Common use of Description of the Bonds Clause in Contracts

Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of _________, 2024, as supplemented by a series supplement thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on February 16, 2024 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about _________, 2024, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about _________, 2024, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of _________August 1, 2024, as supplemented by a series supplement thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on February 16, 2024 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about _________August 1, 2024, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about _________August 1, 2024, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of _________May 10, 20242022, as supplemented by a one or more series supplement supplements thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on February 16May 6, 2024 2021 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about _________May 10, 20242022, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about _________May 10, 20242022, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of _________November 12, 20242021, as supplemented by a one or more series supplement supplements thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on February 16June 24, 2024 2021 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about _________November 12, 20242021, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about _________November 12, 20242021, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of _________November 30, 20242022, as supplemented by a series supplement thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on February 16August 5, 2024 2022 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about _________November 30, 20242022, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about _________November 30, 20242022, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).