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 1999-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 4, 2000, 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 1999-1 Notes so redeemed, from proceeds of the Series 1999-1 Notes constituting that portion of the Balance of the Series 1999-1 Acquisition Account that have not been used to acquire Eligible Loans by April 4, 2000, 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 1999-1 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 19992004-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 4May 1, 20002004, 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 19992004-1 Notes so redeemed, from proceeds of the Series 19992004-1 Notes constituting that portion of the Balance of the Series 19992004-1 Acquisition Account that have not been used to acquire Eligible Loans by April 4May 1, 20002004, 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 be so used to redeem Series 2004-1 Notes to the credit of the Series 19992004-1 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 19992000-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 42, 20002001, 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 19992000-1 Notes so redeemed, from proceeds of the Series 19992000-1 Notes constituting that portion of the Balance of the Series 19992000-1 Acquisition Account that have not been used to acquire Eligible Loans by April 42, 20002001, 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 19992000-1 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 19992002-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 4January 16, 20002003, 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 19992002-1 Notes so redeemed, from proceeds of the Series 19992002-1 Notes constituting that portion of the Balance of the Series 19992002-1 Acquisition Account that have not been used to acquire Eligible Loans by April 4January 16, 20002003, 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 19992002-1 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 19992001-1 Notes shall be redeemed, in part, on the first regularly scheduled Interest Payment Date occurring after April 4November 25, 20002001, 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 19992001-1 Notes so redeemed, from proceeds of the Series 19992001-1 Notes constituting that portion of the Balance of the Series 19992001-1 Acquisition Account that have not been used to acquire Eligible Loans by April 4November 25, 20002001, 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 19992001-1 Retirement Subaccount for such purpose without any further authorization or direction.