Common use of Crossover Date Clause in Contracts

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2016 Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2016 2009-A Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2016 2020 Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2016 2014-A Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues: