Common use of Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date Clause in Contracts

Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date. The Securitization Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum (the “Securitization Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Securitization Bond Interest Rate Scheduled Final Payment Date Final Maturity Date { } ${ } { }% { }, 20{ } { }, 20{ } { } ${ } { }% { }, 20{ } { }, 20{ } The Securitization Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 3 contracts

Samples: Indenture (DTE Electric Securitization Funding II LLC), Indenture (DTE Electric Securitization Funding II LLC), Indenture (DTE Electric Securitization Funding II LLC)

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Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date. The Securitization Bonds of each Tranche shall have the initial principal amount, bear interest at the rates rate per annum (the “Securitization Bond Interest Rate”) and shall have the Scheduled Final Payment Dates Date and the Final Maturity Dates Date set forth below: Tranche Initial Principal Amount Securitization Bond Interest Rate Scheduled Final Payment Date Final Maturity Date { } ${ } { }% { }, 20{ } { }, 20{ } { } ${ } { }% { }, 20{ } { }, 20{ } The Securitization Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 2 contracts

Samples: Indenture (DTE Electric Securitization Funding I LLC), Indenture (DTE Electric Securitization Funding I LLC)

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