Conversion of the Seller to a Limited Liability Company. Notwithstanding anything in this Agreement to the contrary, the Seller shall be able to convert to a limited liability company without the execution of an agreement of assumption and without compliance with clauses (i), (ii), (iii) and (iv) of Section 5.02, provided that such conversion does not result in a breach of the Seller's representation and warranty in Section 3.08(m) hereof.
Appears in 4 contracts
Samples: Transition Property Purchase and Sale Agreement (CPL Transition Funding LLC), Transition Property Purchase and Sale Agreement (Oncor Electric Delivery Transition Bond Co LLC), Transition Property Purchase and Sale Agreement (Oncor Electric Delivery Transition Bond Co LLC)
Conversion of the Seller to a Limited Liability Company. Notwithstanding anything in this Agreement to the contrary, the Seller shall be able to convert to a limited liability company without the execution of an agreement of assumption and without compliance with clauses (i), (ii), (iii) and (iv) of Section 5.02, provided that such conversion does not result in a breach of the Seller's representation and warranty in Section 3.08(m) hereof.. SECTION 5.04
Appears in 1 contract
Conversion of the Seller to a Limited Liability Company. Notwithstanding anything in this Agreement to the contrary, the Seller shall be able to convert to a limited liability company without the execution of an agreement of assumption and without compliance with clauses (i), (ii), (iii) and (iv) of Section 5.02, provided that such conversion does shall not result in a breach of the Seller's representation and warranty in Section 3.08(m) hereof.
Appears in 1 contract
Samples: Transition Property Purchase and Sale Agreement (CPL Transition Funding LLC)
