Source for City Payments. (a) The City shall be obligated to make 2014-A Purchase Payments hereunder solely from Distribution System Net Revenues to the extent permitted by law and, prior to the Crossover Date, from the Surplus Revenues in the Qualified Obligations Account. The 2014-A Purchase Payments to be made hereunder, designated as payable from Surplus Revenues in the Qualified Obligations Account, satisfy the covenant set forth (i) in Section 6.05 of the 1999 Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 1999 Installment Purchase Agreement, (ii) in Section 6.05 of the 2003-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2003-A Installment Purchase Agreement, (iii) in Section 6.05 of the 2009-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2009-A Installment Purchase Agreement and (iv) in Section 6.05 of the 2011-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2011-A Installment Purchase Agreement and (v) in Section 6.05 of the 2012-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2012-A Installment Purchase Agreement.
Source for City Payments. (a) The City shall be obligated to make 2015-A Purchase Payments hereunder solely from the Surplus Revenues in the Qualified Obligations Account.
Source for City Payments. (a) The City shall be obligated to make 2020 Purchase Payments hereunder solely from the Surplus Revenues in the Qualified Obligations Account.
Source for City Payments. (a) The City shall be obligated to make 2015-A Purchase Payments (Second Lien Qualified Obligations) hereunder solely from Distribution System Net Revenues to the extent permitted by law and, prior to the Crossover Date, from the Net Surplus Revenues in the Second Lien Qualified Obligations Account.
Source for City Payments. (a) The City shall be obligated to make 2024-A Purchase Payments and payments on Second Lien Other Bank Obligations hereunder solely from the Net Surplus Revenues in the Second Lien Qualified Obligations Account.
