Common use of Denominations: Energy Transition Bonds Issuable in Series Clause in Contracts

Denominations: Energy Transition Bonds Issuable in Series. The Energy Transition Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Energy Transition Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more Tranches, and shall be designated generally as the “Series A Senior Secured Energy Transition Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Energy Transition Bonds of any particular Tranche as a Responsible Officer of the Issuer may determine. All Energy Transition Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless such Energy Transition Bonds are comprised of one or more Tranches, in which case all of such Energy Transition Bonds of the same Tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Energy Transition Bonds and of a particular Tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Energy Transition Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which Series Supplement shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between Tranches): (a) designation of the Tranches thereof; (b) the principal amount of each Tranche; (c) the Bond Interest Rate of each Tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each Tranche thereof; (d) the Payment Dates for each Tranche thereof; (e) the Scheduled Payment Dates for each Tranche thereof; (f) the Scheduled Final Payment Date(s) of each Tranche thereof; (g) the Final Maturity Date(s) of each Tranche thereof; (h) the issuance date; (i) the Authorized Denominations; (j) the Expected Amortization Schedule and Expected Sinking Fund Schedule for each Tranche thereof; (k) the place or places for the payment of interest, principal and premium, if any; (l) any additional Secured Parties; (m) the identity of the Indenture Trustee; (n) the Charges and the Collateral; (o) whether or not the Energy Transition Bonds are to be Book-Entry Energy Transition Bonds and the extent to which Section 2.11 should apply; and (p) any other terms of the Energy Transition Bonds (or Tranches thereof) that are not inconsistent with the provisions of this Indenture and as to which the Rating Agency Condition is satisfied.