Common use of Credits Against Payments Clause in Contracts

Credits Against Payments. A credit against and reduction of the Payments shall be derived only from the following sources: (a) Any capitalization of interest from the proceeds of the Bonds; (b) Surplus moneys (including investment earnings) contained in the funds and accounts held by the Trustee under the Indenture; (c) Advance payments or prepayments of Payments; and (d) Reductions in principal and interest requirements of Bonds due to the purchase or redemption of Bonds as provided in the Indenture.