Investor Indemnity Payment Amount. The Loan Note Issuer No.1 hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a contractual obligation owed by the Investor Beneficiary (Term) to the Receivables Trustee and to no other person and not as part of the terms of the Delamare Cards Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Funds in accordance with Clause 2.3 (Categories of Additional Beneficiaries, Designation and Additional Funds) of this Supplement, an amount equal to the Aggregate Investor Indemnity Amount (such payment being identified as the Investor Indemnity Payment Amount). The amount of any such payment to be made by the Loan Note Issuer No.1 to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed. To the extent necessary the Receivables Trustee (or the Bank Account Operator on its behalf) as instructed by the Servicer is hereby authorised to make such payments described in Clauses 11.1,
Investor Indemnity Payment Amount. (i) The Loan Note Issuer hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a contractual obligation owed by the Loan Note Issuer as Series 2007-1 Investor Beneficiary to no other person and not as part of the terms of the Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Consideration in accordance with Clause 3(c), an amount equal to the Investor Indemnity Amount (such payment being an ‘‘Investor Indemnity Payment Amount’’). The amount of any such payment to be made by the Series 2007-1 Investor Beneficiary to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in Part 4, Clause 5.14(a) of the Schedule.
Investor Indemnity Payment Amount. (a) On or before each Distribution Date, the Receivables Trustee, acting on the advice of the Servicer, shall calculate the Aggregate Investor Indemnity Amount allocable to Series 2007-1. Such amount shall be payable solely to the extent amounts are available from Available Funds for distribution in respect thereof pursuant to Clause 5.10(p). The said amount shall be distributed to the Series 2007-1 Loan Note Issuer Account for payment to the Receivables Trustee as Additional Consideration in accordance with Clauses 3(c) and 6(d)(ii) of the Supplement (such amount being an ‘‘Investor Indemnity Payment Amount’’) Provided, however, that if there are insufficient amounts available to pay such amount in full the excess will be carried forward and payable on the next and subsequent Distribution Dates solely to the extent amounts are available from Available Funds for distribution in respect thereof pursuant to Clause 5.10(p).
