Common use of Periodic Adjustments Clause in Contracts

Periodic Adjustments. With respect to each Series of Storm-Recovery Bonds, from time to time until the Retirement Date, the Servicer shall identify the need for Periodic Adjustments and shall take reasonable action to obtain and implement such Periodic Adjustments, all in accordance with the following: (a) Expected Sinking Fund Schedule. The Expected Sinking Fund Schedule for the Bonds is attached hereto as Exhibit F. In connection with the issuance by the Issuer of any Additional Bonds, the Servicer, on or prior to the Series Issuance Date for any Series of any Additional Bonds, shall provide an expected sinking fund schedule relating to each such new Series of Storm-Recovery Bonds setting forth, as of each Payment Date through the Retirement Date, the aggregate amount of the Storm-Recovery Bonds of that Series, expected to be outstanding on such Payment Date.