Waterfall Caps. The amount payable with respect to the Recovery Bonds pursuant to Section 8.02(e)(i) shall not exceed $200,000 annually (the “Trustee Cap”); provided, however, that the Trustee Cap shall be disregarded and inapplicable upon the acceleration of the Recovery Bonds following the occurrence and continuation of an event of default.
Appears in 4 contracts
Samples: Series Supplement (SCE Recovery Funding LLC), Series Supplement (SCE Recovery Funding LLC), Series Supplement (SCE Recovery Funding LLC)
Waterfall Caps. The amount payable with respect to the Recovery Bonds pursuant to Section 8.02(e)(i) shall not exceed $200,000 $ annually (the “Trustee Cap”); , provided, however, that the Trustee Cap shall be disregarded and inapplicable upon the acceleration of the Recovery Bonds following the occurrence and continuation of an event of default.
Appears in 3 contracts
Samples: Indenture (SCE Recovery Funding LLC), Indenture (SCE Recovery Funding LLC), Indenture (SCE Recovery Funding LLC)
Waterfall Caps. The amount payable with respect to the Recovery Bonds pursuant to Section 8.02(e)(i) shall not exceed $200,000 $ annually (the “Trustee Cap”); , provided, however, that the Trustee Cap shall be disregarded and inapplicable upon the acceleration of the Recovery Bonds following the occurrence and continuation of an event of default.
Appears in 2 contracts
Samples: Indenture (SCE Recovery Funding LLC), Indenture (SCE Recovery Funding LLC)
