38.5  Receipt of Gain

The Authority shall have the right to elect to receive its share of any Refinancing Gain as either:

38.5.1  a single payment in an amount less than or equal to any Distribution made on or about the date of the Refinancing;

38.5.2  a reduction in the Unitary Charge over the remainder of the Contract Period; or

38.5.3  a combination of the choices in clauses 38.5.1 and 38.5.2 above.