Common use of DEFINITIONS AND RULES Clause in Contracts

DEFINITIONS AND RULES. OF CONSTRUCTION 1 SECTION 1.01. Definitions and Rules of Construction 1 ARTICLE II. TRANSFER OF SECURITIZATION PROPERTY 1 SECTION 2.01. Transfer of Securitization Property 1 SECTION 2.02. Conditions to Transfer of Securitization Property 2 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF SELLER 3 SECTION 3.01. Organization and Good Standing 3 SECTION 3.02. Due Qualification 3 SECTION 3.03. Power and Authority 3 SECTION 3.04. Binding Obligation 3 SECTION 3.05. No Violation 4 SECTION 3.06. No Proceedings 4 SECTION 3.07. Approvals 4 SECTION 3.08. The Securitization Property 4 SECTION 3.09. Limitations on Representations and Warranties 7 ARTICLE IV. COVENANTS OF THE SELLER 7 SECTION 4.01. Existence 7 SECTION 4.02. No Liens 7 SECTION 4.03. Delivery of Collections 7 SECTION 4.04. Notice of Liens 8 SECTION 4.05. Compliance with Law 8 SECTION 4.06. Covenants Related to Securitization Bonds and Securitization Property 8 SECTION 4.07. Protection of Title 9 SECTION 4.08. Nonpetition Covenants 9 SECTION 4.09. Taxes 9 SECTION 4.10. Notice of Breach to Rating Agencies, Etc 9 SECTION 4.11. Use of Proceeds 10 SECTION 4.12. Further Assurances 10 ARTICLE V. THE SELLER 10 SECTION 5.01. Liability of Seller; Indemnities 10 SECTION 5.02. Merger, Conversion or Consolidation of, or Assumption of the Obligations of, Seller 11 SECTION 5.03. Limitation on Liability of Seller and Others 12 ARTICLE VI. MISCELLANEOUS PROVISIONS 12 SECTION 6.01. Amendment 12 SECTION 6.02. Notices 13 SECTION 6.03. Assignment 13 SECTION 6.04. Limitations on Rights of Third Parties 13 SECTION 6.05. Severability 13 SECTION 6.06. Separate Counterparts 13 SECTION 6.07. Headings 13 SECTION 6.08. Governing Law 13 SECTION 6.09. Assignment to Indenture Trustee 13 SECTION 6.10. Limitation of Liability 14 SECTION 6.11. Waivers 14 EXHIBIT Exhibit A Form of Bill of Sale This SECURITIZATION PROPERTY PURCHASE AND SALE AGREEMENT, dated as of November 1, 2023 (this “Sale Agreement”), is by and between DTE ELECTRIC SECURITIZATION FUNDING II LLC, a Delaware limited liability company (the “Issuer”), and DTE ELECTRIC COMPANY, a Michigan corporation (together with its successors in interest to the extent permitted hereunder, the “Seller”), and acknowledged and accepted by U.S. Bank Trust Company, National Association, as Indenture Trustee.

DEFINITIONS AND RULES. OF CONSTRUCTION 1 SECTION 1.01. Definitions and Rules of Construction 1 ARTICLE II. TRANSFER OF SECURITIZATION ENVIRONMENTAL CONTROL PROPERTY 1 2 SECTION 2.01. Transfer of Securitization Property 1 Environmental Control Property. 2 SECTION 2.02. Conditions to Transfer of Securitization Environmental Control Property 2 3 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF SELLER 3 4 SECTION 3.01. Organization and Good Standing 3 4 SECTION 3.02. Due Qualification 3 4 SECTION 3.03. Power and Authority 3 4 SECTION 3.04. Binding Obligation 3 4 SECTION 3.05. No Violation 4 5 SECTION 3.06. No Proceedings 4 5 SECTION 3.07. Approvals 4 5 SECTION 3.08. The Securitization Property 4 Environmental Control Property. 5 SECTION 3.09. Limitations on Representations and Warranties 7 8 ARTICLE IV. COVENANTS OF THE SELLER 7 9 SECTION 4.01. Existence 7 9 SECTION 4.02. No Liens 7 9 SECTION 4.03. Delivery of Collections 7 9 SECTION 4.04. Notice of Liens 8 10 SECTION 4.05. Compliance with Law 8 10 SECTION 4.06. Covenants Related to Securitization Environmental Trust Bonds and Securitization Property 8 Environmental Control Property. 10 SECTION 4.07. Protection of Title 9 11 SECTION 4.08. Nonpetition Covenants 9 12 SECTION 4.09. Taxes 9 12 SECTION 4.10. Notice of Breach to Rating Agencies, Etc 9 12 SECTION 4.11. Use of Proceeds 10 12 SECTION 4.12. Further Assurances 10 13 ARTICLE V. THE SELLER 10 13 SECTION 5.01. Liability of Seller; Indemnities 10 SECTION 5.02Indemnities. Merger, Conversion or Consolidation of, or Assumption of the Obligations of, Seller 11 SECTION 5.03. Limitation on Liability of Seller and Others 12 ARTICLE VI. MISCELLANEOUS PROVISIONS 12 SECTION 6.01. Amendment 12 SECTION 6.02. Notices 13 SECTION 6.03. Assignment 13 SECTION 6.04. Limitations on Rights of Third Parties 13 SECTION 6.05. Severability 13 SECTION 6.06. Separate Counterparts 13 SECTION 6.07. Headings 13 SECTION 6.08. Governing Law 13 SECTION 6.09. Assignment to Indenture Trustee 13 SECTION 6.10. Limitation of Liability 14 SECTION 6.11. Waivers 14 EXHIBIT Exhibit A Form of Bill of Sale This SECURITIZATION PROPERTY PURCHASE AND SALE AGREEMENT, dated as of November 1, 2023 (this “Sale Agreement”), is by and between DTE ELECTRIC SECURITIZATION FUNDING II LLC, a Delaware limited liability company (the “Issuer”), and DTE ELECTRIC COMPANY, a Michigan corporation (together with its successors in interest to the extent permitted hereunder, the “Seller”), and acknowledged and accepted by U.S. Bank Trust Company, National Association, as Indenture Trustee.13

DEFINITIONS AND RULES. OF CONSTRUCTION 1 SECTION 1.01. Definitions and Rules of Construction 1 ARTICLE II. TRANSFER OF SECURITIZATION PROPERTY 1 SECTION 2.01. Transfer of Securitization Property 1 SECTION 2.02. Conditions to Transfer of Securitization Property 2 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF SELLER 3 SECTION 3.01. Organization and Good Standing 3 SECTION 3.02. Due Qualification 3 SECTION 3.03. Power and Authority 3 SECTION 3.04. Binding Obligation 3 SECTION 3.05. No Violation 4 SECTION 3.06. No Proceedings 4 SECTION 3.07. Approvals 4 SECTION 3.08. The Securitization Property 4 SECTION 3.09. Limitations on Representations and Warranties 7 ARTICLE IV. COVENANTS OF THE SELLER 7 SECTION 4.01. Existence 7 SECTION 4.02. No Liens 7 SECTION 4.03. Delivery of Collections 7 SECTION 4.04. Notice of Liens 8 SECTION 4.05. Compliance with Law 8 SECTION 4.06. Covenants Related to Securitization Bonds and Securitization Property 8 SECTION 4.07. Protection of Title 9 SECTION 4.08. Nonpetition Covenants 9 SECTION 4.09. Taxes 9 SECTION 4.10. Notice of Breach to Rating Agencies, Etc 9 SECTION 4.11. Use of Proceeds 10 SECTION 4.12. Further Assurances 10 ARTICLE V. THE SELLER 10 SECTION 5.01. Liability of Seller; Indemnities 10 SECTION 5.02. Merger, Conversion or Consolidation of, or Assumption of the Obligations of, Seller 11 SECTION 5.03. Limitation on Liability of Seller and Others 12 ARTICLE VI. MISCELLANEOUS PROVISIONS 12 SECTION 6.01. Amendment 12 SECTION 6.02. Notices 13 SECTION 6.03. Assignment 13 SECTION 6.04. Limitations on Rights of Third Parties 13 SECTION 6.05. Severability 13 SECTION 6.06. Separate Counterparts 13 SECTION 6.07. Headings 13 SECTION 6.08. Governing Law 13 SECTION 6.09. Assignment to Indenture Trustee 13 SECTION 6.10. Limitation of Liability 14 SECTION 6.11. Waivers 14 EXHIBIT Exhibit A Form of Bill of Sale This SECURITIZATION PROPERTY PURCHASE AND SALE AGREEMENT, dated as of November 1[Closing Date], 2023 (this “Sale Agreement”), is by and between DTE ELECTRIC SECURITIZATION FUNDING II LLC, a Delaware limited liability company (the “Issuer”), and DTE ELECTRIC COMPANY, a Michigan corporation (together with its successors in interest to the extent permitted hereunder, the “Seller”), and acknowledged and accepted by U.S. Bank Trust Company, National Association, as Indenture Trustee.

DEFINITIONS AND RULES. OF CONSTRUCTION 1 SECTION 1.01. Definitions and Rules of Construction 1 ARTICLE II. TRANSFER OF SECURITIZATION ENVIRONMENTAL CONTROL PROPERTY 1 2 SECTION 2.01. Transfer of Securitization Property 1 Environmental Control Property. 2 SECTION 2.02. Conditions to Transfer of Securitization Environmental Control Property 2 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF SELLER 3 4 SECTION 3.01. Organization and Good Standing 3 4 SECTION 3.02. Due Qualification 3 4 SECTION 3.03. Power and Authority 3 4 SECTION 3.04. Binding Obligation 3 4 SECTION 3.05. No Violation 4 5 SECTION 3.06. No Proceedings 4 5 SECTION 3.07. Approvals 4 5 SECTION 3.08. The Securitization Property 4 Environmental Control Property. 5 SECTION 3.09. Limitations on Representations and Warranties 7 8 ARTICLE IV. COVENANTS OF THE SELLER 7 9 SECTION 4.01. Existence 7 9 SECTION 4.02. No Liens 7 9 SECTION 4.03. Delivery of Collections 7 9 SECTION 4.04. Notice of Liens 8 10 SECTION 4.05. Compliance with Law 8 10 SECTION 4.06. Covenants Related to Securitization Environmental Trust Bonds and Securitization Property 8 Environmental Control Property. 10 SECTION 4.07. Protection of Title 9 11 SECTION 4.08. Nonpetition Covenants 9 12 SECTION 4.09. Taxes 9 12 SECTION 4.10. Notice of Breach to Rating Agencies, Etc 9 12 SECTION 4.11. Use of Proceeds 10 12 SECTION 4.12. Further Assurances 10 13 ARTICLE V. THE SELLER 10 13 SECTION 5.01. Liability of Seller; Indemnities 10 SECTION 5.02Indemnities. Merger, Conversion or Consolidation of, or Assumption of the Obligations of, Seller 11 SECTION 5.03. Limitation on Liability of Seller and Others 12 ARTICLE VI. MISCELLANEOUS PROVISIONS 12 SECTION 6.01. Amendment 12 SECTION 6.02. Notices 13 SECTION 6.03. Assignment 13 SECTION 6.04. Limitations on Rights of Third Parties 13 SECTION 6.05. Severability 13 SECTION 6.06. Separate Counterparts 13 SECTION 6.07. Headings 13 SECTION 6.08. Governing Law 13 SECTION 6.09. Assignment to Indenture Trustee 13 SECTION 6.10. Limitation of Liability 14 SECTION 6.11. Waivers 14 EXHIBIT Exhibit A Form of Bill of Sale This SECURITIZATION PROPERTY PURCHASE AND SALE AGREEMENT, dated as of November 1, 2023 (this “Sale Agreement”), is by and between DTE ELECTRIC SECURITIZATION FUNDING II LLC, a Delaware limited liability company (the “Issuer”), and DTE ELECTRIC COMPANY, a Michigan corporation (together with its successors in interest to the extent permitted hereunder, the “Seller”), and acknowledged and accepted by U.S. Bank Trust Company, National Association, as Indenture Trustee.13