Common use of Funding 1 Profit Amount Clause in Contracts

Funding 1 Profit Amount. In the event that a permanent regime is established with respect to the taxation of securitisation special purpose companies pursuant to the Finance Xxx 0000 and Funding 1 elects to enter into such regime (which Funding 1 hereby undertakes to do at the earliest opportunity and, in any event, within the requisite time limits therefor and in the form required by the regulations made to introduce that regime), Funding 1 shall consider from time to time the level of the profit made by Funding 1 and if Funding 1 determines that a change in such level is appropriate in all the circumstances, then Funding 1 shall certify, with a copy to the Rating Agencies and the Funding 1 Security Trustee that its tax position shall not be adversely affected thereby.

Funding 1 Profit Amount. In the event that a permanent regime is established with respect to the taxation of securitisation special purpose companies pursuant to the Finance Xxx 0000 Act 2005 and Funding 1 elects to enter into such regime (which Funding 1 hereby undertakes to do at the earliest opportunity and, in any event, within the requisite time limits therefor and in the form required by the regulations made to introduce that regime), Funding 1 shall consider from time to time the level of the profit made by Funding 1 and if Funding 1 determines that a change in such level is appropriate in all the circumstances, then Funding 1 shall certify, with a copy to the Rating Agencies and the Funding 1 Security Trustee that its tax position shall not be adversely affected thereby.