Common use of Expected Amortization Schedule for Principal Clause in Contracts

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Bonds pursuant to Section 8.02(g) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 2001-1 Securitization Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Bonds pursuant to Section 8.02(g) 8.02 of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 2001-1 Securitization Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Holders of the Series 20012006-1 Securitization Bondholders A Transition Bonds of record as of the related Record Date amounts payable in respect of the Series 20012006-1 Securitization A Transition Bonds pursuant to Section 8.02(g) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20012006-1 Securitization A Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches of Senior Secured Transition Bonds, Series of Securitization Bonds A has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Bondholders Holders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Transition Bonds, Series 2001-1 Securitization Bonds A pursuant to Section 8.02(g8.02(d) of the Indenture as principalPrincipal, in accordance with the Expected Amortization Schedule. Notwithstanding To the foregoingextent that more than one Tranche of the Senior Secured Transition Bonds, if one or more Classes did not Series A is to receive principal on any prior Payment Date payments of Principal in accordance with the Expected Amortization ScheduleSchedule on any Payment Date, such shortfalls of principal shall amounts will be paid prior to allocated Pro Rata between such Tranches based on the payment of principal Principal scheduled to be paid on the current Payment Date and shall be paid to such Tranches in the order in which such amounts were scheduled to be paid previously pursuant to accordance with the Expected Amortization ScheduleSchedule on such Payment Date; provided, however, that in no event shall a principal payment pursuant to this Section 6(b) if one or more Tranches did not receive Principal on any Class on a the prior Payment Date be greater than and as a result the amount that reduces the aggregate Outstanding Amount of such Class of Series 2001-1 Securitization Bonds Tranche or Tranches was not reduced to the amount specified balance indicated in the Expected Amortization Schedule for on such Class and Payment Date., then such Tranches will be:

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 20011999-1 Securitization Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 20011999-1 Securitization Transition Bonds pursuant to Section 8.02(g8.02(e) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date and as a result the aggregate Outstanding Amount of such Class or Classes was not reduced to the balance indicated in accordance with the Expected Amortization ScheduleSchedule on such Payment Date, then such Classes will be allocated funds from the Series 1999-1 Subaccount to make up such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant prior to any Classes receiving funds in respect of principal scheduled to be paid on the Expected Amortization Schedulecurrent Payment Date; provided, however, that in no event shall a principal payment pursuant to this Section 6(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20011999-1 Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Holders of the Series 20012002-1 Securitization Bondholders A Transition Bonds of record as of the related Record Date amounts payable in respect of the Series 20012002-1 Securitization A Transition Bonds pursuant to Section 8.02(g) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20012002-1 Securitization A Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Transition Bonds pursuant to Section 8.02(g) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 2001-1 Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless Unless an Event of Default has occurred incurred and is continuing and the unpaid principal Principal amount of all Series of Securitization Transition Bonds has been declared to be due and payable together with accrued and unpaid interest Interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Transition Bonds pursuant to Section 8.02(g8.02(e) of the Indenture as principalPrincipal, in accordance with the Expected Amortization Schedule. Notwithstanding To the foregoingextent that more than one Class of the Series 2001-1 Transition Bonds is to receive payments of Principal in accordance with the Expected Amortization Schedule on any Payment Date, such amounts will be allocated pro rata between such Classes based on the Principal scheduled to be paid to such Classes in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Classes did not receive principal Principal on any the prior Payment Date in accordance with and as a result the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b) on any Class on a Payment Date be greater than the amount that reduces the aggregate Outstanding Amount of such Class of Series 2001-1 Securitization Bonds or Classes was not reduced to the amount specified balance indicated in the Expected Amortization Schedule for on such Class and Payment Date., then such Classes will be