Common use of Expected Amortization Schedule for Principal Clause in Contracts

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches of Senior Secured Transition Bonds, Series 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 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 A pursuant to Section 8.02(d) of the Indenture as Principal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche of the Senior Secured Transition Bonds, Series A 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 Tranches based on the Principal scheduled to be paid to such Tranches in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches did not receive Principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche or Tranches was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches will be: (a) allocated funds from the applicable subaccount to make up such shortfalls prior to any Tranches receiving funds in respect of Principal scheduled to be paid on the current Payment Date, and (b) allocated funds from the applicable subaccount in respect of prior shortfalls on a Pro Rata basis based on the amount each such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration in no event shall a Principal payment pursuant to this Section 5.02 on any Tranche on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche of Senior Secured Transition Bonds, Series A to the amount specified in the Expected Amortization Schedule for such Tranche and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches Series of Senior Secured Transition Bonds, Series A 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 Series 2001-1 Transition Bondholders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Series 2001-1 Transition Bonds, Series A Bonds pursuant to Section 8.02(d8.02(e) of the Indenture as Principal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche Class of the Senior Secured Series 2001-1 Transition Bonds, Series A 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 Tranches Classes based on the Principal scheduled to be paid to such Tranches Classes in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or -------- ------- more Tranches Classes did not receive Principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche Class or Tranches Classes was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: (a) allocated funds from the applicable subaccount Series Subaccount to make up such shortfalls prior to any Tranches Classes receiving funds in respect of Principal scheduled to be paid on the current Payment Date, Date and (b) allocated funds from the applicable subaccount Series Subaccount in respect of prior shortfalls on a Pro Rata basis based on the amount each such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an a redemption or acceleration -------- ------- in no event shall a Principal payment pursuant to this Section 5.02 on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 2001-1 Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule for such Tranche Class and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches Series of Senior Secured Transition Bonds, Series A 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 Series 1999-1 Transition Bondholders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Series 1999-1 Transition Bonds, Series A Bonds pursuant to Section 8.02(d8.02(e) of the Indenture as Principalprincipal, in accordance with the Expected Amortization Schedule. To Notwithstanding the extent that more than one Tranche of the Senior Secured Transition Bondsforegoing, Series A 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 Tranches based on the Principal scheduled to be paid to such Tranches in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches Classes did not receive Principal principal on the any prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche Class or Tranches Classes was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: (a) be allocated funds from the applicable subaccount Series 1999-1 Subaccount to make up such shortfalls in the order in which such amounts were scheduled to be paid prior to any Tranches Classes receiving funds in respect of Principal principal scheduled to be paid on the current Payment Date, and (b) allocated funds from the applicable subaccount in respect of prior shortfalls on a Pro Rata basis based on the amount each such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration in no event shall a Principal principal payment pursuant to this Section 5.02 5(b) on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 1999-1 Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule for such Tranche Class and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has shall have occurred and is be continuing and the unpaid principal amount of all Tranches Series of Senior Secured Transition Bonds, Series A Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date Date, the Bond Trustee shall distribute to the Holders Series 1999-A Transition Bondholders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Series 1999-A Transition Bonds, Series A Bonds pursuant to Section 8.02(d8.02(e) of the Indenture as Principalprincipal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche Class of the Senior Secured Series 1999-A Transition Bonds, Series A Bonds is to receive payments of Principal principal in accordance with the Expected Amortization Schedule on any Payment Date, such amounts will be allocated Pro Rata pro rata between such Tranches Classes based on the Principal principal scheduled to be paid to such Tranches Classes in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches Classes did not receive Principal principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche or Tranches their Class Principal Balance was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: be (ai) allocated funds from the applicable subaccount Series 1999-A Subaccount to make up such shortfalls prior to any Tranches Classes receiving funds in respect of Principal principal scheduled to be paid on the current Payment Date, and Date and (bii) allocated funds from the applicable subaccount Series 1999-A Subaccount in respect of prior shortfalls on a Pro Rata pro rata basis based on the amount each of such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration a redemption in no event shall a Principal principal payment pursuant to this Section 5.02 4(b) on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 1999-A Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Tranche Class and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred incurred and is continuing and the unpaid principal Principal amount of all Tranches Series of Senior Secured Transition Bonds, Series A 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 Holders Series 2001-1 Transition Bondholders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Series 2001-1 Transition Bonds, Series A Bonds pursuant to Section 8.02(d8.02(e) of the Indenture as Principal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche Class of the Senior Secured Series 2001-1 Transition Bonds, Series A 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 pro rata between such Tranches Classes based on the Principal scheduled to be paid to such Tranches Classes in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches Classes did not receive Principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche Class or Tranches Classes was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: (a) allocated funds from the applicable subaccount Series 2001-1 Subaccount to make up such shortfalls prior to any Tranches Classes receiving funds in respect of Principal scheduled to be paid on the current Payment Date, Date and (b) allocated funds from the applicable subaccount Series 2001-1 Subaccount in respect of prior shortfalls on a Pro Rata pro rata basis based on the amount each of such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration a redemption in no event shall a Principal payment pursuant to this Section 5.02 on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 2001-1 Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule for such Tranche Class and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred incurred and is continuing and the unpaid principal amount of all Tranches Series of Senior Secured Transition Bonds, Series A 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 Series 1999-1 Transition Bondholders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Series 1999-1 Transition Bonds, Series A Bonds pursuant to Section 8.02(d8.02(e) of the Indenture as Principalprincipal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche Class of the Senior Secured Series 1999-1 Transition Bonds, Series A Bonds is to receive payments of Principal principal in accordance with the Expected Amortization Schedule on any Payment Date, such amounts will be allocated Pro Rata pro rata between such Tranches Classes based on the Principal principal scheduled to be paid to such Tranches Classes in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches Classes did not receive Principal principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche Class or Tranches Classes was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: (ai) allocated funds from the applicable subaccount Series 1999-1 Subaccount to make up such shortfalls prior to any Tranches Classes receiving funds in respect of Principal principal scheduled to be paid on the current Payment Date, Date and (bii) allocated funds from the applicable subaccount Series 1999-1 Subaccount in respect of prior shortfalls on a Pro Rata pro rata basis based on the amount each of such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration a redemption in no event shall a Principal principal payment pursuant to this Section 5.02 5(b) on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 1999-1 Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule for such Tranche Class and Payment Date.

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches of Senior Secured Transition Bonds, Series 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 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 A pursuant to Section 8.02(d) of the Indenture as Principal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche of the Senior Secured Transition Bonds, Series A 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 Tranches based on the Principal scheduled to be paid to such Tranches in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches did not receive Principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche or Tranches was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches Classes will be: be (ai) allocated funds from the applicable subaccount to make up such shortfalls prior to any Tranches Classes receiving funds in respect of Principal principal scheduled to be paid on the current Payment Date, and Date and (bii) allocated funds from the applicable subaccount in respect of prior shortfalls on a Pro Rata pro rata basis based on the amount each of such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration a redemption in no event shall a Principal principal payment pursuant to this Section 5.02 4(b) on any Tranche Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche Class of Senior Secured Series 1999-A Transition Bonds, Series A Bonds to the amount specified in the Expected Amortization Schedule which is attached as Schedule B hereto for such Tranche Class and Payment Date. Not later than each Schedule Revision Date, the Issuer shall deliver to the Bond Trustee a replacement Schedule B hereto, adjusted to reflect the event giving rise to such Schedule Revision Date and setting forth the Expected Amortization Schedule for each Payment Date; provided, however, that no such replacement schedule shall be required if the event giving rise to such Schedule Revision Date is a redemption of the Series 1999-A Transition Bonds in whole.