Common use of APPORTIONMENT OF LIABILITIES BETWEEN SERIES Clause in Contracts

APPORTIONMENT OF LIABILITIES BETWEEN SERIES. In the event that the Security Trustee takes any action to enforce the Security in respect of more than one Series of Loan Notes and is unable to apportion to a particular Series of Loan Notes any Liabilities incurred by it, the Security Trustee shall be entitled in its sole discretion (for the avoidance of doubt, without being required to obtain a VFN Series Direction and/or a Term Series Direction) to apportion such Liabilities to each of the Series of Loan Notes in respect of which such Liabilities were incurred in the proportion which the aggregate Principal Amount Outstanding of each such Series of Loan Notes bears to the aggregate Principal Amount Outstanding of all such Series of Loan Notes (as at the date such Liabilities were incurred) in respect of which such Liabilities were incurred.