Common use of Crossover Date Clause in Contracts

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2014-A Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2014-A 2016 Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 2014-A 2020 Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues:

Crossover Date. On the date that each of the following conditions is satisfied (the “Crossover Date”), the 20142009-A Purchase Payments will no longer be secured by any pledge of Surplus Revenues or amounts on deposit in the Qualified Obligations Account, but instead will be secured solely by a prior pledge of Distribution System Net Revenues: