Common use of THIRDLY Clause in Contracts

THIRDLY. subject to each of the Changeover Date and the Senior Hedge Discharge Date (as defined in the Existing Security Deed) having occurred, to each High Yield Hedging Bank a sum equivalent to the proportion that the outstanding High Yield Hedging Exposure of such High Yield Hedging Bank bears to the outstanding High Yield Hedging Exposure of all the High Yield Hedging Banks.

THIRDLY. subject to each of the Changeover Date and the Senior Hedge Discharge Date (as defined in the Existing Security Deed) having occurred, to each High Yield Hedging Bank a sum equivalent to the proportion that the outstanding High Yield Hedging Exposure of such High Yield Hedging Bank bears to the outstanding High Yield Hedging Exposure of all the High Yield Hedging Banks.