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 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 Note Trustee shall pay to the Noteholders of record as of the related Record Date amounts payable pursuant to Section 8.02(d) 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; and (3) to the holders of the Class A-[others] 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 2.01(c)(iii) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Notes to the amount specified in the Expected Amortization Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class of Notes pro rata.

Appears in 2 contracts

Samples: Note Indenture (BEC Funding II, LLC), Note Indenture (BEC Funding II, LLC)

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Expected Amortization Schedule for Principal. Unless an Event of -------------------------------------------- Default shall have occurred and be continuing and the unpaid principal amount of all Notes Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Note Trustee shall pay to the Noteholders Bondholders of record as of the related Record Date amounts payable pursuant to Section 8.02(d) as principal, in the following order and priority: (1) to the holders of the Class A-1 NotesBonds, 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; and (3) to the holders of the Class A-[others] Notes until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Notes Bonds to the amount specified in the Expected Amortization ScheduleSchedule for such Payment Date. Partial payments of any scheduled amortization payment shall be allocated within any Class of Notes Bonds pro rata.

Appears in 1 contract

Samples: Administration Agreement (PSNH Funding LLC 2)

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 Note Indenture Trustee shall pay distribute to the Noteholders Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d8.02(e)(viii) and (ix) of the Indenture as principal, in the following order and priority: (1) to the holders of the Class A-1 NotesBonds, 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 NotesBonds, 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 Bonds, until the Outstanding Amount of such Class of Bonds thereof has been reduced to zero; and (34) to the holders of the Class A-[others] Notes A-4 Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii3(c) on any Class on a Payment Date be greater than the amount that reduces necessary to reduce the Outstanding Amount of such Class of Notes Bonds to the amount specified in the Expected Amortization Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Schedule which is attached as Schedule A hereto for such Class of Notes pro rataand Payment Date.

Appears in 1 contract

Samples: Series 2003 (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 unpaid principal amount of all Notes and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Note Indenture Trustee shall pay distribute to the Noteholders Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d8.02(e)(viii) and (ix) of the Indenture as principal, in the following order and priority: (1) to the holders of the Class A-1 NotesBonds, 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 NotesBonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; and (3) to the holders of the Class A-[others] Notes A-3 Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii3(c) on any Class on a Payment Date be greater than the amount that reduces necessary to reduce the Outstanding Amount of such Class of Notes Bonds to the amount specified in the Expected Amortization Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Schedule which is attached as Schedule A hereto for such Class of Notes pro rataand Payment Date.

Appears in 1 contract

Samples: Series 2004 (Txu Electric Delivery Transition Bond Co 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 Note Trustee shall pay to the Noteholders of record as of the related Record Date amounts payable pursuant to Section 8.02(d) 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; and (3) to the holders of the Class A-[others] 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; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Notes to the amount specified in the Expected Amortization Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Class of Notes pro rata.payments

Appears in 1 contract

Samples: Note Indenture (B E C Energy)

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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 payablecontinuing, on each Payment Date, the Note Trustee shall pay distribute to the Noteholders Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d8.02(d)(viii) of this Indenture as principal, in the following order and priority: (1) to the holders of the Class A-1 NotesBonds, 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 NotesBonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; and (3) to the holders of the Class A-[others] Notes A-3 Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii2.02(e) on any Class on a Payment Date be greater than the amount that reduces necessary to reduce the Outstanding Amount of such Class of Notes Bonds to the amount specified in the Expected Amortization Schedule. Partial payments Schedule which is attached as Schedule A hereto for such Class and Payment Date, except in the case of any scheduled amortization payment shall be allocated within any Class an acceleration of Notes pro ratathe Bonds following an Event of Default.

Appears in 1 contract

Samples: Indenture (PG&E Energy Recovery 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 payablecontinuing, on each Payment Date, the Note Trustee shall pay distribute to the Noteholders Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d8.02(d)(viii) of this Indenture as principal, in the following order and priority: (1) to the holders of the Class A-1 NotesBonds, 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 NotesBonds, 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 Bonds, until the Outstanding Amount of such Class of Bonds thereof has been reduced to zero; and (34) to the holders of the Class A-[others] Notes A-4 Bonds, until the Outstanding Amount of such Class of Notes Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 2.01(c)(iii2.02(f) on any Class on a Payment Date be greater than the amount that reduces necessary to reduce the Outstanding Amount of such Class of Notes Bonds to the amount specified in the Expected Amortization Schedule. Partial payments Schedule which is attached as Schedule A hereto for such Class and Payment Date, except in the case of any scheduled amortization payment shall be allocated within any Class an acceleration of Notes pro ratathe Bonds following an Event of Default.

Appears in 1 contract

Samples: Indenture (PG&E Energy Recovery Funding LLC)

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