Common use of SUBORDINATION AND SECURITY Clause in Contracts

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 2024-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242018-1 2 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242016-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242018-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242023-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242012-1 3 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242012-1 4 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242017-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242022-1 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.

SUBORDINATION AND SECURITY. 7.1 The parties hereby agree that the Advance (and any interest capitalised pursuant to Clause 3.4) shall be subordinated to, inter alia, payments of principal and interest on any previous Intercompany Loan made available by a previous issuing entity or the Master Issuer, and all other payments or provisions ranking in priority to payments to be made to the Issue 20242023-1 2 Start-up Loan Provider under this Agreement in accordance with the priority of payments or as provided in Clause 8 and Schedule 3 of the Funding Deed of Charge.