Common use of Expected Amortization Schedule for Principal Clause in Contracts

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.

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) 8.02 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(b5(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.

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 Transition 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 Holders of the Series 20012006-1 Securitization Bondholders A Transition Bonds of record as of the related Record Date amounts payable in respect of the Series 20012006-1 Securitization A Transition 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(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20012006-1 Securitization A Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition 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 20011999-1 Securitization Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 20011999-1 Securitization Transition Bonds pursuant to Section 8.02(g8.02(e) 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 and as a result the aggregate Outstanding Amount of such Class or Classes was not reduced to the balance indicated in accordance with the Expected Amortization ScheduleSchedule on such Payment Date, then such Classes will be allocated funds from the Series 1999-1 Subaccount to make up 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 prior to any Classes receiving funds in respect of principal scheduled to be paid on the Expected Amortization Schedulecurrent Payment Date; provided, however, that in no event shall a principal payment pursuant to this Section 6(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20011999-1 Securitization Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

Expected Amortization Schedule for Principal. Except in the case of an optional redemption pursuant to Section 10.01 of the Indenture, unless Unless an Event of Default has occurred and is continuing and the unpaid principal amount of all Series of Securitization Transition 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 Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Transition 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 Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

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 Transition 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 Holders of the Series 20012002-1 Securitization Bondholders A Transition Bonds of record as of the related Record Date amounts payable in respect of the Series 20012002-1 Securitization A Transition 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(b5(b) on any Class on a Payment Date be greater than the amount that reduces the Outstanding Amount of such Class of Series 20012002-1 Securitization A Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.

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 Transition 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 Transition Bondholders of record as of the related Record Date amounts payable in respect of the Series 2001-1 Securitization Transition 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 Transition Bonds to the amount specified in the Expected Amortization Schedule for such Class and Payment Date.