Common use of ENTRENCHED PROVISIONS Clause in Contracts

ENTRENCHED PROVISIONS. Each of Funding 1, the 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 obligations of Funding 1 to repay 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 Issuer: (a) the Funding 1 Interest Payment Dates; (b) the determination of the Loan Tranche Rates of Interest; (c) Clause 5 (Limited Recourse); (d) Clause 8 (Repayment); and (e) Clause 10 (Taxes).

ENTRENCHED PROVISIONS. Each of Funding 12, the Issuer, the Master Issuer Security Trustee and the Funding 1 2 Security Trustee acknowledge and agree that Funding 1 2 may from time to time enter into New new Funding 2 Intercompany Loan Agreements and that the obligations obligation of Funding 1 2 to repay the Loan Tranches made under this Agreement will rank pari passu with the obligations of Funding 1 2 to repay any such other loans made under such New Funding 2 Intercompany Loan Agreements. If Funding 1 2 intends to enter into a New new Funding 2 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 that Funding 2 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 IssuerFunding 2 Secured Creditors and the Rating Agencies: (a) the Funding 1 Interest Loan Payment Dates; (b) the determination of the Loan Tranche Rates of Interest; (c) Clause 5 (Limited Recourse); (d) Clause 8 (Repayment); and (ec) Clause 10 (Taxes); and (d) Clause 19.5 (Funding 2 Security Trustee).

ENTRENCHED PROVISIONS. Each of Funding 12, the Issuer, the Master Issuer Security Trustee and the Funding 1 2 Security Trustee acknowledge and agree that Funding 1 2 may from time to time enter into New Intercompany Funding 2 Loan Agreements and that the obligations obligation of Funding 1 2 to repay the Loan Tranches made under this Agreement will rank pari passu with the obligations of Funding 1 2 to repay any such other loans made under such New Intercompany Funding 2 Loan Agreements. If Funding 1 2 intends to enter into a New Intercompany Funding 2 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 Funding 2 Loan Agreement) in accordance with clause 12 Clause 18 of the Funding 1 2 Deed of Charge PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the IssuerFunding 2 Secured Creditors and the Rating Agencies: (a) the Funding 1 Interest Payment Dates; (b) the determination of the Loan Tranche Rates of Interest; (cb) Clause CLAUSE 5 (Limited Recourse); (dc) Clause 8 CLAUSE 10 (RepaymentTaxes); and (ed) Clause 10 CLAUSE 19.5 (TaxesFunding 2 Security Trustee).

ENTRENCHED PROVISIONS. Each of Funding 12, the Issuer, the Master Issuer Security Trustee and the Funding 1 2 Security Trustee acknowledge and agree that Funding 1 2 may from time to time enter into New Intercompany Funding 2 Loan Agreements and that the obligations obligation of Funding 1 2 to repay the Loan Tranches made under this Agreement will rank pari passu with the obligations of Funding 1 2 to repay any such other loans made under such New Intercompany Funding 2 Loan Agreements. If Funding 1 2 intends to enter into a New Intercompany Funding 2 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 Funding 2 Loan Agreement) in accordance with clause 12 Clause of the Funding 1 2 Deed of Charge PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the IssuerFunding 2 Secured Creditors and the Rating Agencies: (a) the Funding 1 Interest Payment Dates; (b) the determination of the Loan Tranche Rates of Interest; (cb) Clause 5 (Limited Recourse); (d) Clause 8 (Repayment); and (ec) Clause 10 (Taxes); and (d) Clause 19.5 (Funding 2 Security Trustee).

ENTRENCHED PROVISIONS. Each of Funding 12, the Issuer, the Master Issuer Security Trustee and the Funding 1 2 Security Trustee acknowledge and agree that Funding 1 2 may from time to time enter into New Intercompany Funding 2 Loan Agreements and that the obligations obligation of Funding 1 2 to repay the Loan Tranches made under this Agreement will rank pari passu with the obligations of Funding 1 2 to repay any such other loans made under such New Intercompany Funding 2 Loan Agreements. If Funding 1 2 intends to enter into a New Intercompany Funding 2 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 Funding 2 Loan Agreement) in accordance with clause 12 Clause 18 of the Funding 1 2 Deed of Charge PROVIDED THAT no variation shall be made to any of the following terms without the prior written consent of the IssuerFunding 2 Secured Creditors and the Rating Agencies: (a) the Funding 1 Interest Payment Dates; (b) the determination of the Loan Tranche Rates of Interest; (cb) Clause 5 (Limited Recourse); (d) Clause 8 (Repayment); and (ec) Clause 10 (Taxes); and (d) Clause 19.5 (Funding 2 Security Trustee).