Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche { } Securitization Bonds, until the Outstanding Amount of such Tranche of Securitization Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitization Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: [(1) to the holders of the Tranche A-1 Securitized Utility Tariff Bonds, until the Outstanding Amount of such Tranche of Securitized Utility Tariff Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Securitized Utility Tariff Bonds, until the Outstanding Amount of such Tranche of Securitized Utility Tariff Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Securitized Utility Tariff Bonds, until the Outstanding Amount of such Tranche of Securitized Utility Tariff Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Securitized Utility Tariff Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

See All (29)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(d)(vii) of the Indenture as principal, in the following order and priority: [ (1) to the holders of the Class A-1 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (2) to the holders of the Class A-2 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (3) to the holders of the Class A-3 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (4) to the holders of the Class A-4 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (5) to the holders of the Class A-5 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (6) to the holders of the Class A-6 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; (7) to the holders of the Class A-7 Notes until the Outstanding Amount of such Class of Notes thereof has been reduced to zero; and (8) to the holders of the Class A-8 Notes, until the Outstanding Amount of such Class of Notes thereof has been reduced to zero;] PROVIDED, HOWEVER, that in no event shall a principal payment pursuant to this Section 3(c) on any Class on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Class of Notes below the amount specified in the Expected Amortization Schedule which is attached as Schedule A hereto for such Class and Payment Date.

See All (22)

See All (10)

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Bonds has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Series 2001-1 Securitization Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Bonds pursuant to Section 8.02(g) of the Indenture as principal, in accordance with the Expected Amortization Schedule. Notwithstanding the foregoing, if one or more Classes did not receive principal on any prior Payment Date in accordance with the Expected Amortization Schedule, such shortfalls of principal shall be paid prior to the payment of principal scheduled to be paid on the current Payment Date and shall be paid in the order in which such amounts were scheduled to be paid previously pursuant to the Expected Amortization Schedule; provided, however, that in no event shall a principal payment pursuant to this Section 6(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 2001-1 Securitization Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

See All (10)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal to the holders of the Series 2023-A Securitized Utility Tariff Bonds, until the Outstanding Amount of the Series 2023-A Securitized Utility Tariff Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Series 2023-A Securitized Utility Tariff Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Payment Date.

See All (7)

Expected Amortization Schedule for Principal. Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Tranches of Senior Secured Transition Bonds, Series A has been declared to be due and payable together with accrued and unpaid interest thereon, on each Payment Date the Trustee shall distribute to the Holders of record of the Senior Secured Transition Bonds, Series A as of the related Record Date amounts payable in respect of the Senior Secured Transition Bonds, Series A pursuant to Section 8.02(d) of the Indenture as Principal, in accordance with the Expected Amortization Schedule. To the extent that more than one Tranche of the Senior Secured Transition Bonds, Series A is to receive payments of Principal in accordance with the Expected Amortization Schedule on any Payment Date, such amounts will be allocated Pro Rata between such Tranches based on the Principal scheduled to be paid to such Tranches in accordance with the Expected Amortization Schedule on such Payment Date; provided, however, that if one or more Tranches did not receive Principal on the prior Payment Date and as a result the aggregate Outstanding Amount of such Tranche or Tranches was not reduced to the balance indicated in the Expected Amortization Schedule on such Payment Date, then such Tranches will be: (a) allocated funds from the applicable subaccount to make up such shortfalls prior to any Tranches receiving funds in respect of Principal scheduled to be paid on the current Payment Date, and (b) allocated funds from the applicable subaccount in respect of prior shortfalls on a Pro Rata basis based on the amount each such shortfall bears to the aggregate shortfalls; provided, however, that other than in the event of an acceleration in no event shall a Principal payment pursuant to this Section 5.02 on any Tranche on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Tranche of Senior Secured Transition Bonds, Series A to the amount specified in the Expected Amortization Schedule for such Tranche and Payment Date.

See All (7)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing, on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: {(1) to the holders of the Series A, Tranche { } Energy Transition Bonds, until the Outstanding Amount of such Series A, Tranche { } Energy Transition Bonds thereof has been reduced to zero; and (2) to the holders of the Series A, Tranche { }Energy Transition Bonds, until the Outstanding Amount of such Series A, Tranche { } Energy Transition Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Energy Transition Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for such Tranche and Payment Date}.

See All (6)

See All (4)

Expected Amortization Schedule for Principal Sample Clauses

Filter & Search

Related Clauses

Parent Clauses