Common use of Expected Amortization Schedule for Principal Clause in Contracts

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {[ (1) to the holders of the Tranche { } Securitization [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (4)] provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuingcontinuing and the unpaid principal amount of all Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Bond Trustee shall distribute pay to the Holders Bondholders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization A-1 Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Bonds, A-3 Bonds until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Tranche and Payment Date}of Bonds pro rata.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {[ (1) to the holders of the Tranche { } Securitization A-1 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Transition Bonds, until the Outstanding Amount of such Tranche of Transition Bonds thereof has been reduced to zero; (4) to the holders of the Tranche A-4 Transition Bonds, until the Outstanding Amount of such Tranche of Transition Bonds thereof has been reduced to zero; and (35) to the holders of the Tranche { } Securitization A-5 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; ;] provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders Holders of the Tranche { {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders Holders of the Tranche { {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders Holders of the Tranche { {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {[ (1) to the holders of the Tranche { } Securitization [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Securitization System Restoration Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Securitization System Restoration Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Securitization System Restoration Bonds thereof has been reduced to zero; (4)] provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization System Restoration Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization A-1 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization A-3 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {[(1) to the holders of the Tranche { } Securitization A-1 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Transition Bonds, until the Outstanding Amount of such Tranche of Transition Bonds thereof has been reduced to zero; (4) to the holders of the Tranche A-4 Transition Bonds, until the Outstanding Amount of such Tranche of Transition Bonds thereof has been reduced to zero; and (35) to the holders of the Tranche { } Securitization A-5 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; ;] provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } A-1 Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } A-2 Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } A-3 Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuingcontinuing and the unpaid principal amount of all Notes and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Note Trustee shall distribute pay to the Holders Noteholders of record as of the related Record Date amounts payable pursuant to Section 8.02(e8.02(d) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization BondsClass A-1 Notes, until the Outstanding Amount of such Tranche Class of Securitization Bonds Notes thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization BondsClass A-2 Notes, until the Outstanding Amount of such Tranche Class of Securitization Bonds Notes thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Bonds, Class A-[others] Notes until the Outstanding Amount of such Tranche Class of Securitization Bonds Notes thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche Class of Securitization Bonds Notes to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class of Notes pro rata.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization A-1 Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization A-3 Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Rate Reduction Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuingcontinuing and the unpaid principal amount of all Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Bond Trustee shall distribute pay to the Holders Bondholders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization A-1 Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Bonds, A-[ ] Bonds until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Tranche and Payment Date}of Bonds pro rata.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuingcontinuing and the unpaid principal amount of all Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Trustee shall distribute pay to the Holders Bondholders of record as of the related Record Date amounts payable pursuant to Section 8.02(e8.02(d) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization Class A-1 Bonds, until the Outstanding Amount of such Tranche Class of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization Class A-2 Bonds, until the Outstanding Amount of such Tranche Class of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Class A-3 Bonds, until the Outstanding Amount of such Tranche Class of Securitization Bonds thereof has been reduced to zero; providedPROVIDED, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche Class of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}. Partial payments of any scheduled amortization payment shall be allocated within any Class of Bonds pro rata.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization A-1 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization A-2 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization A-3 Transition Bonds, until the Outstanding Amount of such Tranche of Securitization Transition Bonds thereof has been reduced to zero; (4) provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule that which is attached as Schedule A hereto for such Tranche and Payment Date}.. Assuming there are sufficient amounts in the Collection Account to make payments of principal in accordance with the Expected Amortization Table, the amounts to be paid with respect to principal for each Tranche on each Payment Date are set forth on Schedule B.