Authorization of Certificates, Classes. A through [ ]. The ----------------------------------------------------- issuance by the Trust of the Certificates consisting of the Class [ ] Certificates[,] [and] Class [ ] Certificates [identify each Class] is hereby authorized, each such Class to be in an aggregate amount equal to the corresponding Class of Notes as set forth in the Note Purchase Agreement. Each such Class of Certificates other than the Class [ ] Certificates shall be denominated as "California Infrastructure and Economic Development Bank Special Purpose Trust SDG&E-1 Class [ ] Fixed Rate Rate Reduction Certificates" (the "Fixed Rate Certificates") and shall be substantially in the form as provided in Section 3.01 and Exhibit A to the Trust Agreement. The Class [ ] Certificates shall be denominated as "California Infrastructure and Economic Development Bank Special Purpose Trust SDG&E-1 Class [ ] Floating Rate Rate Reduction Certificates" (the "Floating Rate Certificates") and shall be substantially in the form of Exhibit A to this First Supplement. For each Class of Certificates authorized to be issued hereby, there is hereby created, pursuant to Section 4.01 of the Trust Agreement, an individual account denominated as "Class [ ] Certificate Account" (each, a "Certificate Account"). Deposits into and distributions from each Certificate Account shall be made as provided in Article IV of the Trust Agreement. Set forth below for each class of Certificates are the Scheduled Final Distribution Date and the Termination Date as well as the Interest Rate payable with respect to each such Class of Certificates:
Authorization of Certificates, Classes. A-1 through A-8. ------------------------------------------------------ The issuance by the Trust of the Certificates consisting of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-4 Certificates, the Class A-5 Certificates, the Class A-6 Certificates and the Class A-7 Certificates is hereby authorized, each such Class to be in an aggregate amount equal to the corresponding Class of Notes as set forth in the Note Purchase Agreement. Each such Class of Certificates shall be denominated as "California Infrastructure and Economic Development Bank Special Purpose Trust SCE-1, Series 1997-1, Class [ ] Rate Reduction Certificates" and shall be substantially in the form as provided in Section 3.01 and Exhibit A to the Trust Agreement. For each Class of Certificates authorized to be issued hereby, there is hereby created, pursuant to Section 4.01 of the Trust Agreement, an individual account denominated as "Class [ ] Certificate Account" (each, a "Certificate Account"). Deposits into and distributions from each Certificate Account shall be made as provided in Article IV of the Trust Agreement. Set forth below for each class of Certificates are the Scheduled Final Distribution Date and the Termination Date as well as the Interest Rate payable with respect to each such Class of Certificates: Initial Principal Scheduled Final Interest Class Amount Distribution Date Termination Date Rate -------- ------------ ------------------ ------------------ --------- A-1 $246,300,000 December 26, 1998 December 26, 2000 5.98% A-2 307,251,868 March 25, 2000 March 25, 2002 6.14 A-3 247,840,798 March 25, 2001 March 25, 2003 6.17 A-4 246,030,125 March 25, 2002 March 25, 2004 6.22 A-5 360,644,658 September 25, 2003 September 25, 2005 6.28 A-6 739,988,148 September 25, 2006 September 25, 2008 6.38 A-7 314,944,403 December 26, 2007 December 26, 2009 6.42
