Common use of Collection of Indebtedness and Suits for Enforcement by Indenture Trustee Clause in Contracts

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i) or (ii) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, wherever situated the moneys payable, or the Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i) or (ii) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitized Utility Tariff Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Securitized Utility Tariff Bonds, wherever situated the moneys payable, or the Recovery Securitized Utility Tariff Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Securitized Utility Tariff Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitized Utility Tariff Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitized Utility Tariff Bonds and collect in the manner provided by applicable law out of the property of the Issuer or other obligor upon the Recovery Bonds, Securitized Utility Tariff Bonds wherever situated the moneys payable, or the Recovery Bond Collateral Trust Estate and the proceeds thereof, the whole amount then due and payable on the Recovery Securitized Utility Tariff Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitized Utility Tariff Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Storm Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Storm Recovery Bonds, Bonds wherever situated the moneys payable, or the Storm Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Storm Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Storm Recovery Bonds or the applicable Tranche tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitization Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Securitization Bonds, wherever situated the moneys payable, or the Recovery Securitization Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Securitization Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitization Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and external counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Environmental Trust Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Environmental Trust Bonds, wherever situated the moneys payable, or the Recovery Environmental Trust Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Environmental Trust Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Environmental Trust Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and external counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Storm Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Storm Recovery Bonds, Bonds wherever situated the moneys payable, or the Storm Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Storm Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Storm Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitization Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, Securitization Bonds wherever situated the moneys payable, or the Recovery Securitization Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Securitization Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitization Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Energy Transition Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, Energy Transition Bonds wherever situated the moneys payable, or the Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Energy Transition Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Energy Transition Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Storm Recovery Bonds and collect in the manner provided by applicable law out of the property of the Issuer or other obligor upon the Storm Recovery Bonds, Bonds wherever situated the moneys payable, or the Recovery Bond Collateral Trust Estate and the proceeds thereof, the whole amount then due and payable on the Storm Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Storm Recovery Bonds or the applicable Tranche tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.1810.19, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery System Restoration Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery System Restoration Bonds, wherever situated the moneys payable, or the Recovery System Restoration Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery System Restoration Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery System Restoration Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.1810.19, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery such System Restoration Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery such System Restoration Bonds, wherever situated the moneys payable, or the Recovery related System Restoration Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery System Restoration Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery System Restoration Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitization Bonds and collect in the manner provided by applicable law out of the property of the Issuer or other obligor upon the Recovery Bonds, Securitization Bonds wherever situated the moneys payable, or the Recovery Bond Collateral Trust Estate and the proceeds thereof, the whole amount then due and payable on the Recovery Securitization Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitization Bonds or the applicable Tranche tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.1810.19, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Consumer Rate Relief Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Consumer Rate Relief Bonds, wherever situated the moneys payable, or the Recovery CRR Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Consumer Rate Relief Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Consumer Rate Relief Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the such Storm Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the such Storm Recovery Bonds, wherever situated the moneys payable, or the related Storm Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Storm Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Storm Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Securitization Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, Securitization Bonds wherever situated the moneys payable, or the Recovery Securitization Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Securitization Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Securitization Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and external counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.1810.19, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Transition Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Transition Bonds, wherever situated the moneys payable, or the Recovery Transition Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Transition Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Transition Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the such Investment Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the such Investment Recovery Bonds, wherever situated the moneys payable, or the related Investment Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Investment Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Investment Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Rate Reduction Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, wherever situated the moneys payable, or the Recovery Bond RRB Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Rate Reduction Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Rate Reduction Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable and documented compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and external counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(a) or (iiSection 5.01(b) has occurred and is continuing, subject to Section 10.1810.16, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery Deferred Fuel Cost Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bonds, Deferred Fuel Cost Bonds wherever situated the moneys payable, or the Recovery Bond Deferred Fuel Cost Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Deferred Fuel Cost Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Deferred Fuel Cost Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.18, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the such Storm Recovery Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the such Storm Recovery Bonds, wherever situated the moneys payable, or the related Storm Recovery Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Storm Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Storm Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event The Issuer covenants that if (i) default is made in the payment of Default under Section 5.01(a)(iany interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) has occurred default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and is continuingpayable, subject the Issuer shall, upon demand of the Indenture Trustee, pay to Section 10.18the Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest at the applicable Note Interest Rate borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys and counsel. (b) In case the Issuer shall fail forthwith to pay such amounts upon such demand, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, and may enforce the same against the Issuer or other obligor upon the Recovery Bonds such Notes and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery Bondssuch Notes, wherever situated the moneys payable, or the Recovery Bond Collateral and the proceeds thereofsituated, the whole amount then due and payable on the Recovery Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, monies adjudged or decreed to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counselpayable.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) If an Event of Default under Section 5.01(a)(i5.01(i) or (ii) has occurred and is continuing, subject to Section 10.1810.19, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and, subject to the limitations on recourse set forth herein, may enforce the same against the Issuer or other obligor upon the Recovery such Transition Bonds and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Recovery such Transition Bonds, wherever situated the moneys payable, or the Recovery related Transition Bond Collateral and the proceeds thereof, the whole amount then due and payable on the Recovery Transition Bonds for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Recovery Transition Bonds or the applicable Tranche and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.