Common use of Surplus Subaccount Clause in Contracts

Surplus Subaccount. The Corporation may, at any time prior to April 3, 2001, by Corporation Order, direct that all or a portion of the Balance in the Series 2000-1 Capitalized Interest Account be transferred to the Series 2000-1 Acquisition Subaccount and thereafter applied in the same manner as those amounts originally deposited to the credit of the Series 2000-1 Acquisition Subaccount pursuant to Section 15 of this Second Supplemental Indenture, provided (i) that the Corporation has certified in such Corporation Order that, based on a Cash Flow Projection, any such amount is not reasonably expected to be needed to remedy a deficiency in the Series 2000-1 Interest Subaccount as described above, and (ii) such transfer and application will not result in the reduction or withdrawal of the outstanding rating assigned by any Rating Agency to the Series 2000-1 Notes, as evidenced in writing to the Trustee by each such Rating Agency. Any amounts remaining in the Series 2000-1 Capitalized Interest Account as of December 1, 2002, shall be transferred by the Trustee to the Series 2000-1 Retirement Account and thereafter applied to the redemption of Series 2000-1 Notes pursuant to Section 16(C) hereof.

Surplus Subaccount. The Corporation may, at any time prior to April 35, 20012000, by Corporation Order, direct that all or a portion of the Balance in the Series 20001999-1 Capitalized Interest Account be transferred to the Series 20001999-1 Acquisition Subaccount and thereafter applied in the same manner as those amounts originally deposited to the credit of the Series 20001999-1 Acquisition Subaccount pursuant to Section 15 of this Second First Supplemental Indenture, provided (i) that the Corporation has certified in such Corporation Order that, based on a Cash Flow Projection, any such amount is not reasonably expected to be needed to remedy a deficiency in the Series 20001999-1 Interest Subaccount as described above, and (ii) such transfer and application will not result in the reduction or withdrawal of the outstanding rating assigned by any Rating Agency to the Series 2000-1 Notes, as evidenced in writing to the Trustee by each such Rating Agency. Any amounts remaining in the Series 20001999-1 Capitalized Interest Account as of December 1, 2002, shall be transferred by the Trustee to the Series 20001999-1 Retirement Account and thereafter applied to the redemption of Series 20001999-1 Notes pursuant to Section 16(C) hereof.

Surplus Subaccount. The Corporation may, at any time prior to April 3May 1, 20012004, by Corporation Order, direct that all or a portion of the Balance in the Series 20002004-1 Capitalized Interest Account be transferred to the Series 20002004-1 Acquisition Subaccount and thereafter applied in the same manner as those amounts originally deposited to the credit of the Series 20002004-1 Acquisition Subaccount pursuant to Section 15 of this Second First Supplemental Indenture, provided (i) that the Corporation has certified in such Corporation Order that, based on a Cash Flow Projection, any such amount is not reasonably expected to be needed to remedy a deficiency in the Series 20002004-1 Interest Subaccount as described above, and (ii) such transfer and application will not result in the reduction or withdrawal of the outstanding rating assigned by any Rating Agency to the Series 20002004-1 Notes, as evidenced in writing to the Trustee by each such Rating Agency. Any amounts remaining in the Series 20002004-1 Capitalized Interest Account as of December February 1, 20022005, shall be transferred by the Trustee to the Series 20002004-1 Retirement Account and thereafter applied to the redemption of Series 20002004-1 Notes pursuant to Section 16(C) hereof.

Surplus Subaccount. The Corporation may, at any time prior to April 3November 25, 2001, by Corporation Order, direct that all or a portion of the Balance in the Series 20002001-1 Capitalized Interest Account be transferred to the Series 20002001-1 Acquisition Subaccount and thereafter applied in the same manner as those amounts originally deposited to the credit of the Series 20002001-1 Acquisition Subaccount pursuant to Section 15 of this Second Third Supplemental Indenture, provided (i) that the Corporation has certified in such Corporation Order that, based on a Cash Flow Projection, any such amount is not reasonably expected to be needed to remedy a deficiency in the Series 20002001-1 Interest Subaccount as described above, and (ii) such transfer and application will not result in the reduction or withdrawal of the outstanding rating assigned by any Rating Agency to the Series 20002001-1 Notes, as evidenced in writing to the Trustee by each such Rating Agency. Any amounts remaining in the Series 20002001-1 Capitalized Interest Account as of December July 1, 20022003, shall be transferred by the Trustee to the Series 20002001-1 Retirement Account and thereafter applied to the redemption of Series 20002001-1 Notes pursuant to Section 16(C) hereof.