Natwest Markets N.v.

All monies

All monies

All monies

All monies

All monies

All monies

All monies

UNDER THE MASTER SECURITY AGREEMENT THE COMPANY IRREVOCABLY AND UNCONDITIONALLY UNDERTAKES TO PAY TO THE SECURITY AGENT AMOUNTS EQUAL TO THE AND IN THE CURRENCY OF THE ORIGINATOR PRINCIPAL OBLIGATIONS

SUBJECT TO THE MASTER AGREEMENT THE DEED OF ASSIGNMENT AND PLEDGE SECURES THE OB LIGATION OF THE COMPANY TO (A) ASSIGN TO THE RECEIVABLES PURCHASER ELIGIBLE ACCO UNTS AND ELIGIBLE RECEIVABLES HAVING AN AGGREGATE VALUE EQUAL TO APPROXIMATELY 4 30M EURO ON THE CLOSING DATE AND THEREAF TER EQUAL TO THE AGGREGATE OF THE ISSUER INTEREST AND THE ORIGINATOR INTEREST IN THE PORTFOLIO FROM TIME TO TIME AND (B) PAY TO THE SECURITY AGENT AMOUNTS EQUAL TO AND IN THE CURRENCY OF THE ORIGINATO R PRINCIPAL OBLIGATIONS

THE "MARGIN OBLIGATIONS" WHICH MEANS ALL OF THE COMPANY'S OBLIGATIONS AND LIABIL ITIES TO THE CHARGEE UNDER THE OPERATING PROCEDURES (INCLUDING THE SUPPLEMENT)

All monies

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES DUE FROM THE COMPANY TO THE C HARGEE UNDER OR PURSUANT TO ANY RELEVANT DOCUMENT (INCLUDING THE ORIGINATOR PARA LLEL DEBT), WHETHER DUE AND PAYABLE OR N OT AND WHETHER CONTINGENT OR NOT, AS SUC H OBLIGATIONS MAY BE EXTENDED, PROLONGED , AMENDED, RENEWED OR NOVATED FROM TIME TO TIME

All monies