Covenants Related to Securitization Bonds and Securitization Property. (a) So long as any of the Securitization Bonds are Outstanding, the Seller shall treat the Securitization Property as the Issuer’s property for all purposes other than financial reporting, state or U.S. federal regulatory or tax purposes, and the Seller shall treat the Securitization Bonds as debt for all purposes and specifically as debt of the Issuer, other than for financial reporting, state or U.S. federal regulatory or tax purposes.
Appears in 6 contracts
Samples: Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC)
Covenants Related to Securitization Bonds and Securitization Property. (a) So long as any of the Securitization Bonds are Outstanding, the Seller shall treat the Securitization Property as the Issuer’s property for all purposes other than financial reporting, state or U.S. federal regulatory or tax purposes, and the Seller shall treat the Securitization Bonds as debt for all purposes and specifically as debt of the Issuer, other than for financial reporting, state or U.S. federal regulatory reporting or tax purposes.
Appears in 5 contracts
Samples: Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC)
