Common use of SECURITY AND RELATED AGREEMENTS Clause in Contracts

SECURITY AND RELATED AGREEMENTS. 3.1.1 In connection with the issue of the Notes or in respect of any Series, the Issuer may enter into swap transactions or other hedging agreements or any letters of credit, guarantees or other credit support or credit enhancement documents or other financial arrangements (each a "RELATED AGREEMENT") with one or more counterparties (each a "COUNTERPARTY"). The obligations of a Counterparty may be guaranteed by a guarantor (the "GUARANTOR"). 3.1.2 The obligations of the Issuer to the persons having the benefit of the Security relating to a Series pursuant to the Supplemental Trust Deed in respect thereof (the "SECURED CREDITORS") are secured pursuant to the Supplemental Trust Deed in respect of such Series by Encumbrances governed by English law and such further encumbrances as may be required by the Trustee, governed by the law of any other relevant jurisdiction over the Charged Assets and/or the Underlying Assets as specified in the Applicable Supplement. 3.1.3 The Secured Creditors of all Series are also secured pursuant to the Principal Trust Deed by an assignment of certain contractual rights of the Issuer and a floating charge over the assets of the Issuer not otherwise charged or assigned by the Security Documents or effectively encumbranced by the assignments granted in the Principal Trust Deed. 3.1.4 The security created by each Supplemental Trust Deed will be supported by such further security documents as may, from time to time, be required by the Trustee and as specified in the Applicable Supplement (each a "SUPPLEMENTARY SECURITY DOCUMENT" and together with the relevant Supplemental Trust Deed, the "SECURITY DOCUMENTS") (the "SECURITY").

SECURITY AND RELATED AGREEMENTS. 3.1.1 In connection with the issue of the Notes or in respect of any Series, the Issuer may enter into swap transactions or other hedging agreements or any letters of credit, guarantees or other credit support or credit enhancement documents or other financial arrangements (each a "RELATED AGREEMENTRelated Agreement") with one or more counterparties (each a "COUNTERPARTYCounterparty"). The obligations of a Counterparty may be guaranteed by a guarantor (the "GUARANTORGuarantor"). 3.1.2 The obligations of the Issuer to the persons having the benefit of the Security relating to a Series pursuant to the Supplemental Trust Deed in respect thereof (the "SECURED CREDITORSSecured Creditors") are secured pursuant to the Supplemental Trust Deed in respect of such Series by Encumbrances governed by English law and such further encumbrances as may be required by the Trustee, governed by the law of any other relevant jurisdiction over the Charged Assets and/or the Underlying Assets as specified in the Applicable Supplement. 3.1.3 The Secured Creditors of all Series are also secured pursuant to the Principal Trust Deed by an assignment of certain contractual rights of the Issuer and a floating charge over the assets of the Issuer not otherwise charged or assigned by the Security Documents or effectively encumbranced by the assignments granted in the Principal Trust Deed. 3.1.4 The security created by each Supplemental Trust Deed will be supported by such further security documents as may, from time to time, be required by the Trustee and as specified in the Applicable Supplement (each a "SUPPLEMENTARY SECURITY DOCUMENTSupplementary Security Document" and together with the relevant Supplemental Trust Deed, the "SECURITY DOCUMENTSSecurity Documents") (the "SECURITYSecurity").