Common use of Acknowledgment of Ownership Interests and Security Interests Clause in Contracts

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 in the Initial Bond Agreements or the Additional Bond Agreements to the contrary, none of such parties has any interest in the Receivables.

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

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 holders of the Initial Environmental Trust Energy Transition 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 holders of the Additional Environmental Trust Energy Transition 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 bxxxbill. 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 in the Initial Bond Agreements or the Additional Bond Agreements to the contrary, none of such parties has any interest in the Receivables.

Acknowledgment of Ownership Interests and Security Interests. (a) Each of the parties hereto Receivables Parties, the Receivables Agent and the Receivables Sellers hereby acknowledges the ownership interest of the Initial Transition Bond Issuer in the Initial Customer Transition Property, including the Initial Customer Transition Charges and the revenues, collections, claims, rights, payments, money and proceeds arising therefrom, or from the investment or reinvestment thereof, and the security interests granted therein interest in favor of the Initial Transition Bond Trustee for the benefit of itself itself, the holders of Transition Bonds and any credit enhancement provider (as contemplated in the Holders Financing Order and described in the applicable prospectus supplement relating to the related series of Transition Bonds) in the Initial Environmental Trust Bonds. Transition Property and in certain other property as granted by the Transition Bond Issuer in the Series Supplements to the Indenture (such security interest is herein referred to as the "Transition Bond Trustee Collateral.") Each of the parties hereto TC Parties and the Initial TC Servicer hereby acknowledges the ownership and security interest of the Additional Bond Issuer Initial Receivables Purchaser in the Additional Customer Property, including the Additional Customer Charges Eligible Assets and the revenues, collectionsCollections, 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 Receivables Parties, whether now existing or hereafter created, in the Eligible Assets 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 Agreementsrelated property. The Receivables Purchasers and the Receivables Servicer and the Additional Bond Trustee, the Additional Bond Issuer and the Additional Property Servicer each Parties further acknowledge that, notwithstanding anything in the Receivables Agreements Purchase Agreement or the Additional Bond Receivables Transfer Agreements to the contrary, none of such parties the Receivables Parties has any interest in the Initial Customer Transition Property. The Initial Bond Trustee, the Initial Transition Charges or the Transition Bond Issuer Trustee Collateral 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 TC Parties further acknowledge that, notwithstanding anything in the Initial Bond Transition Property Sale Agreements or the Additional Bond Agreements Indenture to the contrary, none of such parties the TC Parties has any interest in the ReceivablesEligible Assets and the related property.

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 holders of the Initial Environmental Trust Securitization 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 holders of the Additional Environmental Trust Securitization 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, Property and the Additional Customer Property and the Receivables each shall constitute separate property rights notwithstanding that they may be evidenced by a single bxxxbill. 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 in the Initial Bond Agreements or the Additional Bond Agreements to the contrary, none of such parties has any interest in the Receivables.

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 holders of the Initial Environmental Trust Securitization 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 holders of the Additional Environmental Trust Securitization 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 bxxxxxxx. 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 TrustTrustee, the Additional Bond Issuer and the Additional Property Servicer each further acknowledge that, notwithstanding anything in the Initial Bond Agreements or the Additional Bond Agreements to the contrary, none of such parties has any interest in the Receivables.