HOLDERS AS THIRD PARTY BENEFICIARIES. The Grantee and the Note Issuer agree that the Holders and the Indenture Trustee are express third-party beneficiaries of the provisions of this Agreement and that the Indenture Trustee, on behalf of the Holders, shall have the right to enforce the terms hereof as provided in Section 6.09 hereof. The Grantee will take all appropriate actions to perfect and maintain the perfection of the Grantee's and the Note Issuer's ownership interest in any of the 1998 Transition Property and to perfect and maintain the perfection of the Indenture Trustee's security interest in such 1998 Transition Property and all other Note Collateral.
Appears in 3 contracts
Samples: Intangible Transition Property Sale Agreement (Illinois Power Securitization Limited Liability Co), Intangible Transition Property Sale Agreement (Comed Funding LLC), Sale Agreement (Illinois Power Securitization Limited Liability Co)
HOLDERS AS THIRD PARTY BENEFICIARIES. The Grantee ComEd and the Note Issuer Grantee agree that the Holders and the Indenture Trustee are express third-party beneficiaries of the provisions of this Agreement and that the Indenture Trustee, on behalf of the Holders, shall have the right to enforce the terms hereof as provided in Section 6.09 hereof. The Grantee ComEd will take all appropriate actions to perfect and maintain the perfection of the Grantee's and the Note Issuer's ownership interest in any of the 1998 Transition Property and to perfect and maintain the perfection of the Indenture Trustee's security interest in such 1998 Transition Property and all other Note Collateral.
Appears in 1 contract
Samples: Agreement Relating to Grant of Intangible Transition Property (Comed Funding LLC)
