rateably of all principal principal, premium (if any) and interest then due and unpaid in respect of the Securities of that Seriesseries; THIRDLY in or towards payment pari passu and rateably of all principal principal, premium (if any) and interest then due and unpaid in respect of the Notes Securities of each other Seriesseries; and FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal, premium (if any) or interest in respect of Securities which have become void or in respect of which claims have been prescribed under Condition 11, the Trustee will hold such moneys on the above trusts.

Application of Moneys. ALL All moneys received by the Trustee under these presents from the Issuer (including any moneys which represent principal or interest in respect of Notes or Coupons which have become void under Condition 9) shall, unless and to the extent attributable attributable, in the opinion of the Trustee Trustee, to a particular Series of the Notes, be apportioned pari passu and rateably between each Series of the Notes, and all moneys received by the Trustee under these presents from the Issuer to the extent attributable in the opinion of the Trustee to a particular Series of the Notes or which are apportioned to such Series as aforesaid (including any moneys which represent principal or interest in respect of Notesaforesaid, Receipts or Coupons which have become void under Condition15) shall be held by the Trustee upon trust to apply them (subject to Clause11): Clause 11): (A) FIRST in payment or satisfaction of all amounts then due and unpaid under Clauses 14 and/or 15(J) 15.10 to the Trustee and/or any Appointee; ; (B) SECONDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Securities Notes of that Series; ; (C) THIRDLY in or towards payment pari passu and rateably of all principal and interest then due and unpaid in respect of the Notes of each other Series; and and (D) FOURTHLY in payment of the balance (if any) to the relevant Issuer (with out without prejudice to, or liability in respect of, any question as to how such payment to the relevant Issuer shall be dealt with as between the relevant Issuer and any other person). Without prejudice to this Clause 9, if the Trustee holds any moneys which represent principal or interest in respect of Notes which have become void or in respect of which claims have been prescribed under Condition 9, the Trustee will hold such moneys on the above trusts.