NEWGATE FUNDING PLC - Irish Stock Exchange
NEWGATE FUNDING PLC - Irish Stock Exchange
NEWGATE FUNDING PLC - Irish Stock Exchange
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Level: 8 – From: 8 – Wednesday, December 19, 2007 – 9:31 pm – mac8 – 3894 Section 03 : 3894 Section 03<br />
(b)<br />
second, in or towards satisfaction pro rata and pari passu according to the respective amounts thereof<br />
of:<br />
(i)<br />
(ii)<br />
(iii)<br />
(iv)<br />
(v)<br />
the Series Referable Amount in respect of amounts then accrued but remaining unpaid to third<br />
parties (including audit fees and value added tax, if any) and incurred without breach by the<br />
Issuer of the Transaction Documents, to be credited to the Programme Account or paid directly<br />
to the relevant third party, as the case may be;<br />
the Series Pro Rata Amount in respect of amounts then accrued but remaining unpaid to third<br />
parties (including audit fees and value added tax, if any) and incurred without breach by the<br />
Issuer of the Transaction Documents to be credited to the Programme Account;<br />
the Series Referable Amount in respect of amounts payable in respect of insurance contracts<br />
relating to the Series Portfolio maintained by or on behalf of the Issuer;<br />
the Series Pro Rata Amount in respect of amounts payable in respect of insurance contracts<br />
relating to the Series Portfolio maintained by or on behalf of the Issuer to be credited to the<br />
Programme Account; and<br />
the Series Referable Amount to provide on an accruing basis for the Parent’s liability or<br />
possible liability for tax on the basis of the full rate of corporation tax to be credited to the<br />
Programme Account;<br />
(c)<br />
third, in or towards satisfaction pro rata and pari passu according to the respective amounts thereof<br />
of:<br />
(i)<br />
(ii)<br />
(iii)<br />
(iv)<br />
(v)<br />
the Series Pro Rata Amount in respect of amounts due and payable to the Corporate Services<br />
Provider under the Programme Corporate Services Agreement to be credited to the Programme<br />
Account;<br />
the Series Pro Rata Amount in respect of amounts due and payable to the Programme Account<br />
Bank under the Programme Bank Account Agreement to be credited to the Programme<br />
Account;<br />
amounts due and payable to the Series Account Bank under the Series Bank Account<br />
Agreement and the Series Guaranteed Investment Contract, to be paid to the Series Account<br />
Bank;<br />
the Series Pro Rata Amount in respect of amounts due and payable to the Programme Cash<br />
Manager under the Programme Cash Management Agreement to be credited to the Programme<br />
Account;<br />
the Series Pro Rata Amount in respect of amounts due and payable to the Programme Financial<br />
Servicer under the Programme Cash Management Agreement to be credited to the Programme<br />
Account;<br />
(vi) amounts due and payable, including any fee payable inclusive of Value Added Tax up to 17.5%,<br />
to the Series Cash Manager under the Series Cash Management Agreement, to be paid to the<br />
Series Cash Manager;<br />
(vii)<br />
on a pro rata and pari passu basis, amounts due and payable to the Series Agents under the<br />
Series Agency Agreement, to be paid to the Series Agents; and<br />
(viii) on a pro rata and pari passu basis, amounts due and payable, including any fee payable<br />
inclusive of Value Added Tax up to 17.5%, to the Series Mortgage Administrator, the Series<br />
34