SUBORDINATION AND SECURITY. 3 8. Notices.................................................................5 9. Taxes...................................................................5
SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance shall be subordinated to, inter alia, payments of principal and interest on any Intercompany Loan, and all other payments or provisions ranking in priority to payments to be made to the Funding 1 Start-Up Loan Provider under this Agreement, in each case in accordance with the priority of payments or as provided in Clause 6 or, as applicable, Clause 7 and Schedule 4 of the Funding 1 Deed of Charge.
SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that repayments in respect of the Advance shall be subordinated to, inter alia, payments of principal and interest on the Current Issuer Intercompany Loan and all other payments or provisions ranking in priority to payments to be made to the Current Issuer Start-Up Loan Provider under this Agreement in accordance with the Funding Priority of Payments and the Funding Deed of Charge.
SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 2024-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.
SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that repayments in respect of each Start-Up Loan Tranche made under this Agreement shall be subordinated to, inter alia, payments of principal and interest on the Issuer Notes and all other payments or provisions ranking in priority to payments to be made to the Issuer Start-Up Loan Provider under this Agreement in accordance with the Issuer Priority of Payments and the Issuer Deed of Charge.
SUBORDINATION AND SECURITY. You hereby acknowledge that the payment of principal and interest on the Bond will be subordinated in right of payment to the extent of the principal amount of (and premium, if any), and interest on, all senior indebtedness (however defined in any debt instrument) of the Company outstanding at any time during the term of the Bond, and you hereby acknowledge that the indebtedness hereunder is unsecured. You further acknowledge that the Bond is unsecured and that no sinking fund is being established by the Company for the retirement of the indebtedness.
SUBORDINATION AND SECURITY. 8.1 The parties hereby agree that the Funding Loan (and any interest capitalised pursuant to Clause 5.4) shall be subordinated to all other payments or provisions ranking in priority to payments to be made to the Funding Loan Provider under this Agreement as provided in Clause 7 and Schedule 3 of the Funding Deed of Charge.
SUBORDINATION AND SECURITY. 8.1 The parties hereby agree that the Extraordinary Payment Holiday Start-up Loan (and any interest capitalised pursuant to Clause 4.5) shall be subordinated to, inter alia, payments of principal and interest on any Intercompany Loan, and all other payments or provisions ranking in priority to payments to be made to the Extraordinary Payment Holiday Start-Up Loan Provider under this Agreement, in each case in accordance with the priority of payments or as provided in clause 6 or, as applicable, clause 7 and Schedule 4 of the Funding 1 Deed of Charge.
SUBORDINATION AND SECURITY. 8.1 The parties hereby agree that the Extraordinary Payment Holiday Start-up Loan (and any interest capitalised pursuant to Clause 4.3) shall be subordinated to, inter alia, payments of principal and interest on any Intercompany Loan, and all other payments or provisions ranking in priority to payments to be made to the Extraordinary Payment Holiday Start-Up Loan Provider under this Agreement, in each case in accordance with the priority of payments or as provided in Clause 7 (Payments out of Funding 1 Accounts upon Acceleration) or, as applicable, Clause 8 (Enforcement by the Funding 1 Security Trustee) and Schedule 4 (Funding 1 Priority of Payments) of the Funding 1 Deed of Charge.
SUBORDINATION AND SECURITY. You hereby acknowledge that the ---------------------------- payment of principal and interest on the Note will be subordinated in right of payment to the extent of the principal amount of (and premium, if any), and interest on, all senior indebtedness (however defined in any debt instrument) of the Company outstanding at any time during the term of the Note, and you hereby acknowledge that the indebtedness hereunder is unsecured. You further acknowledge that the Note is unsecured and that no sinking fund is being established by the Company for the retirement of the indebtedness.
