Common use of Swap Counterparty Clause in Contracts

Swap Counterparty. On the Business Day preceding each Payment Date, but subject to any proration among Series and Classes in the case of a shortfall of funds available to pay interest on the Transition Bonds pursuant to Section 8.02 of the Indenture, the Trustee shall allocate ------------ to the Class A-4 Subaccount an amount equal to the Class A-4 Gross Fixed Amount with respect to such Payment Date. On that Business Day, any net amount payable by the Issuer to the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be paid from the Class A-4 Subaccount, and any net amount payable to the Issuer by the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be deposited into the Class A-4

Swap Counterparty. On the Business Day preceding each Payment Date, but subject to any proration among Series and Classes in the case of a shortfall of funds available to pay interest on the Transition Bonds pursuant to Section 8.02 of the Indenture, the Trustee shall allocate ------------ to the Class A-4 Subaccount an amount equal to the Class A-4 Gross Fixed Amount with respect to such Payment Date. On that Business Dayor before the Payment Date, any net amount payable by the Issuer to the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be paid from the Class A-4 Subaccount, and any net amount payable to the Issuer by the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be deposited into the Class A-4