Acknowledgment of Ownership Interests and Security Interests Sample Clauses

Acknowledgment of Ownership Interests and Security Interests. (a) Each of the parties hereto hereby acknowledges the ownership interest of the Initial Bond Issuer in the Initial Customer Property, including the Initial Customer Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests granted therein in favor of the Initial Bond Trustee for the benefit of itself and the Holders of the Initial Environmental Trust Bonds. Each of the parties hereto hereby acknowledges the ownership interest of the Additional Bond Issuer in the Additional Customer Property, including the Additional Customer Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests granted therein in favor of the Additional Bond Trustee for the benefit of itself and the Holders of the Additional Environmental Trust Bonds. Each of the parties hereto hereby acknowledges the ownership interest and security interests of the Buyer and the Receivables Purchasers in the Receivables and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom. The parties hereto agree that the Initial Customer Property, the Additional Customer Property and the Receivables each shall constitute separate property rights notwithstanding that they may be evidenced by a single bxxx. The Company further agrees that it will not include the Initial Customer Property or the Additional Customer Property in calculating the amount of the Receivables sold or to be sold under the Receivables Agreements. The Receivables Purchasers and the Receivables Servicer and the Additional Bond Trustee, the Additional Bond Issuer and the Additional Property Servicer each acknowledge that, notwithstanding anything in the Receivables Agreements or the Additional Bond Agreements to the contrary, none of such parties has any interest in the Initial Customer Property. The Initial Bond Trustee, the Initial Bond Issuer and the Initial Property Servicer and the Receivables Purchasers and the Receivables Servicer each acknowledge that, notwithstanding anything in the Initial Bond Agreements or the Receivables Agreements to the contrary, none of such parties has any interest in the Additional Customer Property. The Initial Bond Trustee, the Initial Bond Issuer and the Initial Property Servicer and the Additional Bond Trust, the Additional Bond Issuer and the Additional Property Servicer each further acknowledge that, notwithstanding anything ...

Acknowledgment of Ownership Interests and Security Interests. The Initial Transition Bond Trustee, the Initial Transition Bond Issuer, the Initial TC Servicer, the Third Transition Bond Trustee, the Third Transition Bond Issuer, the Third TC Servicer, the Decommissioning Collection Agent and the SBF Collection Agent hereby acknowledge the ownership interest of the Additional Transition Bond Issuer in the Additional Transition Property, including the Additional Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests in favor of the Additional Transition Bond Trustee for the benefit of itself, the holders of the Additional Transition Bonds and any credit enhancement provider (as defined in the Additional Indenture) in the Additional Transition Property. The Initial Transition Bond Trustee, the Initial Transition Bond Issuer, the Initial TC Servicer, the Additional Transition Bond Trustee, the Additional Transition Bond Issuer, the Additional TC Servicer, the Decommissioning Collection Agent and the SBF Collection Agent hereby acknowledge the ownership interest of the Third Transition Bond Issuer in the Transition (III) Property, including the Transition (III) Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests in favor of the Third Transition Bond Trustee for the benefit of itself, the holders of the Third Transition Bonds and any credit enhancement provider (as defined in the Third Indenture) in the Transition (III) Property. The Additional Transition Bond Trustee, the Additional Transition Bond Issuer, the Additional TC Servicer, the Third Transition Bond Trustee, the Third Transition Bond Issuer, the Third TC Servicer, the Decommissioning Collection Agent and the SBF Collection Agent hereby acknowledge the ownership interest of the Initial Transition Bond Issuer in the Initial Transition Property, including the Initial Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests in favor of the Initial Transition Bond Trustee for the benefit of itself, the holders of the Initial Transition Bonds and any credit enhancement provider (as defined in the Initial Indenture) in the Initial Transition Property. The Initial Transition Bond Trustee, the Initial Transition Bond Issuer, the Initial TC Servicer, the Additional Transition Bond Trustee, the Additional Transition Bond Issuer, ...

Acknowledgment of Ownership Interests and Security Interests. The Initial Transition Bond Trustee, the Initial Bond Issuer, and the Initial TC Servicer hereby acknowledge the ownership interest of the Additional Transition Bond Issuer in the Additional Transition Property, including the Additional Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests in favor of the Additional Transition Bond Trustee for the benefit of itself, the holders of the Additional Transition Bonds and any credit enhancement provider (as defined in the Additional Indenture) in the Additional Transition Property. The Additional Transition Bond Trustee, the Additional Bond Issuer, and the Additional TC Servicer hereby acknowledge the ownership interest of the Initial Transition Bond Issuer in the Initial Transition Property, including the Initial Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interest in favor of the Initial Transition Bond Trustee for the benefit of itself, the holders of the Initial Transition Bonds and any credit enhancement provider (as defined in the Initial Indenture) in the Initial Transition Property.

Acknowledgment of Ownership Interests and Security Interests. The Parties hereby acknowledge as follows: (a) the Issuer has pledged and assigned, and granted a security interest in the Collateral, to the Trustee for the benefit of the holders of the Recovery Bonds and any other Secured Parties, and neither the Initial Trustee nor the holders of the Initial Recovery Bonds nor any other Initial Secured Party shall have any rights or interest in or to the Bond Collateral; and (b) the Issuer has pledged and assigned, and granted a security interest in the Initial Bond Collateral, to the Initial Trustee for the benefit of the holders of the Initial Recovery Bonds and any other Initial Secured Parties, and neither the Trustee nor the holders of the Recovery Bonds or any other Secured Party shall have any rights or interest to the Initial Bond Collateral.

Acknowledgment of Ownership Interests and Security Interests. The Parties hereby acknowledge as follows: (a) the Issuer has pledged and assigned, and granted a security interest in the Collateral, to the Trustee for the benefit of the holders of the Recovery Bonds and any other Secured Parties, and none of the Initial Trustee, the holders of the Initial Recovery Bonds, any other Initial Secured Party, the Second Trustee, the holders of the Second Recovery Bonds or any other Second Secured Party shall have any rights or interest in or to the Bond Collateral; (b) the Issuer has pledged and assigned, and granted a security interest in the Initial Bond Collateral, to the Initial Trustee for the benefit of the holders of the Initial Recovery Bonds and any other Initial Secured Parties, and none of the Trustee, the holders of the Recovery Bonds, any other Secured Party, the Second Trustee, the holders of the Second Recovery Bonds or any other Second Secured Party shall have any rights or interest to the Initial Bond Collateral; and (c) the Issuer has pledged and assigned, and granted a security interest in the Second Bond Collateral, to the Second Trustee for the benefit of the holders of the Second Recovery Bonds and any other Second Secured Parties, and none of the Trustee, the holders of the Recovery Bonds, any other Secured Party, the Initial Trustee, the holders of the Initial Recovery Bonds or any other Initial Secured Party shall have any rights or interest to the Second Bond Collateral.

Acknowledgment of Ownership Interests and Security Interests. The Initial Receivables Purchaser and the Indenture Trustee (collectively, the "Receivables Parties") and the Receivables Servicer hereby acknowledge the ownership interest of the Transition Bond Issuer in the Transition Property, including the Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interest in favor of the Transition Bond Trustee for the benefit of itself, the holders of Transition Bonds and any credit enhancement provider in the Transition Property (the "Transition Bond Trustee Collateral") as granted by the Transition Bond Issuer in the Granting Clause of the Indenture. The Transition Bond Trustee, the Transition Bond Issuer and the TC Servicer hereby acknowledge the ownership interest of the Initial Receivables Purchaser in the Outstanding Receivables and the revenues, Collections, claims, rights, payments, money and proceeds arising therefrom, and the interests of the Receivables Financing Entities, whether now existing or hereafter created, in the Eligible Assets and the related property. The Receivables Parties further acknowledge that, notwithstanding anything in the Receivables Agreements to the contrary, none of the Receivables Parties has any interest in the Transition Property or the Transition Bond Trustee Collateral and each of the Transition Bond Trustee, the Transition Bond Issuer and the TC Servicer further acknowledge that, notwithstanding anything in the Sale Agreement or the Indenture to the contrary, it has no interest in the Eligible Assets.

Acknowledgment of Ownership Interests and Security Interests. Each of the parties hereto hereby acknowledges the ownership interest of the Initial Bond Issuer in the Initial Customer Property, including the Initial Customer Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, and the security interests granted therein in favor of the Initial Bond Trustee for the benefit of itself and the holders of the Initial Rate Reduction Bonds. Each of the parties hereto hereby acknowledges the ownership interest and security interests of the Buyer and the Receivables Purchasers in the Receivables and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom. The parties hereto agree that the Initial Customer Property and the Receivables each shall constitute separate property rights notwithstanding that they may be evidenced by a single xxxx. The Company further agrees that it will not include the Initial Customer Property in calculating the amount of the Receivables sold or to be sold under the Receivables Agreements. Accordingly, the Receivables Purchasers and the Receivables Servicer each acknowledge that, notwithstanding anything in the Receivables Agreements to the contrary, none of such parties has any interest in the Initial Customer Property, and each of the Initial Bond Trustee, the Initial Bond Issuer and the Initial Property Servicer further acknowledge that, notwithstanding anything in the Initial Bond Agreements to the contrary, none of such parties has any interest in the Receivables.

Acknowledgment of Ownership Interests and Security Interests. The M Parties and the N Parties hereby acknowledge as follows: (a) the ownership interest of the M Bond Issuer in the Default Property, including the Default Charges and the revenues and collections resulting therefrom, and the security interests in favor of the M Bond Trustee for the benefit of itself, the holders of the M Bonds, and any credit enhancement provider as described in the M Indenture (collectively, the "M Secured Parties") in the Default Property; and (b) the ownership interest of the N Bond Issuer in the Uplift Property, including the Uplift Charges and the revenues and collections resulting therefrom, and the security interests in favor of the N Bond Trustee for the benefit of itself, the holders of the N Bonds, and any credit enhancement provider as described in the N Indenture (collectively, the "N Secured Parties") in the Uplift Property.

Acknowledgment of Ownership Interests and Security Interests. The Storm Recovery Bond Trustee, the Storm Recovery Bond Issuer, and the Storm Recovery Charge Servicer each hereby acknowledge the ownership interest of the Energy Transition Bond Issuer in the Energy Transition Property, including the Energy Transition Charges and the revenues, collections, claims, rights, payments, monies and proceeds arising therefrom, and the security interests in favor of the Energy Transition Bond Trustee for the benefit of itself and the Holders of the Energy Transition Bonds (as defined in the Energy Transition Indenture) in the Energy Transition Property. The Energy Transition Bond Trustee, the Energy Transition Bond Issuer, and the Energy Transition Charge Servicer each hereby acknowledge the ownership interest of the Storm Recovery Bond Issuer in the Storm Recovery Property, including the Storm Recovery Charges and the revenues, collections, claims, rights, payments, monies and proceeds arising therefrom, and the security interests in favor of the Storm Recovery Bond Trustee for the benefit of itself and the Holders of the Storm Recovery Bonds (as defined in the Storm Recovery Indenture) in the Storm Recovery Property.