Source for City Payments. (a) The City shall be obligated to make 2022 Purchase Payments hereunder solely from the Surplus Revenues in the Qualified Obligations Account. The 2022 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 2011-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2011- A Installment Purchase Agreement, (ii) 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, (iii) in Section 6.05 of the 2014-A Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2014-A Installment Purchase Agreement, (iv) in Section 6.05 of the 2015-B Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2015-B Installment Purchase Agreement, (v) Section 6.05 of the 2016 Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2016 Installment Purchase Agreement, (vi) Section 6.05 of the 2017 Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2017 Installment Purchase Agreement and (vii) Section 6.05 of the 2020 Installment Purchase Agreement and shall constitute Qualified Obligations as defined in and for purposes of the 2020 Installment Purchase Agreement.
(b) Notwithstanding Section 5.04(a) hereof, 2022 Purchase Payments shall not be made from Surplus Revenues in the Qualified Obligations Account to the extent of other moneys transferred to or deposited in, the 2022 Purchase Payment Fund pursuant to Section 4.02 of the Indenture.
(c) The City shall be obligated to make Additional Purchase Payments hereunder solely from the Surplus Revenues in the Remaining Surplus Account. Subject to the foregoing provisions of this Section 5.04, nothing herein shall preclude the City from making 2022 Purchase Payments and Additional Purchase Payments from other lawfully available moneys of the City.
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.
(b) Notwithstanding Section 4.4(a) hereof, 2015-A Purchase Payments shall not be made from Surplus Revenues in the Qualified Obligations Account to the extent of other moneys transferred to or deposited in the Purchase Payment Account pursuant to Section 4.03 of the Indenture.
(c) The City shall be obligated to make Additional Purchase Payments hereunder solely from the Surplus Revenues in the Remaining Surplus Account. Subject to the foregoing provisions of this Section 4.4, nothing herein shall preclude the City from making 2015-A Purchase Payments and Additional Purchase Payments from other lawfully available moneys of the City.
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.
(b) Notwithstanding Section 5.04(a) hereof, 2015-A Purchase Payments (Second Lien Qualified Obligations) shall not be made from Distribution System Net Revenues or Net Surplus Revenues in the Second Lien Qualified Obligations Account to the extent of other moneys transferred to or deposited in, the 2015-A Purchase Payment Fund pursuant to Section 4.02 of the Indenture.
(c) The City shall be obligated to make Additional Purchase Payments hereunder solely from Distribution System Net Revenues in the Distribution System Provider Fund and, prior to the Crossover Date, from the Net Surplus Revenues in the Remaining Surplus Account. Subject to the foregoing provisions of this Section 5.04, nothing herein shall preclude the City from making 2015-A Purchase Payments (Second Lien Qualified Obligations) and Additional Purchase Payments from other lawfully available moneys of the City.
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.
(b) Notwithstanding Section 4.4(a) hereof, 2024-A Purchase Payments shall not be made from Net Surplus Revenues in the Second Lien Qualified Obligations Account to the extent of other moneys transferred to or deposited in the 2024-A Purchase Payment Fund pursuant to Section 4.03 of the Indenture.
(c) The City shall be obligated to make Additional Purchase Payments hereunder solely from the Net Surplus Revenues in the Remaining Surplus Account. Subject to the foregoing provisions of this Section 4.4, nothing herein shall preclude the City from making 2024-A Purchase Payments, Additional Purchase Payments and payments on Second Lien Other Bank Obligations from other lawfully available moneys of the City.
