Common use of Acknowledgement of Note Trustee Clause in Contracts

Acknowledgement of Note Trustee. The Note Trustee hereby acknowledges and agrees that save with respect to the obligations of the Current Issuer to the Noteholders under the Current Issuer Notes and this Current Issuer Deed of Charge which are not limited under paragraph (b) of Clause 6.6 (No Enforcement by Current Issuer Secured Creditors) or under this Clause 6.7 (Acknowledgement of Note Trustee) and notwithstanding any other provision of this Current Issuer Deed of Charge or any other Current Issuer Transaction Document, no sum due or owing to any Current Issuer Secured Creditor or to the Note Trustee (whether for itself or on behalf of the Current Issuer Secured Creditors) from or by the Current Issuer under this Current Issuer Deed of Charge or any other Current Issuer Transaction Document shall be payable by the Current Issuer except to the extent that the Current Issuer has sufficient funds available or (following enforcement of the Current Issuer Security) the Note Trustee has realised sufficient funds from the Current Issuer Security to pay such sum subject to and in accordance with the relevant Current Issuer Priority of Payments and provided that all liabilities of the Current Issuer required to be paid in priority thereto or pari passu therewith pursuant to such Current Issuer Priority of Payments have been paid, discharged and/or otherwise provided for in full.