For Group 1. The Principal Payment Amount for Group 1 will be paid in the following order of priority:
(A) to the Swap Counterparty, to the extent not previously paid from the Collection Account, the unpaid Group 1 Percentage of any Net Swap Payment for such Payment Date and swap termination amounts payable to the Swap Counterparty in the event that the Trust is a defaulting party or an affected party under the terms of the Swap Agreement (after giving effect to payments pursuant to Section 6.02(b)-(d) above);
(B) to the Swap Counterparty, to the extent not previously paid from the Collection Account, the unpaid Group 2 Percentage of any Net Swap Payment for such Payment Date and swap termination amounts payable to the Swap Counterparty pursuant to the Swap Agreement in the event that the Trust is the defaulting party or an affected party under the Swap Agreement (after giving effect to payments pursuant to Section 6.02(b)-(d) above and Section 6.02(e)(i)(2)(A));
(C) to the Class 1-A Notes, until the Class Principal Amount of such class has been reduced to zero;
(D) sequentially, to the Class 2-A1 Notes, the Class 2-A2 Notes and the Class 2-A3 Notes, in that order, after giving effect to payments pursuant to Section 6.02(e)(i)(2)(C), until the Class Principal Amount of each such class has been reduced to zero; provided that if on any Payment Date the Total Principal Deficiency Amount exceeds the aggregate Class Principal Amounts of the Class M Notes, all payments pursuant to this clause will be made concurrently, on a pro rata basis, to the Class 2-A1 Notes, the Class 2-A2 Notes and the Class 2-A3 Notes;
(E) to the Class M1 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(F) to the Class M2 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(G) to the Class M3 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(H) to the Class M4 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(I) to the Class M5 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(J) to the Class M6 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(K) to the Class M7 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(L) to the Class M8 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(M) to the Class M9 Notes, until the Class Principal Amount of such Class has bee...
For Group 1. As of the date of ratification of this agreement, the District has the right, at its discretion, to subcontract bargaining unit work for a bargaining unit vacancy that results from the resignation, retirement, termination for cause of a bargaining unit member or a newly created bargaining unit position. No bargaining unit member shall be furloughed or laid off for purposes of subcontracting.
A. The District shall not subcontract bargaining unit work unless:
1. The work requires skills, time, equipment, or capacities not available in the District; and
2. The work does not result directly in the layoff of a Bargaining Unit Member employed by the District; OR
3. The work arises out of an emergency or involves work that has been historically subcontracted by the district and will not result in the furlough of a Bargaining Unit Member.
B. Notwithstanding the foregoing, the District maintains the right it has previously exercised which is to take advantage of attritional savings from retirements and/or employment separations (i.e., the District will not need to fill retirements or vacancies as the result of employment separations).
For Group 1. The Principal Payment Amount for Group 1 will be paid in the following order of priority:
(A) to the Swap Counterparty, to the extent not previously paid from the Collection Account, the unpaid Group 1 Percentage of any Net Swap Payment for such Payment Date and swap termination amounts payable to the Swap Counterparty in the event that the Trust is a defaulting party or an affected party under the terms of the Swap Agreements (after giving effect to payments pursuant to Section 6.02(b)-(d) above);
(B) to the Swap Counterparty, to the extent not previously paid from the Collection Account, the unpaid Group 2 Percentage of any Net Swap Payment for such Payment Date and swap termination amounts payable to the Swap Counterparty pursuant to the Swap Agreements in the event that the Trust is the defaulting party or an affected party under the Swap Agreements (after giving effect to payments pursuant to Section 6.02(b)-(d) above and Section 6.02(e)(i)(2)(A));
(C) to the Final Maturity Reserve Account, to the extent not previously paid from the Collection Account, the unpaid Group 1 Percentage of any Final Maturity Reserve Amount (after giving effect to payments pursuant to Section 6.02(b)-(d) above);
(D) to the Final Maturity Reserve Account, to the extent not previously paid from the Collection Account, the unpaid Group 2 Percentage of any Final Maturity Reserve Amount (after giving effect to payments pursuant to Section 6.02(b)-(d) above and Section 6.02(e)(i)(2)(C));
(E) to the Class 1-A Notes, until the Class Principal Amount of such class has been reduced to zero;
(F) sequentially, to the Class 2-A1 Notes, the Class 2-A2 Notes and the Class 2-A3 Notes, in that order, after giving effect to payments pursuant to Section 6.02(e)(i)(2)(E), until the Class Principal Amount of each such class has been reduced to zero; provided that if on any Payment Date the Total Principal Deficiency Amount exceeds the aggregate Class Principal Amounts of the Class M Notes, all payments pursuant to this clause will be made concurrently, on a pro rata basis, to the Class 2-A1 Notes, the Class 2-A2 Notes and the Class 2-A3 Notes;
(G) to the Class M1 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(H) to the Class M2 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(I) to the Class M3 Notes, until the Class Principal Amount of such Class has been reduced to zero;
(J) to the Class M4 Notes, until the Class Principal Amou...
