Common use of Secured Creditor Clause in Contracts

Secured Creditor. Each Funding 2 Secured Creditor agrees that any amounts due to the Eligible GIC Custodian or any agent, delegate or sub-delegate of the Eligible GIC Custodian shall be paid pro rata and pari passu with amounts due to the Funding 2 Account Bank in accordance with the Funding 2 Priority of Payments. Each Funding 2 Secured Creditor agrees to enter into an Accession Deed in order for the Eligible GIC Custodian to become a Funding 2 Secured Creditor.