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 to the holders of the Series 2022-A Securitized Utility Tariff Bonds; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on the Series 2022-A Securitized Utility Tariff Bonds on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of the Series 2022-A Securitized Utility Tariff Bonds to the amount specified in the Expected Amortization Schedule that is attached as Schedule A hereto for the Series 2022-A Securitized Utility Tariff Bonds and Payment Date.