Common use of Expected Sinking Fund Schedule for Principal Clause in Contracts

Expected Sinking Fund 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 Series { }, WAL { } Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WAL { } Nuclear Asset-Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Series { }, WAL { }Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WSL { } Nuclear Asset-Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Series { }, WAL { } Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WAL { } of Nuclear Asset-Recovery Bonds thereof has been reduced to zero; and (4) to the holders of the Series { }, WAL { } Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WAL { } of Nuclear Asset-Recovery 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 WAL on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such WAL of Nuclear Asset-Recovery Bonds to the amount specified in the Expected Sinking Fund Schedule that is attached as Schedule A hereto for such WAL and Payment Date}.

Appears in 3 contracts

Samples: Indenture (Duke Energy Florida, Llc.), Indenture (Duke Energy Florida, Llc.), Indenture (Duke Energy Florida, Llc.)

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Expected Sinking Fund 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 Series { }, WAL { } A 2018 Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WAL { } A 2018 Nuclear Asset-Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Series { }, WAL { }A 2021 Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WSL { } A 2021 Nuclear Asset-Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Series { }, WAL { } A 2026 Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }A 2026 of Nuclear Asset-Recovery Bonds thereof has been reduced to zero; (4) to the holders of the Series A 2032 Nuclear Asset-Recovery Bonds, WAL { } until the Outstanding Amount of such Series A 2032 of Nuclear Asset-Recovery Bonds thereof has been reduced to zero; and (45) to the holders of the Series { }, WAL { } A 2035 Nuclear Asset-Recovery Bonds, until the Outstanding Amount of such Series { }, WAL { } A 2035 of Nuclear Asset-Recovery 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 WAL on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such WAL of Nuclear Asset-Recovery Bonds to the amount specified in the Expected Sinking Fund Schedule that is attached as Schedule A hereto for such WAL and Payment Date}.

Appears in 2 contracts

Samples: Series Supplement (Duke Energy Florida, Llc.), Series Supplement (Duke Energy Florida, Llc.)

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