Common use of Creation of the Transition Property Clause in Contracts

Creation of the Transition Property. (a) Upon the effectiveness of the Issuance Advice Letter, the transfer of the Seller’s rights and interests under the Financing Order related to the Transition Bonds and the Issuer’s purchase of the Transition Property from the Seller pursuant to this Agreement, the Transition Property will constitute a present property right.

Creation of the Transition Property. (a) Upon the effectiveness of the Issuance Advice Letter, the transfer of the Seller’s 's rights and interests under the Financing Order related to the Transition Bonds and the Issuer’s 's purchase of the Transition Property from the Seller pursuant to this Agreement, the Transferred Transition Property will constitute constitutes a present property right.

Creation of the Transition Property. (a) Upon the effectiveness of the Issuance Advice Letter, Letter and the transfer of the Seller’s 's rights and interests under the Financing Order related to the Transition Bonds and the Issuer’s 's purchase of the Transition Property from the Seller pursuant to this Agreement, the Transferred Transition Property will constitute constitutes a present property right.