Common use of Redemption From Unexpended Proceeds Clause in Contracts

Redemption From Unexpended Proceeds. Subject to compliance with Section 10.2 of the Indenture, Outstanding Series 2002-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after January 16, 2003, for which notice can be given in accordance with subsection (E) of this Section 16, at a Redemption Price equal to 100% of the principal amount of Series 2002-1 Notes so redeemed, from proceeds of the Series 2002-1 Notes constituting that portion of the Balance of the Series 2002-1 Acquisition Account that have not been used to acquire Eligible Loans by January 16, 2003, and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. The Trustee shall transfer any such moneys to the credit of the Series 2002-1 Retirement Subaccount for such purpose without any further authorization or direction.

Redemption From Unexpended Proceeds. Subject to compliance with ----------------------------------- Section 10.2 of the Indenture, Outstanding Series 20022000-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after January 16April 2, 20032001, for which notice can be given in accordance with subsection (E) of this Section 16, at a Redemption Price equal to 100% of the principal amount of Series 20022000-1 Notes so redeemed, from proceeds of the Series 20022000-1 Notes constituting that portion of the Balance of the Series 20022000-1 Acquisition Account that have not been used to acquire Eligible Loans by January 16April 2, 20032001, and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. The Trustee shall transfer any such moneys to the credit of the Series 20022000-1 Retirement Subaccount for such purpose without any further authorization or direction.

Redemption From Unexpended Proceeds. Subject to compliance with Section 10.2 of the Indenture, Outstanding Series 20021999-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after January 16April 4, 20032000, for which notice can be given in accordance with subsection (E) of this Section 16, at a Redemption Price equal to 100% of the principal amount of Series 20021999-1 Notes so redeemed, from proceeds of the Series 20021999-1 Notes constituting that portion of the Balance of the Series 20021999-1 Acquisition Account that have not been used to acquire Eligible Loans by January 16April 4, 20032000, and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. The Trustee shall transfer any such moneys to the credit of the Series 20021999-1 Retirement Subaccount for such purpose without any further authorization or direction.

Redemption From Unexpended Proceeds. Subject to compliance with Section 10.2 of the Indenture, Outstanding Series 20022001-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after January 16November 25, 20032001, for which notice can be given in accordance with subsection (E) of this Section 16, at a Redemption Price equal to 100% of the principal amount of Series 20022001-1 Notes so redeemed, from proceeds of the Series 20022001-1 Notes constituting that portion of the Balance of the Series 20022001-1 Acquisition Account that have not been used to acquire Eligible Loans by January 16November 25, 20032001, and from that portion of the Reserve Fund which, if left in the Reserve Fund upon such redemption, would cause the Balance in the Reserve Fund to exceed the Reserve Fund Requirement, calculated after giving effect to such redemption. The Trustee shall transfer any such moneys to the credit of the Series 20022001-1 Retirement Subaccount for such purpose without any further authorization or direction.