Common use of Accountant's Certificate or Opinion Clause in Contracts

Accountant's Certificate or Opinion. A certificate or opinion, addressed to the Issuer and the Bond Trustee complying with the requirements of Section 11.01 hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial Intangible Transition Charges with respect to the Transferred Intangible Transition Property or, if applicable, the most recent revised Intangible Transition Charges with respect to the Transferred Intangible Transition Property, and taking into account amounts on deposit in the Reserve Subaccount, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such Intangible Transition Charges are sufficient to (a) pay Operating Expenses when incurred, (b) pay interest on each Series of Transition Bonds at their respective Bond Rates when due, or, with respect to Classes or Series for which a Swap Agreement is in effect and any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties (not including any breakage or termination payments), (c) pay principal of the Transition Bonds of all Series in accordance with their respective Expected Amortization Schedules and (d) fund the Calculated Overcollateralization Level as of each Payment Date.

Accountant's Certificate or Opinion. A certificate or opinion, addressed to the Issuer and the Bond Trustee Trustee, complying with the requirements of Section 11.01 hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial Intangible Transition Charges with respect to the Transferred Intangible Transition Property or, if applicable, the most recent revised Intangible Transition Charges with respect to the Transferred Intangible Transition Property, and taking into account amounts on deposit in the Reserve Subaccount, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such Intangible Transition Charges are sufficient to (a) pay Operating Expenses when incurred, (b) pay interest on each Series of Transition Bonds at their respective Bond Rates when due, or, with respect to Classes or Series for which a Swap Agreement is in effect and any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties (not including any breakage or termination payments), (c) pay principal of the Transition Bonds of all Series in accordance with their respective Expected Amortization Schedules and (d) fund the Calculated Scheduled Overcollateralization Level and replenish any shortfalls in the Capital Subaccount as of each Payment Date.

Accountant's Certificate or Opinion. A certificate or opinion, addressed to the Issuer and the Bond Indenture Trustee complying with the requirements of Section 11.01 hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (ai) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (bii) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial Intangible Transition Environmental Control Charges with respect to the Transferred Intangible Transition Environmental Control Property or, if applicable, the most recent revised Intangible Transition Environmental Control Charges with respect to the Transferred Intangible Transition Environmental Control Property, and taking into account amounts on deposit in the Reserve Excess Funds Subaccount, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such Intangible Transition Environmental Control Charges are sufficient to (a) pay Operating Expenses when incurred, (b) pay interest on each Series of Transition Environmental Control Bonds at their respective Bond Rates when due, or, with respect to Classes Tranches or Series for which a Swap Agreement is in effect and for which any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties (not including any breakage or termination payments), (c) pay principal of the Transition Environmental Control Bonds of all Series in accordance with their respective Expected Amortization Schedules Sinking Fund Schedules, and (d) fund replenish the Calculated Overcollateralization Level Capital Subaccount up to the Required Capital Amount as of each Payment Date.] [Confirm with accountants and Trustee]

Accountant's Certificate or Opinion. A certificate or opinion, letter addressed to the Issuer and the Bond Trustee Trustee, complying with the requirements of Section 11.01 hereof11.01, of a firm of Independent certified public accountants of recognized national reputation to the effect that (aA) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, this Indenture and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (bB) with respect to the Collateral, they have made such recalculations of calculations and information provided by the Issuer as they have deemed necessary for the purpose of determining, and determined have determined, that, based on the assumptions used in calculating the initial Intangible Transition Charges Bond Charge with respect to the related Transferred Intangible Transition Property or, if applicable, the most recent revised Intangible Transition Charges with respect to the Transferred Intangible Bondable Transition Property, and taking into account amounts on deposit in the Reserve Subaccount, available as of the Series Issuance Date in the Subaccounts for such each Series (after giving effect to the issuance of such new Series and the application of the proceeds therefrom) such Intangible ), the Transition Charges are Bond Charge will be sufficient to pay (a1) pay assumed Operating Expenses when incurred, plus (b2) pay interest on each any amounts due under any Hedge Agreement or any Interest Rate Swap Agreement when due, plus (3) any deposits required to be made of Overcollateralization Amounts into the Overcollateralization Subaccount for such new Series as set forth in the related Series Supplement and any deposits required to be made of Overcollateralization Amounts for then outstanding Series of Transition Bonds, if any, as set forth in their respective overcollateralization schedules, plus (4) interest on the Transition Bonds of such new Series at their respective Bond Interest Rates when due as set forth in the related Series Supplement and on all then outstanding Series of Transition Bonds, if any, when due, or, with respect to Classes or Series for which a Swap Agreement is in effect and any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties plus (not including any breakage or termination payments), (c5) pay principal of the Transition Bonds of such new Series in accordance with the Expected Amortization Schedule set forth in the related Series Supplement and of all then outstanding Series of Transition Bonds, if any, in accordance with their respective Expected Amortization Schedules Schedules, plus (6) any deposits required to be made in the Capital Subaccounts on all then outstanding Series of Transition Bonds, if any, and (d) fund the Calculated Overcollateralization Level as of each Payment Datefound such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A certificate or opinion, letter addressed to the Issuer and the Bond Trustee Trustee, complying with the requirements of Section 11.01 hereof11.01, of a firm of Independent certified public accountants of recognized national reputation to the effect that (aA) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, this Indenture and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (bB) with respect to the Collateral, they have made such recalculations of calculations and information provided by the Issuer as they have deemed necessary for the purpose of determining, and determined have determined, that, based on the assumptions used in calculating the initial Intangible Transition Charges Bond Charge with respect to the related Transferred Intangible Transition Property or, if applicable, the most recent revised Intangible Transition Charges with respect to the Transferred Intangible Bondable Transition Property, and taking into account amounts on deposit in the Reserve Subaccount, available as of the Series Issuance Date in the Subaccounts for such each Series (after giving effect to the issuance of such new Series and the application of the proceeds therefrom) such Intangible ), the Transition Charges are Bond Charge will be sufficient to pay (a1) pay assumed Operating Expenses when incurred, plus (b2) pay interest on each any amounts due under any Hedge Agreement, if any, or any Interest Rate Swap Agreement, if any, when due, plus (3) any deposits required to be made of Overcollateralization Amounts into the Overcollateralization Subaccount for such new Series as set forth in the related Series Supplement and any deposits required to be made of Overcollateralization Amounts for then outstanding Series of Transition Bonds, if any, as set forth in their respective overcollateralization schedules, plus (4) interest on the Transition Bonds of such new Series at their respective Bond Interest Rates when due as set forth in the related Series Supplement and on all then outstanding Series of Transition Bonds, if any, when due, or, with respect to Classes or Series for which a Swap Agreement is in effect and any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties plus (not including any breakage or termination payments), (c5) pay principal of the Transition Bonds of such new Series in accordance with the Expected Amortization Schedule set forth in the related Series Supplement and of all then outstanding Series of Transition Bonds, if any, in accordance with their respective Expected Amortization Schedules Schedules, plus (6) any deposits required to be made in the Capital Subaccounts for all then outstanding Series of Transition Bonds, if any, and (d) fund the Calculated Overcollateralization Level as of each Payment Datefound such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A certificate or opinion, addressed to the Issuer and the Bond Trustee complying with the requirements of Section 11.01 hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial Intangible Transition Charges with respect to the Transferred Intangible Transition Property or, if applicable, the most recent revised Intangible Transition Charges with respect to the Transferred Intangible Transition Property, and taking into account amounts on deposit in the Reserve Subaccount, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such Intangible Transition Charges are sufficient to (a) pay Operating Expenses when incurred, (b) pay interest on each Series of Transition Bonds at their respective Bond Rates when due, or, with respect to Classes or Series for which a Swap Agreement is in effect and any payments due thereunder from the applicable Counterparty are being received by the Issuer, regular fixed payments due to the related Counterparties (not including any breakage or termination payments), (c) pay principal of the Transition Bonds of all Series in accordance with their respective Expected Amortization Schedules Schedules, (d) replenish the Capital Subaccount up to the Required Capital Amount as of each Payment Date and (de) fund the Calculated Overcollateralization Level as of each Payment Date.