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(d)(vii) of the Indenture as principal, in the following order and priority: [ (1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVER, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 4 contracts
Samples: Indenture (Comed Funding LLC), Indenture (Comed Funding LLC), Indenture (Illinois Power Securitization Limited Liability Co)
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(d)(vii) 8.02(d)[(IX)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes - Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes - Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below Bonds to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 2 contracts
Samples: Indenture (Oncor Electric Delivery Transition Bond Co LLC), Indenture (Oncor Electric Delivery Transition Bond Co LLC)
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(d)(vii) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 A-S Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVER, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 2 contracts
Samples: Indenture (Illinois Power Securitization Limited Liability Co), Indenture (Illinois Power Securitization Limited Liability Co)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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(d)(vii8.02(d) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class and Payment Dateof Notes pro rata.
Appears in 2 contracts
Samples: Note Indenture (Cl&p Funding LLC), Note Indenture (Cl&p Funding LLC)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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(d)(vii8.02(d) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; zero and (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class and Payment Dateof Notes pro rata.
Appears in 1 contract
Samples: Note Indenture (CEC Funding, LLC)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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(d)(vii8.02(d) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class and Payment Dateof Notes pro rata.
Appears in 1 contract
Samples: Note Indenture (CEC Funding, LLC)
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(d)(vii) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVER, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
Samples: Indenture (Comed Funding LLC)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing continuing, on each Payment Date, Date the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d)(vii) 8.02(d)[(ix)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
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(d)(vii) 8.02(d)[(IX)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
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(d)(vii) 8.02(e)[(IX)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes - Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes - Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes- Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below Bonds to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
Samples: Indenture (Oncor Electric Delivery Transition Bond Co LLC)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing and the Series [ ] Notes have been declared due and payable 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(d)(vii) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 [ ] Notes, until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 [ ] Notes, until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 [ ] Notes, until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 [ ] Notes, until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 [ ] Notes until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 [ ] Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of Principal Balance for such Class of Notes thereof has been reduced to zero; and (8) 7) to the holders of the Class A-8 Notes, [ ] Notes until the Outstanding Amount of Class Principal Balance for such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVER, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of Scheduled Payment for such Class of Notes below the amount specified in the and Payment Date. The Expected Amortization Schedule which for the scheduled outstanding Class Principal Balance for each Class [ ] Notes and Payment Date is attached as Schedule A hereto for such Class and Payment Date.A.
Appears in 1 contract
Samples: Indenture (Illinois Power Securitization Limited Liability Co)
Expected Amortization Schedule for Principal. Unless an Event of -------------------------------------------- Default shall have occurred and be continuing continuing, on each Payment Date, the Indenture Note Trustee shall distribute to the Holders Noteholders of record as of the related Record Date amounts payable pursuant to Section 8.02(d)(vii) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment -------- ------- pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
Samples: Series Supplement (Sce Funding LLC)
Expected Amortization Schedule for Principal. Unless an -------------------------------------------- Event of Default shall have occurred and be continuing and the unpaid principal amount of all Series of Notes and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Note Trustee shall distribute to the Holders Noteholders of record as of the related Record Date amounts payable pursuant to Section 8.02(d)(vii) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment pursuant to -------- ------- this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
Samples: Series Supplement (Sdg&e Funding LLC a De Limited Liability Co)
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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(d)(vii8.02(d) of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notesprovided, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Class on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.Schedule. Partial payments
Appears in 1 contract
Samples: Note Indenture (B E C Energy)
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(d)(vii) 8.02(d)[(ix)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract
Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing continuing, on each Payment Date, Date the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d)(vii) 8.02(e)[(IX)] of the Indenture as principal, in the following order and priority: [
(1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDEDprovided, HOWEVERhowever, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.
Appears in 1 contract