Application of Moneys Received by the Trustee. 5.1 Declaration of Trust (a) first, in payment of all amounts owing, incurred, payable or reimbursable to the Trustee and/or any Appointee under Clause 8; (b) secondly, in or towards payment of any principal and interest owing in respect of the Notes of such Series pari passu and rateably; and (c) thirdly, in payment of the balance (if any) to the Issuer. Without prejudice to the other provisions of this Clause 5.1, if the Trustee holds any moneys which represent principal or interest in respect of Notes or Coupons which have become void under Condition 7, the Trustee shall (subject to no sums being then overdue to the Trustee in respect of any Note or Coupon and subject to the payment or satisfaction of the costs, charges, expenses, liabilities, payments and remuneration referred to in paragraph (a) of this Clause 5.1) pay the same to the Issuer.
Appears in 3 contracts
Sources: Third Supplemental Trust Deed, Second Supplemental Trust Deed, Fifth Supplemental Trust Deed