ANNINGTON FINANCE NO. 1 PLC

The aggregate of all moneys and liabilities whatsoever which from time to time become due owing or payable by the issuer (a) to or to the order of the bond trustee and/or any receiver under pursuant to or in connection with the deed of charge or the relevant documents and under the securities and the coupons (b) to the cash manager under the cash management agreement or the deed of charge (c) to the liquidity facility provider under the liquidity facility agreement and the deed of charge (other than any such monies or liabilities from time to time due owing or payable to in its capacity as securityholder or couponholder) (d) to the swap counterparty under the swap agreement or the deed of charge (other than such monies or liabilities from time to time due owing or payable to it in its capacity as securityholder or couponholder) (e) to the paying agents under or pursuant to the deed of charge or the agency agreement and (f) to ahl under the issuer subordinated loan agreement and the deed of charge (other than any such monies or liabilities from time to time due owing or payable to it in its capacity as securityholder or couponholder)