ENFORCEMENT AND SUBORDINATION. (a) The Funding 1 Liquidity Facility Provider acknowledges to the Security Trustee that it is bound by the terms of the Funding 1 Deed of Charge and, in particular, confirms that no sum, whether in respect of principal or interest or otherwise relating to any Funding 1 Liquidity Facility Loan, shall be paid by Funding 1 except in accordance with the provisions of the Funding 1 Cash Management Agreement and the Funding 1 Deed of Charge unless and until all sums required by the Funding 1 Cash Management Agreement or the Funding 1 Deed of Charge, as the case may be, to be paid or provided for in priority thereto have been paid or discharged in full.
ENFORCEMENT AND SUBORDINATION. 25 19. Expenses.................................................................26 20.
ENFORCEMENT AND SUBORDINATION. 9.1 The Lender agrees with the Note Trustee and the Issuer to be bound by the terms of the Ninth Schedule to the Trust Deed (relating to priority of payments) and in particular confirms that no sum, whether in respect of principal or interest or otherwise relating to the Expenses Loan, shall be due and payable by the Issuer except in accordance with the Deed of Charge and the Ninth Schedule to the Trust Deed unless and until all sums thereby required to be paid or provided for in priority thereto have been paid or will be discharged in full.
ENFORCEMENT AND SUBORDINATION. 6 10. Notices..................................................................7
ENFORCEMENT AND SUBORDINATION. 7.1 Each Lender agrees with the Trustee and the Issuer to be bound by the terms of the Deed of Charge and, in particular, no sum (whether in respect of principal or interest or otherwise relating to the Loan (or the part thereof advanced by such Lender)) shall be payable by the Issuer except in accordance with the provisions of clauses 6 (Payments out of the Transaction Account prior to Enforcement), 7 (Protection Notice) and 8 (Upon Enforcement) of the Deed of Charge unless and until all sums thereby required to be paid or provided for in priority thereto have been paid or provided for in full. Each Lender further agrees that only the Trustee may enforce the security created in favour of the Trustee by or pursuant to the Deed of Charge in accordance with the provisions thereof and such Lender shall not take any steps for the purpose of recovering any debts whatsoever owing to it by the Issuer or enforcing any rights arising out of this Agreement against the Issuer or procuring the winding-up, administration or liquidation of the Issuer in respect of any of its liabilities whatsoever except to the extent expressly permitted by the provisions of the Deed of Charge.
ENFORCEMENT AND SUBORDINATION. 11.1 The Expenses Loan Provider agrees with the Security Trustee and Loan Note Issuer No.1 to be bound by the terms of the Security Trust Deed (including Clause 23 (Payments of Amounts Representing Finance Charge Collections) and Clause 24 (Payments of Amounts of Principal Collections) of the Security Trust Deed relating to priority of payments) and in particular confirms that no sum, whether in respect of principal or interest or otherwise relating to the Expenses Loan, will be due and payable by Loan Note Issuer No.1 except in accordance with the Security Trust Deed unless and until all sums thereby required to be paid or provided for in priority thereto have been paid or will be discharged in full. The Expenses Loan Provider acknowledges and agrees that the Security Trustee is entitled to all the benefits and protections offered to it under the Security Trust Deed when acting under this Expenses Loan Agreement.
ENFORCEMENT AND SUBORDINATION. 7.1 Each Lender agrees with the Trustee and the Issuer to be bound by the terms of the Deed of Charge and, in particular, no sum (whether in respect of principal or interest or otherwise relating to the Loan (or the part thereof advanced by such Lender)) shall be payable by the Issuer except in accordance with the provisions of Clauses 6, 7 and 8 of the Deed of Charge unless and until all sums thereby required to be paid or provided for in priority thereto have been paid or provided for in full. Each Lender further agrees that only the Trustee may enforce the security created in favour of the Trustee by or pursuant to the Deed of Charge in accordance with the provisions thereof and such Lender shall not take any steps for the purpose of recovering any debts whatsoever owing to it by the Issuer or enforcing any rights arising out of this Agreement against the Issuer or procuring the winding-up, administration or liquidation of the Issuer in respect of any of its liabilities whatsoever except to the extent expressly permitted by the provisions of the Deed of Charge.
ENFORCEMENT AND SUBORDINATION. 8.1 The Lender agrees with the Note Trustee and the Issuer to be bound by the terms of the Arran Funding Note Trust Deed and each of the Arran Funding Note Trust Deed Supplements and in particular confirms that no sum, whether in respect of principal or interest or otherwise relating to the Expenses Loan, will be due and payable by the Issuer except in accordance with the priority of payments provided for in the Arran Funding Note Trust Deed and each of the Arran Funding Note Trust Deed Supplements, as applicable, unless and until all sums thereby required to be paid or provided for in priority thereto in relation to such series have been paid or will be discharged in full.
ENFORCEMENT AND SUBORDINATION. 8.1 The Lender agrees with the Note Trustee and the Issuer to be bound by the terms of the Note Trust Deed and each of the Note Trust Deed Supplements and in particular confirms that no sum, whether in respect of principal or interest or otherwise relating to the Expenses Loan, will be due and payable by the Issuer except in accordance with the priority of payments provided for in the Note Trust Deed and each of the Note Trust Deed Supplements, as applicable, unless and until all sums thereby required to be paid or provided for in priority thereto in relation to such Series have been paid or will be discharged in full.
ENFORCEMENT AND SUBORDINATION. 6 10. Notices.................................................................7 11. Fees....................................................................8 12. Invalidity..............................................................8 13.
