Common use of Distributions of Basis Risk Carryforward Clause in Contracts

Distributions of Basis Risk Carryforward. Because it is intended for each Payment Date that any distributions of Basis Risk Carryforward be made first from either the initial $1,000 deposit to the Basis Risk Carryforward Reserve Fund or from moneys deposited in the Basis Risk Carryforward Reserve Fund on prior Payment Dates and second from any moneys deposited in the Basis Risk Carryforward Reserve Fund on such Payment Date, on each Payment Date, any amounts in the Basis Risk Carryforward Reserve Fund shall be distributed by the Indenture Trustee as follows: (i) first, to the Principal Amount Notes, the lesser of (A) the amount available in the Basis Risk Carryforward Reserve Fund from any prior Payment Dates (and with respect to the first Payment Date the $1,000 on deposit therein), and (B) the aggregate Basis Risk Carryforward with respect to the Principal Amount Notes for that Payment Date after payment of any Cap Payment Entitlement under Section 8.08, and (ii) second, from amounts deposited on that Payment Date in the Basis Risk Carryforward Reserve Fund for that purpose under Section 8.03(a)(ix), to the Principal Amount Notes, up to the remaining amount of Basis Risk Carryforward.

Distributions of Basis Risk Carryforward. Because it is intended for each Payment Date that any distributions of Basis Risk Carryforward be made first from either the initial $1,000 deposit to the Basis Risk Carryforward Reserve Fund or from moneys deposited in the Basis Risk Carryforward Reserve Fund on prior Payment Dates and second from any moneys deposited in the Basis Risk Carryforward Reserve Fund on such Payment Date, on each Payment Date, any amounts in the Basis Risk Carryforward Reserve Fund shall be distributed by the Indenture Trustee as follows: (i) first, to the Principal Amount Notes, the lesser of (A) the amount available in the Basis Risk Carryforward Reserve Fund from any prior Payment Dates (and with respect to the first Payment Date the $1,000 on deposit therein), and (B) the aggregate Basis Risk Carryforward with respect to the Principal Amount Notes for that Payment Date after payment of any Cap Payment Entitlement under Section 8.08, and (ii) second, from amounts deposited on that Payment Date in the Basis Risk Carryforward Reserve Fund for that purpose under Section 8.03(a)(ix8.03(a)(viii), to the Principal Amount Notes, up to the remaining amount of Basis Risk Carryforward.