Common use of ENTRENCHED PROVISIONS Clause in Contracts

ENTRENCHED PROVISIONS. Each of Funding, the Master Issuer and the Security Trustee acknowledge and agree that Funding may from time to time enter into New Intercompany Loan Agreements and that the obligation of Funding to repay the Term Advances made under this Agreement will rank pari passu with the obligations of Funding to repay any such other loans made under such New Intercompany Loan Agreements. If Funding intends to enter into a New Intercompany Loan Agreement then the provisions of this Agreement may be varied (with the consent of the parties to this Agreement to the extent necessary to reflect the terms of such New Intercompany Loan Agreement) PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the Funding Secured Creditors and the Rating Agencies:

ENTRENCHED PROVISIONS. Each of FundingFunding 1, the Master Issuer, the Issuer Security Trustee and the Funding 1 Security Trustee acknowledge and agree that Funding 1 may from time to time enter into New Intercompany Loan Agreements and that the obligation obligations of Funding 1 to repay the Term Advances Loan Tranches made under this Agreement will rank pari passu with the obligations of Funding 1 to repay any such other loans made under such New Intercompany Loan Agreements. If Funding 1 intends to enter into a New Intercompany Loan Agreement then the provisions of this Agreement may be varied (with the consent of the parties to this Agreement to the extent necessary to reflect the terms of such New Intercompany Loan Agreement) in accordance with clause 12 of the Funding 1 Deed of Charge PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the Funding Secured Creditors and the Rating AgenciesIssuer:

ENTRENCHED PROVISIONS. Each of Funding, the Master Issuer and the Security Trustee acknowledge and agree that Funding may from time to time enter into New Intercompany Loan Agreements and that subject to the obligation provisions of Funding to repay the Term Advances made under this Agreement will rank pari passu with the obligations Clause 2 (The Intercompany Loans) of Funding to repay any such other loans made under such New these Intercompany Loan AgreementsTerms and Conditions. If Funding intends to enter into a New Intercompany Loan Agreement then the provisions of this Agreement these Intercompany Loan Terms and Conditions may be varied (with the consent of the parties to this Agreement these Intercompany Loan Terms and Conditions) in the Intercompany Loan Confirmation to the extent necessary to reflect the terms of such that New Intercompany Loan Agreement) PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the Funding Secured Creditors and the Rating Agencies:

ENTRENCHED PROVISIONS. Each of Funding, the Master Issuer and the Security Trustee acknowledge and agree that Funding may from time to time enter into New Intercompany Loan Agreements and that subject to the obligation provisions of Funding to repay the Term Advances made under this Agreement will rank pari passu with the obligations Clause 2 of Funding to repay any such other loans made under such New these Intercompany Loan AgreementsTerms and Conditions. If Funding intends to enter into a New Intercompany Loan Agreement then the provisions of this Agreement these Intercompany Loan Terms and Conditions may be varied (with the consent of the parties to this Agreement these Intercompany Loan Terms and Conditions) in the Intercompany Loan Confirmation to the extent necessary to reflect the terms of such that New Intercompany Loan Agreement) PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the Funding Secured Creditors and the Rating Agencies: