Common use of AVAILABLE AMOUNTS Clause in Contracts

AVAILABLE AMOUNTS. For the purpose of Condition 5 of each Class of Offshore Notes, the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P, Aa3 by Moody's or AA- by Fitch Ratings or whose short ter▇ ▇▇▇▇▇ured and unguaranteed debt securities are rated A-1+ by S&P, P-1 by Moody's or F1+ by Fitch Ratings, to provide suffic▇▇▇▇ ▇▇sh on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification. -------------------------------------------------------------------------------- Page 19 + Note Trust Deed Allens Arthur Robins▇▇ --------------------------------------------------------------------------------

AVAILABLE AMOUNTS. For the purpose of Condition 5 of each Class of Offshore Notes, Conditions 5(i) and 5(j) the Note Trustee shall not be satisfied that the Trustee Issuer will be in a position to discharge the liabilities referred to in those Conditions unless, either: (a) the Trustee Issuer will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust DeedSupplementary Bond Terms Notice; or (b) the Trustee Issuer has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P, Aa3 by Moody's or AA- by Fitch Ratings S&P or whose short ter▇ ▇▇▇▇▇ured term unsecured and unguaranteed debt securities are rated A-1+ by S&P, provided that in both cases its short term unsecured and unguaranteed debt securities are ranked P-1 by Moody's or F1+ and F1 by Fitch Ratings, to provide suffic▇▇▇▇ ▇▇sh sufficient cash on or before the relevant Payment Date to enable the Trustee Issuer to discharge the relevant liabilities, and in each circumstance the Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b7.4(b) have been met and the Note Trustee shall be entitled to rely on such certification. -------------------------------------------------------------------------------- Page 19 + Note Trust Deed Allens Arthur Robins▇▇ --------------------------------------------------------------------------------.

AVAILABLE AMOUNTS. For the purpose of Condition 5 of each Class of Offshore Notes, the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P, Aa3 by Moody's ▇▇▇▇▇'▇ or AA- by Fitch Ratings or whose short ter▇ ▇▇▇▇▇ured term unsecured and unguaranteed debt securities are rated A-1+ by S&P, P-1 by Moody's ▇▇▇▇▇'▇ or F1+ by Fitch Ratings, to provide suffic▇▇▇▇ ▇▇sh sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification. -------------------------------------------------------------------------------- Page 19 + Note Trust Deed Allens Arthur Robins▇▇ --------------------------------------------------------------------------------.

AVAILABLE AMOUNTS. For the purpose of Condition 5 of each Class of Offshore Notes, Conditions 5(i) and 5(j) the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P, Aa3 by Moody's S&P or AA- by Fitch Ratings IBCA or whose short ter▇ ▇▇▇▇▇ured term unsecured and unguaranteed debt securities are rated A-1+ by S&P, P-1 by Moody's S&P or F1+ by Fitch RatingsIBCA, provided that in both cases its short term unsecured and unguaranteed debt securities are ranked P-1 by ▇▇▇▇▇'▇, to provide suffic▇▇▇▇ ▇▇sh sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification. -------------------------------------------------------------------------------- Page 19 + Note Trust Deed Allens Arthur Robins▇▇ --------------------------------------------------------------------------------.