Common use of Expected Amortization Schedule for Principal Clause in Contracts

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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

Appears in 6 contracts

Samples: Indenture (PG&E Recovery Funding LLC), Indenture (PG&E Corp), Indenture (PG&E Wildfire Recovery Funding LLC)

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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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A attached hereto for such Tranche and Payment Date.

Appears in 6 contracts

Samples: Series Supplement (SCE Recovery Funding LLC), Series Supplement (SCE Recovery Funding LLC), Series Supplement (SCE Recovery Funding LLC)

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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

Appears in 6 contracts

Samples: Series Supplement (PACIFIC GAS & ELECTRIC Co), Series Supplement (PG&E Recovery Funding LLC), Indenture (PG&E Corp)

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 A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A attached hereto for such Tranche and Payment Date.

Appears in 6 contracts

Samples: Indenture (SCE Recovery Funding LLC), Indenture (SCE Recovery Funding LLC), Section    Indenture (SCE Recovery Funding LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 Holders of the Tranche A-1 Recovery {A-1} Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery {A-1} Securitization Bonds thereof has been reduced to zero; (2) to the holders Holders of the Tranche A-2 Recovery {A-2}Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery {A-2} Securitization Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 the Securitization Bonds on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Recovery Securitization Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 5 contracts

Samples: Indenture (DTE Electric Securitization Funding II LLC), Indenture (DTE Electric Securitization Funding II LLC), Indenture (DTE Electric Securitization Funding II LLC)

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 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (4) to the holders of the Tranche A-4 Transition Bonds, until the Outstanding Amount of such Tranche of Transition Bonds thereof has been reduced to zero; and (5) to the holders of the Tranche A-5 Transition Bonds, until the Outstanding Amount of such Tranche of 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 Recovery Transition Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 5 contracts

Samples: Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC)

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 Recovery System Restoration Bonds, until the Outstanding Amount of such Tranche of Recovery System Restoration Bonds thereof has been reduced to zero; and (2) to the holders of the Tranche A-2 Recovery System Restoration Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery System Restoration 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 Recovery System Restoration Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 4 contracts

Samples: Series Supplement (Entergy Texas, Inc.), Series Supplement (Entergy Texas, Inc.), Series Supplement (AEP Texas Restoration Funding LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing and the unpaid principal amount of all Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Bond Trustee shall distribute pay to the Holders Bondholders 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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Bonds, Bonds until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche of Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Tranche and Payment Dateof Bonds pro rata.

Appears in 4 contracts

Samples: Bond Indenture (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Bond Indenture (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Bond Indenture (FirstEnergy Ohio PIRB Special Purpose Trust 2013)

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 Recovery [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery [ ] Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (4)] 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 Recovery Transition Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 4 contracts

Samples: Indenture (Entergy Texas Restoration Funding, LLC), Indenture (Entergy Texas Restoration Funding, LLC), Indenture (Entergy Gulf States Reconstruction Funding I, LLC)

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 Phase-In-Recovery Bonds, until the Outstanding Amount of such Tranche of Phase-In-Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Phase-In-Recovery Bonds, until the Outstanding Amount of such Tranche of Phase-In-Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Phase-In-Recovery Bonds, until the Outstanding Amount of such Tranche of Phase-In-Recovery 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 Phase-In-Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 3 contracts

Samples: Indenture (Ohio Phase-in-Recovery Funding LLC), Indenture (Ohio Phase-in-Recovery Funding LLC), Ohio Phase (Ohio Phase-in-Recovery Funding LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 Holders of the Tranche A-1 Recovery {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery Securitization Bonds thereof has been reduced to zero; (2) to the holders Holders of the Tranche A-2 Recovery {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery Securitization Bonds thereof has been reduced to zero; and (3) to the holders Holders of the Tranche A-3 Recovery {__} Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Securitization Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche and Payment Date}.

Appears in 3 contracts

Samples: Indenture (Consumers 2023 Securitization Funding LLC), Indenture (Consumers 2023 Securitization Funding LLC), Indenture (Consumers 2023 Securitization Funding LLC)

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 Recovery [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Recovery System Restoration Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Recovery System Restoration Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery [ ] System Restoration Bonds, until the Outstanding Amount of such Tranche of Recovery System Restoration Bonds thereof has been reduced to zero; (4)] 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 Recovery System Restoration Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 3 contracts

Samples: Indenture (Entergy Texas, Inc.), Indenture (Entergy Texas, Inc.), Indenture (Entergy Texas, Inc.)

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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (4) to the holders of the Tranche A-4 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (5) to the holders of the Tranche A-5 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

Appears in 3 contracts

Samples: Series Supplement (PG&E Corp), Series Supplement (PG&E Corp), Series Supplement (PACIFIC GAS & ELECTRIC Co)

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 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization 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 Recovery Rate Stabilization Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 2 contracts

Samples: Series Supplement (Constellation Energy Group Inc), Series Supplement (RSB Bondco LLC)

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 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Transition Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 2 contracts

Samples: Series Supplement (AEP Transition Funding III LLC), Series Supplement (Entergy Texas Restoration Funding, LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 Recovery Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery Securitization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery Securitization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Securitization Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Securitization Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche and Payment Date}.

Appears in 2 contracts

Samples: Series Supplement (Consumers Energy Co), Series Supplement (Consumers Energy Co)

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Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 Recovery { } Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery { } Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery { } Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction 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 Recovery Rate Reduction Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche and Payment Date}.

Appears in 2 contracts

Samples: Intercreditor Agreement (PSNH Funding LLC 3), Intercreditor Agreement (PSNH Funding LLC 3)

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 Phase-In-Recovery Bonds, until the Outstanding Amount of such Tranche of Phase-In-Recovery Bonds thereof has been reduced to zero; and (2) to the holders of the Tranche A-2 Phase-In-Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Phase-In-Recovery 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 Phase-In-Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 2 contracts

Samples: Series Supplement (Ohio Phase-in-Recovery Funding LLC), Series Supplement (Ohio Phase-in-Recovery Funding LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 2022-A, Tranche A-1 {__} Storm Recovery Bonds, until the Outstanding Amount of such the Series 2022-A, Tranche of {__} Storm Recovery Bonds thereof has been reduced to zero; and (2) to the holders of the Series 2022-A, Tranche A-2 {__} Storm Recovery Bonds, until the Outstanding Amount of such the Series 2022-A, Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of {__} Storm Recovery 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 tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche tranche of Series 2022-A Storm Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche tranche and Payment Date}.

Appears in 1 contract

Samples: Indenture (Cleco Power LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 Recovery Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Rate Reduction Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Reduction 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 Recovery Rate Reduction Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 1 contract

Samples: Series Supplement (PSNH Funding LLC 3)

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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A attached hereto for such Tranche and Payment Date.

Appears in 1 contract

Samples: Indenture (SCE Recovery Funding LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing and the unpaid principal amount of all Bonds and accrued interest thereon has been declared to be due and payable, on each Payment Date, the Indenture Bond Trustee shall distribute pay to the Holders Bondholders 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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Bonds, A-[ ] Bonds until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c2.01(c)(iii) on any Tranche on a Payment Date be greater than the amount necessary to reduce that reduces the Outstanding Amount of such Tranche of Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Schedule. Partial payments of any scheduled amortization payment shall be allocated within any Tranche and Payment Dateof Bonds pro rata.

Appears in 1 contract

Samples: OE Funding LLC

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 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Rate Stabilization Bonds, until the Outstanding Amount of such Tranche of Recovery Rate Stabilization 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 EXHIBIT B amount necessary to reduce the Outstanding Amount of such Tranche of Recovery Rate Stabilization Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.

Appears in 1 contract

Samples: Indenture (RSB Bondco LLC)

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 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-3 Recovery Transition Bonds, until the Outstanding Amount of such Tranche of Recovery Transition Bonds thereof has been reduced to zero; (4) 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 Recovery Transition Bonds to the amount specified in the Expected Amortization Schedule set forth on which is attached as Schedule A hereto for such Tranche and Payment Date.. Assuming there are sufficient amounts in the Collection Account to make payments of principal in accordance with the Expected Amortization Table, the amounts to be paid with respect to principal for each Tranche on each Payment Date are set forth on Schedule B.

Appears in 1 contract

Samples: Series Supplement (Entergy Gulf States Reconstruction Funding I, LLC)

Expected Amortization Schedule for Principal. Unless an Event of Default shall have occurred and be continuing 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 2022-A, Tranche A-1 Storm Recovery Bonds, until the Outstanding Amount of such the Series 2022-A, Tranche of A-1 Storm Recovery Bonds thereof has been reduced to zero; and (2) to the holders of the Series 2022-A, Tranche A-2 Storm Recovery Bonds, until the Outstanding Amount of such the Series 2022-A, Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of A-2 Storm Recovery 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 tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche tranche of Series 2022-A Storm Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on that is attached as Schedule A hereto for such Tranche tranche and Payment Date.

Appears in 1 contract

Samples: Series Supplement (Cleco Power LLC)

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 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery 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 Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

Appears in 1 contract

Samples: Indenture (PG&E Recovery Funding LLC)

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