FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
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(iii)<br />
(iv)<br />
(v)<br />
(B)<br />
(C)<br />
(2) any amounts payable by the Issuer in respect of any Fees and Expenses of the<br />
Paying Agents incurred under the provisions of the Paying Agency Agreement;<br />
(3) any amounts payable by the Issuer in respect of any Fees and Expenses of the<br />
Issuer Account Bank and the Cash Manager, respectively, under the Issuer Account<br />
Bank and Cash Management Agreement; and<br />
(4) any amounts payable by the Issuer in respect of any Fees and Expenses of the <strong>FCC</strong><br />
Servicers in accordance with the Receivables Transfer and Servicing Agreement;<br />
any amounts payable by the Issuer to the Rating Agencies in respect of any Fees and<br />
Expenses and the Irish Stock Exchange in respect of any fees that, in each case, they may<br />
reasonably incur on an ongoing basis in connection with the rating or listing of the Notes,<br />
as the case may be; and<br />
any amounts payable to the Liquidity Facility Provider under the Liquidity Facility<br />
Agreement (including, for the avoidance of doubt, following any Liquidity Facility<br />
Standby Drawing) other than the Liquidity Subordinated Amounts;<br />
third, in or towards satisfaction of any amounts payable to the Hedging Providers under the<br />
Hedging Agreements including Hedging Termination Payments in respect of the Hedging<br />
Agreement but excluding any Hedging Subordinated Amounts;<br />
fourth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any interest payable (including any deferred interest payable, such interest<br />
having been deferred upon allocation of a Principal Loss) in respect of the Class A Notes;<br />
fifth, in or towards satisfaction, pro rata and pari passu according to the respective amounts due<br />
in respect of any interest payable (including any deferred interest payable) in respect of the<br />
Class B Notes;<br />
(vi) sixth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any interest payable (including any deferred interest payable) in respect of<br />
the Class C Notes;<br />
(vii) seventh, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any interest payable (including any deferred interest payable) in respect of<br />
the Class D Notes;<br />
(viii) eighth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any interest payable (including any deferred interest payable) in respect of<br />
the Class E Notes;<br />
(ix)<br />
(x)<br />
ninth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any principal payable in respect of the Class A Notes;<br />
tenth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any principal payable in respect of the Class B Notes;<br />
(xi) eleventh, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any principal payable in respect of the Class C Notes;<br />
(xii) twelfth, in or towards satisfaction, pro rata and pari passu according to the respective amounts<br />
due in respect of any principal payable in respect of the Class D Notes;<br />
(xiii) thirteenth, in or towards satisfaction, pro rata and pari passu according to the respective<br />
amounts due in respect of any principal payable in respect of the Class E Notes;<br />
(xiv) fourteenth, in or towards satisfaction of any amounts payable to the Liquidity Facility Provider<br />
under the Liquidity Facility Agreement in respect of Liquidity Subordinated Amounts;<br />
(xv) fifteenth, in or towards satisfaction of any amounts payable in respect of amounts due to the<br />
Hedging Providers under the Hedging Agreements in respect of Hedging Subordinated<br />
Amounts;<br />
(xvi) sixteenth, in or towards satisfaction of any amounts due to the Borrowers under the<br />
Commercial Mortgage Loan Agreements; and<br />
(xvii)seventeenth, on the Issuer Liquidation Date only, in or towards repayment of the Units, and in<br />
or towards payment of the liquidation surplus (if any), in each case to the Unitholders.<br />
223